dsbatten
Daniel Batten

I debunk Bitcoin FUD with data. My newsletter —> danielbatten.substack.com

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Dsbatten@nostrich.love

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Last Notes

2024-09-16 14:49:40

A number of people asked if I’d be doing an investigation into the recent articles on Bitcoin mining and noise.
I've been gathering data for a couple of months. The results are now in, and it's quite a different story to that told by
Time Magazine and others
👇
https://batcoinz.com/the-noise-about-bitcoin-mining-noise-a-critical-view/

2024-09-05 13:42:05

Great to see our research on landfill gas powered bitcoin mining getting some coverage
https://www.powerengineeringint.com/renewables/how-bitcoin-mining-can-mitigate-methane-emissions/amp/

2024-09-01 00:10:04

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Best analogy I’ve seen for US politics.

2024-08-31 02:31:12

Sovereign wealth Fund adoption could drive the next bull run
21k views which is a nice number for the interview Nik and I did.
https://www.youtube.com/watch?v=VdgW3drkjQ4&t=25s

2024-08-31 02:28:17

Life is full of surprises. I've just had a personal win I never imagined, my first time as an co-author of a piece of peer reviewed academic work.
The article, in Journal of Cleaner Production (Impact rating: 9.7) shows Bitcoin mining can profitably reduce landfill methane, where other technologies cannot
It’s also 10 out of the last 11 papers on Bitcoin mining showing environmental benefits. Great work Murray Rudd and Dennis Porter who did most of the work in this paper.
https://www.sciencedirect.com/science/article/pii/S0959652624029652?via%3Dihub

2024-08-23 17:21:26

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Www.artofliving.org.
I tried out a few meditation and breathing techniques. This was the one that stuck and resonated with me personally.

2024-08-23 02:05:07

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Yes. SKY breathing followed by Art of Living meditation daily.

2024-08-22 23:20:57

Here’s my interview with Pomp on Sovereign Wealth Fund Adoption. The topic seems to be generating a lot of interest.
https://www.youtube.com/watch?v=cFDRzs2lbEY

2024-08-22 18:32:13

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One of the best interviews I’ve seen. You’re both doing such important work.

2024-08-20 21:11:18

Who’s coming to Amsterdam? https://image.nostr.build/c299f1c33a52ab826d9c7f87d8c9b50025e119ed96d260ee62a6103961a7c058.jpg

2024-08-18 04:13:56

This is not a bad 5min TL;DR if you don’t have the 39mins to go thru the full podcast.
https://www.newsbtc.com/news/bitcoin/sovereign-wealth-funds-bitcoin-148000/amp/

2024-08-18 04:12:31

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Thank you 🙏

2024-08-18 03:55:51

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Thanks Steve. I’ve learn to slow down a bit over the years, in speech and action. Coming from Nz and riding motorcycles was a recipe for going too fast in each respect !

2024-08-18 02:55:10

Just did this podcast on the Bitcoin Layer with Nik Bhatia.
My work doesn’t normally get more than a few thousand views. But this one had 17k views - in the top 10 most viewed out of 275 on the Bitcoin Layer channel.
Thanks for all those who took the time to watch it, and for the very encouraging comments.
https://www.youtube.com/watch?v=VdgW3drkjQ4&t=621s

2024-08-17 22:17:31

Of the IMF's proposed 85% tax on crypto-mining, The Bitcoinist
( @bitcoinist on Twitter, not on Nostr) just wrote:
“The suggestion by the IMF is in the right direction"
Source: https://bitcoinist.com/imf-proposes-85-tax-increase-for-crypto-mining/
Speechless https://image.nostr.build/220441ac0ffacbdeba25bac0f94954c462bfdc095215039c4117d309bc790731.jpg

2024-08-14 17:39:01

Issue #18 of the ESG Forecast is out. Check your inboxes and spam filters
https://www.batcoinz.com/p/should-bitcoin-mining-companies-only

2024-08-13 21:16:58

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I’ll message you some ideas

2024-08-13 20:42:47

“To know and not to do is not to know”
10 years ago I made a life-changing decision.
I was coaching the leaders and sales teams of large corporates. I’d worked with major corporates including most of the country’s largest banks and Telcos. But a big shift was about to happen.
I never forget the moment. I was in the office of the L&D Manager of one of those corporates. He asked if we could come back and do some “refresher” sales training. For context, 2 years earlier, we’d run a 5-day sales and mindset training session that had yielded exceptional sales results and won a number of awards.
“So what happened after that sales training?” I asked. As an associate, I didn’t see the long term results. Nor did the company that provided the training specialise in embedding change: it doesn’t fit the business model of most training companies because each day you book out time for an hour long piece of coaching is a day you can’t book them out as a trainer at a much higher rate.
He shuffled in his seat a little uncomfortably. “Well”, he proffered. “We had great intentions, and don’t get me wrong, the uplift in sales was enough to pay for all your training easily. But after a few months people started going back to their old habits, and those people who were supposed to support the changes got deployed onto new projects. So that’s why we thought some refresher training would be timely.”
Within 6 months, I’d stopped all corporate training. My last illusion that I was creating any lasting impact had been removed. I was grateful to him for shattering my illusion.
I knew what I wanted to do, but I had no idea how to do it.
But then I realized I did know what to do. It was to do something I’d already done that had worked.
While corporate training wasn’t my life’s purpose, it was rewarding because I learnt a lot of skills that I was able to repurpose into my own coaching years later. Plus the many hours of facilitating helped me hone my craft. Kind of like the Beatles playing Hamburg gigs before they took the world stage.
I had only gotten that far in the first place because after leaving my corporate job, I got my own coach who helped me get into doing what would eventually become my life’s work.
So I used the same strategy. I got a coach to help me get out of corporate training, and into whatever I wanted to do - even though I wasn’t sure what that was.
One of the first questions she asked was “Who do you really want to work with”. At the time it was technology entrepreneurs (and that still is one of the communities of people I serve). But what I said was “Tech entrepreneurs, but there’s no business model doing that. They are cash-strapped startups”. She smiled. She challenged my limiting beliefs. And we built a new model that brought top coaching (not just mentoring) for the first time in the world to founders of early stage tech companies. That decision to get a coach, doing something I already knew worked, changed the direction of my life and that of many others I coached. And because they consistently applied what they learned, they never needed “refresher” training.
Sometimes we fail to use the same strategies that have worked for us in the past, believing that we need to continually create new strategies. Not so. Much of the work I do with clients involves mining their experience for things they have already done and stopped, or are doing inconsistently, and making those winning strategies they already know both contemporary and consistent.
The results have been incredible. If you want more peace, and you’ve already experienced it through meditation, restart meditating. If you want to feel more energy on a daily basis and already know that when you exercise regularly you feel more energy, recommit to daily exercise. If you have a dream you haven’t watered for a while, but you already know that when you give attention to it daily it grows, start giving it your daily attention again. And if you know that doing this with a coach creates faster, more consistent results, get a coach.
The ego loves complexity. The mind loves what’s new. But most of our answers are found in the simple application of the already-known. To know and not to do is not to know.

