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Episode 6 - Let's Talk Privacy, Mobile Phones and Bitcoin

Closed Network Privacy Podcast

00:00

The Energy Crisis, or Bulshet?

Bulshet: There is a lot of misinformation about how much an energy is consumed to run a transaction versus mining a bithoin. Bulshet: Etherium will move to a proof of stake eventually, where those who just hold the coins in a wallet on a node can validate transactions and earn rewards for doing that. He says credit far surpasses the need for power to be powering something that is decentralized.

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