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The Breakdown

Marty Bent on Why Bitcoin and Big Energy Are Unlikely Allies

The Breakdown

Blockworks

Investing, Business

4.8786 Ratings

🗓️ 23 September 2020

⏱️ 35 minutes

🧾️ Download transcript

Summary

Today on the Brief: Where the digital euro fits in Lagarde’s economic integration plans New stablecoin guidance from the OCC Mnuchin and Powell head to the Hill Our main discussion features Marty Bent.  Marty is the author of one of the best known daily bitcoin newsletters, as well as the host of “Tales From The Crypt” podcast. He also is one of the leaders of Great American Mining, a new project using bitcoin mining to make big energy more efficient and profitable.  In this discussion, we talk about how bitcoin and big energy are unlikely allies, how that alliance can bring more bitcoin mining back to America, and how it is working to reduce America’s energy dependence.  Find our guest online: Twitter: @MartyBent Twitter: @GAMdotAI Website: https://gam.ai

Transcript

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0:00.0

We're in North Dakota predominantly right now in North Dakota,

0:02.9

as some of the strictest flaring regulations in the country.

0:06.0

So if a producer in the Bakken and North Dakota flares a certain amount,

0:10.4

they have to shut down oil production.

0:12.6

So we're just going to show up to you.

0:15.0

And we'll, instead of building a pipeline that's hundreds of miles long,

0:18.4

we'll build one that's a few dozen feet long and run it to

0:21.2

generators and we'll consume that gas and turn it into Bitcoin with our mine here.

0:26.4

Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the

0:33.5

big picture power shifts remaking our world. The breakdown is sponsored by

0:38.0

crypto.com, Bitstamp, and nexo.io, and produced and distributed by CoinDess. What's going on,

0:45.4

guys? It is Tuesday, September 22nd, and today I'm excited to share a conversation that I've

0:51.1

been waiting to share for months. That conversation is with Marty Bent,

0:55.6

and it's about why Bitcoin and Big Energy are actually potentially unlikely allies. First,

1:03.9

however, let's do the brief. First up on the brief today, more on the digital euro. So I mentioned

1:10.3

yesterday that a wire had come through

1:12.9

showing that Europe might be about to get on the digital currency train. We got more details

1:19.4

than I wanted to share them. Christine Lagarde, who is the head of the European Central Bank,

1:24.4

gave an introductory speech at the Franco-German Parliamentary Assembly yesterday.

1:29.5

And it's important to put this speech in the context of what has transpired this year.

1:34.9

When the coronavirus first started to take hold, one of the impacts was a real questioning of

1:41.1

the ability of European government to actually handle it.

...

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