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Billionaire Tom Steyer: This type of bitcoin venture is a ‘disaster’ for the environment

Billionaire Tom Steyer: This type of bitcoin venture is a ‘disaster’ for the environment



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  1. Tom Steyer is a Billionaire currently worth about 1.4b. He made his money largely from his hedge fund company he started 20 years ago. Aside from owning large amounts of real estate, most of his investments are within the banking industry and the stock market. Why would a guy like this want anyone to invest in a asset that has the capability to out perform any of his investments and disrupt the industry that he built his wealth on?

    Guys like this are a dime a dozen, the rich do not want the common people to be empowered. they want you to stay poor and keep feeding the system that they own. this narrative is used often by these same people, don’t pay it any attention. Bitcoin will do its thing no matter what. F these people.

  2. We use electricity because we know it’s worth it to retain the value of the greatest monetary unit ever created.

    Data centers use the same amount of electricity because they want people to watch Facebook ads and yell at each-other on social media.

  3. tldr; Hedge fund billionaire Tom Steyer has called bitcoin a “huge user of electricity” and said it will remain an environmental threat as long as the energy grid depends on fossil fuels. Steyer criticized bitcoin mining ventures that seek out cheap, dirty energy in order to maximize profits. “Clean up the electricity generation, electrify everything. Be smart about your energy use,” Steyer said.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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