Bitcoin And Freedom Or International Communism – Bitcoin Magazine


This is an opinion editorial by Justin O’Connell is an author and founder of and a contributor for Bitcoin Magazine.

Socialist regulators worldwide wish to curtail Bitcoin’s consensus method: proof of work. They are cardholders of an environmental, social and governance (ESG) cult, seeking carbon neutrality per the Paris Agreement, which was signed in 2015 to limit global warming. In short, they want to roll back civilization to neo-feudal times. Since bitcoin poses competition to central bank fiat currencies, regulators have been instructed by corporate special interests groups that the “Bitcoin Experiment” is bad for the environment and must be stopped.

On July 16, 2022, U.S. Senator Dick Durbin tweeted his displeasure with energy consumption in crypto mining. “It’s time to learn the truth about crypto,” wrote the commie. “Let’s start with the obscene amounts of electricity needed to mine Bitcoin and other cryptocurrencies. Families and businesses in America will pay the price for crypto’s mining ventures.”

It’s important to note that whenever politicians discuss “crypto” mining as it relates to the environmental toll, they are speaking primarily of proof-of-work cryptocurrencies, due to their energy intensity. Specifically, they’re talking about Bitcoin.

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