Anti-FUD documentary film crowdfunded by Bitcoiners

Number of entities holding between 0.01 and 0.1 BTC surged as BTC’s price dropped

One group of investors and supporters have stepped up to the plate to defend the world’s largest digital asset with the help of a crowdfunded, FUD-fighting documentary film, as the headlines pile up about Bitcoin’s calamitous environmental impact

The goal of the film is to act as a “definitive” argument for why Bitcoin will transition the world to renewable energy faster than governments, according to investor, podcast host, and Bitcoin fanatic Brad Mills on Twitter

A documentary series about BitTorrent and one of the earliest examples of a crowdfunded, free-to-share effort, Mills’ choice of director is Jamie King, best known for STEAL THIS FILM. King said that the narrative about Bitcoin’s energy consumption pushed him into action, according to interview with Cointelegraph.

“The idea for this new project, which we’re raising funds for right now, came about as a result of the increasing amount of attention being paid to Bitcoin‘s energy usage,” King said. “Obviously this came to a head with Elon’s announcement about not accepting BTC for his cars for the time being — but it’s also a piece of ‘FUD’ we’re seeing repeated with greater and greater intensity.”

Earlier in the week, billionaire Elon Musk Tweeted that his company Tesla would no longer accept Bitcoin for payments — a comment that set off accusations of hypocrisy, but whose contents were echoed loudly in the mainstream media.

Despite Elon’s gripes, specifics about how much “dirty” energy Bitcoin consumes is difficult to calculate, however, and even estimates based off of Chinese consumption may only paint a rough picture.

Regardless, King and crew aren’t trying to argue that Bitcoin is clean, green tech.

“I think it’s important to acknowledge Bitcoin uses energy. A lot of it. That’s part of its design,” says King. “The question we need to ask is: is it worth it.

King said that those who instinctively answer “no” to that question likely haven’t done their research, and that “in a broader social, political and economic context” the case for Bitcoin’s energy consumption is self-evident.


  1. I was wondering if anyone knows what happened to Dimepiece LA celebrity streetwear brand? I cannot proceed to the checkout on Dimepiecela site. I have read in Elle that the brand was acquired by a UK-based hedge fund for $50 million. I have just bought the Dimepiece Control the Guns Crop Sweatshirt from Amazon and totally love it xox

  2. I manage a vape shop web directory and we have had a posting from a vape store in the United States that likewise offers CBD goods. A Calendar month later, PayPal has contacted use to claim that our account has been limited and have requested us to remove PayPal as a payment solution from our vape shop directory. We do not offer CBD products such as CBD oil. We solely offer advertising and marketing services to CBD companies. I have looked into Holland & Barrett– the UK’s Reputable Wellness Store and if you take a good peek, you will witness that they sell a somewhat comprehensive range of CBD products, primarily CBD oil and they also happen to take PayPal as a payment method. It seems that PayPal is applying twos sets of rules to different companies. Because of this stipulation, I can no longer take PayPal on my CBD-related internet site. This has constricted my payment possibilities and currently, I am intensely dependent on Cryptocurrency payments and direct bank transfers. I have consulted with a barrister from a Magic Circle law office in The city of london and they stated that what PayPal is undertaking is totally not legal and inequitable as it should be applying a systematic benchmark to all firms. I am yet to get in touch with one more lawyer from a US law practice in London to see what PayPal’s legal position is in the USA. In the meantime, I would be very appreciative if anyone here at targetdomain could offer me with alternative payment processors/merchants that deal with CBD firms.

Leave a Reply

Your email address will not be published.