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US financial regulator warns against strict cryptocurrency rules
|Kurt Grela||Jun 10|
I’ve just instructed the president of (our state-owned geothermal electric company), to put up a plan to offer facilities for mining with very cheap, 100% clean, 100% renewable, 0 emissions energy from our volcanos 🌋 This is going to evolve fast! 🇸🇻
Our engineers just informed me that they dug a new well, that will provide approximately 95MW of 100% clean, 0 emissions geothermal energy from our volcanos 🌋 Starting to design a full mining hub around it. What you see coming out of the well is pure water vapor 🇸🇻
Last night the President of a nation state and multiple politicians were on Twitter talking directly to a global audience in real time while their country was adopting bitcoin as legal tender in a historic move. The game has changed.
The entire Bitcoin network uses 4x less energy than clothes dryers. Here are the numbers for *just the US*: - 130M US households - Avg household uses 12,000 KWh/yr (EPA) - Dryers are 6% of household energy use (EPA) = 720 KWh/yr - 720 KWh * 130M = 93.6 TWh - Bitcoin uses ~90 TWh
Elizabeth Warren @SenWarrenBitcoin requires so much computing activity that it eats up more energy than entire countries. One of the easiest and least disruptive things we can do to fight the #ClimateCrisis is to crack down on environmentally wasteful cryptocurrencies. https://t.co/derGr1bjuq
Every company I met with last week at the Miami was actively hiring. The need for & talent has never been greater. Today alone, the has posted 35 new jobs. Here are some career opportunity highlights 👇👇👇
🔐 Security is key. 🔐 As crypto trading becomes more mainstream, our security team has seen cybercriminals get more creative. But there are steps you can take to protect yourself. Read the blog for tips and tricks that’ll keep your crypto safe. blog.coinbase.com/tips-on-how-to…
Pro Tip 1: Use strong passwords Your passwords should be at least 16 characters, extremely complex and unique for your accounts. That’s hard to do by yourself, but password managers like 1Password can help.
Pro Tip 2: Use 2FA Where available, use two-factor authentication (2FA). Use the strongest type of 2FA the platform allows, ideally a Yubikey. If a service provider doesn’t allow Yubikey, use an authentication app like Google Authenticator instead of SMS-based 2FA.
YET MORE NEWS-- was asked if he met w/ the IMF yet & he responded they have a meeting scheduled for Thursday. The bill will already be law by then. President Bukele believes this is v positive for econ & doesn't consider it a de-dollarization.
So many are just completely missing the historical importance of what is happening in El Salvador. The govt could have pushed a surveillance and control coin, a civil liberties-stripping CBDC, a China project... No! They went with Bitcoin. Freedom money. Just remarkable.
🧐MORE DRUMBEAT OUT OF D.C.👇 “I am concerned that the initial reaction of a regulator is always to say ‘I want to grab hold of this & make it like the markets I already regulate...I am not sure that’s going to be great for innovation.”- ft.com/content/ae0d40…
Thread. Blackrock is buying every single family house they can find, paying 20-50% above asking price and outbidding normal home buyers. Why are corporations, pension funds and property investment groups buying...
In 2013, the Washington Post made me sell 56 bitcoins for $112 each. They'd be worth $2 million today.