FUD
FUD is a disinformation strategy used by marketing and sales professionals that stands for Fear, Uncertainty, and Doubt. It’s commonly used in the sales, marketing, polling, and public relations fields. FUD is used to influence consumer perception of a competitor’s product by appealing to fear.
BANK OF AMERICA FUD
Bitcoin uses more energy than American Airlines and each $1 billion in inflows is equal to owning 1.2 million cars, Bank of America says https://markets.businessinsider.com/currencies/news/bitcoin-uses-more-energy-than-american-airlines-bank-of-america-2021-3-1030224439
In 2019, American Airlines spent $9.395 billion on fuel to generate $3.065 billion in operating income. Energy intensity is 306% vs. 1% for #Bitcoin. The primary use of BTC energy is to protect $1 trillion+ network assets, not process transactions. ~ Michael Saylor
The primary use of BTC energy is to protect $1 trillion+ network assets, not process transactions.
1 – Bank of America’s interests are behind the news about BTC?
2- There are renewable energies that could be used for mining
3- So what about the gold mines?
What about the environmental cost of digging,using bulldozers,offshore platforms to remove oil
4- what costs there are for printing money
In 2020, BAC reported that they used more than 2 million MWh of power. They also have over 200K employees who (pre and post pandemic) mainly commute to an office. They also travel on those same airplanes they cited for meetings.