2024-08-07 02:17:12

Our analysis of the NYTimes report of a China mining ban shows it was falsely reported.
https://bitcoinmagazine.com/markets/bitcoin-mining-was-never-banned-in-china https://image.nostr.build/53ead5f1e2922ef21a6b220d80dfc855c3eebd1b69cd72308f0df929450f4e95.jpg

2024-07-26 17:53:42

Sovereign funds AUM is $35Trillion
A 1% deployment into Bitcoin at today’s “Market Cap Gain Per Dollar Invested” of $4.54 would revalue Bitcoin at $148,400 per coin.
Their only blocker has been their ESG Investment committees
Probably nothing

2024-07-23 04:09:24

The time has come for the silent Bitcoiners in the cubicles of corporate life, in the halls of academia, in the office blocks, in the news media rooms, and in the corridors of power to show your colors.
Today, Troy Cross and Andrew Perkins published a seminal report showing us beyond doubt that Bitcoin cuts right across the political spectrum. It is a tool for everyone.
Why did this surprise us? Perhaps because some have remained silent. Silent through fear of what showing their true (orange) colors would mean.
I faced a similar fear years ago. I almost stayed silent too. And it almost cost me my freedom.
I wanted to be an actor when I grew up. But I got married early, and in my early 20s while I was doing postgraduate study I had kids. It was like a switch flicked in my brain. I suddenly started thinking about “earning a living” for the first time in my life. I had an Arts Degree and a Diploma in Drama, yet I ended up as a software developer for an early Internet startup.
The whole time I was in the IT industry I felt like a fraud. I felt I was only there because I needed to support a family, but my real passion remained acting.
Years later I started my own tech company which did quite well, then after that I left to start coaching technology entrepreneurs. I wasn’t working directly with technology, but I wasn’t following my passion either.
My coach picked up on it and asked “what do you really want to do this next retreat you’re running for these CEOs?”
I sheepishly admitted “I’d like to do theatre improvisation with them” then quickly added “But I know that I could never do that.”
“Why?” he challenged, as any good coach should
“Come on coach” I said “These are highly left brain analytical engineers and tech gurus. There’s no way they’ll be into improv. They’ll think its weird. It’s a super high risk move, and it could ruin my credibility with a bunch of people I’ve been slowly building up respect with”
He paused and said “What if that’s what everyone has been assuming, but their being left brain dominant is exactly why they need improv?
"Daniel, they trust you. That’s why they’re part of your group. If you love it, they will love it. And I bet its exactly what they’ve been crying out for.
"Besides, you’re encouraging them to take bold moves as entrepreneurs right?"
“Absolutely” I replied
“Well what sort of chance have they got if their leader doesn’t role model to them what that looks like?”
He had me. So, nervously I started planning to do theatre improv with them. Not “give them a book on improv” like some Silicon Valley companies do, but actually do full on body-contact improv like crazy acting students do.
I never forget our first session. We could not stop laughing. I saw a whole new side of them. They saw a new side of themselves. Even the wife of one of them thanked me for the change in her husband.
Not only did we have outrageous fun, but the results of the creative exercises we did flowed directly and measurably into the boldness and creativity of their subsequent business decisions and conversations.
Still to this day, the one thing past entrepreneurs say is “Man I miss improv”.
And … I had a blast too. For the first time I’d found a way to integrate my love of acting into my work as a coach, in a way that enriched the lives of others beyond entertainment.
A part of me would have remained forever unexpressed, unintegrated had it not been for the encouragement of my coach to come forth and declare my true colors.
I'm forever grateful to him.
Today, I encourage you as a Bitcoiner to do the same, as my coach once did. Not because it will help Bitcoin. But because it will help you. It will help you feel more full, more authentic. It will be like a deep outbreath you've been longing to take. And like me, the fear you feel is proportional to the breakthrough on the other side.
Fear is an acronym for “False evidence appearing real”. All those fears I had of how people would react were completely unfounded. The truth was, it was my ego that would scared of “what would people think of me” that was keeping me playing safe and playing small. As a result it was denying both others, and me of growth, and of joy.
I was at the decision point where I could listen to my ego … or I could grow. I could only choose one path.
So those fears of how people will judge you declaring you are a Bitcoiner, how do you know? If people judge, so what? Look back to other times you’ve spoken up for what you believed in. How many times did others thank you for your leadership? And even if they don’t - so what?
As Bitcoiners we talk a lot about freedom. But Bitcoin cannot free you. No technology can. Bitcoin is merely the catalyst that brings you to the point where freedom is possible. But the act to choose freedom is yours and yours alone. If you live in fear of what others may think, you are not free. Conversely, the moment you decide to step forth and bring forth what you believe in, whether it is improv … or Bitcoin - you become free.
The stage is waiting.
The time is ripe.
Show your true colors.
Speak your truth.
And then share with others how you can’t believe you waited so long.

