Finite Meets Infinite: The #Bitcoin Equation🚀 Unlimited fiat in circulation Only 21M $BTC will ever exist As fiat supply inflates, Bitcoin's cap remains unshaken – defining digital scarcity and value.

@TheCryptoLark

It's ok to be entertained Just make sure those entertaining you aren't trying to control you‼️⚠️

One of the most out-of-touch pieces of "journalism" on Bitcoin I've read recently is from @BNONews yesterday. Curiously, the article reads quite similarly to the prompt I give ChatGPT when I input the instruction "Write a 1000 hitpiece on Bitcoin mining in the style of a legacy media journalist, focusing on negative environmental externalities only, and ignoring all peer reviewed papers that suggest Bitcoin mining has strong environmental benefits" suggesting very little original thought or research has gone into the piece. On a positive note, the article does get two things right: the industry is indeed "pioneering Renewable Energy Adoption" and using "more Energy-Efficient Mining Hardware". However, the rest of the article is full of misinformation, and myths that most mainstream media has realized to be such and is no longer reporting on. However, the other 91% of the article is brimming with long-debunked factual inaccuracies including: 1. Proof of stake (PoS) misinformation recycled The author recycles the myth that was first widely propagated by a Ripple-sponsored GreenpeaceUSA anti-Bitcoin campaign that PoS is "more environmentally friendly" despite the fact that 14 peer reviewed papers have showed that Bitcoin mining, solely because of its Proof of Work consensus mechanism, has considerable environmental benefits. Academic work has also shown that PoS "cannot offer these features" source: 2. "E-Waste: A Growing Concern" The author perpetuates the myth first circulated by Central Bank employee Alex de Vries in an academic commentary (not a properly peer reviewed paper) that has since been debunked. Contrary to what the article claims, Bitcoin has been heralded by ewaste recyclers including ERS International to be "the only type of ewaste that is both consistently profitable, and consistently straightforward to recycle. ERS International also said that "No parts from a recycled Bitcoin miner end up in a landfill." 3. Fossil fuel misinformation The article misleadingly claims without context or evidence "Much of the energy comes from fossil fuels". This is again a poor take: Bitcoin is like eVs a fully electrified technology with no direct emissions, and which obviates more fossil fuel dependent predesessors (combustion-engine dependent transport with eVs; banking and gold mining in the case of Bitcoin). However until eVs and other industries, Bitcoin mining uses a far higher percentage of renewable energy (56.7% according to Digital Assets Research Institute, 52.6% according to Bloombert Intelligence). Source: 4. "The IMF paints a concerning picture of Bitcoin emissions" ... "0.7% of emissions by 2027" Imagine not realizing as an author that the IMF is a conflicted source, whom Bitcoin threatens at an existential level in 5 ways. It's an astonishing level of lack of critical thinking, akin to a journalist announcing without irony "Horse and Buggy Industry find risks in the Automobile." source: Further, the IMF projections are based on flawed data from CCAF, which currently overestimates emissions by at least 2x (source: DARI, , then applying further flawed projections to arrive at a baseless and artibrary number. (source: 5. "Govt's hand" The author suggests that govt regulations can help "green Bitcoin mining" without evidence, ignoring the data that tells us Bitcoin mining went from 33% to 56.7% sustainable energy use in under 4 years without any need for govt regulations. 6. Error by omission The article make no mention that Bitcoin mining has been found in numerous studies to have significant environmental benefits, including helping stabilize the grid (Rudd et al), reduce methane emissions (Sechrest et al), obviate the need for gas peaker plants (Bruno et al), significantly reducing the payback time for solar investments (Hakimi et al), and accelerating the renewable energy transition (Lal et al, 2003). 7. Basic information awareness lacking Not only has the academic consensus left BNONews behind with 87.5% of recent papers on Bitcoin and energy highlighting environmental benefits to Bitcoin Mining (source: - incredibly, none of which are mentioned in the article, but 90% of sustainability media who write about Bitcoin mining have now come out supporting the industry (source: . Even 85.7% of mainstream media are now preferring to focus on the positive environmental side of Bitcoin mining (source: . Yet incredibly, BNONews, who was once the place you went on Twitter for Breaking News, now seems like the place you go to read misleading narratives that were debunked 2 years ago, that only they remain unaware of. Do better @BNODesk, @BNOFeed @BNONews. This sort of uninformed reporting both lowers both your reputation, while contributing to the loss of trust in journalism generally.