Bitcoin Subsidizes Energy Production. Bitcoin Tech Talk #227

Any time there’s a bull market, FUD starts coming out and there’s probably no FUD quite so emotional as the “Bitcoin wastes energy” argument. It’s an argument borne of simplistic analysis by journalists that want to take pot-shots at Bitcoin, and one that noobs bring up quite often. Much like quantum computing, it’s one of those issues people think they understand much better than they really do.

In the rental car business, a lot of cars may be sitting unused in lots for large amounts of time because that industry is optimized for availability. Each wants to be in the best position to sell their services when the customer is ready to buy. What you don’t want to do is make the customer wait and jeopardize the sale when the customer wants to purchase.