2024-07-21 05:11:30

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I was there last week and popped in to the office to meet Lee and Frances.
Doing great work !

2024-07-20 07:06:19

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I’m the same! Thanks for appreciating this detail.

2024-07-20 07:05:35

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Your reply makes the time invested to write this down worthwhile by itself. 🙏
Thanks for your commitment to yourself.

2024-07-20 07:03:46

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Great reflections. Sounds like an experiment that’s worth running!
Tim Ferris says that at these decision-points, simply asking “what’s the worst that can happen?” And “what’s the best that can happen?” Can guide us to the right option for us.

2024-07-20 04:18:32

A short story about letting go, Bitcoin, and fate.
How did this happen ???
Today, I'm living in Costa Rica, consulting to some of the world's top Bitcoin companies, asked to speak at conferences around the world on Bitcoin mining, and regarded as one of the key forces behind the narrative shift on Bitcoin and the environment.
Til now, I've not shared the story of how this happened.
My ego would love to say "I planned it", or say it was because of some special unique qualities in me. Neither are true. Sure I'm pretty good at analysing data. I'm also pretty good at communicating it back to people in a way that's meaningful.
But there are people much better at both of those things than me. So here's what really happened.
It was lock-down 3.0, 2020. Unable to go anywhere or do much, I went on an online meditation retreat. During that retreat I got an insight "reconnect with your friend Willy".
I did. It turned out in the 5 years since we'd chatted, he'd become a globally respected Bitcoin analyst. We chatted like no time had passed. I asked how he'd made the shift from running tech companies to researching Bitcoin. He shared his story "I had 2 months spare, and a burning question about Bitcoin, and I just kept researching it until I got the answer."
Because of that, this happened. It was early 2022. Bitcoin was getting hammered in the press for its environmental impact. It was reported to have been banned in China, and Telsa had ditched it, both citing environmental concerns. I held a small amount, and was on the point of ditching it too.
But just before I did, I had a chance conversation with Vlatko, an environmentalist entrepreneur who'd started a climatetech company I'd invested in. He suggested I research it deeper before making the decision.
As I sat down to meditate that evening, Willy's words invaded my tranquility "I had 2 months spare, and a burning question about Bitcoin, and I just kept researching it until I got the answer."
That's when the second insight came: I needed to do the same.
I cleared my diary and did something I'd never done: I researched for no other purpose than to get an answer. I worked long hours. I didn't eat much. I lost weight. I hunted down every piece of data I could about renewable energy, how grids worked, climate change, methane mitigation, Bitcoin mining, Bitcoin mining economics. I read the articles for and against Bitcoin.
Then I spoke to renewable energy engineers, people actually doing Bitcoin mining, climate scientists, and grid experts. I extrapolated trendlines. I drew charts. I tested theories. I questioned sources.
Everything led to the same conclusion: Bitcoin mining, as with other disruptive technologies in their first years, had been poorly understood (and on occasions gaslit), yet it would likely follow the same trend as solar to become a net positive to the environment.
In fact not only that, it had the potential to become the most fast-acting form of climatetech the world had seen. All the other technologies we were investing in would have an impact after 2030. But this could have a substantial positive impact immediately on reducing methane emissions and building out the grid renewably.
Then something unexpected happened: the week after I finished my research, GreenpeaceUSA kicked off an environmental campaign against Bitcoin.
As a subscriber to Greenpeace, and someone who'd participated in actions with them shoulder to shoulder I was surprised. So I read the logic behind their campaign to see what they had discovered that I might have missed.
My heart sank.
They quoted studies that had been debunked, and were taking a one-sided view. It was clear they had not done even 5% of the research I just had, but rather had relied for the most part on some questionable accounts written by mainstream journalists, and the work of a certain central bank employee who’s models I had found lacked scientific integrity.
I felt this strong intuitive voice inside me say “you should write a response”. Logically I didn’t see any point. I had no active followers to speak of. And the last time I’d used Twitter was a decade ago where I would regularly get one “like” per ten tweets if I was lucky.
So I wrote a response on Twitter. I pointing out the errors in GreenpeaceUSA’s messaging. That one tweet changed everything. The post received over 600,000 views. I was asked to appear on two podcasts, and I was instantly connected to a global community of environmentalists, climate scientists, philosophers and renewable energy experts I didn’t know existed who, like me, had researched Bitcoin really thoroughly and realized it was an environmental net-positive.
There was one thing that sat uncomfortably with me though. Bitcoin was, or seemed to be, using a disproportionately high amount of fossil fuel. This made me reluctant to advocate too strongly for Bitcoin mining. But then, another intuition came: a very precise intuition “The Cambridge model that everyone relies on is not factoring in offgrid mining. That’s causing it to overstate how much fossil fuel Bitcoin uses.”
Yes, it wasn’t brilliant analysis, or research. It was a simple intuition I had that I followed. I still remember sharing “the Cambridge model does not factor in offgrid mining” with a twitter group I was part of. It was an out-of-character thing for me to say.
