We Study Billionaires - The Investor’s Podcast Network BTC092: Bitcoin Energy & Custody w/ Parker Lewis & Will Cole (Bitcoin Podcast)
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Aug 23, 2022 
Parker Lewis and Will Cole, both Bitcoin thought leaders from Unchained Capital, discuss the fascinating relationship between Bitcoin and the energy sector. They explore how Bitcoin mining can drive energy demand and the implications of ESG practices on investments. The duo emphasizes the importance of secure Bitcoin custody and the risks associated with 'paper Bitcoin.' They also touch on innovative ways to purchase Bitcoin and the impact of rising interest rates on the economy, advocating for self-custody and a free-market approach to energy.
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Bitcoin and Energy Convergence
- Bitcoin's value comes from its fixed supply of 21 million, which requires energy to secure.
- This energy demand incentivizes energy development and merges the energy and Bitcoin sectors.
Proof of Work vs. Proof of Stake
- Proof of work is essential for Bitcoin's value, similar to how gold's price determines energy expenditure for extraction.
- Proof of stake resembles shareholder voting, unlike Bitcoin’s decentralized security.
Regulatory Capture Risk of Staking
- Staking on exchanges creates regulatory capture risk, where governments can influence staked coins.
- This centralizes control, contrasting Bitcoin's decentralized nature where no single entity can change the rules.