MI128: Why Buy Bitcoin w/ Andy Edstrom
The Intrinsic Value Podcast - The Investor’s Podcast Network
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Is Bitcoin Bad for the Environment?
I love to touch on some of the common misconceptions around bitcoin and get your thoughts. Let's start with the environmental cern. Many people will state that bitcoin is bad for the environment because of the amount of energy that is required to run the protocol. The data i've seen indicate that total energy usage to extract gold, d to mine gold, and keep that monetary system running, is something like three times the energy usage of the bitcoin network. So bitcoin is currently more efficient in terms of energy usage than gold, by the way.
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