I had no evidence for this statement. But I shared it nonetheless. And thank goodness I did. A day later, a member of that group said “You’re right”.
He’d trawled through the Cambridge website and found in the fineprint of their methodology section an acknowledgement that offgrid mining was excluded. But not only that, they also excluded “methane mitigation”.
I was amazed. Buoyed by the fact my intuition had been accurate, I decided to do something crazy, that I never would have done if I’d known how much work was involved.
I decided to build a ground-up transparent model of Bitcoin mining, which used their data as a starting point, but addressed their inaccuracies.
This work required me to hunt down as many bitcoin mining companies as I could and validate their hashrate, power consumption and renewable energy mix. There was no shortcut, just a huge amount of phonecalls, surveys, emails and cross-validation.
Along the way, I made other discoveries about Bitcoin mining, how it was helping stabilize grids, reducing electricity costs through monetizing wasted renewable energy and just how much methane it was mitigating too.
I spent the bulk of each day for two years building the model and publishing what I was finding on Twitter. The response was overwhelming.
I was invited to speak at conferences and write articles. Michael Saylor started quoting my research. Leaders in the industry invited me to their podcasts. I had to start turning down ⅔ of all conference invitations, and podcast invitations. It was amazing, yet at the same time it meant that for two years I received very little income.
This was supposed to take two months, not two years. This was crazy. While I was flattered by the level of outreach, I couldn’t feed a family on podcast invites. And I hadn’t been looking for new coaching clients for ages, so while the work I was doing was some of my best ever, that lack of new outreach meant my business naturally started to atrophy. What was I supposed to do? My intellect was screaming "stop working for free". Yet I kept on doing more unpaid work, with most of my time split between Bitcoin research, and running volunteer breathing and meditation programs and followups for the The Art of Living.
Again my intuition, which was virtually yelling at me so as to be heard above my intellect, kept cajoling and encouraging: “Keep going. Don’t stop”
Eventually I finished, and to my great surprise, the model is now used in preference to Cambridge’s model by most institutions now, including numerous AI engines!
The shock is not that people find merits in the model: I know it is a more accurate model to Cambridge’s. My surprise is that so many other people would adopt it over such an established institution. I still don’t know how this happened.
Along the way, I’d also realized that my third climate tech fund had to involve Bitcoin mining on landfills: my research was showing me that the emissions mitigated per dollar invested were crazy: 45x more emission reducing than investing in solar infrastructure, and capable of good yields for wholesale investors also.
Problem was, I was in the wrong country for international business. With my business partners in the States, and landfill projects in LATAM, it was time to move. My wife was incredibly supportive, and my daughters were up for the adventure, so we relocated to Costa Rica.
Then the miraculous happened: my two worlds started to collide. A single tweet asking for some advice from the community on twitter led to the unintended, yet much appreciated, consequence of work offers within the bitcoin ecosystem.
I was offered an advisory role at a large publicly listed mining company, a research role at another company, and a job helping create a Bitcoin mining video to be sent to regulators the world round. Then Lisa Hough said to me “you’ve got a gift coaching people. Have you thought of coaching Bitcoin companies?” Remarkably I hadn’t. Yet it was so obvious.
One tweet later, a number of founders of Bitcoin companies enrolled to get coaching on gaining investment, growing their company, or navigating the challenges that come with running your own tech firm.
I don’t know what will happen next. I had no plan when I started all this, and I still don’t - other than to keep listening to the intuitive pull, and to keep meditating so that the stray messages get filtered out so I can hear that voice clearly.
But I have felt another intuition: “Bitcoin price is being suppressed because Sovereign Wealth Funds can’t adopt it. They can’t adopt it because their ESG investment committees are blocking it. You should talk to them and help them change their minds.”
Again I did some research, and again this intuition was right. A youtube video of Kevin O’Leary on What Bitcoin Did randomly appeared on my Youtube list that same night. I watched in awe as Kevin O’Leary confirmed every word of this intuition, and then some.
So apparently I’m going to start talking to Sovereign Funds and Pension Funds? I have no idea when and how. But that’s not my business to try and figure out. And any ideas I could figure out would be inferior to the divine plan.
I’m simply listening to a wisdom higher than my own, and beyond what I could have done through my intellect or my experiences. When president Nayib Bukele who has performed a social and economic miracle in El Salvador was interviewed recently he was asked about his economic plan for his country. With a twinkle in his eye he smiled and said “First, seek God’s wisdom”.
I found myself nodding my head. I knew what he meant. Whatever name we give to the power beyond us, we are not the doer, and knowing this opens us up to receive ideas beyond the conception of the rational mind.
So, content not knowing the path ahead but trusting it’ll be great, that’s what I try to do each day. https://image.nostr.build/2cd54708a448807360851a187f7934b290008acd0da23378a2e618cd42a50d25.png

