MARKETS DAILY: Featured Story | DeSantis and the Growing Culture War Around Bitcoin
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 28 May 2023
⏱️ 6 minutes
🧾️ Download transcript
Summary
It's no surprise that cryptocurrency issues are becoming politically polarized in familiar ways, according to CoinDesk's story recently about a Bitcoin mining facility in Upstate New York.
A Featured Story:
Is an opinion piece by Daniel Kuhn CoinDesk’s Deputy Managing Editor for Consensus Magazine, titled: DeSantis and the Growing Culture War Around Bitcoin.
On today's show, we are taking a look at the growing gap between reality and political narrative as over time, that narrative has gotten a little more complicated.
This episode was hosted by Adam B. Levine, edited by Ryan Huntington, and Senior Producer is Michele Musso. All original music by Doc Blust and Colin Mealey.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | It's Sunday, May 28th, 2023, and this is Markets Daily from CoinDesk. |
| 0:10.0 | I'm Adam B. Levine hearing out with your weekend story. |
| 0:12.2 | On today's show, we're taking a look at the growing gap between reality and political narrative. |
| 0:16.1 | And just a reminder, CoinDesk is a new source and does not provide investment advice. |
| 0:31.4 | Today's featured stories and opinion piece by CoinDesk's Daniel Kuhn. |
| 0:35.7 | Our feature today is entitled DeSantis and the growing culture war around Bitcoin. |
| 0:38.3 | This week, CoinDesk published one of the most thought-provoking and balanced articles on Bitcoin mining I've ever read. The report is focused |
| 0:42.5 | around the Greenwich Bitcoin Mining Company in upstate New York, which was at the center of a |
| 0:46.7 | protracted media cycle last year after environmental activists claimed the facility was |
| 0:50.5 | boiling the waterways and poisoning delicate ecosystems. Those claims went on to influence |
| 0:54.8 | an actual policy decision by the governor of New York, restricting Bitcoin mining in the state. |
| 0:59.5 | The thing is, most of the worst claims about Greenwich were straight up wrong. Quindex Nick Day and |
| 1:04.1 | other reporters took a trip up to Dresden in upstate New York to take the temperature of the lake |
| 1:08.5 | and speak to the locals, finding that not a single lawmaker visited the Rust Belt town or spoke to its mayor before drafting |
| 1:14.6 | what is essentially a freeze on new Bitcoin miners. |
| 1:17.5 | Most of the Bitcoin mining debate today is centered around the Bitcoin Network's environmental |
| 1:20.8 | impact. |
| 1:21.8 | Greenwich became a lightning rod because before the company moved equipment into the plant |
| 1:24.9 | that now uses natural gas, it was deactivated, meaning when |
| 1:27.7 | the miners were turned on, they weren't just drawing on electricity that would have been produced |
| 1:31.1 | anyways, but actively releasing fresh, so-called carbon, into the atmosphere. The Bitcoin network |
| 1:36.0 | uses as much energy as a country like Norway. And trying to wrap your head around whether that is or |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from CoinDesk, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CoinDesk and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.