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MarkWarner's profile
Mark Warner
Mark Warner
Mark Warner
Verified account
@MarkWarner

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Mark WarnerVerified account

@MarkWarner

Serving Virginia in the US Senate. Vice Chairman, Intel Committee. Dad, Husband, Budget Wonk. Previous: Serial entrepreneur, business guy, 69th Governor of Va

Virginia
warner.senate.gov
Joined July 2007

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    Mark Warner‏Verified account @MarkWarner Feb 6

    I was an early investor in cell phones back in the '80s, and I believe #blockchain has the potential to be just as transformational as cell phones. As our government begins to look at #crypto, I don't think you can separate #cryptocurrencies from the technology they're based on.pic.twitter.com/EneUMfcgJ3

    Warner on Bitcoin
    Senate Banking Committee hearing on virtual currencies - February, 6, 2018
    1:19 PM - 6 Feb 2018
    • 4,221 Retweets
    • 8,940 Likes
    • FARMcoin ajaxthecrypto さや🌸 Billy_Valentine Gijsbert Koren Grand initiator Julio Oliveira Blockie Chan jay3.14
    416 replies 4,221 retweets 8,940 likes
      1. Mark Warner‏Verified account @MarkWarner Feb 6

        Full video from today’s #crypto hearing in the Senate Banking Committee: https://youtu.be/kepYlbFZN9I  #cryptocurrency #bitcoin $BTC #blockchain #Ethereum

        91 replies 292 retweets 886 likes
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      1. New conversation
      2. D. Brian Walton‏ @dbrianwalton Feb 6
        Replying to @MarkWarner

        Was there any discussion on the energy costs associated with the computation necessary to maintain these blockchains?

        58 replies 1 retweet 24 likes
      3. D. Brian Walton‏ @dbrianwalton Feb 6
        Replying to @dbrianwalton @MarkWarner

        https://spectrum.ieee.org/energy/policy/the-ridiculous-amount-of-energy-it-takes-to-run-bitcoin …

        27 replies 1 retweet 16 likes
      4. Cryptolas Cage‏ @cryptolas_cage Feb 6
        Replying to @dbrianwalton @MarkWarner

        Have you considered the ridiculous amount of energy it requires to keep banks open?

        9 replies 10 retweets 284 likes
      5. Cryptolas Cage‏ @cryptolas_cage Feb 6
        Replying to @cryptolas_cage @dbrianwalton @MarkWarner

        Think about it. How much energy do you think every bank in the world combined uses on a daily basis?

        5 replies 3 retweets 134 likes
      6. D. Brian Walton‏ @dbrianwalton Feb 6
        Replying to @cryptolas_cage @MarkWarner

        That's a great question. What is the right measure to ensure the comparison is valid, since crypto is not close to a dominant currency method?

        6 replies 0 retweets 19 likes
      7. Cryptolas Cage‏ @cryptolas_cage Feb 6
        Replying to @dbrianwalton @MarkWarner

        Megawatts would be ideal, but hard to tell exact wattage required for any one location, sky scraper, or server owned by banks. But you have to grade it on an ever moving curve since energy requirements of crypto constantly change with technology advancemnts

        3 replies 0 retweets 32 likes
      8. D. Brian Walton‏ @dbrianwalton Feb 6
        Replying to @cryptolas_cage @MarkWarner

        I'm not opposed to crypto. I just asked the question, not saying solutions aren't being developed. But I don't think total energy (wattage) is correct unless also account for relative demand in overall tracking of transactions.

        19 replies 0 retweets 14 likes
      9. Cryptolas Cage‏ @cryptolas_cage Feb 6
        Replying to @dbrianwalton @MarkWarner

        Depends on what we're measuring the energy consumption for in the first place then

        5 replies 0 retweets 12 likes
      10. 3 more replies
      1. New conversation
      2. Altcoin Buzz‏ @Altcoinbuzzio Feb 6
        Replying to @MarkWarner

        Thankfully we have guys like Mark Warner who are able to go to bat for the young people of this country, so that we can get some forward progress.