2024-07-18 00:28:30

Just heard “Nostr can connect to HTTPS without a DNS dependency”
I know what each acronym stands for and what it is, vaguely. But I not techie enough to know why this is significant. What does this mean is possible that wasn’t before?

2024-07-17 22:41:05

Today, I'm publishing the results of 2 weeks research into the claim that Bitcoin mining has an e-waste issue
TL;DR: it's trash
Full story in the Bitcoin ESG Forecast 👇 www.batcoinz.com/p/017-what-really-happens-to-old-miners

2024-07-11 18:42:26

The Bitcoin ESG Forecast #016 is out.
It analyzes the connection between bad Bitcoin ESG data and price crashes.
Check your spam filters and emails.
www.batcoinz.com/p/issue-016-better-data-longer-bullruns https://image.nostr.build/a76d3d2d51db5c4b22f57c1d33fb9eb5d953983a757766f2b4034cb8a5c82734.jpg

2024-07-05 01:47:55

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Good question.
Tech companies can have some differences - like cap raising, and the focus on exit events. Depends a bit on what the product is and what some of the challenges and opportunities you’re facing are.
I’ll DM and we can chat a bit more.

2024-07-04 23:20:05

I just write this on LinkedIn and i thought to share it here too.
A place had opened up on my one year mastermind group coaching program.
If you’re the founder of a tech company, you’ve already done at least your first raise, you’re looking to scale the next generation of leadership and you understand - not through ego but because it’s true - that you are both the most important asset and the biggest risk to the success of your company, and this asset can be greatly enhanced and derisked through the right coaching, then this may be a fit for you.
The group is for highly committed people who want to give to as well as receive from a group of other highly committed tech entrepreneurs who will inspire you.
To my knowledge, this program that’s currently unique in the world in that it’s not just about strategy and advice, but growing the habits, mindset and skillset technology company founders who can lead companies through exits in a state of optimal resilience, and happiness while enhancing relationships with those in your life who are not part of your company: no 100-hour weeks and sacrifice of personal well-being!
Reach out if you’re sincere about knowing more. I’ve run these groups for more than a decade, and have had the honor of leading several through to exit (and their exits have been happy ones, made more likely through what they learned in this group).
If you’re keen at the end of our call, I’ll also help you directly and honestly position this so it’s an easy “yes” for your board to sign off on.

2024-07-01 16:57:37

Our first group coaching program for people working on Bitcoin projects is now full, but more people are still reaching out about it.
So we may start a second group in another 6 weeks or so. If you're interested, reach out.

2024-06-26 13:54:59

JUST IN: ECB announce first progress report on the digital Euro
Features:
- easier to surveil you
- easier to deplatform you
- easier to freeze your account
- “just trust us bro” level privacy
- limits on how much you’re allowed to hold in your account
https://www.ecb.europa.eu/euro/digital_euro/progress/html/ecb.deprp202406.en.html#/search/Security/1 https://image.nostr.build/ec003014564668393e8d3278aaab1b974ab878ceda3929190004b1540b60905b.jpg

2024-06-26 02:31:57

Julian is free.
In tribute, so is this edition of the newsletter.
... with a story as remarkable as his release that every Bitcoiner should know, because it fulfils Julian's vision for Bitcoin.
👇
https://www.batcoinz.com/p/issue-015-the-assange-edition

2024-06-26 00:40:36

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Powerful framing.

2024-06-25 13:41:12

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Yes that’s right. Training is more flexible. However at the moment that’s a small proportion of total AI load. Interruptible AI load will increase as Google/ Amazon / Microsoft continue to innovate.

2024-06-24 21:21:13

The Bitcoin ESG Forecast Issue #14 is out.
Check your email and spam filters.
www.batcoinz.com/p/issue-014-ai-vs-btc-whos-best-for https://image.nostr.build/92feb8c146bc014ee34a3bbb7b366efc34224e29770e9e3817b429086f52bfe5.png

2024-06-22 01:02:06

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*Orange pill

2024-06-22 00:42:55

3 hours is a long time. Long enough to orange pulled the person I sat next to on my flight. Not only that, she going to take it to her whole church, and also her cousin who is standing for the House of Representatives.

2024-06-20 22:24:58

Just spent the afternoon in Salt Lake City visiting the NodalPower and MARA bitcoin mining project on a landfill.
An incredible pot pourri of math, physics, chemistry, engineering, and economics. https://image.nostr.build/41124c1ac84e102c07628beeb699fb643280c181f6b33eff221fff64d880861c.jpg

2024-06-20 14:04:22

JUST IN:
International Business Times
says Bitcoin mining can help achieve “net zero by 2050,"
This is kinda big.
This is mainstream media channel, based in NY. It’s a well researched article on bitcoin mining, aware of contemporary research including
✅Cornell study showing bitcoin can create “a self-sustaining cycle for renewable energy expansion”
✅@dari_org study showing bitcoin uses 54.5% sustainable sources
✅Various studies showing Bitcoin mining can turn [wasted] “Excess Energy Into Economic Value”
Well done @marvbuzzilan for putting in the research hours.
https://www.ibtimes.com/southeast-asia-can-turn-excess-energy-economic-value-through-bitcoin-mining-expert-3734777

2024-06-20 05:52:27

Reflecting about intentions today. Here’s what strikes me
99.9% of intentions (to have a certain job, to go on this holiday, to have this relationship, to improve our body in some way, to create this project that positively impacts the lives of others) are formed from our experiences.
But our experiences are limited.
Therefore 99.9% of intentions are limited too.
This is why, even if they manifest, we do not feel free.
Faith is where our intentions are not conceived from our experiences.
The known is a shadow which shrouds the unknown from becoming seen.
Faith is love of the unknown.
The prayer of the faithful is “may my path be illuminated with the light of the unknown”

2024-06-18 21:24:21

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Awesome to hear. Thanks. I’ll be sure to send them your way

2024-06-18 15:22:42

Last month, a number of people suggested that since I’ve coached entrepreneurs for a long time, I start working with bitcoin companies.
I put out a message seeing who was interested and a number responded.
The people include
👩🏼‍🚀An bitcoin influencer successfully navigate a sequence of life transitions
👩🏼‍💻👨🏻‍💻2 bitcoin startups with their pitch and cap raise
🏦A bitcoin hedge fund owner refine their offering and attract more wholesale investors
It’s a lot of fun and they are getting some great results📈, so I’m going to launch a special group coaching program.
This will be for people who want to be in a group of other founders and influencers who are
✅moving the needle forward,
✅ lifting up others by your example
✅ highly committed
Jim Rohn once said you’re the average of the 5 people you spend most time with, so what if those people were amazing?
That’s the intention of the group. We meet once a week.
No more than 7 people on a group. I facilitate the group, answer coaching questions.
I’ve run these groups for 10 years, seen several exits and turnarounds as a direct result, and there’s no group of people I’d like to be successful more than people running bitcoin companies.
Before I ran them I was also part of such a group. It was an unforgettable experience which created not just results but amazing friendships I still have.
Reach out if you feel the pull, but you never believed something like this could be possible.

