Bitcoin Q&A: Why "Energy Consumption" Math Sucks
Channel: aantonop
Date: 2018-11-30

Can you have a secure blockchain without mining or energy consumption? Do the energy consumption statistics often shared by the media make sense? Why should the focus be on energy generation, not energy consumption? Energy consumption in Bitcoin has almost nothing to do with the number of transactions. Should we start pricing in the externalities of carbon? How does Bitcoin mining fund 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 We must decide if we are going to start prescribing to markets what is a good or bad use of energy
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: https://antonopoulos.com/event/the-internet-of-money-tour-seattle/

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RELATED:
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The value of proof-of-work - https://youtu.be/ZDGliHwstM8
What is mining? - https://youtu.be/t4p4iMqmxbQ
Nonces, mining, and quantum computing - https://youtu.be/d4xXJh677J0
Energy consumption - https://youtu.be/2T0OUIW89II
Solar energy and mining in space - https://youtu.be/cusakcpa8AM
What should not go on a blockchain? - https://youtu.be/shn9otsT-Pw
The 14nm limit, decentralization, and renewable-energy mining - https://youtu.be/gYwc_MCC4us
Why has mining centralised in China? - https://youtu.be/8iyOKlzEe-0
Bitmain and the ASICBoost allegations - https://youtu.be/t6jJDD2Aj8k

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

Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

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MASTERING BITCOIN, 2nd Edition: https://amzn.to/2xcdsY9

Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/

THE INTERNET OF MONEY, v1: https://amzn.to/2ykmXFs

THE INTERNET OF MONEY, v2: https://amzn.to/2IIG5BJ

Translations of THE INTERNET OF MONEY:
Spanish, 'Internet del Dinero' (v1) - https://amzn.to/2yoaTTq
French, 'L'internet de l'argent' (v1) - https://www.amazon.fr/Linternet-largent-Andreas-M-Antonopoulos/dp/2856083390
Russian, 'Интернет денег' (v1) - https://www.olbuss.ru/catalog/ekonomika-i-biznes/korporativnye-finansy-bankovskoe-delo/internet-deneg
Vietnamese, 'Internet Của Tiền Tệ' (v1) - https://alphabooks.vn/khi-tien-len-mang

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