The Future of the Bitcoin Energy Debate, Feat. Troy Cross

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 22 July 2022

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Nexo.io, Chainalysis and FTX US. Today, the Bitcoin energy debate is all about how much energy bitcoin mining consumes, and what percentage of that comes from renewable sources. Today’s guest Troy Cross argues that in the future, Bitcoin will be seen as a technology that actually enables the overall economy to move to cleaner, greener energy sources even beyond mining itself. Find our guest Twitter: @thetrocro - Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io. - Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Eoneren/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.2	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:14.8	The breakdown is sponsored by nexus.com, chain aliasis, and FtX, and produced and distributed by CoinDes.
0:22.6	What's going on, guys? It is Thursday, July 21st. Today we are back with more midsummer macro, this time with Troy Cross.
0:31.6	Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it, give it a rating, give it a review,
0:37.8	or come join us on the Breakers Discord. That's the place where we talk about big, interesting
0:43.4	things exactly like what we are about to discuss, and you can find a link in the show notes
0:48.2	or go to bit.ly slash breakdown pod. Lastly, a disclosure as always that in addition to them
0:53.8	being a sponsor of the show,
0:55.1	I also work with FTX. So we are back with round two of midsummer macro, and this conversation
1:01.7	is just a little bit different than yesterday's. It does go very big picture, but around a more
1:07.5	specific context, with that context being Bitcoin and Energy. I'm joined by
1:12.5	Troy Cross. Troy is a professor of philosophy and humanities at Reed College, a fellow at the
1:18.1	Bitcoin Policy Institute, and an increasingly important voice in the Bitcoin energy space.
1:23.7	As I think you'll see, Troy is far more nuanced and thoughtful than both Bitcoin antagonists,
1:28.9	but frankly also many advocates. And I think it's a disposition and an ability to articulate
1:34.5	that we will absolutely need for the battles to come. I really enjoyed this conversation,
1:40.1	and I know you're going to as well. Troy, welcome to The Breakdown. How are you, sir?
1:46.3	I'm great. Thank you for having me. It's fun to be here. Yeah, I'm really excited to have you.
1:50.2	I think there's a lot of good stuff we can talk about. You have been a voice that is getting
1:54.9	more prominence over the last few months, which I'm very excited about as sort of representing
1:59.7	an important and also some ways
	...

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