Hass McCook: Bitcoin Is the Monetization of Energy. If It Does Not Succeed, Humanity Is in for a Bad Time.
Todays guest is Hass McCook, he is a civil engineer working on economic infrastructure like building roads and tunnels and has a lot of experience in mining. He did his MBA in Oxford and conducted his first research about the Sustainability of Bitcoin in 2014, he updated and expanded this work in 2018 with the paper “The Cost and Sustainability of Bitcoin” and was presenting his insights into the “Environmental & Social Impacts of Gold & Bitcoin” at the Baltic Honeybadger Conference in Riga in 2019.
- Bitcoin is hard money
- Energy consumption of Bitcoin
- Environmental impact of mining Gold, of FIAT printed money, coins and of banks
- Energy consumption vs. CO2 emissions
- Efficiency improvements
- Digiconomist uses same methodology in research, but conclusions are intellectual inhonest
- Cost to mine a bitcoin is about 6.500 USD today
- More hashpower will be put into the system as long as there is some money to make
- Price drop at the beginning of 2019 was also because of a miners war
- Market driven per Antminer S9
- Australia has powerful coal lobbies, small solar-energy industry
- Australian Bitcoin scene
- Gold is useful in tech, a good way to store money, but unethical
- Gold is useless, unethical
- Learning about Bitcoin
- Full Nodes
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