3min chapter

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#284 – Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics

Lex Fridman Podcast

CHAPTER

I'm a Barsof Fan Because of Messi, Right?

Bitcoin is not competing with Portugal because Bitcoin is buying energy from places where we can't buy it. That's why you see those headlines about Bitcoin consuming more energy than Portugal. So if you look at Portugal, I mean, they've got giant power plants in Portugal. They've got millions of people and they've got enormous amounts of infrastructure. Where are all of these infrastructure for Bitcoin mining? You don't see it in the cities. It's all out away from the cities or it's connected to grids that have serious overcapacity. And when you first see a person and you see the genius and you notice that, and then it turns out to be actually a great player. For some

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