Ram and Krishna take on the never-ending debate about Bitcoin's energy consumption. We recap why Bitcoin needs energy in the first place, compare its energy consumption with other activities and also uncover the hidden costs of US Dollar a.k.a Petrodollar.
Topics discussed
- Why Bitcoin uses energy?
- Comparison of energy consumption of other activities
- Petrodollar
- Bitcoin incentivizes renewable energy
- Evolutionary approach to energy consumption
Resources
- The Frustrating, Maddening, All-Consuming Bitcoin Energy Debate, Nic Carter
- Uncovering The Hidden Costs Of The Petrodollar, by Alex Gladstein
- PoW is Efficient, by Dan Held
- Bitcoin Does Not Waste Energy, by Parker Lewis
- Bitcoin Net Zero, NYDIG
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