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@ 3eppo
2025-04-29 20:23:24
What is more powerful than any subsidy, regulation, or sanction?
Incentive systems in a free market.
Bitcoin mining stabilizes power grids and creates market-based incentives for the expansion of renewable energy:
• Over 52% of mining activities already use emission-free energy – and the trend is rising.
• The actual net emissions are only about half of the figures often circulated in less technically sound media sources.
• 5.5% of total emissions are offset through targeted methane mitigation – by mining with captured landfill or oilfield gas. In many cases, this even results in a negative CO₂ footprint.
• Mining is often criticized for producing electronic waste: however, 87% of mining hardware is recycled or reused – all without the need for government-imposed deposit systems. ( A gentle nod to the EU bureaucrats)
• While electricity consumption has doubled over the past four years, the hashrate has increased by a factor of 4.5. ➔ This means massive efficiency gains. Innovations in mining hardware are driving the broader computer industry forward – especially in the fields of high-performance chip design, cooling technologies, and energy optimization.
• Furthermore, Bitcoin miners actively contribute to grid stability: in 2023 alone, more than 888 GWh were saved globally through flexible load curtailments. Mining is thus one of the few industries that can adjust its energy consumption quickly and reliably – a key advantage for integrating renewable energy sources.
True innovation does not emerge through coercion or centralized pressure, but through the free unfolding of individual initiative:
People striving to deliver better quality with fewer resources in a competitive environment.
Bitcoin embodies this principle – the natural state of a free market is deflationary, efficient, and sustainable, without subsidies or state interventions.
The state, financed by coercion and shielded from the discipline of the free market, can by definition neither act efficiently nor foster true innovation.
Bitcoin therefore stands not only for technological innovation but for the reclamation of economic freedom – and thus for prosperity, progress, and the advancement of free societies.
#Bitcoin #ProofOfWork #Sustainability #Energy #Innovation #Freedom #AustrianSchool #Nostr #FreedomTechnology #FixTheMoneyFixTheWorld #SeparationOfMoneyAndState
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