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 BIDEN ADMINISTRATION is crafting policy recommendations aimed at “lessening the energy consumption and emissions footprint” of Bitcoin and other proof-of-work (PoW) cryptocurrencies.
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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Source: Bitcoin Magazine, Trader University, and National Vanguard correspondents
The problem with “proof of work” cryptocurrencies lies with the fact that in order for it to fulfill the promised function of ledger security, it becomes a de facto “proof of stake” by ensuring that only those with sufficient cryptographic capacity (hash rate, which in practice means you have CLUSTERS of powerful computers, ample power to run them, and superior cooling capacity to most data centers) can win the hash race. Mining pools can only partially mitigate this issue and that assuming the stakeowners of the pool are neither able to dominate it with such node clusters nor able to control the pool in any way by throttling work allotted to any nodes. Potentially, a network of pools working together might be able to force a fork. Since a fork… Read more »
Corporations/governments who hide, destroy nearly free energy inventions because they are “unprofitable” is bad for the environment yes?- this is a 100% jew trait.
A LED – light emitting diode for example is basically capable of harnessing Stellar radiation even at night. As there is voltage everywhere and in almost all places. So where are the eggheads? Oh wait it is not profitable to the jew to allow a simple device in a home/business to produce all its energy needs with a 50-100 year lifespan of said device.
You are assuming I know what you are talking about. I don’t. Or perhaps you’re high.
Wood gasifyer plans are even supplied by fema- that in itself should prove “government” is in bed with corrupted “corporations” for the detriment of White man and all Nations for that matter. Basically any government who accepts advice from jews. Read the free book Sumerian Swindle of how most jews operate. Instead of working with what nature teaches the jews think themselves above nature. I try not to ass-u-me anything dear friend. As for “being high”, been there done that moved on from that false “escape” mechanism hopefully forever. A modern “corporation” is always on the snoop for peon inventor’s inventions that will destroy their “planned opalescence” business model. They con most of the inventors with millions of dollars with a false promise their inventions will reach the “masses”. For… Read more »