Lessons From Reason’s “The Fake Environmentalist Attack on Bitcoin” Mini-Doc

Phenomenal piece by Reason Magazine. We at NewsBTC have been countering the Bitcoin is bad for the environment narrative for a while now. Now, we have a new tool. A short and sweet documentary that rests on a devastating premise. “Such environmentalist attacks on bitcoin are best understood as a strategy by economic, media, and political elites to undermine a powerful new form of money that they can’t control.” Boom! That’s exactly what’s happening. Related Reading | Bitcoin Mining Vs. The World: BTC Leads Sustainable Energy Let’s explore the idea further, but first, let’s let Reason Magazine define who they are and what they stand for: “Reason is the planet’s leading source of news, politics, and culture from a libertarian perspective. Go to reason.com for a point of view you won’t get from legacy media and old left-right opinion magazines.” You’ve been warned. This is the perspective you’ll get from this article and from “The Fake Environmentalist Attack on Bitcoin” Mini-Doc: The mini-documentary starts with the filthy propaganda the state usually serves: “Cryptocurrencies like bitcoin are terrible for the environment,” declares Sen. Elizabeth Warren (D-Mass.). “It’s an extremely inefficient way of conducting transactions,” pronounces former Federal Reserve Chair and current Treasury Secretary Janet Yellen. “It’s a way to both hide dirty money and destroy the environ...