The Bear Market is for the builders, the ones who
carve out their own path, creating technology that will change the future of tomorrow. They don’t
shill, they don’t cry…they have their heads down building and making the connections that will
secure their blockchain infrastructure will be used on scales we couldn’t even imagine.
So are you ready to see who’s building like Bob the Builder? Well you don’t really have a
choice, because it’s time for Chico Crypto!! Sooo, to begin this episode let’s
talk a little bit about Bitcoin. Late last week, Thursday to be
exact, Bloomberg Law dropped this article “Crypto Miners’ Energy, Climate
Costs Draw White House Scrutiny” Yikes, is the whitehouse coming after
Bitcoin?? Well that was a good title, to make it look like it, but if you dive deeper
you get a clearer picture of what they are doing. The article states “The Biden administration
is teeing up policy recommendations to lower cryptocurrency mining’s energy consumption
and emissions footprint” ““It’s important, if this is going to be part of our financial
system in any meaningful way, that it’s developed responsibly and minimizes total emissions,”
Costa Samaras, principal assistant director for energy for the White House Office of Science and
Technology Policy, told Bloomberg Law.
The study aims to drill down into claims that have touted
cryptocurrency as a societal benefit or criticized it as a local nuisance and a climate nightmare,
said Samaras. The team will study claims made in recent months—in places like Texas—that mining
facilities could provide grid operators with flexibility by agreeing to temporarily
shut down during times of peak demand.” Sooo, the aim of this is to reduce bitcoin
and crypto mining energy consumption and the emissions footprint.
They
will study claims that Bitcoin mining is an energy hog or it can be a
benefit to the environment and grid. Sooo I wonder who could be helping with
this? Well in the same Bloomberg Law article, they not only got comments from Costa Samaras,
but from another person. Jesse Morris, CEO of Energy Web. From the article ““I have a really
hard time seeing some sort of a stick approach,” said Jesse Morris, CEO of Energy Web, a technology
company that works with utilities and consumers to accelerate decarbonization. “I think the most
bang for their buck is going to be on education and disclosure of bitcoin mining—and
that would send a huge signal, too.” Last month, Energy Web unveiled a scoring
system that would show how Bitcoin miners—and potential other industries—are using their
consumption to drive lower emissions. Well, just as this article was released
Jesse Morris tweeted “Major opportunity for WhiteHouse to partner with the BTC
community and transform corporate renewable purchasing & disclosure.
Via
energyweb and RockyMtnInst approach we can incentivize companies to buy renewables
that produce the deepest carbon benefits. Now, is this just a coincidence Jesse
is featured in the article and tweeting about it on the same day? Or does Energy
Web have connections to the whitehouse? Well I’ll let you in on a little
secret…it’s the latter. Energy Web has direct connections to the
Whitehouse on multiple levels. Sooo to begin, let’s look at a certain person
who worked for Energy Web. As we can see from the July 2019 whitepaper, Claire Henly
was a part of the Energy Web Foundation, and contributed to the creation of the whitepaper.
Well this Yale Business profile
on Claire gives us a clear picture of what she worked on. It says “Claire
Henly directs the Energy Web Foundation's technology deployment work, developing
the frameworks, technical standards and best practices necessary to drive adoption
of blockchain technology by the energy sector. Her portfolio includes EW Origin – a
secure, low cost, public tracking system for renewable energy credits, EW Link – a set
of standards and best practices to connect distributed energy assets to the blockchain,
and the D3A Simulation – a tool to evaluate the economic impacts of a blockchain based
transactive energy model for electricity grids.” She contributed to the creation of the 3 highly
important Energy Web technologies.
EW Origin, EW Link, and the D3A…which is now known
as the Grid Singularity energy exchange. Although, before Energy Web
we can see from the profile, she worked for RMI, the Rocky Mountain Institute,
for a whopping 5 years…and if you didn’t know, Rocky mountain is one of the two co-founders,
of Energy Web along with Grid Singularity… So there is no doubt Claire is connected
to Energy Web on a level that goes nearly a decade deep!! I wonder what Claire
did while working for Energy Web? Well in 2018, she testified before the US Senate
on using blockchain in the Energy Sector…well did she stop there with the government? No,
No, No my friends…she joined the government….
