TD₿: The Questionable Ethics of Bitcoin ESG Junk Science by Level39
TL;DR Bitcoin receives disproportionate media coverage over its tiny fraction of a percent of global emissions and relatively inconsequential environmental impact.
Hey Bitcoiners,
Another day, another unprovoked attack from an altcoin promoter in the mainstream media. This time it comes from the altcoin founder, Chris Larsen, of Ripple.
Apparently, Chris has found some free time to get away from his ongoing SEC investigation to slander Bitcoin in Bloomberg.
Below is an excerpt from the hit piece:
Not only did Chris fund this campaign, but he also went as far as to recommend changing Bitcoin’s code to be more environmentally friendly…good luck with that!
Of course, the attack is based on exaggerated claims, deceptive arguments, and flawed academic studies. By pushing junk science to generate public outcry against something that amounts to a minuscule amount of total energy use, one can only conclude that the ESG community is acting unethically.
This makes sense when Chris here is leading their charge. He’s currently under SEC investigation for allegedly raising $1.3 billion through an unregistered securities offering and dumping millions of dollars worth of his personal XRP holdings onto retail investors.
Level39 broke down how unethical Bitcoin critics use ESG junk science to slander Bitcoin in this great article (03/11/2022).
The real story here is that Bitcoin’s success makes Chris’s centralized altcoin irrelevant.
This is nothing more than a desperate attempt by an individual with a history of questionable ethics to slander Bitcoin for his own personal gain.
Tick tock next block,
Cory Klippsten
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