"And it’s easier to sensa­tion­alize things for pageviews or polit­ical gain. For example, it’s commonly said that the Bitcoin network uses more energy than some countries. That’s true, but then so does Google, Youtube, Netflix, Facebook, Amazon, the cruise industry, Christmas lights, house­hold drying machines, private jets, the zinc industry, and basically any other sizable platform or industry. From that list, Bitcoin’s energy usage is the closest to that of the cruise indus­try’s energy usage, but bitcoins are used by more people, and the network scales far better." - Lyn Alden Today we read an amazing and comprehensive view of the entire argument around Bitcoin and energy with all of the fallacies and misunderstandings. Is Bitcoin's energy use really a problem? Find out! Check out the full article with tons of extra to help visualize the arguments and explore further at the Swan Bitcoin blog: https://www.swanbitcoin.com/bitcoins-energy-usage-is-not-a-problem-heres-why-by-lyn-alden/ Don't forget your goodies from our awesome sponsors! 5% off the BitBox02 with code "GUY," your bank grade digital vault for your Bitcoin keys from Shiftcrypto.ch And secure your Bitcoin future by starting your automatic savings plan at SwanBitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

The word “fiat” is growing more aggrandized in the modern lexicon, however, despite its increasing popularity it is often ill defined or misused. I regularly observe people falsely call Bitcoin a fiat currency. This is thanks, not least of all, to the layman’s poor grasp of history and money. Fiat is of Latin origin, meaning authoritative sanction; a decree, command or order. Fiat does not mean “backed by nothing” or “redeemable for nothing” or “pegged to nothing.” - HAC A walk through the history of monetary expansion, the constant, and inevitable consequences, and how Bitcoin is set to change the fundamental flaw through which such manipulation is even possible. We are entering a new world. Are you ready? Some other links to check out! • Fiat Lux: The Origins of Modern Money: https://heavilyarmedclown.medium.com/fiat-lux-the-origins-of-modern-money-469dbc47567b • WTF Happened in 1971?: https://wtfhappenedin1971.com/ • History of Money and Banking in the United States: https://cdn.mises.org/History%20of%20Money%20and%20Banking%20in%20the%20United%20States%20The%20Colonial%20Era%20to%20World%20War%20II_2.pdf • What Bitcoin Did: https://www.whatbitcoindid.com/podcast/wtf-is-happening-in-2020 Check out tons of other great works & discussion at BitcoinAudible.com! Search the library for any topic or work you would like to hear, including other great pieces from Erik Cason. Don't forget your goodies from our awesome sponsors! 5% off the BitBox02 with code "GUY," your bank grade digital vault for your Bitcoin keys from Shiftcrypto.ch And secure your Bitcoin future by starting your automatic savings plan at SwanBitcoin.com/guy Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message