Checking out her Linked’n we can see works
for the Whitehouse as a whitehouse fellow, serving in the executive office of the president. Placed on the special Envoy for the climate,
being a direct assistant to John Kerry. Energy Web has a mole in the Whitehouse…so the next question is are they
working on anything together? Well, we gotta go back to this tweet
from Energy Web coufounder, RMI, back in February of this year. RMI retweeted
the whitehouse and a press release from them on the buy clean task force.
RMI said “The new Buy
Clean Task Force will support low-carbon materials made in American factories. RMIemissions is
working to advance the decarbonization of industrial materials supply chains with blockchain
tech and data transparency. Onward! WhiteHouse” Hmmmmm…now if we dive into the press release
they retweeted and scroll to the section on the buy clean taskforce, the whitehouse
says this regarding it “The Council on Environmental Quality and White House Office
of Domestic Climate Policy are establishing the first-ever Buy Clean Task Force, which
will harness the federal government’s massive purchasing power to support low-carbon
materials made in American factories. So who is helping make this a reality? Well they
say “and the State Department and U.S. Special Presidential Envoy for Climate are
securing corporate purchasing commitments for low-carbon materials and technologies
through the First Movers Coalition” Yes, the US special presidential
envoy for climate, the same one Claire Henly was appointed to, as
direct assistant to John Kerry…. So is RMI and Energy Web building this? Well,
going back to RMI’s retweet of the press release we can see below RMI says “We use
#blockchain to help our friends new to this tech understand the main message.
We're
proud to partner with Energy Web on this work!” So what is the work?? Well remember the Whitehouse
Buy Clean Task Force is made to support low carbon materials made in American factories. Going to
RMIs website and their Supply Chain emissions initiatives, we can see they highlight
something called COMET…which is creating a universal greenhouse gas calculation framework
that can be used in all industrial supply chains. Now if you scroll down, they say this too
under digital infrastructure and exchanges “Improving emissions accuracy by working with
the Energy Web Foundation to create a blockchain platform that will digitally track
emissions through a supply chain” Sooo does COMET have any government connections??
Of course it does.
RMI is in direct contract with the SEC, in regards to the President's executive
orders on Climate. Here is the letter from RMI to the SEC. They say “I am pleased to submit comments
in response to the Request for Public Input on Climate Change Disclosure on behalf of RMI. We are
encouraged by President Biden's Executive Order on Climate Related Financial Risk and the G7 Finance
Ministers and Central Bank Governors Communique. The Securities and Exchange Commission's
(SEC) commitment to enhance corporate disclosure on climate risks will be
critical to support these important commitments and help mitigate systemic
risks associated with climate change. Now guess who had a talk in February of
which the SEC attended? February 24th, Energy Web hosted the Make Money Green ESG &
Financial Regulation event and yup, as you can see the SEC was there…specifically commissioner
Allison Herren Lee, as an official guest. Now remember the beginning of this episode,
it was the whitehouse investigating bitcoin mining…well look at what we have here.
A
pinned tweet by RMI, released last month May 9th…It says “Proud to announce a new approach
to decarbonize electricity-intensive industries in partnership w/ Energy Web. The approach is
applicable to any sector and EW is currently trialing the approach in the crypto sector with
a link to learn more about their case study. Going to this….yup it’s green proofs for BTC.
It says “to maximize the impact of renewables used to power Bitcoin and bring greater
transparency to the networks carbon footprint, Green Proofs for BTC combines Energy Web’s Green
Proofs technology solution with a new assessment approach co created with GMI for determining the
impact of different renewable energy purchases” How do you like them apples? Green apples to
be specific!! Cheers I’ll see you next time!
