The Breakdown cover image

The Future of the Bitcoin Energy Debate, Feat. Troy Cross

The Breakdown

00:00

Bitcoin's Energy Use Is Never a Waste

I think we're in a moral panic, and because of that, we're willing to lash out and pass extreme legislation. I mean, basically, the only electrons you should use to mind bit coin are electrons that are absolutely wasted. If it uses a single electron that somebody else could have used for any other human purpose, then that's terrible. And since that's likely to happen, bitcoin should not exist. Let's, as one critic said, burn it to the ground and send its ashes into the sun. But i think even beneath that, the value bithoin something deeper, which is something like the right to use energy once purchased, in the way that you see fit.

Play episode from 36:13
Transcript

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