The Bitcoin Matrix cover image

Brandon Quittem: Bitcoin is a Pioneer Species

The Bitcoin Matrix

00:00

What Happened in Verunga?

In inverunga, a national park in the democratic republic of congo called verunga. It's one of the main economic centers in a very poor country. Local people chop down trees from the national park and they turn em into coal to heat their homes. The bioin miners served as the pioneer species, essentially subsidizing the existing energy investment. And so it essentially made it possible for outsiders to invest in an energy asset that otherwise wouldn't have been economical. Because the bitcoin miners are there from day one, buying the energy. Its wat makes the energy investment more attractive. That symbiosis between the miners and the energy assets created all kinds of amazing downstream effects for the region.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app