BTC173: Bitcoin Energy Survey and the Speculative Attack w/ Pierre Rochard (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 13 March 2024

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode, Bitcoin OG Pierre Rochard unpacks the Energy Information Survey's halt, its implications, and the mining community's legal victory. We delve into Pierre's thoughts on Senator Warren's initiative, the collective response, and future steps. The discussion also covers Texas' support, the impact of the upcoming halving event, and Pierre's insights on the Bitcoin 'speculative attack'. IN THIS EPISODE YOU’LL LEARN: The background and implications of the DOE's halted energy survey on Bitcoin mining. Pierre Rochard's perspective on Senator Elizabeth Warren's initiative to track power consumption by miners. The collective response of the Bitcoin mining community to regulatory challenges. Details of the legal victory that temporarily stopped the DOE's data collection efforts. The role of Texas in supporting the cryptocurrency industry against regulatory pressures. How this legal battle might set a precedent for future regulatory attempts on Bitcoin mining. Insights into the upcoming Bitcoin halving event and its potential impact on the mining community. Pierre's concept of the "speculative attack" and its relevance to Bitcoin's future. BOOKS AND RESOURCES Pierre Rochard's Twitter. Riot Platforms' Twitter. Related Episode: Listen to BTC124: Bitcoin is a Strategic National Necessity w/ Pierre Rochard, or watch the video. Related Episode: Listen to BTC116: Bitcoin Ordinals and NFTs on Layer 1 Bitcoin w/ Pierre Rochard, or watch the video. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Check out our Bitcoin Fundamentals Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Wise NetSuite Fidelity TurboTax NDTCO Linkedin Marketing Solutions Fundrise Vacasa NerdWallet Babbel Shopify Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to TIP.
0:02.0	Hey everyone, welcome to this Wednesday's release of the Bitcoin Fundamentals Podcast.
0:07.0	This episode is brought to you by River, the place that I personally go to securely invest in Bitcoin with confidence and with zero fees.
0:15.0	Today's guest needs no introduction because it's Bitcoin O.G. Pierre Richard.
0:20.0	During the show we talk about the trials and tribulations of the recent energy
0:23.8	information survey in the mining community getting the judicial system to put a stop to
0:28.8	everything for the time being. Later Pierre and I talk about his decade old article about the
0:34.4	Bitcoin speculative attack and then finally we talk about the implications of
0:38.5	Wall Street derivatives being stood up on top of the EDFs. This is one you won't want to miss, so without further delay,
0:45.6	here's my chat with the one and only Pierre Richard. Celebrating 10 years, you are listening to Bitcoin Fundamentals by the Investors Podcast Network.
0:58.8	Now for your host, Preston Pish. Pish. Hey everyone. Welcome to the show. I'm here with the one the only Pierre O'Shard. We've been doing this for I don't know how many years at this point, but welcome back to the show Pierre.
1:19.0	About seven years. Yeah, thanks for having to be back. It's been a while. Almost a decade. Yeah, yeah, we're coming up on it. All right. I've actually have not been paying too much attention to this. I've seen some of the articles we're obviously talking about everything happening with the US government
1:36.9	Reaching out and causing the miners to start reporting their energy consumption and information and all of this stuff.
1:44.3	Where should we start with all of this?
1:47.9	I think usually we start with 1971.
1:51.6	That's when we went off the gold standard.
1:53.0	And that was an inflationary period in American history.
1:57.0	And that inflation included the price of energy, right?
2:01.0	And that was compounded by the 1973 oil crisis that's also a very
2:06.7	timely given world events, but in any case what transpired with the price
2:12.1	increases was price controls.
2:14.6	And then when you get price controls,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Stig Brodersen, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Stig Brodersen and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.