Topic: Let's make WAR on FUD that are directed at sobotaging our Bitcoin experiment (Read 223 times)
May 21, 2021, 10:15:18 AM
Its good to fight back those whales who sabotage the movement of bitcoin but its hard to have a synchronized movements to fight it since we don't have any hold on the decisions of other holders and the most affected person on this situation are the newbies, they will not listen to any hypes once they see the price of their tokens or coins starting to drop badly. But let see how people react on this current fud spread and lets just hope that it cannot affect much to the market price of bitcoin.
May 21, 2021, 10:09:17 AM
It's important to find misinformation and to present evidence of the contrary when people say that Bitcoin mining is extremely harmful for the environment. I've seen many threads dedicated to this issue on Bitcointalk, but I think this thread is the best. The arguments and evidence by fillippone are pretty solid, and there were also suggestions by other people who replied in the thread.
At the same time, I think we should handle FUD more lightly because, like FOMO, it's a part of the free market. Moreover, it's very hard to change someone's mind by presenting evidence if this person already has a strong opinion on the matter, so focusing on shared values is a better start (for instance, starting with acknowledging that climate change is real, coal is an unsustainable energy source etc. and slowly moving towards the evidence to support BTC).
At the same time, I think we should handle FUD more lightly because, like FOMO, it's a part of the free market. Moreover, it's very hard to change someone's mind by presenting evidence if this person already has a strong opinion on the matter, so focusing on shared values is a better start (for instance, starting with acknowledging that climate change is real, coal is an unsustainable energy source etc. and slowly moving towards the evidence to support BTC).
May 21, 2021, 01:13:30 AM
We have seen how a single tweet from Elon Musk (based on this FUD) ...simply destroyed confidence in the technology and caused a ripple affect on the Bitcoin price and people selling their coins. 
In this case we should start the fight the moment malicious people like this start getting in bitcoin with praising it at first to gain "popularity". Next time another rich prick comes in and the news articles start pouring in about them we should start warning others about the possible malicious intentions of these people so that later on if they did what Musk and McAfee did they don't fall for it.They are here to make money and they don't care about the technology no matter how much they pretend to at first. A good evidence of it is when they start talking about altcoins.
May 20, 2021, 06:56:26 AM
This has been a complete rehearse right? The same mode of entry from anti-bitcoin way back in 2017, but we all know that we have stood the test during that time and I would say that bitcoin won. So nothing has change again, we are in a bull run so there will be a lot of FUD around from people who have bad intentions.
But we all know that they will not win even if they spread negativity in social media. And the more they attack bitcoin, the more people realized that it was just a futile attack to bring it down. And most likely many are not going to believed these articles about bitcoin using a lot of electricity. There are reports saying the contrary already since 2017 or even earlier.
But we all know that they will not win even if they spread negativity in social media. And the more they attack bitcoin, the more people realized that it was just a futile attack to bring it down. And most likely many are not going to believed these articles about bitcoin using a lot of electricity. There are reports saying the contrary already since 2017 or even earlier.
May 20, 2021, 01:28:48 AM
See this is a common misconception and also based on misinformation that are spread on the Internet. China are also the biggest user of Hydro electricity in the world
That's correct. Still, in the dry season they may switch to coal-based electricity if the rivers no longer have enough debit.
And yep, it's a great example that since this is something normal, hence boring, it doesn't propagate as widely as the big bad coal based electricity feeding big bad bitcoin story.
May 20, 2021, 01:14:35 AM
This ain't gonna work,because nobody cares.
Do you really think that the majority of the people actually care what kind of energy is being used to mine Bitcoins?Do you think that Elon Musk didn't knew anything about BTC mining,before he bought BTC?
The people only care about prices,making money and getting profits.Nothing else.The "environmentalist" activism is just hypocrisy.
The FUD didn't sabotage the Bitcoin experiment,because the Bitcoin Core blockchain is still safe and sound.
A Bitcoin price crash is what it is-just a price crash.
Do you really think that the majority of the people actually care what kind of energy is being used to mine Bitcoins?Do you think that Elon Musk didn't knew anything about BTC mining,before he bought BTC?
The people only care about prices,making money and getting profits.Nothing else.The "environmentalist" activism is just hypocrisy.
The FUD didn't sabotage the Bitcoin experiment,because the Bitcoin Core blockchain is still safe and sound.
A Bitcoin price crash is what it is-just a price crash.
May 20, 2021, 12:54:41 AM
Exactly. Not to mention, Musk being concerned with fossil fuels being used by gigantic mining corporations in China is not "FUD". It's a fact.
For crypto to become fully politically acceptable, as many huge miners as possible need to switch to hydro, solar or wind power.
