"If your local energy cost is effectively zero but you cannot sell your energy anywhere, the existence of a global buyer for energy is a godsend." - Nic Carter What do all the "boiling oceans" alarmist miss about the nature & incentives of Bitcoin's energy consumption? Can we determine anything meaningful about Bitcoin's energy use by looking at the state of mining today, and the trends leading us into the future? Today we read a great piece from CoinDesk by the many times Bitcoin Audible author Nic Carter, on the fallacies of the general thinking, why Bitcoin gets picked on, & the simple thing the complainers could do to solve it. Nic Carter's "The Last Word on Bitcoin's Energy Consumption": https://www.coindesk.com/the-last-word-on-bitcoins-energy-consumption?amp=1 Other excellent pieces by Nic Carter available in audio: A Most Peaceful Revolution: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_293---A-Most-Peaceful-Revolution-Nic-Carter-e5bfpm The Cat is Out of the Bag: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_340---The-Cat-is-Out-of-the-Bag-Nic-Carter-ea6ffl Don't Fear the Reaper: https://anchor.fm/thecryptoconomy/episodes/Read_436---Dont-Fear-the-Reaper-Nic-Carter-ej3h3l Unpacking Bitcoin's Assurances: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_281---Unpacking-Bitcoins-Assurances-Nic-Carter-e4sn3r If you would like to support the show & be a part of the anointed Satoshi's Audionauts, become a patron at Patreon.com/thecryptoconomy! This show wouldn't be possible without all the incredible supporters of my work, and I cannot thank you guys enough! And a thanks to Hexa Wallet for a great, non-custodial, seedless, multi-factor and multi-account mobile wallet that's great for a whole range of users, experienced and new to the space! Check them out at Hexawallet.io --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"It had a big impact on May, who melded the "Other Plane" with "Galt's Gulch" from Ayn Rand's Atlas Shrugged, which was a safe haven for rational and productive people protected from government coercion and taxation by an invisible shield. Instead of the Colorado mountains, May's cyberspace Galt's Gulch would exist on the internet, with cryptography providing protective cover." - Jim Epstein The argument between the "blockchain technology" and the "Bitcoin anarchists" happens to be a lot older than most know. Whether this is a technology that's outside the system, built to replace it, or one that is supposed to work within the system to make it faster and cheaper, can be traced all the way back to a debate between Eric Salin and crypto-anarchist Timothy C. May. What can the origins of the cypherpunk movement tell us about teh direction of Bitcoin today? Hear this amazing piece from Jim Epstein at Reason Magazine to find out! Other great pieces to accompany this read: The Truth About Smart Contracts by Jimmy Song https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_092---The-Truth-About-Smart-Contracts-e2ndrq Bit Gold by Nick Szabo https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_275---Bit-Gold-Nick-Szabo-e4o0vp Securing Property with Owner Authority by Nick Szabo https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_118---Securing-Property-with-Owner-Authority-e2ndqs The Crypto Anarchist Manifesto by Tim May https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_300-----The-Crypto-Anarchist-Manifesto-Timothy-C--May-e5p7j4 For a great and feature rich mobile, non-custodial Bitcoin wallet, our awesome supporter of Bitcoin Audible HexaWallet is where its at! Now in beta, you can get the wallet on the app store or at the link below. Fell free to ask any questions and feedback is hugely appreciated. hexawallet.io --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message