3min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

BTC099: Michael Saylor's Deep Dive on Bitcoin Energy Misconceptions (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Why Bitcoin Requires Energy to Tether It to Reality

Michael Saylor: Last week I did a deep dive on proof of work and proof of stake. And one of the things that Jason Lowry has really outlined in what I think is a meaningful way is why Bitcoin requires energy to tether itself to reality. The whole premise that is required for the universe to function is conservation of energy, he says. In cyberspace, an object without energy is an image. A person without energy is a ghost. When you make a comment and there's no energy to back it, it lacks credibility.

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