Is MARA engaging in right-wing ESG? \ stacker news ~bitcoin

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1350 sats \ 18 comments \ @jasonb 6h bitcoin

So nearly everybody in bitcoin hates ESG for all the obvious reasons. I'm not going to recap all that right now. That assumed, the E and S make a lot of sense on the personal level though, right? The problem is when they're used on an economic level. A ________(fill in the blank industry) company's bottom line is in no way benefitted by shrinking their environmental footprint or being more socially equitable.

Well, did you see this block that @Catcher found this morning?!?!

One might be annoyed that his or her transaction was ignored (not sure censored is even the correct word here), but isn't this also really bad for MARA's bottom line? Are we starting to see a new type of ESG for a new political era? Maybe this example could be of the O for obsequious? We just need two more letters and we can start rating companies on a system that has nothing to do with them delivering a good product or service.

Either way, its time for us home miners to kick into overdrive! Yee-haw!

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217 sats \ 5 replies \ @Catcher 5h

I’m not sure how it’s related to ESG, which I think everyone will forget about during Trump’s 4-year cycle. Saying that, I totally agree that every one should mine :)

0 sats \ 4 replies \ @jasonb OP 5h

I’m suggesting that as an alternative to promoting those three ideas, which have nothing to do with a company’s business model, they may pick different silly ideas to promote which have nothing to do with their business. MARA lost transaction fees and didn’t do the job of a miner (verifying some transactions) in order to make a silly portrait of the president elect.

71 sats \ 3 replies \ @freetx 5h

If they were doing this on every single mined block then perhaps....but just doing it as a one-off, this is more just like an advertising / promotion.

Obviously worked, as look how many people are talking about it.

63 sats \ 1 reply \ @denlillaapan 4h

And Mexico (!) paid for it.

uhhm, yea I think

0 sats \ 0 replies \ @jasonb OP 3h

Ha!

0 sats \ 0 replies \ @jasonb OP 3h

Yeah, I hope so.

50 sats \ 1 reply \ @SimpleStacker 2h

Eh, it's one block, and it's kinda cool. If politics over profit becomes a pattern rather than a one-off, then I'd be more inclined to call it right-wing ESG.

0 sats \ 0 replies \ @jasonb OP 2h

Fair enough

50 sats \ 1 reply \ @Bell_curve 3h

it's obviously a joke and marketing gimmick unless you count humor as a new type of ESG

We are entering a new political era hopefully it will transform America, hope and change

13 sats \ 0 replies \ @jasonb OP 3h

I actually think it’s pretty crafty, just would be bummed if people start having their transactions delayed or denied for some mining pool’s entertainment.

63 sats \ 1 reply \ @Shugard 3h

Either way, its time for us home miners to kick into overdrive! Yee-haw!

That's the spirit! It's up to us to change the world!

If we want to see change we have to start with changing first!

0 sats \ 0 replies \ @jasonb OP 3h

Boom!

13 sats \ 4 replies \ @kepford 4h

Its virtue signaling. ESG is similar but the only reason anyone knows or cares about ESG is because of Blackrock. So even if they are trying right-wing ESG it isn't even close to the same thing.

Its more akin to Target signaling they are pro LGBTQIA+ in their ads and stores.

44 sats \ 1 reply \ @jasonb OP 3h

Since real transactions would have had passed over to make this, I’d say it’s slightly more akin to target hiring some LGBTQIA+ over a qualified candidate in order to hit a quota, which I see as a greater problem. Actually, it’s literally even more like target preferring certain customers for this purpose.

50 sats \ 0 replies \ @kepford 2h

Good analogy. I mean, I don't care in either case. Do what you will with you time, talent, and treasure. The people/market will determine what they do next in response.