3min chapter

The Tim Ferriss Show cover image

#547: Balaji Srinivasan — Centralized China vs Decentralized World, The DeFi Matrix, Ascending vs Descending Trends, Bitcoin Mining as Energy Storage, Reputational Civil War, and Maximalism vs. Optimalism

The Tim Ferriss Show

CHAPTER

Bicoin Mining Is a Component of the Energy Grid

Biccoin mining is now understood to be something which is a component of the energy grid. It can instantaneously generate power as its being on umed. The chinese government going after bick coin mining slowed down transactions a little bit for a few weeks, but not really all of it. This is becoming a big thing, thin natural gas and soan because the flaring problem looks like this distopian blast of flame into the air when you have ecstranded gas. That gets addressed with this.

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