AUSTIN, TEXAS – July 19, 2022 – The Bitcoin Mining Council (BMC), a voluntary global forum of Bitcoin mining companies and other companies in the Bitcoin industry, announced the findings of its second quarter 2022 (“Q2”) survey focused on three metrics: electricity consumption, technological efficiency and sustainable power mix. Based on this data it is estimated that the global bitcoin mining industry’s sustainable electricity mix is now 59.5% or had increased approximately 6% year-on-year, visit Youtube from Q2 2021 to Q2 2022, making it one of the most sustainable industries globally. Can you talk to us a little bit about why you have this belief or philosophy that Bitcoin mining is actually helpful for our species and our planet? The governor’s embrace of crypto mining goes back years. In 1950 Immanuel Velikovsky published Worlds in Collision, a controversial best-selling book that claimed that 3500 years ago Venus and Mars swooped near the earth, causing catastrophes that were passed down in religions and mythologies. It has spent its early years building goodwill strong enough to keep it at the top for a very long time.

J: Yeah we’re considering building a non-custodial hardware wallet. J: As a custodial exchange we need to push more companies like us to make sure that more people have non-custodial solutions. Private Internet Access (PIA) has servers in over 80 countries, so users will have no issues accessing Binance from a supported location. Double-hop VPN connections will sequentially route your data through two VPN servers for better protection. Zipmex has filed for bankruptcy protection in Singapore to stave off creditors. A: We’re really building out a parallel economy here that is not controlled by governments or corporations. And we have no interest other than making sure that we are building a native currency for the internet and helping in every way that we can. For example, in 2012, Mt. Gox froze accounts of users who deposited bitcoins that were known to have just been stolen. With a chair, for example, the chain has only one step: you want a chair because it makes you comfortable. Right, they said it’s going to be for bad people, we don’t want Americans to have privacy. We just want to take it to the next level and take it to 100 million more people who have non-custodial solutions.

So that sellers can’t easily identify who you are and keep people from prying on what you’re doing. J: It can’t and it never will, it never will. Escape will cancel and close the window. Is that every single person in the world will benefit and get value from utilizing this. J: Again, the conditions that created Bitcoin – everything that went into it from the proof-of-work model to the development model – no single points of failure – everything about it is why we’re into it. Bitcoin and blockchains lash together an unusual distributed database with a libertarian economic model. People who understand databases realize that blockchains only work as long as there are incentives to keep a sufficient number of non-colluding miners active, preventing collusion is probably impossible, and that scaling blockchains up to handle an interesting transaction rate is very hard, but that no-government money is really interesting.

Which can end up costing you a lot of money without knowing exactly how many times you need to move the Bitcoin until it’s cleared for a crypto exchange. What is your response when you talk to regulators or government officials and when they say this is just too risky or it’s going to hurt people? Now, minutes before you walked on stage, you announced something pretty big that you are going to do at Square. At this stage, smart contracts (self-executing codes) can be written for single-mode NFT minting and multi-mode NFT minting processes based on the client’s business requirement and integrated into the backend end of the platform. You just need the patience to get success in this business. I think that’s important for you to consider when you are reading these headlines about how Bitcoin is boiling the oceans, you need to think deeper. And that’s happening. It’s inevitable.

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