Naive? Let’s see who wrote that obviously biased account of Texas BTC mining you linked…
Techtransparencyproject.com? Nice official sounding name…but there’s another layer and motivation.
“Tech Transparency Project
is a research initiative of Campaign for Accountability, a 501(c)(3) non-profit, nonpartisan watchdog organization that uses research, litigation and aggressive communications to expose how decisions made behind the doors of corporate boardrooms and government offices impact Americans’ lives.”
So who is “Campaign for Accountability”? I’ll tell you, 3 Political “consultants” who’s motives are pure and unbiased I’m sure. (Sarcasm if I need to spell it out).
Their board of Directors:
Robin Brand
“Robin Brand is the president of RMB Strategies, a political consulting firm. Previously, she held leadership positions in the
Victory Fund and
Gill Action.”
A person with no technology background but one with interests in attacking the political leadership of Texas.
Nick Hackworth
“Nick Hackworth is the president of M Street Solutions. He has over a decade of experience in all levels of political research and most recently served as Director of Strategic Research for President Obama’s successful re-election campaign.”
Hmmm….maybe a pattern developing here…
Ben Fortney
Ben Fortney runs digital communications operations for the University of St. Augustine. He has almost two decades of experience in online advocacy and engagement for mission-driven organizations.
A shadowy guy specializing in “digital communications “? No way he could be the writer for hire to promote a political narrative to dupe the truly naive? Right?
Here’s the deal.
I look at the security history of BTC and the growth of the network and have come to the conclusion that it’s secure. Many highly technical companies and individuals and governments have come to the same conclusion.
Maybe we’re all wrong, maybe not.
If you’re not there, no problem. You are free to sit back and watch “naive” investors like me lose money and depend on the Jamie Diamonds of the world to control the money you earn.
As for the energy usage, Bitcoin miners pay their way. The asset is not asking for a free ride. Let the free market determine if Bitcoin has value. (I’ve already noted some of the positive impacts of BTC mining).
In short, Bitcoin is for everyone, but NOT for everyone.
Everyone, do your own thing.
1 BTC still =1 BTC.