Wilson then asks about Europe and wonders “if there is more room to improve Bitcoin policy there?” Pines explains, “One thing that makes it unique is it is an economic union, but not a political union … the euro is a new thing, it has only been around for like 30 years, not that much longer than bitcoin has been around, so they [Europe] have a lot of vested political interest in the success of the euro.” He adds, “They have a much more acute sense of currency as a politically-unifying entity, and anything that could come in and chip away at that is going to be inherently regarded suspiciously.”
Wilson asks about Pines’ work with the Bitcoin Policy Institute, which he describes, “Got together to put out more rigorous, thoughtful, fact-based research analysis on Bitcoin-specific policy issues to help inform the conversation and to provide resources … to help inform policy decisions.”
McClurg furthers this thread by asking about the narrative that has been attributed to Bitcoin’s energy consumption, and “what they [Bitcoin Policy Institute] are doing to combat that narrative.” Pines explains, “You can rebut it with arguments, but you ultimately need data to look at what is happening on the ground … and investigate the claim empirically.” He goes on to say, “Bitcoin mining companies investing millions of dollars in operations in states around the country with job creation and tangible impacts across the grid, that is a more enduring story that is by definition not refutable.”
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