Read_550 - Bitcoin's Energy Use isn't a Problem, Here's Why [Lyn Alden]

August 12, 2021 02:07:28
Read_550 - Bitcoin's Energy Use isn't a Problem, Here's Why [Lyn Alden]
Bitcoin Audible
Read_550 - Bitcoin's Energy Use isn't a Problem, Here's Why [Lyn Alden]

Aug 12 2021 | 02:07:28

/

Hosted By

Guy Swann

Show Notes

"And it’s easier to sensa­tion­alize things for pageviews or polit­ical gain. For example, it’s commonly said that the Bitcoin network uses more energy than some countries. That’s true, but then so does Google, Youtube, Netflix, Facebook, Amazon, the cruise industry, Christmas lights, house­hold drying machines, private jets, the zinc industry, and basically any other sizable platform or industry. From that list, Bitcoin’s energy usage is the closest to that of the cruise indus­try’s energy usage, but bitcoins are used by more people, and the network scales far better." - Lyn Alden Today we read an amazing and comprehensive view of the entire argument around Bitcoin and energy with all of the fallacies and misunderstandings. Is Bitcoin's energy use really a problem? Find out! Check out the full article with tons of extra to help visualize the arguments and explore further at the Swan Bitcoin blog: https://www.swanbitcoin.com/bitcoins-energy-usage-is-not-a-problem-heres-why-by-lyn-alden/ Don't forget your goodies from our awesome sponsors! 5% off the BitBox02 with code "GUY," your bank grade digital vault for your Bitcoin keys from Shiftcrypto.ch And secure your Bitcoin future by starting your automatic savings plan at SwanBitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Other Episodes

Episode

October 20, 2021 01:23:05
Episode Cover

Read_571 - The Quest For Digital Cash [Alex Gladstein]

"The fight that the cypherpunks mounted was one of the main reasons that the U.S. government lost the Crypto Wars. The authorities tried to...

Listen

Episode

April 13, 2018 00:22:04
Episode Cover

CryptoQuikRead_049 - Understanding The Lightning Network Part 3

Completing the Lightning Puzzle with Part 3 of Understanding the Lightning Network.  The riveting conclusion of Aaron van Wirdum's series on the Lightning protocol...

Listen

Episode

July 27, 2022 02:45:05
Episode Cover

What is Money, Anyway? [Lyn Alden]

"If a money (the most salable good) is easy to create more of, then any rational economic actor would just go out and create...

Listen