Instead of using cheap coal-generated electricity as is the case for many big Chinese miners.
For crypto to become fully politically acceptable, as many huge miners as possible need to switch to hydro, solar or wind power.
Instead of using cheap coal-generated electricity as is the case for many big Chinese miners.
Sorry, but you've missed this and that on the way.
1. Elon's "concern" is not genuine, he has a hidden agenda, I don't know what's that though.
He knew about all the fossil fuel problems also before buying or accepting bitcoin. And the electricity the Tesla cars use is not necessarily cleaner.
2. Bitcoin is not "politically acceptable" because it poses as a threat to the current financial system. And then "they" will find ways to demonize bitcoin. 5 years ago "it was used only by criminals", now "it uses fossil fuels", in 5 years it will be something else. We know it's noise. We know that this is a way to make the herd focus on fake problems.
Why using coal based electricity is "acceptable" for other industries? Why are electric companies still allowed to produce this kind of electricity also in US or EU?
Plenty of countries have already accepted cryptocurrencies as a taxable property class, though not payment type. Even backwater nations like Russia.
https://news.bitcoin.com/putin-signs-law-cryptocurrency-legal-russia/
There is no secret cabal or illuminati trying to stop bitcoin as some tinfoils on the forum think.
Quote
Why using coal based electricity is "acceptable" for other industries? Why are electric companies still allowed to produce this kind of electricity also in US or EU?
Many countries in Europe are becoming carbon neutral by 2040 and already generate a big portion of their energy by green production.
Nobody is encouraging the use of coal energy or dirty energy in Europe.
In the UK alone, the proportion of solar, wind and hydropower has risen to 33%. The government has set a target of 75% by 2030.
Bitcoin miners can set an example and become fully solar, wind/hydro earlier than that, and gain political favor by doing so.
Currently a lot of big miners, a lot of whose hashrate orginate from China are using coal-generated electricity to mine bitcoins.
See this is a common misconception and also based on misinformation that are spread on the Internet. China are also the biggest user of Hydro electricity in the world, based on this https://www.statista.com/statistics/265570/top-countries-by-hydropower-consumption/
People can make any assumption and then post that on Social media or like Elon Musk on Twitter and the world will believe that. Our community should respond to this with research that was done to debunk things like this. We have a lot of whales that are just sitting on their coins... we should fund a kickstarter to fund a fact finding mission to gather information on this subject and then to publish those facts...whales can help to fund that.
May 19, 2021, 05:29:51 AM
Many countries in Europe are becoming carbon neutral by 2040 and already generate a big portion of their energy by green production.
Nobody is encouraging the use of coal energy or dirty energy in Europe.
Nobody is encouraging the use of coal energy or dirty energy in Europe.
I didn't say it's encouraged. What I said is that nobody stops them (not yet!) from producing dirty energy. And nobody was banning this or that industry or products (whether from Europe or from China!) because of use of dirty energy. Except Bitcoin. Interesting.
I heard "don't buy iPhone because they use child labor", but no "don't buy iPhone because they use coal-based electricity in production". Why don't all have the same treatment?
For crypto to become fully politically acceptable
Plenty of countries have already accepted cryptocurrencies as a taxable property class, though not payment type. Even backwater nations like Russia.
... Please look for the context of what I'm telling, else it'll get odd.
May 19, 2021, 04:47:56 AM
People who believe in FUD are morons, we don't need in the cryptocurrency market. those who follow Elonmusk's words will only become polluted polluters in the crypto market. I agree to fight against FUD by sharing mining videos that use renewable energy. and bitcoin mining is not the main influence on carbon emissions.
May 19, 2021, 04:38:31 AM
Exactly. Not to mention, Musk being concerned with fossil fuels being used by gigantic mining corporations in China is not "FUD". It's a fact.
For crypto to become fully politically acceptable, as many huge miners as possible need to switch to hydro, solar or wind power.
Instead of using cheap coal-generated electricity as is the case for many big Chinese miners.
For crypto to become fully politically acceptable, as many huge miners as possible need to switch to hydro, solar or wind power.
Instead of using cheap coal-generated electricity as is the case for many big Chinese miners.
Sorry, but you've missed this and that on the way.
1. Elon's "concern" is not genuine, he has a hidden agenda, I don't know what's that though.
He knew about all the fossil fuel problems also before buying or accepting bitcoin. And the electricity the Tesla cars use is not necessarily cleaner.
2. Bitcoin is not "politically acceptable" because it poses as a threat to the current financial system. And then "they" will find ways to demonize bitcoin. 5 years ago "it was used only by criminals", now "it uses fossil fuels", in 5 years it will be something else. We know it's noise. We know that this is a way to make the herd focus on fake problems.