2024-06-18 14:53:10

"The only way to deal with an unfree world is to become so absolutely free that your very existence is an act of rebellion."
~ Albert Camus on Bitcoin

2024-06-18 01:25:59

Swan and Bevan Waite have just put together an incredibly produced video in why Bitcoin is good for the environment.
Check it out!
https://www.youtube.com/embed/sr-RGdbyRDQ

2024-06-16 22:51:31

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Absolutely Joe! Your callback to ask for an explanation of what digital photosynthesis meant was epic.
Keep up the great work/play!!!

2024-06-16 22:03:57

The bitcoin community is incredible.
I’m involved in so many collaborations right now. Most of them with people I’ve never met in person, only thru nostr or X.
The people I’ve met and have ongoing collaborations with include
- my business partner at CH4Capital, a fund that invests in bitcoin mining on landfills
- a group of German scientists who I’m writing a bitcoin mining paper on
- a group of engineers and researchers who have formed the Digital Assets Research Institute (www.da-ri.org)
- 2 bitcoin mining companies (one as an advisor, one producing research and content)
- 4 founders of bitcoin companies & bitcoin hedge funds that I’m coaching and helping to raise investment
- a group of small bitcoin mining companies I’m helping form collaborations with larger companies so they can leverage their access to capital markets and bulk purchasing power
- a group of larger bitcoin mining companies who I’m helping find sites for new bitcoin mining projects.
How is all this possible?
The simple answer is that in any other industry it would be Impossible. It would take too long to find the builders and ninjas. It would take too long to build trust.
Yet my experience in the bitcoin community is the exact opposite.
- There’s a massively high ratio of builders and ninjas.
- People are motivated by a mission bigger than them, which means ego is relatively low, and discretionary effort is very high
- people are by definition sharp critical thinkers. Which means I constantly feel surrounded by kindred spirits.
It’s spiritually uplifting, and that means that each new project creates energy rather than taking energy.
It’s also why bitcoin is unstoppable. It’s not just the superior architecture, the decentralised peer-to-peer protocol or the proof of work algorithm, although all those structures are absolutely necessary.
It’s the fact that on top of those structures are standing some of the most committed and generous people I’ve ever stood shoulder to shoulder next to.
Of the vast majority of people I’ve met, they are not talking about what they can get. They are talking about what they can give.
Imagine a whole society of peers like that?
I’m lucky that this is not such a stretch or such a dream for me any more.
As John Lennon once wrote “you may say I’m a dreamer. But I’m not the only one”.
As someone who never aspired to material acquisition, for whom the life of mortgage debt servitude and deadbeat jobs always seemed crazy, as someone who was offended by a system where you could get money simply by being close to the money and adding nothing productive in the process, yet who often felt alone for people the only person in the room who felt this way - it’s been a relief to find there are other people as crazy as me who dare to challenge their received wisdoms and dare dream that there is another way.
Thank you.

2024-06-16 20:40:00

German article dives into why a the new environmental narrative around bitcoin could drive the next bullrun for Bitcoin.
* Just click "English" at the top if you're non-German speaking
https://www.blocktrainer.de/blog/bitcoin-umwelt-soziales-neuer-bericht-belegt-narrative-mit-fakten https://image.nostr.build/cabe7f3f4e38f1dbe564d2671623fccf3a3e8c3bfb02c6889878a6c6fe7fcfa5.jpg

2024-06-12 13:56:18

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Looking forward to it!
The last report I saw was 3 years old and had a 45%/ 55% split liberal/conservative. But as we know, bitcoin is a dynamic system!

2024-06-11 04:40:22

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They are all within 10% of eachother once you factor in PUE consistently across all measures. Cambridge energy consumption has improved a lot since they updated their miner mix in Aug last year.

2024-06-10 14:48:33

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Triangulates energy consumption days from hashprice index, CCAF and Blockware which are in broad agreement now.

2024-06-10 05:57:57

We've arguably never had a chart that tells such an important story about Bitcoin mining and emissions.
This new chart, the result of 12 months research from the Digital Assets Research Institute (DARI) says: “Over 4 years, Bitcoin price and hashrate quadrupled, but emissions didn't grow", effectively ending the speculation that Bitcoin emissions will rise unsustainably in the future as the network expands.
www.batcoinz.com/p/issue-013-5-pretty-pictures-that https://image.nostr.build/2126cdc69b404f8b98a4091dd820d182cc1564e7bd3af8bcbda7f10a54fb8400.png

2024-06-09 04:14:23

Mining was never banned in China
https://www.crypto-news-flash.com/bitcoin-mining-thrives-in-china-despite-misinterpreted-ban/?amp=1

2024-06-01 18:34:16

The Digital Assets Research Institute (DARI) is live.
www.da-ri.org
This is a hub for high quality articles, mostly peer reviewed, on the social and environmental impacts of digital assets.
Why the need?: every nascent technology goes through a rite of passage where it is treated with suspicious and doubt initially. This happened with the Internet, before that the computer, and before that the bicycle, the printing press, even books themselves.
As technologies become better understood, the quality of scholarship and research into them improves, and old studies based on misapprehensions, or poor methodologies get debunked.
DARI is dedicated to rigor in digital asset research, to properly inform policy-makers, regulators and ESG investment committees with data-based insights on digital assets and their impact on people and the environment.
Enjoy!

2024-06-01 00:57:50

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Thank you ser !

2024-05-28 16:57:24

Bitcoin is the world’s first money you cannot get more of through violence, theft and counterfeiting

2024-05-24 14:16:12

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No one has offered GreenpeaceUSA $5M to run an anti-AI campaign.

2024-05-21 03:48:21

Issue 11 of The Bitcoin ESG Forecast: The Money Shot, is out now.
Check your email and spam folders www.batcoinz.com/p/issue-010-the-money-shot https://image.nostr.build/7249055ecd844f365943eb38040d361f10f92d791cdb1095c279ce0b6c7146f6.jpg

2024-05-18 01:22:05

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Nice idea. Excuse my ignorance, but how do I do that?

