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BTC120: Preston's Top 5 Bitcoin Fundamental Moments, w/ Michael Saylor, Jeff Booth, Gigi, Alex Gladstein, Cory Klippsten, & Pablo Fernandez (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Bitcoin's Energy Consumption - What Are You Saying?
In 2017, the World Economic Forum posted an article that said, by 2020, the Bitcoin mining could consume the same amount of electricity every year as is currently used by the entire world. That calculation was grossly misstated, but that doesn't stop other experts from still stating such salacious headlines right now we're seeing in 2022. I think what they're missing is that the efficiency that now work is improving with Moore's law exponentially. And so when people make these statements about Bitcoin, what they're doing is the same thing. They're missing the point. It's not secured by energy. It's secured by digital energy or an encrypted energy and the efficiency with which that encryption is taking place
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