Bitcoin Q&A: Why “Energy Consumption” Math Sucks

Bitcoin Q&A: Why "Energy Consumption" Math Sucks thumbnail

Jeff Brown The Near Future Report

Can you have a secure blockchain without mining or energy consumption? Are the energy consumption statistics shared by the media reasonable? Why is it important to focus on energy generation and not energy consumption? The number of transactions in Bitcoin is almost independent of energy consumption. Is it time to start pricing carbon’s externalities? How can Bitcoin mining finance alternative energy solutions?

Chapters
0: 00 Do you think it’s possible to have a blockchain that has the five pillars of a fair currency while there’s no mining?
2: 02 It is a bit hypocritical to say, This form of energy consumption, which I’m not using, is wasteful!
3: 28 It is up to us to decide whether we will start recommending to the markets which energy use is best
6: 00 They did the math wrong

This question is from an event which took place on November 10th 2018 as part of the ‘Internet of Money’ tour at the Edmonds Center for the Arts near Seattle, Washington: /

Patrons get early access to Andreas’ talks and a chance at participating in monthly live Q&As.
RELATED:
The Planetary Scale Digital Monument: Immutability and Proof of Work – 4
Proof-of Work (PoW), Proof of-Stake, (PoS), Delegated proof-of Stake (DPoS – M
8
Proof-of-work: The Value of Proof-of-WorkWhat is mining? – Q
Nonces, mining and quantum computing –
Energy consumption – I
Space mining and solar energy – M
What shouldn’t go on a Blockchain? – w
The 14nm limit, decentralization, and renewable-energy mining – s
Why is China’s mining industry so centralized? – 0
Bitmain and ASICBoost allegations –

Andreas M. Antonopoulos, a technologist who is also a serial entrepreneur, has been one of the most respected and well-known figures in bitcoin.

Follow @aantonop on Twitter:
Website: /

He is also the author of “Mastering Bitcoin”, published by O’Reilly Media. It is considered the best technical guide on bitcoin. “The Internet of Money” is a book about why Bitcoin matters.

Subscribe to the channel for more information about Bitcoin and open blockchains. Click on the red bell in order to receive notifications about new videos.

MASTERING BITCOIN, 2nd Edition: 9

Translate MASTERING BITCOIN into /

THE INTERNET OF MONEY, v1: s

THE INTERNET OF MONEY, v2: J

Translations from THE INTERNET of MONEYSpanish, ‘Internet del Dinero’ (v1) – q
French, ‘L’internet de l’argent’ (v1) – 0
Russian, ‘Internet deneg’ (v1) – g
Vietnamese, ‘Internet Cua Tien Te’ (v1) – g

MASTERING ETHEREUM Q4: K

Music: “Unbounded”, by Orfan ( )
Outro Graphics – Phneep ( )
Outro Art: Rock Barcellos ( )
Join the aantonop channel: t