
45. Bitcoin's energy consumption
The Bitcoin Standard Podcast
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Technology Drives Declationary Pressure on the Oil and Gas Industry
Technology drives deflationary pressure on any good or services that should ever exist. How is it we're pulling over 20 million barrels of the stuff a day out of just one country sometimes in the Middle East? Yet the prices of our fuel still keep steadily going up. What I'm starting to realize is even though that's counter-intuitive, what you're really seeing is the fact that fiat currencies and being able to manipulate are extremely hard to stop.
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