المنشور

No Elizabeth Warren is not a champion of the downtrodden against the power of "Big Crypto" Let the record remind us that she is a big-bank funded politician who launched an "anti-crypto army" (a move which contributed to the Democrat party losing the last election and prompting the need for entire Bitcoin and crypto community to get political in the first place to stop the debanking, the vilification and the misinformation). Here are the receipts of Warren's past statements about Bitcoin mining alone For context, Bitcoin mining has been found in multiple peer reviewed studies to help stabilize grids, accelerate green energy adoption, monetize stranded renewable energy. Other independent studies have showed Bitcoin mining to reduce community power prices, safeguard against instability caused by AI, and mitigate environmentally harmful methane emissions. She also on multiple occasions mischaracterized Bitcoin's demand response (which IEA has said as critical to the green energy transition) as a habit for bitcoin mining companies to "collect subsidies ...[to] shut off their mining operations and do nothing." She then used these factual errors and mischaracterizations to request commercially sensitive information from miners with a "comply of be fined $10,000/day" notice, which required a court injunction to block There has been no retraction, no apology, no accountabilty for the multiple statements that have been shown to be factulaly inaccurate. Warren on Bitcoin mining: "Bitcoin mining consumes roughly the same amount of electricity as Washington state—putting pressure on our power grids and worsening the #ClimateCrisis." (X, 7 Sept 2021) "We need to protect our planet and crack down on environmentally wasteful crypto mining practices." (same post) "Bitcoin's estimated annual power consumption increased more than threefold between the beginning of 2019 and May 2021, rivaling the total energy usage of countries such as Denmark, Chile, and Argentina, and comparable to the entire energy consumption of Washington State." (letter to Greenidge, 2 Dec 2021)