This is the most succinct one-stop-shop on the subject of Bitcoin energy usage and why it is okay and should actually be encouraged that Uncle Marty has come across to date.
Last Friday, our friend Parker Lewis released his 3rd issue of Gradually, Then Suddenly, in which he does an incredible job of walking readers through why Bitcoin doesn't waste energy. Obviously, this is a topic that this rag is especially passionate about, so anytime we find an opportunity to signal boost quality content on the subject, we will shill it relentlessly.
The best part about this piece is that Parker does an incredible job of framing the argument. One cannot understand why it is okay that Bitcoin consumes so much energy unless they truly understand the magnitude of the problem that Bitcoin is solving. I highly recommend you freaks check it out if you are still hung up on the amount of energy consumed to mine bitcoin, or share it with a friend/family member who is skeptical for this reason.
This is the most succinct one-stop-shop on the subject of Bitcoin energy usage and why it is okay and should actually be encouraged that Uncle Marty has come across to date. So much of the energy consumption FUD that is paraded in the mainstream by truly confused individuals stems from a lack of understanding of the problem Bitcoin solves and how energy consumption factors into the solution. We live in a world filled with the blind leading the blind. People being force-fed narratives by uninformed mouthpieces working on behalf of the incumbent system.
Luckily for us, there are more and more people who have done their homework, dedicated the time to truly understand a problem, how it fits into the context of our current condition, and are now pivoting their efforts towards relaying that knowledge to the rest of us. All of this enabled by the ability to publish content on the web independently. Giving us a chance to combat the laziness that is exhibited by the status quo. An amazing time to be alive.
Do your part. Combat Bitcoin energy consumption FUD with informed logic by sharing this piece.
[Disclosure: Unchained Capital is a sponsor of this newsletter.]
Vibes are high right now. Feeling invigorated. Like I could crush a parkour session right now.