Future of Bitcoin Mining Hinges on Community's Response to Damning UN Report
Last month the United Nations published a report titled Impacts of Mining Bitcoin on Water, Environment & Land, a striking indictment of Bitcoin's energy use and second order effects which, according to the UN and a Doge coin historian known as Digiconomist who works for the Dutch Central Bank, are devastating for the climate and humanity's future.
The report, like every UN report, will determine domestic policy in the U.S. and all other member nations. According to Bitcoin Bugle's Chief UN correspondent, "It's an open secret that when the United Nations announces a policy goal, the international community mobilizes to implement it in their domestic legislative assemblies without delay."
In order to understand the impact of the UN's influence over the international community one needs to look no further than their work regarding the Israel/Palestinian conflict. Since its formation in 2006, United Nations Human Rights Council (UNHRC) has condemned Israel for its treatment of Palestinians 45 times. The Chief Condemnation Officer for the UNHRC said it's impossible to estimate the amount of lives these condemnations have saved but he told the Bugle he conservatively estimates that each one saved thousands of lives. "If the UNHRC existed in 1994, we would have been able to condemn the genocide in Rwanda. We could have prevented it entirely", he said.
With Bitcoin Mining's future in peril, the Bitcoin community has sprung into action in a race against the clock to debunk the UN report before Congress and parliaments around the world ban it forever. Leading the effort is Climate Change Scientist, Margot Paez (@jyn_urso). She has been working around the clock since the UN report was published attempting to reproduce the research published in the U.N. report. According to a recent X post by Paez, she is making progress.
Just an update on the UN study response...
— Margot Paez / jyn urso (@jyn_urso) November 6, 2023
What started as a simple response, turned into me concluding that the only way to get the best understanding of the methods behind the paper was for me to replicate the main component of the study, which is how they found their…
Progress is progress, but the clock is ticking. It's only a matter of time before Congressional committees begin discussing the report and recommending legislative changes.