2024-05-18 00:01:20

Just put up a 99-second short video about my new project.
All constructive feedback welcome.
https://youtu.be/fT1zWppsfV0

2024-05-17 23:58:41

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Perhaps you’re right. Though community notes algorithms can also keep improving to counteract abuse and maintain trustworthiness.
Anyway, time will tell. In the meantime, they’re a very useful tool.

2024-05-17 18:18:30

Elizabeth Warren and community notes: a natural match
https://www.youtube.com/watch?v=TpwhDWE9IUw

2024-05-14 16:26:02

New FUD.
New community note proposed.
https://x.com/simonmundy/status/1789977741611209010?s=46

2024-05-14 04:52:44

A new FUD-busting video has just been released
This is a good one to share with those new to bitcoin mining. Particularly those who may have been influenced by a report by GreenpeaceUSA that was full of errors.
It objectively & unantagonistically outlines the mistakes GreenpeaceUSA make in their position on bitcoin mining
The presenter is Roger Detente (@CapCrafterUS on X)
https://youtu.be/eR-LwmxuJec?si=qRzRMEfT1QZ0dQNP

2024-05-13 23:14:45

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Nice one. Done.

2024-05-13 22:37:54

I’ve just launched a new geyser fund project.
What do you think. Is this something valuable? Are there other things you’d like me to be working on that would be valuable to bitcoin as a whole?
Whether it’s ideas, encouragement or contributions to a project - everything makes a difference.
https://geyser.fund/project/establishingbitcoinasearthstopesgasset

2024-05-03 12:01:09

Bitcoin mining is to energy independence as Bitcoin is to monetary independence

2024-05-03 06:27:05

The Bitcoin ESG Forecast #10 is now out
Featuring: Nation state mining profits eclipsing El Salvador's profits from their Bitcoin investment strategy.
www.batcoinz.com/p/issue-010-the-rise-of-nation-state https://

2024-04-30 08:53:08

“If you wish to discover new lands you must be prepared to lose sight of the shore for a very long time”

2024-04-29 08:22:58

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Thanks. Great insight on bitcoin company flexibility

2024-04-29 02:41:52

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Haha. Awesome Matt. Love that spirit.

2024-04-29 00:11:44

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Thanks Ben. I agree. My wife has different ideas !

2024-04-28 21:46:34

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Yes that’s true. I could negotiate something that isn’t fulltime so I can still keep creating bitcoin content. Thanks.

2024-04-28 21:45:07

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Totally! There are many variables at play - and great to have your perspective on this. It’s one of those cases in life where getting others’ perspectives is illuminating where my own thinking has become limited.

2024-04-28 21:43:16

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Thanks Matt. It’s (still) not easy to enable bitcoin payments on substack either unless you have significant turnover. I’ll look into Morningstar. Do you know if it’s easier to enable bitcoin payments there?

2024-04-28 21:07:42

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Thank Shawn. Yes this is a good idea worth investigating. Maybe I’m missing something obvious - I’m just not sure to whom I could consult and on what! Feel free to suggest some areas if you feel I’m missing something.

2024-04-28 20:57:37

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Thanks. Glad you’ve found wisdom in this approach also.

2024-04-28 20:52:00

Hey nostriches, I need your help with some advice.
After 2 years doing my best to counter bitcoin FUD pretty much full time I’ve run out of financial gas to keep doing this.
Wouldn’t be an issue except I have a family and I’m the sole income earner. CH4Capital will eventually pay me something, but at what point is uncertain. Infrastructure deployment on landfills takes a long time and we are still at the site identification stage. I’m fortunate that we do have investments in early stage tech companies that are going well - but no liquidity likely for 4-5 years.
My options seem to be
A. Sell some of our modest stack believing that’ll tide us over to when CH4Capital gets up and running
B. Get a real job - within the bitcoin ecosystem. I’m very grateful that there are a couple of options here.
C. Attempt to get my newsletter to a stage that it’s paying something decent (seems the least feasible option, as it currently turns over four figures p.a).
D. Something that’s staring me in the face but I’m too blind to see it.
Appreciate your thoughts on this.

2024-04-28 07:47:31

8 years ago this was the work I was 100% focused on.
Sharing here because Nostr seems to be the only platform that is unattached whether you
1. Link tonight social media platforms
2. Post about other things you care about that aren’t what you’re “known for”
Would love to hear from some others here on nostr what else you care about that you’re not known for
https://www.youtube.com/watch?v=WODOyDv08dc

2024-04-25 07:13:25

Bitcoin adoption is happening as slowly as the Internet
Chart: @npub1eac…uf67 from the book TheRevolutionofMoney.com https://image.nostr.build/2eebcb5ed88635ddcda5d0b6c759812a3008c6e686d4f3377c32a1fd8ad653b0.png

2024-04-25 07:10:59

@npub1eac…coin adoption is happening as slowly as the Internet
Chart: @npub1eac…uf67 https://image.nostr.build/2eebcb5ed88635ddcda5d0b6c759812a3008c6e686d4f3377c32a1fd8ad653b0.png

2024-04-17 03:49:11

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Ok we’re doing this!
Session times are
1. PST: 6pm 23 April
2. AEST: 5.30pm 24 April
I will send a zoom link through to you on this group 24 hrs before session 1

2024-04-17 01:22:50

Why to tech companies fail? The data tells us that 65% of the reasons are human-centric.
Before I started writing about Bitcoin I did a lot of work analysing this in depth and developing solutions to it. Sharing it here in case you’re a founder and can identify with one of more of these 23 reasons. https://image.nostr.build/fe6345bbf73ee945e5d59c9afdaa3145bde03cb3af683c8c956eebe88d5fe046.png

2024-04-16 22:04:14

Loved everything about this chance to chat with
@npub1cj8…rz4u . If you listen closely you’ll see just how adept he is at fostering unity-in-diversity within the Bitcoin community. #note16vp…pg6h

2024-04-16 04:18:34

General rule for effective Bitcoin FUD:
1. use a healthy distribution of these 3 techniques.
- Value judgement presented as fact
- Outright Falsehoods
- Somewhat true but misleading due to withheld context
2. Keep the number of proveable falsehoods below 50%
3. Make simple, true sounding claims that aren’t
4. Exploit people’s ignorance. Energy illiteracy for example is a field of opportunity for seeing the seeds of FUD
5. Where possible, incite moral outrage through
6. Use Brandolini’s Law to your advantage. The higher the bullshit per sentence ratio, the greater the chance that some bullshit will stick.

