Washington Regime Hoping to Cripple ‘Proof of Work’ Mining
Proof of Work is the world’s best network security system and has the potential to set people free from Jewish banking; Proof of Stake just means ever-increasing control by the rich. The excuse they will use to try to re-enslave us is that Proof of Work ‘uses too much energy’ and is ‘bad for the environment’; in reality, the Jewish usury/tyranny system and the bloated military it depends upon, use far, far more energy than Bitcoin’s Proof of Work network.
- The White House is drafting policy to address bitcoin mining as it seeks to lessen energy consumption and emissions.
- In March 2022, President Biden signed an executive order in a “whole of government” approach to regulate the broader cryptocurrency market.
- Per the executive order’s timeline, a report is expected to be released in August detailing climate impact and other governing concerns.
The principal assistant director for energy for the White House Office of Science and Technology Policy, Costa Samaras, offered some insight into the impending policy attempts.
“It’s important, if this is going to be part of our financial system in any meaningful way, that it’s developed responsibly and minimizes total emissions,” Samaras reportedly said. “When we think about digital assets, it has to be a climate and energy conversation.”
Regulators were tapped by President Biden’s administration earlier this year in a “whole of government” approach to understanding and regulating the broader cryptocurrency space as Biden signed an executive order. The order set timeframes, most within a 120 to 180-day period, to publish reports in conjunction with other governing bodies intended to guide the administration through a “largely misunderstood market.”
According to the report, the Energy Department, which issues many of the efficiency standards likely being discussed, did not provide comment on the matter of PoW-based cryptocurrencies like Bitcoin. However, Samaras offered his spin on the matter.
“We need to think about what would be the appropriate policy responses under a world that shifted to proof-of-stake, or a world that has some continuous mix of proof-of-work and proof-of-stake,” Samaras said. “Proof-of-work is energy-intensive by design, but it also increases security.” No kidding, Sammy.
A report geared towards “uncovering emissions, noise pollution, and energy efficiency for differing consensus mechanisms” and the possible revival of “fossil fuel-intensive mining methods” is expected to be released this August following the timeline of the aforementioned executive order.
Matthew Kratter, of investment education firm Trader University, stated in one of his regular video tutorials that a “switch to Proof of Stake” as apparently envisioned by the regime is an attempted power grab — and an effort to herd investors back into a system controlled by elites. Proof of Stake gives more power to the wealthy and to existing elites, including central banks, he emphasized. Proof of Work does the opposite and enables a permissionless and uncensorable money system.
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