45. Bitcoin's energy consumption

Saifedean joins Nick Carey to discuss money as a civilizational force: why mainstream economics has an inflation blind spot, how banks "mine" fiat through credit creation, why the rich hold negative fiat balances to acquire hard assets, and how inflation funds war, corrodes moral ...  Show more

Lecture 17 of Principles of Economics explores the economics of defense as a market good rather than a uniquely governmental function, how law and order emerge through voluntary provision, the failure modes inherent of the state's monopoly over defense & law, and what a free mark ...  Show more

IN THIS EPISODE, YOU'LL LEARN: Does China control all the Bitcoin mining? Bitcoin uses so much energy, isn't that an issue? How Bitcoin is increasing productivity by reducing methane flaring How Bitcoin is slowly changing the power grid (for the better) Is it better to invest in ...  Show more

IN THIS EPISODE, YOU’LL LEARN: 01:48 - Why does Michael believe that if the money isn't scarce, every desirable good on the planet will become scarce? 09:25 - What is irrational urgency and why does it exist with a fiat system? 21:07 - Is it possible to not inject energy into ...  Show more

In this insightful episode, we dive into the dual role of Bitcoin mining rigs in both generating cryptocurrency and heating water at home. Our guest, a skilled Bitcoin engineer, shares the technical nuances and environmental considerations of his unique setup. The conversation al ...  Show more

IN THIS EPISODE, YOU’LL LEARN: 01:47 - How Bitcoin first got into Shaun's life as an energy executive. 07:48 - What was the reaction of most energy company executives that are learning about Bitcoin? 12:16 - How fast is Bitcoin being adopted into the grid's infrastructure? 14 ...  Show more