Why using coal based electricity is "acceptable" for other industries? Why are electric companies still allowed to produce this kind of electricity also in US or EU?
Plenty of countries have already accepted cryptocurrencies as a taxable property class, though not payment type. Even backwater nations like Russia.
https://news.bitcoin.com/putin-signs-law-cryptocurrency-legal-russia/
There is no secret cabal or illuminati trying to stop bitcoin as some tinfoils on the forum think.
Quote
Why using coal based electricity is "acceptable" for other industries? Why are electric companies still allowed to produce this kind of electricity also in US or EU?
Many countries in Europe are becoming carbon neutral by 2040 and already generate a big portion of their energy by green production.
Nobody is encouraging the use of coal energy or dirty energy in Europe.
In the UK alone, the proportion of solar, wind and hydropower has risen to 33%. The government has set a target of 75% by 2030.
Bitcoin miners can set an example and become fully solar, wind/hydro earlier than that, and gain political favor by doing so.
Currently a lot of big miners, a lot of whose hashrate orginate from China are using coal-generated electricity to mine bitcoins.
May 19, 2021, 04:03:55 AM
Man, if people actually read articles before making a judgement, no one would be influenced by FUD. But nope. I don't even think it's a loss for the community to actually ignore those people who just judge Bitcoin based on musks tweet, without any prior research about if it was true or not even. It's just like how the majority of the people online now are easily influenced by anything at this point. Those that actually DYOR, even on the simplest of stuff are quite rare even.
Sides, FUD is still a form of advertisement. Just that, people will sooner or later learn proper facts about it I suppose. Just like how past FUDS came and went, this one would also do the same.
Sides, FUD is still a form of advertisement. Just that, people will sooner or later learn proper facts about it I suppose. Just like how past FUDS came and went, this one would also do the same.
May 19, 2021, 04:01:51 AM
Exactly. Not to mention, Musk being concerned with fossil fuels being used by gigantic mining corporations in China is not "FUD". It's a fact.
For crypto to become fully politically acceptable, as many huge miners as possible need to switch to hydro, solar or wind power.
Instead of using cheap coal-generated electricity as is the case for many big Chinese miners.
For crypto to become fully politically acceptable, as many huge miners as possible need to switch to hydro, solar or wind power.
Instead of using cheap coal-generated electricity as is the case for many big Chinese miners.
Sorry, but you've missed this and that on the way.
1. Elon's "concern" is not genuine, he has a hidden agenda, I don't know what's that though.
He knew about all the fossil fuel problems also before buying or accepting bitcoin. And the electricity the Tesla cars use is not necessarily cleaner.
2. Bitcoin is not "politically acceptable" because it poses as a threat to the current financial system. And then "they" will find ways to demonize bitcoin. 5 years ago "it was used only by criminals", now "it uses fossil fuels", in 5 years it will be something else. We know it's noise. We know that this is a way to make the herd focus on fake problems.
Why using coal based electricity is "acceptable" for other industries? Why are electric companies still allowed to produce this kind of electricity also in US or EU?
May 19, 2021, 03:53:47 AM
Let's flood Social media with articles and videos
This sounds like a call for a hype, kinda as artificial as the FUD. This could jump the price, and if that would happen, the jump will be high and fast. And then what? A new correction will come, some new FUD will rise and people will get tired to hype yet again. But I am not sure that FUD and hype are the solution for everything. Let the world earn about bitcoin at its own pace. Else the price fluctuations can get even more wild than we are (more or less) used with.
Exactly. Not to mention, Musk being concerned with fossil fuels being used by gigantic mining corporations in China is not "FUD". It's a fact.
For crypto to become fully politically acceptable, as many huge miners as possible need to switch to hydro, solar or wind power.
Instead of using cheap coal-generated electricity as is the case for many big Chinese miners.
May 19, 2021, 03:44:27 AM
I believe as Welsh said here,
FUD is a vital part of the Bitcoin experiment. Nothing good or bad has ever been without its propaganda from both sides.
Let us not forget Jamie Dimon’s escapade on Bitcoin back in 2017 when he outrightly called "Bitcoin a Fraud" and what still happened after that, Bitcoin still went to $20k even though it dumped initially and he had the same reaction people are giving to Elon musk now. Now it is Elon musk and tomorrow it could be some other Idiot that just wants to have fun with the market. The only thing to me is that I hope we get to a point where these FUDs will mean less to price action because investors now understand better but I know that's a tall ask. May 19, 2021, 03:06:54 AM
Nope, this is actually a debunk exercise, where actual facts are researched and distributed
Actual facts are not that interesting, hence not appealing for media. Actual facts don't get that much traction as sensational news. Unfortunately this is the world we are living in.
