Bitcoin will cause not one but two revolutions Stabilizing the world's financial architecture Stabilizing the world's energy architecture The first one most people don't know there is, or make out that there isn't, a problem, so are therefore not ready for Bitcoin yet. The second one, everyone agrees there is a problem, so are therefore ready for Bitcoin now. The world needs Bitcoin We've just been leading with the conversation they are not ready to have while ignoring the one they are ready to have.

Bitcoin is energy money But it is also a monetizer of energy Both those are innovations the world has never had before And the second quality if the one the world is ready for right now

The world's attitude to Bitcoin mining is changing rapidly For example, I just spent the weekend visiting 3 landfills where that country's government's environmental ministry identified that Bitcoin mining is the best solution to remove their hazardous methane emissions

Few will understand why this post is significant, but I'll say it anyway because it will be more obvious in a year's time. Landfill methane capture has been technically possible for decades. The obstacle was always economic. 2 problems: No buyer for the power. Most landfills in the Global South can't sell electricity to the grid: no transmission lines, too expensive to upgrade the grid to handle the power, or govt regulations actively prevent it Credits priced too low. On voluntary carbon markets, methane mitigation earns ~$5 per credit. That finances nothing. Bitcoin mining solved the first problem: the miner buys every megawatt on site, no grid connection required. Now it is starting to solve the second. Under Article 6 of the Paris Agreement, a country that signs a cooperative agreement can sell its carbon credits on international compliance markets at ~$20 per credit instead of ~$5. That difference is what turns a marginal project into one investors will fund. For years, several Latin American governments saw no reason to join. With no viable projects, why build the regulatory framework? Bitcoin mining made the projects viable. Now the agreements are being signed. The full sequence: a mining rig gives landfill gas its first buyer, the buyer makes the project viable, the viable project gives a government its reason to enter compliance carbon markets, and the compliance price funds the next ten projects. Methane that has warmed the planet for decades is becoming the revenue that pays for its own destruction. And the unlikely catalyst is Bitcoin mining: the industry everyone was once told was the climate's enemy.

For people in Energy: 2021: evaluating Bitcoin mining is a career risk 2026: evaluating Bitcoin mining is no longer a career risk 2031: failure to evaluate Bitcoin mining is a career risk

Methane from landfills shorten the lives and quality-of-life of children. Bitcoin mining removes that methane profitably. Probably nothing.

When you invest in Bitcoin mining companies with dual revenue streams, you are accelerating Bitcoin acceptance (and therefore adoption), because you're growing the companies that advance the "Bitcoin solves an energy solution" conversation the world is ready to have

A waste management consortium recently took over an country's landfills because they were emitting methane, causing harm to residents and deterring tourism They concluded Bitcoin mining was the only viable solution We just booked by tickets to visit them Probably nothing

Of the peer reviewed papers on Bitcoin, >90% of them are on Bitcoin and energy Of Cambridge's report on Bitcoin, >75% of the report is on Bitcoin mining Of countries forming National Bitcoin Reserves through vehicles other than confiscation > 90% have done so using Bitcoin mining (only El Salvador purchased Bitcoin) Of people routinely talking to political leaders about Bitcoin (including Prince Filip, Adam Back, myself) almost all of the leaders want to talk about Bitcoin and energy (versus a much more muted response to "Bitcoin and money") Bitcoin is a fire waiting to burn. The Bitcoin-as-money conversation is the big log in the fire. It's the ultimate place we want to end up. But it's not the starting point. We've been trying to start a fire by holding a match to a big log. Bitcoin mining is the kindling, it's the fire starter, because it solves so many energy problems that people have, and political leaders are struggling to find solutions to, right now! Once Bitcoin mining creates acceptance of Bitcoin, from there it will be so much easier for the big log of Bitcoin-as-money to catch alight.

Reflections post BTCHEL conference.

The one misleading narrative about Bitcoin that has been killed completely in mainstream media: the "Bitcoin is bad for the environment/uses too much energy" Because of this, its no longer a reputational risk for people to talk about Bitcoin mining solves energy problems. As a result, Since 2024, a group of Bitcoin mining advocates is now making good strides forward across the world in talk with energy companies and governments about getting Bitcoin mining helping solve major and concurrent problems around their ailing grids, behind-schedule NZE targets, and near-EOL renewable and battery subsidy programs.

If you want to speed up bitcoin adoption, that means help bitcoin acceptance. If you want to help bitcoin acceptance, talk about how bitcoin solves a problem the person you are talking about has. For store owners - that’s “how do I increase foot traffic and reduce card fees” For anyone in govt, it’s often “how do I keep my grid stable and increase energy security?” For an environmentalist it’s often “how do we phase out peaker plants and gas flaring while accelerating the green energy transition” For policymakers and regulators it’s often “how do we adopt transactions in a way that’s much harder to use than traditional currency?”

"Bitcoin (mining) as an energy solution" is the Trojan horse for Bitcoin as a monetary solution

Of all the govt ministers I've met with, none of them wanted to talk about bitcoin as a monetary asset. All of them wanted to find out more about how bitcoin supports their energy and environmental goals. This corresponds with the experiences of other people I've cross-referenced with who are meeting with senior members of Government, including Prince Filip, who recently said that the Bitcoin&energy conversation is the one they are most interested in having.

I've recently met with 3 Government Ministers to talk about how with bitcoin mining, you don't need gas peaker plants to accompany new AI load, and how you can also reduce methane emissions.

AI doesn't threaten net zero emission targets. But AI without Bitcoin mining does.

I am convinced that once Bitcoin mining is accepted as a necessary grid stabilizing and renewable expansion technology, the world will be able to finally accept Bitcoin as an important and impactful technology, and adoption will increase significantly.

Just finished keynote in Helsinki on the (real) energy that powers Bitcoin. No data. No charts. Instead I told 5 stories ... and based on the feedback it was probably my best talk yet.

I've tweeted a couple of times that Bitcoin wins when Bitcoiners become as anti-fragile as Bitcoin itself. Here's 120 seconds on what this means, and how we start to do that.

Bitcoin volatility mirrors the inherent volatility of life. And what looks like the down are often not so. For example, without Greenpeace USA's campaign against Bitcoin, people like me would never have come to Bitcoin in the first place. Fighting Greenpeace USA was like running up a hill in rarefied air. Everyone who did it returned to earth with a bigger lung capacity to advocate Bitcoin better than we could have: we had better messages, more practice dealing with critics, more resilience, and were more connected to each other as a team.