Bitcoin’s inconvenient truth
Recode Daily
Recode
4.6 • 1.3K Ratings
🗓️ 26 May 2021
⏱️ 9 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hi, everybody. Adam here. This week, we're revisiting some of my favorite episodes of |
| 0:05.3 | Reco Daily. And because cryptocurrency has been in the news lately, I wanted to highlight |
| 0:09.9 | an episode about Bitcoin. Bitcoin is becoming more and more mainstream for a lot of reasons |
| 0:15.4 | and Elon Musk is one of them. The billionaire's tweets have caused wild fluctuations in the |
| 0:20.6 | already volatile cryptocurrency. Musk tweeted earlier this month that Tesla is backing away |
| 0:25.4 | from Bitcoin because of concerns with the cryptocurrency's carbon footprint. Since then, |
| 0:29.9 | the price to Bitcoin has fallen tens of thousands of dollars. Reco Daily did an episode |
| 0:34.7 | on the environmental impact of Bitcoin during our Earth Week series earlier this year. Here's |
| 0:39.1 | Teddy Schleifer and the Virgins Justine Kama talking Bitcoin. |
| 0:46.5 | Everywhere you look, cryptocurrencies like Bitcoin are sliding into mainstream life. Companies |
| 0:52.6 | like Tesla are starting to accept Bitcoin as payment for its cars. The NBA is selling digital |
| 0:59.0 | trading cards powered by cryptocurrency tech. And just last week, Coinbase, which is a startup |
| 1:04.5 | that makes buying and selling cryptocurrency easier, just went public, debuting at a valuation |
| 1:10.6 | of $85 billion. More and more people are using cryptocurrencies and interacting with the tech |
| 1:17.8 | that makes crypto possible. But there is one downside. Cryptocurrencies use a lot of energy. |
| 1:26.0 | And as they go more and more mainstream, the downsides can become bigger and bigger. |
| 1:31.2 | They can make it more difficult to fight climate change. Justine Kama is a climate reporter at |
| 1:37.0 | the verge. She's helped to answer the question of whether crypto can ever go green. Hey, Justine. |
| 1:42.0 | Hey, Teddy, thanks so much for having me. So if you can put a number on it, how much energy |
| 1:47.8 | are cryptocurrencies like Bitcoin using not just the US, but all over the world? |
| 1:53.5 | Well, the short answer is it's a whole lot. We should look primarily at Bitcoin and Ether as, |
| 2:00.6 | you know, two of the largest cryptocurrencies. And also the most polluting because not every |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Recode, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Recode and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

