"...And we’re just considering two sources of nonrival energy: clean energy curtailment in China, and vented/flared gas in the U.S. There are many other sources of stranded and nonrival energy sources globally. Suffice to say, there’s enough nonrival energy out there to run Bitcoin many times over. It’s just a matter of deploying hashrate in the right locations, which miners are doing — aggressively." - Nic Carter We have another great piece on the energy debate around Bitcoin, this time responding to a Bloomberg article by Noah Smith, but this time with a little twist. It's not so much about the environmental problem, but the economics and problems of the energy cost of the system, its explosive rise during bull markets, and how this threatens alternative uses, increases costs, and takes precious resources away from chip foundries producing much needed smartphones and computer processors. Is there anything to this criticism? Nic Carter responds in today's article: Noahbjectivity on Bitcoin Mining: https://medium.com/@nic__carter/noahbjectivity-on-bitcoin-mining-2052226310cb The first article in question - "Bitcoin Miners are on a Path to Self-destruction": https://www.bloomberg.com/opinion/articles/2021-03-24/bitcoin-miners-are-on-a-path-to-self-destruction And Noah's rebuttal discussed in the Guy's Take: https://noahpinion.substack.com/p/bitcoin-mining-and-resource-use Don't forget our glorious sponsors: The SO much better than your stupid 401K plan - Swan Bitcoin (swanbitcoin.com/guy) & the "Love your keys like family," secure, open source hardware wallet - BitBox02 (guyswann.com/bitbox) --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"When I thought about what is the defining difference between the Bitcoin maximalists and my yuppie elite friends, the surface level distinctions that popped out were political (e.g., libertarianism, Trump support, second-amendment rights, Black Lives Matter).  But these stem from a deeper divide: the degree to which a person has trust in the system." - Croesus Why is it that some of the most intelligent people can both be the first to grasp the astounding benefit and value of Bitcoin, but simultaneously be the ones who dismiss it with the greatest prejudice, and refuse to entertain that there may be anything at all of value? What is the difference between those two groups, can we narrow down where the core problem loves? Find out in today's read by Croesus at the amazing Citadel21 publication. Titled... Why the Yuppie Elite Dismiss Bitcoin https://www.citadel21.com/why-the-yuppie-elite-dismiss-bitcoin Shout out to Preston Pysh for reminding me of this one, and to Citadel21 for their amazing resource and collection of works. They also happen to be today's "Bitcoin Resource" and I highly recommend doing a little exploring over on their page below: https://www.citadel21.com/ A huge thank you to our amazing sponsors: SwanBitcoin - The #1 place to setup your automatic Bitcoin savings plan! (SwanBitcoin.com/guy) BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox) --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message