Michael Saylor slams "misinformation" about Bitcoin's energy use
Michael Saylor claims Bitcoin mining could become a clean, profitable, and modern industry that generates hard currency for remote locations in the developing world. Ahead of Ethereum's (ETH) transition to proof-of-stake, Bitcoin (BTC) maxi Michael Saylor has come out swinging against what he says is "misinformation and propaganda" about the environmental impacts around proof of work (PoW) BTC Mining. The MicroStrategy executive chairman, who recently stepped down as CEO, shared a lengthy post on his Twitter account on Sept. 14, detailing seven of his "high level thoughts” on BTC mining....
Related News
Elon Musk and Michael Saylor attended a private meeting with North American bitcoin miners to propel renewable energy use.
Due to the Ethereum Merge, criticisms emerged using the Proof-of-Work consensus mechanism, while hyping Ethereum’s shift from PoW to PoS, many played down BTC. The reason has been the primary crypto operation on PoW. Hence, information concerning BTC’s energy consumption for the mining process skyrocketed. Related Reading: Why Crypto Regulation Puts CFTC In Crosshairs With […]
Michael Saylor has provided more context on the Mining Council, and hopes to combat the anti-crypto narrative with greater Bitcoin mining transparency. MicroStrategy CEO, Michael Saylor has explained the details and thinking behind the formation of the Bitcoin Mining Council.The council was formed on May 25 after Saylor brokered a successful meeting between Elon Musk and several top North American Bitcoin mining firms. The miners involved will provide current and planned renewable usage transparency, and will lobby other mining operations across the globe to do so as wellMichael Saylor....
Michael Saylor, CEO of MicroStrategy, applies his training in thermodynamics to Bitcoin in an exclusive interview with Bitcoin pioneer and futurist Austin Davis The financial and economic narratives surrounding Bitcoin (BTC) barely scratch the surface of what makes the digital asset so unique, according to Michael Saylor, CEO of MicroStrategy. In an exclusive interview with Austin Davis for Cointelegraph, Saylor calls Bitcoin “a masterpiece of monetary engineering,” and one that will likely go down in history as the world’s “first engineered monetary network.”“Once you understand money is....
A letter authored by Michael Saylor, Jack Dorsey and other members of the Bitcoin Mining Council was sent to the EPA refuting energy FUD about mining bitcoin.