An open letter to
@BillGates
Dear Bill
It is a free world, so I celebrate the fact you have the freedom to express your opinion "Bitcoin is useless".
Equally, as a person of influence, you have the duty of care to make sure that your opinion is an informed one.
Your comment "Bitcoin is useless" demonstrates that either
a. You are uninformed, or
b. You do not care for vast swathes of human life.
Considering your well documented philanthropic efforts, I will assume it is the former, not the latter.
So as someone who has spent a little more time than you researching the uses of Bitcoin, let me lay it out to you unambiguously.
When you say "Bitcoin is useless", you are saying that:
1. Fast tracking the delivery of renewable energy to millions of Ethiopians is useless
x.com/DSBatten/status/188677…
2. Getting aid to 1000s of war refugees is useless
cnbc.com/2022/03/23/ukrainia…
3 Developing energy independence for Bhutan is useless
impact.economist.com/project…
4. Saving National Parks in Africa from closure is useless
technologyreview.com/2023/01…
5. Helping Afghanastani women avoid State-level financial discrimination is useless
bitcoinmagazine.com/culture/…
6. Establishing the economic sovereignty of 14 African nations still experiencing French financial colonization is useless
foreignpolicy.com/2021/08/03…
7. The idea of creating an alternative to a monetary system which can and does elongate wars, increase wealth gaps, bail out bankers but fail to protect employees and small businesses is useless
amazon.com/Engine-Inequality…
8. The potential to provide banking to up to 2 Billion unbanked is useless
impact.economist.com/project…
cnbc.com/2023/03/26/bitcoin-…
9. Providing a financial system that is harder to use for money laundering than fiat currency is useless
decrypt.co/125623/crooks-def…
10. Removing the risk of financial reprisal for running humanitarian campaigns in autocratic nations where 5.7Billion people live is useless
bbc.com/news/world-africa-56…
11. Providing up to 250 Million people in countries experiencing hyperinflation a means to stop 50%+ erosion of their family savings per year is useless
cointribune.com/en/argentina…
12. Allowing people in developing nations to receive remittance payments from family without delays and without heavy fees is useless
thenextweb.com/news/el-salva…
13. Having a secure, permissionless, decentralized, 24/7 store of value with fixed monetary supply is useless
bitcoin.com/get-started/the-…
14. The accomplishment of becoming the world's most sustainably powered industry is useless
x.com/DSBatten/status/167032…
15. Accelerating the renewable transition by making renewable generation more profitable is useless
news.cornell.edu/stories/202…
16. Reducing more emissions from landfills than the largest DAC project in the world ever achieved is useless
renewableenergymagazine.com/…
17. Developing an monetary financial system with significantly lower emissions and emissions intensity than the banking system is useless
nasdaq.com/articles/a-compar…
x.com/DSBatten/status/167133…
18. Helping bring energy abundance to these 1800 African villagers have no value
unherd.com/2024/01/the-afric…
As I'm sure you'll agree, these uses are not only far from useless, but coincide with the very environmental and humanitarian causes that you have set up a foundation to help!
While have read many books, it is clear however from your comments that a book on Bitcoin has not yet been one of them. Can I suggest you take steps to remedy this if you're planning on saying more about Bitcoin?
As it stands, you are in your ignorance belittling a technology that is helping vast numbers of people already - often on matters of life or death, human dignity and basic human freedoms - and many of whom are those in the African continent that have publicly stated that you care greatly about.
Please do better in your research, and be more evidence-based in your comments next time Bill.
Sincerely
Daniel Batten
Climatetech Investor and Bitcoin analyst