Those with power and influence going all in with BTC?
Well their twitter profiles with #bitcoin make that statement.
Elon Musk, Micheal Saylor,...NFL Players like Russel Okung, and even one of the most popular
youtubers, not in crypto Mr Beast.
But everyone is forgetting about the OG who did it.
2/1/2020 Never Forget.
Because it’s time for Chico Crypto!
Who done it?
Well the guy who created the platform & allowed for a bitcoin emoji to be a part of those
celebrities' fun.
That is Jack Dorsey, co founder of Twitter and the current CEO who created the emoji
in February of last year with this tweet, even calling for unicode to adopt it to be
a universal, so that it can be used across all web platforms.
Jack Dorsey, he loves Bitcoin...he isn’t silent about it.
In March of 2019...when BITCOIN was at a low low, of near just 3 thousand bucks, he said
this on the Tale from the Crypt Podcast...so, speaking of how Twitter and Square moved as
the first public companies on Bitcoin...but the major piece of bullisheness, is what Jack
said about his personal buying.
He was pushing his limit weekly on Cashapp...back then it was $10 grand.
So Jack Dorsey was buying $10Gs worth of bitcoin every week...he was stacking sats like only
a billionaire could.
Obviously Jack loves BTC, his buying habits say so.
Obviously his twitter loves Bitcoin, the adoption of the emoji says so.
Obviously his Square does too, it added nearly 5 thousand of the asset in October of 2020.
And everyone knows his Cashapp has adopted it, and with it’ latest statistics, bitcoin
is making up nearly 80 percent of the applications revenue.
Now, I’m sure everyone saw the headlining media news, 4 days ago.
Jack Dorsey and JayZ were putting 500 Bitcoin, towards an endowment called the Btrust, whose
initial focus would be growing bitcoin in africa and india.
But that is well know, it’s the kinda news with a celebrity that makes headlines.
Great for the likes of Cointelegraph.
Coindesk or even the Block.
Chico Crypto, loves to find the news, even before it’s news.
So we aint getting deep into that.
We’re getting deep into the tech elites' secret plan for Bitcoin, which of course involves
Jack, he is in that club.
As a tech elite, a silicon valley angel...
Jack is pretty involved with Bitcoin, beyond just investment.
Just 2 weeks ago he tweeted that he had fired up his own bitcoin node.
This means Jack understand bitcoin mining, and it’s impact.
There is no denying, energy is being wasted to mine BTC.
Most of Bitcoin mining, as of right now, happens in China who is not a friend to the environment,
the Smog Fog that covered Beijing over the holiday is a pure example of what is powering
their country, as well as bitcoin mining.
I’ll tell you right now, Jack is now dummy to this.
And he does have a plan to stop it...Just over 2 months ago, December 8th...Square announced
their plans to become Carbon Neutral by 2030.
As part of this plan, Square was launching something with Bitcoin, called the Bitcoin
Clean Energy Investment Initiative, where it has committed $10 million to support companies
that help drive adoption and efficiency of renewables within the bitcoin ecosystem.
I wonder if within the bitcoin ecosystem, they mean bitcoin mining?
Well Jack within the release said this about the program “We believe that cryptocurrency
will eventually be powered completely by clean power, eliminating its carbon footprint and
driving adoption of renewables globally,”“Published estimates indicate bitcoin already consumes
a significant amount of clean energy, and we hope that Square’s investment initiative
will accelerate this conversion to renewable energy.”
Yeah it has a major focus on bitcoin mining.
The press release continued with more detail of this investment initiative.
“Bitcoin is a unique part of Square’s footprint, as the company purchases the cryptocurrency
on behalf of Cash App customers.
The new Bitcoin Clean Energy Investment Initiative will support companies working on green energy
technologies within bitcoin mining, and aims to accelerate its transition to clean power
rather than only removing the carbon for the bitcoin that Square processes.
