Daniel Batten|11月 28, 2025 18:00
An open letter to @paulkrugman
Dear Paul
Last week you publicly reiterated your contention that Bitcoin has no value.
This intrigued me, since by saying that you are saying that:
1. Allowing refugees to re-establish a life with their savings in tact (329K people so far impacted) has no value https://www.cnbc.com/2022/03/23/ukrainian-flees-to-poland-with-2000-in-bitcoin-on-usb-drive.html
2. Developing energy independence for Bhutan (782,455 people) had no value https://impact.economist.com/projects/banking-the-underbanked/
3. Saving 7,800 sq km of National Park in Africa (in the words of the park owner) has no value https://technologyreview.com/2023/01/13/1066820/cryptocurrency-bitcoin-mining-congo-virunga-national-park/
4. Fast tracking the delivery of electricity to 54 Million Ethiopians who currently have no access to electricity has no value https://x.com/DSBatten/status/1886776648621531243
5. Helping Afghanastani women avoid State-level financial discrimination (20 Million people impacted) has no value https://bitcoinmagazine.com/culture/bitcoin-financial-freedom-in-afghanistan
6. Establishing the economic sovereignty of 14 African nations still experiencing French financial colonization (205 Million people) has no value https://foreignpolicy.com/2021/08/03/macron-france-cfa-franc-eco-west-central-africa-colonialism-monetary-policy-bitcoin/
7. Provide banking to the unbanked (1.8 Billion people) has no value https://impact.economist.com/projects/banking-the-underbanked/ https://cnbc.com/2023/03/26/bitcoin-is-poised-to-blow-up-africas-86-billion-banking-system.html
8. Having a global monetary system whose fixed monetary supply cannot elongated wars and increase wealth gaps has no value https://amazon.com/Engine-Inequality-Future-Wealth-America/dp/1119726743
9. Providing a financial system that is harder to use for money laundering than fiat currency accoring to the US Treasury has no value https://decrypt.co/125623/crooks-defi-crypto-fiat-treasury
10. Removing the risk of financial reprisal for running humanitarian campaigns in autocratic nations where 5.7Billion people live, has no value https://bbc.com/news/world-africa-56169917
11. Preventing a 50%+ p.a family wealth erosion for people in countries with hyperinflation or high inflation (250 Million+ people) has no value https://cointribune.com/en/argentina-bitcoin-faces-100-inflation-rate/
12. Allowing an estimated 1 Billion people to receive remittance payments from family without delays or 5-15% fees has no value https://thenextweb.com/news/el-salvador-first-adopt-bitcoin-real-money-good-news-unbanked-syndication
13. Having a secure, permissionless, decentralized, 24/7 store of value with fixed monetary supply has no value https://bitcoin.com/get-started/the-benefits-of-bitcoin/
14. Becoming a net promotor of renewables by becoming the first global industry to be majority-sustainably powered has no value https://www.jbs.cam.ac.uk/2025/cambridge-study-sustainable-energy-rising-in-bitcoin-mining/
15. Accelerating the green energy transition by making renewable generation more profitable has no value https://news.cornell.edu/stories/2023/11/bitcoin-could-support-renewable-energy-development
16. Enabling renewable microgrids,to deliver electricity to 28K rural villagers in Africa (potential impact: 600 Million) has no value https://unherd.com/2024/01/the-african-village-mining-bitcoin/
17. Developing an monetary financial system with significantly lower emissions and emissions intensity than the banking system has no value https://nasdaq.com/articles/a-comparison-of-bitcoins-environmental-impact-with-that-of-gold-and-banking-2021-05-04 https://x.com/DSBatten/status/1671336675497349121?s=20
18. Reducing more emissions from landfills than the largest DAC project in the world ever achieved has no value https://renewableenergymagazine.com/biogas/companies-launch-pilot-using-landfill-methane-emissions-20230502
That's a lot of human lives you've just implied have no value.
Care to comment?
Or should we rather see your comments on Bitcoin as an extension of a past habit of judging generational technologies as useless prior to you researching or using them?(Daniel Batten)
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink