2min chapter

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

BTC138: A Progressive's Case for Bitcoin w/ Jason Maier (Bitcoin Podast)

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Power of Incentives for Efficiency

The technology Bitcoin miners like the actual computers that are doing this work is improving constantly. And so just sort of speaking to this idea that we shouldn't demonize the electricity use, but we should be open to saying can I do the same job more efficiently? That's already happening with Bitcoin miners. It's not a matter of like some government regulation to say your car needs to be this efficient. The incentives are built in because like Bitcoin mining is a really low margin proposition,. So it doesn't help you to have not the most efficient machine.

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