3min chapter

Coin Stories with Natalie Brunell cover image

Nic Carter on Crypto Contagion, Proof of Reserves, FTX Clawbacks? & Bitcoin Miner Solvency

Coin Stories with Natalie Brunell

CHAPTER

Are We Making a Mistake With Bitcoin Mining?

I do fundamentally believe in decarbonization and ultimately green transition. I think the path dependency of how you get there really matters, right? We probably don't have enough rare earth metals in the ground to make sufficient batteries to run a grid just on wind and solar. The Inflation Reduction Act was kind of a landmark act, creating many more subsidies for renewables. It is actually going to work to the benefit of miners looking to use renewables. But the underlying context is not a good one. It's that we're spending funds on less reliable renewables that could maybe be put to better use elsewhere. Miners thrive on that, right? That's what all these miners out here in Texas are

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode