Bitcoin Mining 101 with Sam Wouters (WiM320)
The "What is Money?" Show
00:00
The Consequences of Central Planning
In an essentially planned economy, you end up with all of this excess capacity. China has the three gorgeous dam alone, I think can put out more electricity than the entire Bitcoin network consumes. So to try and bet against the proliferation of Bitcoin is just betting against human individual self interest. And what's interesting here as well is that initially, you know, governments might be like, no, we should be using this energy for AI in some way. But actually, I'm wondering if it's going to be the opposite where they're going to be just as nitpicky about AI using energy.
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