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Home » Bitcoin’s Environmental Damage: “The threats are those who do not understand Bitcoin”

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Bitcoin’s Environmental Damage: “The threats are those who do not understand Bitcoin”

Joy Dahunsi
Last updated: June 18, 2021 7:55 am
By Joy Dahunsi
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Michael Saylor, MicroStrategy CEO talking on Bitcoin’s environmental damage said the problem isn’t bitcoiners but those negative headlines about mining.
Bitcoin’s Environmental Damage: "The threats are those who do not understand Bitcoin"

The CEO of MicroStrategy Michael Saylor’s comment at the new Bitcoin Mining Committee meeting on Wednesday seemed to summarize the essence of the event, which was attended by more than 7,000 listeners on Twitter Spaces and they tried to complete it.

Several specific steps were discussed this time. On the contrary, this meeting became another way for Bitcoin industry representatives to express their dissatisfaction with claims that Bitcoin mining is harmful to the environment.

For example, Perianne Boring, President of the Digital Chamber of Commerce, said: “One thing that drives public policy is the narrative of the media.

The headlines have driven conversations in Washington and the state and public policy circles.

We really sounded the alarm towards the end of 2020 when we saw a huge outtake in negative reporting of bitcoin mining.

When you have a series of stories and headlines, misinformation, false narratives, we will see the reaction from a policy perspective.

“Saylor said that the responsibility of the Bitcoin Mining Council is to provide a “sharing, collaboration, and information-rich space which one can learn about the benefits of mining Bitcoin.

“He also said that lack of ‘information space’ or reading headlines has led politicians to take action against cryptocurrencies.”

Bitcoin has an external threat,” Saylor said. “ the threat isn’t Bitcoiners talking to each other. The threats are those who do not understand Bitcoin. “

TAGGED:bitcoinEnvironmental damageMicroStrategy
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