CD23: the state of bitcoin with @gladstein, @dergigi, and @croesus_btc
Citadel Dispatch
00:00
Is Bitcoin the Buyer of Last Resort for Energy?
I think Bitcoin as the buyer of last resort for energy, I think it's something that has a natural decentralizing effect. Ironically, it may in retrospect in 20 years, we may look back at this as kind of like a beautiful setup in a weird way. But if the opposite had been true, if mining had been concentrated in the United States at more than 50% for its first decade, maybe that would have been a worse outcome.
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