Pierre Rochard
@BitcoinPierre
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Following
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Follow for #Bitcoin insights. VP of Research @RiotPlatforms (NASDAQ: $RIOT). Steward of @CatholicBitcoin . Views here are mine.
Austin, TX
Joined December 2021
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Pinned Tweet
BREAKING: Riot has started mining
#bitcoin
at its new Corsicana Texas facility.
With a capacity of 1 GW it is projected to be the biggest in the world.
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@SenWarren
@SECGov
With all due respect, your colleague Senator Menendez did not use
#bitcoin
for his money laundering.
What do you think about that
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BREAKING: the Biden Administration is cancelling the fake
#Bitcoin
mining "emergency" declaration and destroying the data that it illegally collected.
The government is going to restart the process the legal way: with public notice and comment.
The government is also paying…
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@ewarren
No one should have to wonder whether a Senator is putting the interests of big banks ahead of the Bill of Rights. Yes, Senator Elizabeth Warren, I’m looking at you.
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Please don’t lecture us about
#bitcoin
financial risk if you are $33 trillion in debt with no plan to pay it off.
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Bitcoin is big. In fact, it's bigger than the internet. It's bigger than email, social media, and smartphones combined. And it's here to stay.
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Biden administration is proposing a 30% tax on electricity used by
#bitcoin
miners, even if you are off-grid using your own solar and wind generation. All of the reasons they provide are pretextual, their real reason is that they want to suppress Bitcoin and launch a CBDC.
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Bitcoin will replace the US dollar as the world reserve currency.
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BREAKING🚨 Biden's 2025 budget is very bullish on
#Bitcoin
, the White House expects $250k by 2035.
They are counting on it for their tax revenues!
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Elizabeth Warren swore an oath to support and defend the Constitution of the United States, but instead she is attacking it.
I'm calling on her to resign.
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We’re not terrorists and we’re not criminals. We just don’t trust banks and governments and want to control our own money.
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Bankers and politicians agree: using your own money without getting their permission first is a crime
"I've always been deeply opposed to crypto, bitcoin, etc. [Senator Warren] pointed out the only true use case for it is criminals," says JPMorgan Chase CEO Jamie Dimon. "If I were the government I'd close it down."
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NYTimes added a smog filter to disparage and slander
#Bitcoin
and rural America.
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Let’s be clear: Elizabeth Warren wants to arrest you and put you in prison just for using
#bitcoin
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1. ETFs should not need regulatory approval.
2. The SEC should have approved the first Bitcoin ETF that applied in 2013.
3. It took ten years for the SEC to finally make the correct decision to approve, after losing in court.
4. The SEC completely bungled the announcement.
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Your brain is an "unhosted wallet" according to Elizabeth Warren.
She wants to ban it!
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Wow!
@RonDeSantis
: "You have every right to do
#Bitcoin
, the only reason bureaucrats in DC don't like Bitcoin is that they can't control it. As President we'll protect your right to use
#Bitcoin
."
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Governments cause people to buy bitcoin which causes bitcoin miners to buy electricity which causes power plants to emit CO2.
Therefore we should ban governments to stop CO2 emissions.
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Governor
@GovAbbott
should start accumulating
#bitcoin
to give the state redundancy away from the Federal Reserve System of fiat dollars.
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This is Senator Elizabeth Warren’s plan:
1. Ban
#Bitcoin
2. Force us into government CBDC
3. Control us with social credit scores
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@SenWarren
Giant governments and banks printed money to bail themselves out. It's time we call it out for what it is: currency debasement.
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Bitcoin mining has zero carbon emissions
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@SenWarren
@USGAO
Why did your colleague Senator Menendez not use
#bitcoin
for his money laundering of bribes?
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It's reprehensible that Senator Elizabeth Warren wants to destroy our civil liberties just to ban
#bitcoin
. She should immediately withdraw her bill and apologize to the American public.
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Elizabeth Warren is anti-privacy, so does she want to explain how she got rich?
