The HiFi Bitcoin Letters
The HiFi Bitcoin Letters
Letter #202: FUDBusters - Bitcoin Uses A Lot Of Energy? Bitcoin Is Worth Every Joule
0:00
-3:05

Paid episode

The full episode is only available to paid subscribers of The HiFi Bitcoin Letters

Letter #202: FUDBusters - Bitcoin Uses A Lot Of Energy? Bitcoin Is Worth Every Joule

Read now to learn how Bitcoin's growing energy usage is one of its most important features.

Dear Readers,

I’ve seen a lot of strange things happen in the “Crypto” space, but I admit that seeing a climate lobbyist attack Bitcoin over and over again at the request of and with funding from the leader of another blockchain was unexpected. Unfortunately, so many people in today’s world still don’t understand why Bitcoin is one-of-a-kind, irreplaceable money, so I expect the attacks will continue for some time.

Truth: Bitcoin Does Use A Lot Of Energy

Critics are right about one thing: Bitcoin does use a lot of energy. At any given time, there are tens of thousands of powerful machines around the world sucking up massive amounts of electricity and using it to make Bitcoin one of the strongest computer networks in the world, and the only truly decentralized one.

This post is for paid subscribers