45. Bitcoin's energy consumption
The Bitcoin Standard Podcast
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The Proof of Work in the Fiat System
The government that can marshal more power into. the most kilowatts in the service of its war will necessarily win, he says. The reason you can't opt out of a proof of stake currency like the fiat dollar and opt into proof of work currency like gold is because of action. Nobody has any reason to put their money in an altcoin or in a coin or in anything if it's just purely government backed paper. People would rather have the good money that can be used outside the country.
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