@ewarren
@SenWarren
@BitcoinPierre
Her net worth increased over 500% since 2019.
4 years servicing on the banking and Urban housing committee. All the while trying to ban Bitcoin.
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If
#bitcoin
was bad and worthless, the government would destroy the seized bitcoin as they would do with the crack cocaine bags found in the White House. Instead, they use the bitcoin by spending it. In fact, government auctions actually launder the BTC, cleans it free of crimes
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@BradSherman
Sir, with all due respect, your centralized proprietary fiat system seems to be collapsing.
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Did you know that only bitcoin has a monetary policy that anyone can audit? No other currency has this feature.
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@BillAckman
Bill, come visit Rockdale and let’s talk
#bitcoin
mining economics. There’s a lot of feedback loops,
#btc
purchasing power can’t go straight up due to wealth effect spending / rebalancing of holders.
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#Bitcoin
in the trough of disillusionment, either we enter the slope of enlightenment this year or the cyclical pattern breaks.
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Elizabeth Warren wants to search your home without a warrant and seize your
#bitcoin
.
Absolutely tyrannical.
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Elizabeth Warren is now attacking the First Amendment,
#bitcoin
proponents have a right to engage in the policymaking process.
We can’t just pass laws written by Big Banks without debate.
Crypto companies are spending millions building an army of former defense and law enforcement officials to lobby against new rules shutting down crypto-financed terrorism. This revolving door boosts the crypto industry, but endangers our national security.
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Bitcoin mining growth is not an “emergency”.
The $3 trillion deficit, $34 trillion debt, and insolvent fiat banking system on the other hand…
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If they bitcoinize instead of dollarize, Argentina could become the wealthiest country in the world.
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Senator Elizabeth Warren used extreme political pressure to fake an "emergency" for
#bitcoin
mining.
Here she is on April 26, 2023
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It's understandable why some might perceive
#Bitcoin
maximalism as cult-like due to the community's staunch conviction in Bitcoin's potential. However, this is a misconception primarily based on misunderstanding the principles that underpin Bitcoin maximalism.
Bitcoin maximalism…
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Senator Elizabeth Warren is aggressively lobbying for warrantless, unconstitutional mass surveillance of everyone in the United States, just to ban
#bitcoin
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Do we know what currency and payment system he planned to use
BREAKING:
@AZGOP
Chairman
@JeffDeWitAZ
has just resigned after being caught on a secret recording trying to BRIBE
@KariLake
into not running for office
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Spare us the lecture about “financial regulation” if you’re $33 trillion in debt.
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Bitcoin is sustainable.
$34 trillion of debt is not.
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Cantillon Effect: bankers and politicians leverage their currency monopoly to steal from savers and consumers.
Then they accuse corporations of “price gouging” to distract the public.
#bitcoin
fixes this
Giant corporations in the energy and food industries increased consumer prices to pad their bottom line. It's time we call it out for what it is: price gouging.
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A win for the rule of law.
Huge thank you to
@lee_bratcher
, all the
@TXblockchain_
members, and the legal team that led
#bitcoin
miners to victory in court today.
JUST IN: 🇺🇸 US Energy Department to temporarily suspend its mandatory survey of
#Bitcoin
miner energy use after getting sued 👀
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Measuring CO2 levels at El Boqueron volcano in El Salvador 🌋
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It’s weird to have a patriotic allegiance to the “US Dollar”, which is just debt issued by a private corporation that pretends to be the government.
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Elizabeth Warren spread disinformation to exploit a crisis, it’s backfiring and now undermines her misguided anti-
#bitcoin
agenda.
“Crypto is currently a very small part of the puzzle. The major funding channels are, were, and remain state funding. Iran and others—those are the major players.”
Dr. Shlomit Wagman sets the record straight re: terrorism and crypto at today’s
@SenateBanking
hearing:
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If you’re worried about
#bitcoin
replacing dollars, consider not running a $2 trillion deficit.
