45. Bitcoin's energy consumption
The Bitcoin Standard Podcast
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The Analysis of the Economics of Energy
I'm finishing up currently chapter 8 of Principles of Economics, my economics textbook. I thought it would be very useful to reiterate the main points and discuss them with how they relate to Bitcoin. We understand that human time is the ultimate scarcity. It's the one thing that we can't just continue to make more of indefinitely. But with all other materials and resources, we continue to makes more and more of them.
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