The company intends to reinvest any of its gains from the investment back into the initiative,
and is exploring the possibility of opening this initiative for participation by a consortium
of like-minded companies in order to amplify the impact.”
So what that means, is Square is looking to get it’s bitcoin for it’s cashapp customers,
and beyond...from renewable sources.
They want to ensure the supply chain of how they obtain their BTC, is using green energy.
They are going to reinvest every dime into this, to make it happen.
But the crypto important detail was at the end.
They are exploring the possibility of opening the initiative into a consortium, with other
like minded companies to amplify its impact.
I wonder if one of those companies could be a crypto one?
Focused on the Energy Sector….??
And has a product, to do just that.
Decarbonize the bitcoin blockchain, including mining supply chains.
I think some of you know, who I’m about to talk about.
That is the energy web chain.
They have EW-Zero, and from their explainer on what this is “EW Zero enables any renewable
energy buyer—multinational corporations, small- and medium-sized enterprises, electric
vehicle fleets, decentralized blockchain networks—to find and source procurement options from across
a wide variety of digital marketplaces globally.
Marketplace operators can thus tap into a new source of renewable energy buyers, helping
attract growing business to their platforms.
And guess what?
The energy web team had an AMA, in January only a month after Square announced their
Bitcoin initiative.
This is Jesse Morris, CCO had to say about EZ-Zero & BTC.
They are in talks with bitcoin mines, large financial insustiontions,
to get EW Zero implemented to decarbonize their energy supply chains.
I wonder if one of those could be Twitter, Square & Jack Dorsey’s Bitcoin Clean Energy
Investment Initiative??
Well Jesse also let us know, that yes, that is the case earlier in
the AMA.
Let’s listen in...so basically he said, that yeah talks just might be happening between
the two entities.
But then, he explained what this could look like, this EW ZERO.
Here what Jesse said….once again, large corporations, bitcoin mines...and they would
make it simple, renewable buying, like the amazon for this sector.
And he explained, the setup would be simple for the corporations.
Let’s replay that one more time, Logging in with DIDs, backend taken care of with the
sending of messages and the storage of keys.
Kind of sounds like you would need a user friendly energy switchboard of sorts.
That’s why the energy web has their switchboard live on the volta testnet.
Friendly connection to the biggest ecosystem wallet managers, including the dominant metamask,
which does messaging and signature management for the user.
Once in, you are given your DID, easily identifying you, which you can update in board...swithboard’s
governance is ready, including organizational management, application management and role
governance...but also enrollments are ready, which include requests, and my enrollments...and
then coming soon, the assets, services and applications...and guess what?
One of those services in switchboard, will be EWZero.
And let me tell you, the applications, services and assets for switchboard.
They are coming soon.
Adam Nagy, head of blockchain for ewt, posted this just last week on their confluence.
Energy Web KMS Wallet App….KMS is energy web’s scalable, safe and recoverable web3
key manager and crypto wallet based on Secret Store.
It’s what enterprises need if they are going to connect to the blockchain.
Scrolling down to section 1.4 in Adams confluence post, in app connections, it says KMS supports
wallet connect, the largest app connectivity standard, it supports 3 chains as of now,
Ethereum, the Volta testnet, and the energy web chain.
And guess what the KMS uses...of course the switchboard.
Which allows dapp, and service management on as many chains and with as many applications
as the user likes, including DeFi ones as we can see from Nagy’s post the likes of
uniswap & gnosis.
So, it’s almost here, Energy Web has the toolkit to decarbonize those, wanting to get
involved with Bitcoin & even beyond, with DeFi.
Jack Dorsey & the Energy Web may be working on something, bu I’m just speculating based
on Jesee’s words...although if there is something coming.
Squares’ post tells us when it may drop.
They said “. Square has mapped out a path towards a net zero carbon target through a
combination of lowering its own carbon footprint in conjunction with scaling a verified carbon
removal portfolio, which Square intends to launch in the first quarter of 2021” This
quarter..Cheers I’ll see you next time!