Read_454 – The Last Word on Bitcoin’s Energy Consumption [Nic Carter]
“If your local energy cost is effectively zero but you cannot sell your energy anywhere, the existence of a global buyer for energy is a godsend.” – Nic Carter
What do all the “boiling oceans” alarmist miss about the nature & incentives of Bitcoin’s energy consumption? Can we determine anything meaningful about Bitcoin’s energy use by looking at the state of mining today, and the trends leading us into the future? Today we read a great piece from CoinDesk by the many times Bitcoin Audible author Nic Carter, on the fallacies of the general thinking, why Bitcoin gets picked on, & the simple thing the complainers could do to solve it.
Nic Carter’s “The Last Word on Bitcoin’s Energy Consumption”:
https://www.coindesk.com/the-last-word-on-bitcoins-energy-consumption?amp=1
Other excellent pieces by Nic Carter available in audio:
A Most Peaceful Revolution:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_293—A-Most-Peaceful-Revolution-Nic-Carter-e5bfpm
The Cat is Out of the Bag:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_340—The-Cat-is-Out-of-the-Bag-Nic-Carter-ea6ffl
Don’t Fear the Reaper:
https://anchor.fm/thecryptoconomy/episodes/Read_436—Dont-Fear-the-Reaper-Nic-Carter-ej3h3l
Unpacking Bitcoin’s Assurances:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_281—Unpacking-Bitcoins-Assurances-Nic-Carter-e4sn3r
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This show wouldn’t be possible without all the incredible supporters of my work, and I cannot thank you guys enough!
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Read_453 – Lies, Deception, & Unnatural Money [Nik Hoffman]
“money printing only “works” if the majority of people don’t even realize that it is steadily devaluing their earnings and savings. People must be deceived into believing a false ideology about this practice, but that can only work for so long; as we’ve seen throughout history, bad money doesn’t last forever.” – Nik Hoffman
What determines a good money and a bad money, and what exactly does it mean for a money to have value? A brief journey through the concepts that define a money, and the history that informs how and why money becomes a tool for lies and deception to the ultimate detriment of society. Are we doomed to forever repeat the past, or can Bitcoin solve this problem and close the book on monetary manipulation? Find out in today’s Bitcoin Magazine article from author Nik Hoffman.
Check out the original at the link below to explore his other works, his monthly roundups, and of course follow Nik on Twitter:
https://bitcoinmagazine.com/articles/lies-deception-and-unnatural-money
Thanks to Hexa wallet for supporting Bitcoin Audible. If you want an great, noncustodial wallet to hold your on keys, don’t forget to check them out at hexawallet.io
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