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The New York Times’ political attack on
#Bitcoin
mining is full of distortions and outright falsehoods
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Let’s check in on Texas electricity prices
@BillAckman
$0.00 per MWh
How are the
#bitcoin
miners driving up electricity prices?
A scenario:
Bitcoin price rise leads to increased mining and greater energy use, driving up the cost of energy, causing inflation to rise and the dollar to decline, driving demand for Bitcoin and increased mining, driving demand for energy and the cycle continues.
Bitcoin
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Jared Bernstein has a bachelor's degree in music and a master of social work.
Why should he be expected to understand the fiat monetary system?
Relatedly, why should he be Biden's economist?
Relatedly,
#bitcoin
is the most under-valued asset in the world.
The leading fiat economist, Jared Bernstein, chairman of the Council of Economic Advisers, can't even explain why governments borrow money in the currency they print out of thin air.
#Bitcoin
fixes this.
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Biden used bank wire transfers for foreign bribery, tax evasion, and money laundering.
No, it was not
#bitcoin
wallet transactions.
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In red below is
#bitcoin
miner electricity consumption, blue is the price of electricity.
When the electricity price is low, miners hash.
When the electricity price spikes, miners turn off.
Demand-response reduces grid stress at peak times.
From
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If Satoshi Nakamoto was not pseudonymous, the government would arrest him.
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The hypocrisy of fiat politicians living in energy-intensive states, refusing to move south and lower their carbon footprint, flying around in private jets, while falsely accusing
#bitcoin
mining of “wasting energy”
Energy consumption per household in the continental U.S.
Data from the March 2023 release of the Residential Energy Consumption Survey:
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#Bitcoin
mining excise tax is off the table.
Huge kudos
@WarrenDavidson
for taking the time to engage on social media, and for being one of the few that understands
#Bitcoin
, give him a follow!
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The whole carbon “accounting” fraud got debunked with a $250 air quality monitor.
That’s all it took.
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@GordonJohnson19
The fiat dollar is actually an attack on the USA.
It enables bankers and politicians to earn monopoly seigniorage rents, imposing an inflation tax on the people.
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Bullish on
#Bitcoin
Lightning network growth in 2023, cheap and instant payments are great for users ⚡️
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1. Rockdale, not Rockland.
2. The air is clean there, did they photoshop to make it hazy?
The casual contempt NYTimes has for “flyover rurals”, getting small town names right is beneath them
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Elizabeth Warren and Jamie Dimon agree: your money is actually theirs.
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BREAKING: Senator Proposes "Know Your Customer" Law for Sandwich Shops
Washington, D.C. – In a bold and somewhat bizarre move, Senator Elizabeth Warren has introduced a new bill that aims to ramp up national security by implementing Know Your Customer (KYC) and Anti-Money…
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@kevinolearytv
You said exactly the same thing about FTX, and then it collapsed and SBF went to jail.
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I can’t believe I have to say this: math should not be illegal.
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What bitcoin’s critics don’t understand is monetary economics, computer science, software engineering, network protocols, and electrical systems.
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Only
#Bitcoin
has an independent monetary policy.
All other monetary policies are political.
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@ewarren
In analyzing the beloved film "It's a Wonderful Life", one must first acknowledge its cultural significance and heartwarming portrayal of community support and personal redemption. However, I must address the underlying economic implications presented in the film, particularly…
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"
#Bitcoin
is bigger than any government."
- Larry Fink
Larry Fink, CEO of BlackRock: If you're in a country where you're fearful of your government and maybe this is one of the reasons China has banned it, if you're in a country where you're fearful of your future, fearful of your government of you're frightened that your government…
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A Bitcoin ETF offers a convenient and accessible avenue for traditional investors to gain price exposure to
#btc
, but it lacks the essence of what makes Bitcoin truly revolutionary: self-sovereignty and decentralization. The epitome of Bitcoin use is holding your own keys and…
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Anti-bitcoin politicians lack a credible alternative, all they have to offer is more bank bailouts and inflation.
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