        6 replies 20 retweets 443 likes
      3. rich‏ @alchemrich Feb 6
        Replying to @Altcoinbuzzio @MarkWarner

        These are really exciting times. Times to lead from the front, by example and settle these seas. I am pumped! 👊🏽

        0 replies 1 retweet 44 likes
      4. End of conversation
      1. New conversation
      2. Morgan‏ @NODEfather Feb 6
        Replying to @MarkWarner

        Bitcoin is the ONLY Blockchain

        2 replies 1 retweet 16 likes
      3. gregory garcia‏ @ggarcialoco Feb 6
        Replying to @NODEfather @MarkWarner

        False

        2 replies 0 retweets 8 likes
      4. Sweet, golden, and caramelized‏ @JHICFO Feb 7
        Replying to @ggarcialoco @NODEfather @MarkWarner

        The only blockchain with censorship resistance and network effects. So true - bitcoin is blockchain. This is a very concerning misunderstanding among the uninformed.

        1 reply 1 retweet 9 likes
      5. 1 more reply
      1. Steven Aitchison‏ @StevenAitchison Feb 6
        Replying to @MarkWarner

        Well done @MarkWarner for having the foresight to back what is inevitably going to change the world. Great to see men like yourself speaking out.

        0 replies 2 retweets 36 likes
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      1. El Guapo‏ @ElGuapitan Feb 6
        Replying to @MarkWarner

        Thank you Senator for having the vision to let this new asset class develop.

        0 replies 1 retweet 60 likes
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      1. New conversation
      2. Bonzo Corleone‏ @bonzocorleonee Feb 6
        Replying to @MarkWarner

        pic.twitter.com/F6ld7naNXt

        1 reply 0 retweets 58 likes
      3. 1 more reply
      1. New conversation
      2. Andres Freund (Pol)‏ @AndresFreundPol Feb 6
        Replying to @MarkWarner

        Gaaaaaaaah.

        1 reply 0 retweets 1 like
      3. Andres Freund (Pol)‏ @AndresFreundPol Feb 6
        Replying to @AndresFreundPol @MarkWarner

        Seriously, blockchains are basic old crypto technologies wrapped by layers upon layers of hype.

        2 replies 1 retweet 2 likes
      4. JaredBH‏ @JaredJBH Feb 6
        Replying to @AndresFreundPol @MarkWarner

        Seriously, cell phones are basic old radio technologies wrapped by layers upon layers of hype.

        1 reply 0 retweets 17 likes
      5. Andres Freund (Pol)‏ @AndresFreundPol Feb 6
        Replying to @JaredJBH @MarkWarner

        Except, not really. There's significant amounts of new technologies, algorithms etc built to make it a reality.

        2 replies 0 retweets 0 likes
      6. Tommy Strømner‏ @Stroemner Feb 6
        Replying to @AndresFreundPol @JaredJBH @MarkWarner

        The first Nokia phones is where we are today if we compare cellphones to crypto. Doe’s it mather if its old tech? When the whole space will eventually give birth to new ideas, new blockchain technology and other new tech like hashgraph etc.

        2 replies 0 retweets 5 likes
      7. Andres Freund (Pol)‏ @AndresFreundPol Feb 7
        Replying to @Stroemner @JaredJBH @MarkWarner

        It matters because pretty much all the blockchain based technology lacks in their fundamentals. The whole cryptocurrency craze is largely a case study in why regulation exists, and most of the other uses of blockchains aren't using it for more than a cryptographic signature.

        4 replies 0 retweets 0 likes
      8. Andres Freund (Pol)‏ @AndresFreundPol Feb 7
        Replying to @AndresFreundPol @Stroemner and

        I'm not saying there can't be relevant and even positive outcomes, but saying it'll be as transformational as mobile phones seems to either massively undersell the societal impact of mobile phones, or oversell the potential of blockchains.

        3 replies 0 retweets 0 likes
      9. JaredBH‏ @JaredJBH Feb 7
        Replying to @AndresFreundPol @Stroemner @MarkWarner

        It was difficult for people to understand the world network of information Tesla talked about when he was doing experiments with spark gap generators. Often inventors dream of a world with their invention perfected, but then have to deal with reality of getting from point a to b

        1 reply 0 retweets 5 likes
      10. 3 more replies

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