Also unless you get some prominent figures (as well known as Elon) helping you with this, it would go ignored by most.
People should stop looking for reasons and excuses not to do this and focus on the positive result of a exercise like this, because the long-term advantage of killing this FUD... are beneficial for Bitcoin's future.
I don't mean to stop anybody from doing this and I don't try to find excuses either. But imho the bitcoiners are too lazy to try this. They'll just HOLD and wait. (Of course, I'd be happy to see I'm wrong.)
May 19, 2021, 03:00:53 AM
Let's flood Social media with articles and videos
This sounds like a call for a hype, kinda as artificial as the FUD. This could jump the price, and if that would happen, the jump will be high and fast. And then what? A new correction will come, some new FUD will rise and people will get tired to hype yet again. But I am not sure that FUD and hype are the solution for everything. Let the world earn about bitcoin at its own pace. Else the price fluctuations can get even more wild than we are (more or less) used with.
Nope, this is actually a debunk exercise, where actual facts are researched and distributed to kill the perception that Bitcoin is this "monster" that are eating "dirty" energy all the time. This is not about the price and hype cycles, but more about right and wrong and what is facts and what is FUD. (Purely education and fact gathering exercise)
Why should we sit back and get smacked around by people who are misusing wrong information to serve their own agendas? Just the volatility that are caused by this FUD, are destroying Bitcoin's ability to be used as a currency. (Merchants hate volatile payment options, so this needs to be countered too)
People should stop looking for reasons and excuses not to do this and focus on the positive result of a exercise like this, because the long-term advantage of killing this FUD... are beneficial for Bitcoin's future.
May 19, 2021, 02:38:19 AM
Let's flood Social media with articles and videos
This sounds like a call for a hype, kinda as artificial as the FUD. This could jump the price, and if that would happen, the jump will be high and fast. And then what? A new correction will come, some new FUD will rise and people will get tired to hype yet again. But I am not sure that FUD and hype are the solution for everything. Let the world earn about bitcoin at its own pace. Else the price fluctuations can get even more wild than we are (more or less) used with.
May 19, 2021, 02:26:28 AM
Those that are influenced by FUD, aren't likely logicial people in the beginning, so why would they listen to someone refute their idol/role model. If I were to go up against Elon Musk, and counter every claim/statement he made, who do you think the general public would be inclined to believe?
Plus, FUD is a vital part of the Bitcoin experiment. Nothing good or bad has ever been without its propaganda from both sides. Also, I've not seen much evidence either way, I couldn't tell you accurately, or even begin to collect the information on how much miners are using green energy. You would need the miners to actively disclose this, which is unlikely that they would do.
Plus, FUD is a vital part of the Bitcoin experiment. Nothing good or bad has ever been without its propaganda from both sides. Also, I've not seen much evidence either way, I couldn't tell you accurately, or even begin to collect the information on how much miners are using green energy. You would need the miners to actively disclose this, which is unlikely that they would do.
The thing is, every argument has a counter argument and nobody are actively engaging (with facts) with these misinformed people. Let's open up a debate about this subject of clean energy and get some representative from China (within these large mining farms) to disclose these numbers in a transparent way. (Show the world, how clean energy are used for large mining operations)
I know there is a thread on this subject on this forum, where someone actually debunked some of the calculations that was done to misrepresent the power that was used to calculate the energy used to mine Bitcoin. (If anyone can find it, please post it in this thread.. I will reward you with some sMerit for your effort)
We just need some people from the community to debunk more of these statements on social media platforms or even investigative journalists to do some researched articles on this.
May 19, 2021, 01:58:21 AM
Those that are influenced by FUD, aren't likely logicial people in the beginning, so why would they listen to someone refute their idol/role model. If I were to go up against Elon Musk, and counter every claim/statement he made, who do you think the general public would be inclined to believe?
Plus, FUD is a vital part of the Bitcoin experiment. Nothing good or bad has ever been without its propaganda from both sides. Also, I've not seen much evidence either way, I couldn't tell you accurately, or even begin to collect the information on how much miners are using green energy. You would need the miners to actively disclose this, which is unlikely that they would do.
Plus, FUD is a vital part of the Bitcoin experiment. Nothing good or bad has ever been without its propaganda from both sides. Also, I've not seen much evidence either way, I couldn't tell you accurately, or even begin to collect the information on how much miners are using green energy. You would need the miners to actively disclose this, which is unlikely that they would do.
May 19, 2021, 01:50:03 AM
What's it going to do though, as far as I know most FUDs are senseless so we can't really fight them because if we talk in rational terms, they won't go to our level instead it will go the other way. We all know that it isn't bitcoin that causes pollution so I think that it is enough.
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