TD₿: How Bitcoin Goes Carbon Negative by 2028 - (a Substack blog post) with Drew Mealey
TL;DR: Despite it’s reputation as a wasteful use of energy (Bill Maher, cough, cough) - the Bitcoin network acts as an organic environmental carbon credit subsidy system, enhancing green markets.
Hey Bitcoiners,
Contrary to popular belief, the Bitcoin network acts as an environmental subsidy and is among the most environmentally responsible ways for the financial sector to reduce energy consumption.
The Bitcoin network ONLY requires 1% of miners to use vented methane capture as its fuel source for the entire network to become emission-negative. Using vented methane as a fuel source is 10 times more emission-mitigating than flare gas emissions.
Thirty-five mid-sized venting landfills are all it takes.
Enjoy!
Tick tock next block,
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Quote of the Day
“Bitcoin has the efficiency of a dictator without the moral hazard of being human.”
- Obi Nwosu
Job of the Day
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Contract / Freelance
Department: Mining Repair & Service / Operations
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Ideal Candidates
Strong interest in building decentralized infrastructure
Knowledge of the Bitcoin ecosystem
Physically fit, able to lift 45 lbs. equipment throughout the day
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In the Headlines
Boltz Unveils BTCPay Server Plugin for Seamless Lightning Payments
Boltz has launched the Boltz BTCPay Plugin in open beta. It allows BTCPay Server merchants to accept Bitcoin over Lightning and automatically swap it to the Liquid Network non-custodial. The plugin's "Nodeless" mode uses Liquid Swaps for instant conversion from Lightning to Liquid upon invoice payment.
Boltz also enables merchants to swap Bitcoin back to the mainchain, with an integrated wallet system supporting both Liquid and mainchain wallets. Designed to ease Lightning node management, the plugin is in its early stages and may still have bugs, though it has already processed thousands of transactions.
Bitcoin Surges to $65,000 as Investors Pour $500 Million Into ETFs
Bitcoin surged past $65,000, reaching $65,325 for the first time since early August, marking a 3% rise over the past day. This rebound follows a drop to $53,000 in early September.
The price increase comes after the Federal Reserve cut interest rates, prompting investors to return to riskier assets like Bitcoin and U.S. equities. Since last Wednesday, $496.7 million has been reinvested into funds.
On This Day in Bitcoin History
2012 - The Bitcoin Foundation Was Officially Formed
The Bitcoin Foundation was established on September 27, 2012, as a nonprofit organization to restore Bitcoin's reputation after scandals and promote its adoption. Inspired by the Linux Foundation, it was funded by for-profit companies dependent on Bitcoin technology.
Founding members included key figures like Gavin Andresen, Charlie Shrem, Mark Karpelès, Peter Vessenes, Roger Ver, and Patrick Murck. The foundation aimed to standardize, protect, and advocate for Bitcoin, engaging with regulators and educating the public. Despite internal controversies, it significantly advanced Bitcoin's integration into the mainstream financial system.
Swan Shortie of the Day
Event of the Day
Bitcoin Amsterdam
Dates: October 9-10, 2024
Location: Westergas, Amsterdam
Following the landmark global Bitcoin Conference held in Nashville this July, where U.S. presidential candidates Donald J. Trump and Robert F. Kennedy captivated audiences, Bitcoin Amsterdam 2024 is poised to be another historic event in the global Bitcoin industry.
Exploring the future
This year's conference theme invites participants to delve into Bitcoin's future. Over the past 15 years, Bitcoin has evolved from an obscure digital experiment to a central player on the global financial stage.
This event, which will include plenty of educational sessions and opportunities for networking, focuses on shaping the future of the Bitcoin ecosystem.
With an expected attendance of 5,000, Bitcoin Amsterdam 2024 is one of Europe's most significant Bitcoin events this year. Last year's conference featured notable speakers such as Edward Snowden and Eva Vlaardingerbroek.
This year promises other influential voices discussing how freedom, finance, and technology converge in Bitcoin. Among the first speakers announced are Jack Mallers, CEO of Strike, and Stella Assange. The lineup is expanding daily, and more speakers will be unveiled in the coming weeks.
Secure your spot: Tickets and updates.
As excitement builds, ticket prices will increase as the event approaches. Attendees are encouraged to secure their tickets early to participate in this pivotal conversation on Bitcoin's future.
For more details, to purchase tickets, and to stay updated on speaker announcements, visit: Bitcoin Amsterdam 2024.
Not in town for this? Check out all the Bitcoin events at bitcoinerevents.com.
Meme of the Day
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