> WHERE TO FIND THE SHOW:
> 
> → My website: https://www.whatbitcoindid.com/podcast/
> → iTunes: https://apple.co/2OOlzVV
> → Spotify: https://spoti.fi/2ygc4W1
> → Stitcher: https://bit.ly/2IQO8fX
> → SoundCloud: https://bit.ly/2CGSVQR
> → YouTube: https://bit.ly/3nyi9Ez
> → TuneIn: https://bit.ly/2ywystr

> TIMESTAMPS:
> 
> 00:00:00 Introduction
> 00:02:16 FUD vs facts: mining’s solutions to environmental/energy issues
> 00:10:56 Bitcoin, politics and polarization
> 00:18:42 Bitcoin mining stabilizing the grid during Texas heatwave
> 00:29:21 Symbiosis between miners & energy grids; nuclear power
> 00:41:08 Breakdown of the ‘Bitcoin miners in distress’ narrative
> 00:49:43 Mining as a service
> 00:55:06 Bitcoin’s trajectory: the next halving and the next bull run
> 01:01:26 Crypto contagion, rehypothecation and margin calls



BTCMiner

There is a growing a powerful backlash against Bitcoin mining. In the past 2 months: New York’s legislative assembly established a moratorium on mining based on PoW; Dick Durbin, the second highest ranked Democrat in the Senate, tweeted that Bitcoin mining uses “obscene amounts of energy”; the European Central Bank indicated that a ban on PoW is likely by 2025.

The problem is that the growing movement against Bitcoin mining, specifically its use of energy to satisfy PoW consensus protocol, defies logic. The FUD and the facts don’t align. The reality is Bitcoin mining is providing unprecedented utility to society. It is helping to mitigate methane emissions at landfill and oil fields, whilst also providing a unique demand that stabilizes energy grids.

The concern is that the FUD is orientated along political lines. The movement against Bitcoin mining is more heavily resourced by democratic and left-leaning groups. Therefore, is the growing progressive support for Bitcoin more than just beneficial to its wider adoption? Could it be vital to dispel the disinformation? Is Bitcoin’s future dependent upon a de-polarisation of the ecosystem?

Whatever the trajectory of the discussion, one thing is clear: Harry Sudock is one of the most clear-eyed, passionate and articulate voices within our industry. With people of such uncompromising yet pragmatic vision, we have the resources to win the battle of ideas. The Bitcoin community’s role is to help circulate the facts amongst the groups spreading the FUD.

bitcoin

📺 WBD538 The Current State of Bitcoin Mining with Harry Sudock

> There is a growing a powerful backlash against Bitcoin mining. In the past 2 months: New York’s legislative assembly established a moratorium on mining based on PoW; Dick Durbin, the second highest ranked Democrat in the Senate, tweeted that Bitcoin mining uses “obscene amounts of energy”; the European Central Bank indicated that a ban on PoW is likely by 2025.
> 
> The problem is that the growing movement against Bitcoin mining, specifically its use of energy to satisfy PoW consensus protocol, defies logic. The FUD and the facts don’t align. The reality is Bitcoin mining is providing unprecedented utility to society. It is helping to mitigate methane emissions at landfill and oil fields, whilst also providing a unique demand that stabilizes energy grids. 
> 
> The concern is that the FUD is orientated along political lines. The movement against Bitcoin mining is more heavily resourced by democratic and left-leaning groups. Therefore, is the growing progressive support for Bitcoin more than just beneficial to its wider adoption? Could it be vital to dispel the disinformation? Is Bitcoin’s future dependent upon a de-polarisation of the ecosystem?
> 
> Whatever the trajectory of the discussion, one thing is clear: Harry Sudock is one of the most clear-eyed, passionate and articulate voices within our industry. With people of such uncompromising yet pragmatic vision, we have the resources to win the battle of ideas. The Bitcoin community’s role is to help circulate the facts amongst the groups spreading the FUD.

https://www.whatbitcoindid.com/podcast/the-current-state-of-bitcoin-mining