Bitcoiners mass fund a documentation against the FUD

As headlines pile up about Bitcoin’s serious environmental impact, A group of investors and supporters have stepped up to defend the world’s greatest digital asset through a crowdfunding documentary to fight FUD.

First announced on Twitter by investor, podcast host and Bitcoin fan Brad Mills, the goal of the film is to act as the “final” argument for “why Bitcoin will make the global renewable energy transition faster than governments”.

I found the filmmaker (@jamie_jk) made the definitive short film about why Bitcoin will move the world to renewable energy faster than governments.

Sulo will cost $ 20,000-30,000 to make it a professional mini-documentary on the FUD of the energy that BTC consumes.

I’ll bet $ 5,000, who’s with us?

Mills’ chosen director is Jamie King, better known for STEAL THIS FILM: A documentary series about BitTorrent and one of the earliest examples of crowdfunding efforts that can be shared for free. In an interview with Cointelegraph, King said that the narrative about Bitcoin’s energy consumption drove him to action.

Bitcoiners mass fund a documentation against the FUD
Bitcoiners mass fund a documentation against the FUD

“The idea for this new project that we are currently fundraising for came when a result of the increasing attention Bitcoin is paying to energy consumption“said King.” Obviously, this came to a head with Elon’s announcement not to accept BTC for his cars at the moment, but it’s also a piece of ‘FUD’ we’re seeing it repeat with increasing intensity. “

The billionaire started the week Elon Musk tweeted that his Tesla company would no longer accept Bitcoin for payments, a comment that sparked allegations of hypocrisy., but its content got a strong coverage in the main media.

Despite Elon’s complaints It is difficult to calculate how much “dirty” energy Bitcoin is using, and even estimates based on China’s consumption can only give a rough idea.

Definitely King and his team They are not trying to argue that Bitcoin is a clean and environmentally friendly technology.

“I think that It is important to realize that Bitcoin consumes energy. Much. It’s part of his design“says king.” The question we have to ask ourselves is: Be worth?“.

To be clear, I firmly believe in cryptocurrencies, but they cannot lead to massive increases in the use of fossil fuels, especially coal.

King said those who instinctively answer “no” to this question likely didn’t do the research, and neither did they “In a broader social, political, and economic context,” Bitcoin’s energy consumption is evident.

So far, the community has responded enthusiastically, increasing 0.5 BTC in just 48 hours. King also notes that while the Bitcoin Lightning Network has not seen the launch that some expected, After the project opened for Lightning donations, small sponsors poured in.

“I think we can see that Lightning is real for small bitcoin donations, I’m happy to say,” he joked.

In the end, King’s goal is not to give back to those who do FUD, but to educate and uplift.

Not only do I want to counter the idea that this is “a waste of energy,” I want to do something that inspires people about how great Bitcoin is: “Destroy the FUD with a higher purpose.”

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