2024-04-15 12:36:15

JUST IN: Norway passes anti-datacenter legislation, becoming the first country in Europe to legalize discrimination based on use-of-power
"The purpose is to regulate the industry in such a way that we can close the door on the projects we do not want"
https://cointelegraph.com/news/norway-data-center-legislation-scrutiny-bitcoin-miners

2024-04-14 01:33:19

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Hi Elvis. If you set yourself with a lightning wallet link, people can start zapping you on Nostr.

2024-04-14 01:30:43

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@npub1nyj…ltgg

2024-04-14 01:30:05

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He’s here @npub1nyj…ltgg

2024-04-13 10:15:27

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Because of bitcoin and because of bitcoiners, many people are now finding out the truths about Africa that would otherwise be completely ignored or utterly misrepresented by Western corporate media “journalists”

2024-04-13 10:04:44

Bitcoin is peer-to-peer investigative journalism
https://x.com/farida_n/status/1779063380898144634?s=46

2024-04-13 05:01:46

I’m now working with Elvis Gwaro, an online journalist from Kenya who is writing parts of the newsletter together with me.
Great story behind this
1. I pay him a share of the profits from the newsletter in Bitcoin using lightning. It’s not a lot, but it’s a promising start. Here’s what he told me he’d have to go through if we didn’t. (TLDR: fees, delays and discrimination)
“with Paypal there's always the risk of my account being limited or suspended for reasons best known to the PayPal lords. If I was to receive a significant amount from abroad, for instance, $2,000, yet my account typically transacts less than $500, Paypal will halt my account and request me to explain where the money is coming from.
Their anti-money-laundering measures often flag people who are doing legit online businesses, especially Africans. I have more than 5 friends who had their accounts suspended for 6 months before they could get their money, despite explaining to Paypal where the money came from.
So yes, Bitcoin makes things waaaay easier.
Then there’s fees. Paypal charges a currency exchange fee between 3% to 5%. If you send $100, I'll receive $100 in my paypal account. I think you'll incur a transaction cost on your side too.
If I want to withdraw the $100 from my account, Paypal will give me an exchange rate that factors in the exchange fee. So for instance, currently the USD dollar exchanges for Ksh 130. Paypal will probably offer me between Ksh 124 and Ksh 126. So I only get between $95 - $97 of the $100 and that's how they make bank from that transaction. It's a big fee.”
2. He originally wrote an article that was well written, but FUD-filled about “6 technologies greener than bitcoin”. I respectfully challenged him. Unlike most journalists I’ve challenged he was more curious to learn than to save face, and started asking questions. Long story short, he realised Bitcoin is good for the environment and write so in his next article.
3. He had the idea of making a payment for the newsletter voluntary. And it worked. Plenty of people got behind the newsletter and started paying a modest amount, that now is helping to support me to do deeper research than I’d otherwise have time for and is really helping Elvis as he looks to see if he can make a living out of writing about and researching bitcoin for online magazines and newsletters.
2 ways you can support him that’ll be a potential win-win for you as well.
If you have a newsletter and want someone to write parts, he’s incredibly good: takes on feedback faster than most and produces high quality content. If you’re thinking of a newsletter but don’t want the burden of writing it all, he can help.
And of course to shill our newsletter, every subscriber to that is helping him towards his goal of escaping the fiat economy and live on the orange side. He’s within reach already.

2024-04-09 22:21:14

If I ran an online #Bitcoin session specially for people new to Bitcoin who'd have friends they'd like to send along?
We'd cover:
* what Bitcoin is
* an investment comparison
* how to hold it, simply
* some myth debunking
* benefits to civilization

2024-04-08 22:46:35

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Municipalities or privately owned.

2024-04-08 21:17:36

We are actively looking to connect with landfill owners globally so we can finance more bitcoin mining.
Sites that are currently venting their landfill gas, take in over 1000 tonnes/day and cannot sell power to grid preferred
Yes, we give finders fees when projects result.

2024-04-08 08:14:32

Whoever attacks bitcoin just ends up making it stronger.
For example, GreenpeaceUSA’s attack on bitcoin inspired me to fill in some gaps in their understanding, which apparently had been inspiring more people to do mining.
This is the third note I’ve received like this. https://image.nostr.build/29c72518bf3b571c1781fcf373ffbb3b03115d2e4c9d609936a948602492a59c.jpg

2024-04-08 03:40:00

A couple of days ago, someone on Twitter asked me “when do you sleep?”
Well, at night for 7 hrs at a time generally.
I can’t offer anything more revolutionary than that.
But I do try to optimise 7 other things that I have found matter more than time. https://image.nostr.build/031e1ceb8c241a257a5222551668f435f44b4c7e2684e354c3a1ced1884fd2c8.png

2024-04-08 01:08:04

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They are all doing exactly what they were designed to do: incentive the user to return to the app as often as possible, and spend as much time there as possible.

2024-04-06 20:08:41

Art and currency
In 2001 Morag Brownlie directed a poignant short film about the dystopian reality that CBDC-style digital currency surveillance could usher in
7 years before #Bitcoin, 13 years before the Chinese Central bank experimented with CBDCs
vimeo.com/76185291 (13mins)