Read_467 - Bitcoin Doesn't Rely on Utilities [Rollo McFloogle]

December 02, 2020 00:46:58
Read_467 - Bitcoin Doesn't Rely on Utilities [Rollo McFloogle]
Bitcoin Audible
Read_467 - Bitcoin Doesn't Rely on Utilities [Rollo McFloogle]

Dec 02 2020 | 00:46:58

/

Hosted By

Guy Swann

Show Notes

"But there is something even more interesting that happens with mining and electricity. Not only does Bitcoin mining add revenue to existing locations of energy production, but it also makes other previously unprofitable energy sources profitable." - Rollo McFloogle

A Guest post from both a patron to the show and host of the Rollo & Slappy Show, we dive into a Bitcoin Magazine piece by Rollo McFloogle. Often when you talk about Bitcoin as a future money, people attack back with the claim that it "doesn't work without electricity!" This is obviously true, but exactly how much should this matter to us, and what is the risk to the Bitcoin network really? Maybe they are just an idiot, like Grum... hear all about it in today's article, "Bitcoin Does Not Rely on Utilities."

Full article and other great stuff at Bitcoin Magazine:
https://bitcoinmagazine.com/articles/you-dont-have-to-worry-about-bitcoins-reliance-on-utilities

Thank you sponsors!
Hexa Wallet - Mobile wallet, seedless, batching, custom fees, multiple accounts & more (guyswann.com/Hexa)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)

The Cosmic Deep Dive Course! 21% off with code "guyswann"! This is not a sponsorship, but just a great way to learn about Bitcoin from incredibly knowledgable people in this space.

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Other Episodes

Episode

September 25, 2021 01:40:21
Episode Cover

Read_563 - Only the Strong Survive - Part 2 [Allen Farrington & Big Al]

"Lyn Alden captured this well in her excellent piece, An Economic Analysis of Ethereum, which we highly recommend in addition to our own. Similarly...

Listen

Episode

August 02, 2019 01:15:29
Episode Cover

GuysTake_020 - How Bitcoin Could Bring Down the State

Inflation, or manipulation of the money supply to the benefit of the politically well connected, is quite possibly the most pervasive frauds of modern...

Listen

Episode

August 07, 2018 00:30:00
Episode Cover

CryptoQuikRead_125 - Why Money Has Value & Spending Bitcoin is Senseless

Mises' and Menger’s theories of money provide deep insight, but invariably never attempted to rank the functions of money during its period of establishment....

Listen