
114. Why Bitcoin Changes Accounting with Darin Feinstein
The Bitcoin Standard Podcast
00:00
Bicoin Global Network Consumes a Lot of Energy Every Year
The world economic form and news week in 20 17 both came out, coincidentally with articles that said the bicoin global network is so bad for the planet. That's how much energy a country uses on an annualized basis. Without knowing that number, you have no idea if that country uses a lot of energy or not. And we know about 250 terrawat hours of energy a year. Of the hundred and 60 thousand terrawathours of energy thats generated every year. We use 16 basis points of the world's energy. That's 16 one hundredth of a % of the world’s energy are used by this network. So when representatives hear there most of them
Transcript
Play full episode