Bitcoin is a Pioneer Species with Brandon Quittem - WBD591
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 9 December 2022
⏱️ 106 minutes
🧾️ Download transcript
Summary
Brandon Quittem is a writer and Communications Director for Swan Bitcoin. In this interview, we discuss his latest article: 'Bitcoin is a Pioneer Species', where he compares Bitcoin miners to species that settle and populate barren landscapes triggering the development of more advanced ecosystems.
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The acceptance of Bitcoin is an acceptance of the need for continuous education and receptivity. This past year has shown why: Bitcoin mining has been transformed from being a critical but specific cog in the often misunderstood Proof of Work protocol to a tool with the potential to transform the global energy industry. Nobody foresaw this.
Going down the rabbit hole now involves gaining knowledge of energy systems: production methods, grids, distribution networks, batteries, energy economics etc. This knowledge is both a blessing and a curse. A blessing in that the veil of ignorance is lifted on this vital industry showing politicians are driving blind with their policy decisions. A curse in that those sceptical that Bitcoin can change finance, are now incredulous when we state it can transform energy too.
But the logic is clear. Bitcoin can harness electrical energy anywhere in the world. In doing so it can facilitate and thereby fast-track the build-out of energy in isolated environments, becoming a bridge for costly downstream investment needed to connect such sources to a grid. All of this without any need for a state subsidy, or international coordination.
Bitcoin can therefore revitalise existing populations: currently, a billion people don't have access to electricity. Imagine what benefits could be brought by integrating these people into the digital economy. Bitcoin mining can also be the pioneer species for previously uninhabited areas of the planet. It can take barren areas and provide the economic basis from which further development can grow. Contemplating that should make it clear: we're still so very early!
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Transcript
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| 0:00.0 | Bitcoin mining is everything you don't understand about |
| 0:04.2 | Bitcoin mining is everything you don't understand about Bitcoin. |
| 0:15.0 | Hello there, how are you all doing? |
| 0:17.0 | Are you having a good week? |
| 0:19.0 | Welcome to the What Bitundi podcast, which is called to you by Gemini, |
| 0:22.0 | the only place I'm using for buying |
| 0:23.9 | Bitcoin. I'm your host Peter McCormack and today I've got an absolute banger of a |
| 0:28.9 | show. I've got Brandon Quitten back on the show and we're going to be discussing an article. He has written, |
| 0:34.9 | Bitcoin is a pioneer species. Now Brandon hasn't been on the show for a while, but he has been on a couple of times |
| 0:40.3 | before we were discussing Bitcoin and the fourth turning shows that you guys |
| 0:45.9 | absolutely loved smashed the downloads and you know what Brandon is just one of my |
| 0:50.3 | favorite people to talk to I love getting him on the show. He's always got an |
| 0:53.6 | interesting perspective and he's got this knack of being able to read things really quickly. |
| 0:58.4 | Sometimes when I'm interviewing him I'll come out with an idea and instantly he will |
| 1:02.4 | destroy it if he thinks it's got no value. |
| 1:04.4 | But I love talking to Brandon, I love hanging out with him, so we were in LA. |
| 1:08.2 | He'd written this article and Danny sent it over to me and Danny was like, Pete check this out. |
| 1:11.7 | And I knew I had to get him back on the show. It's a fascinating |
| 1:14.8 | topic and we have linked it in the show notes please do go and check it out. Don't just listen to the |
| 1:19.3 | episode. Go and actually read this because it's a super piece of writing by Brandon. |
| 1:23.2 | All right, if you've got any questions about this or anything else, please reach out to me. |
| 1:26.9 | My email addresses hello at what Bitcoin did.com and I will get back to you. |
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