The "What is Money?" Show23 Elo 2023

How Bitcoin Benefits Power Grids with Justin Orkney (WiM356)

Justin Orkney joins me to discuss his Bitcoin mining journey, how Bitcoin can improve the environment, different types of Bitcoin mining, and Bitcoin’s positive influence on rural revitalization.

Justin Orkney is the Commercial Director at Standard Power. He is also a senior advisor for Satoshi Action Fund.

Twitter: https://twitter.com/jorkney5
Website: https://standardpwr.com/

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// OUTLINE //
00:00 - Coming up
00:46 - Intro
02:19 - Helping Lightning Startups with In Wolf's Clothing
03:05 - Introducing Justin Orkney
03:51 - Career Pathway and Bitcoin Involvement
07:50 - Brief Description of Standard Power
09:44 - What is Demand Response?
10:50 - Bitcoin's Compatibility with Power Grid
15:35 - Bitcoin as a Digital Commodity
17:01 - No Counterparty in Bitcoin Mining
19:24 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet
20:20 - Different Types of Bitcoin Mining
25:14 - Most Efficient Type of Bitcoin Mining
27:37 - Explaining Bitcoin Mining to Policymakers
30:30 - Describing Bitcoin Mining to Electric Utility Operators
33:12 - Bitcoin Mining for Rural Revitalization
37:19 - Benefits of Different Forms of Power Generation
41:03 - Buyer of Last or First Resort
44:06 - Balancing Out the Nuclear Output
46:08 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet
46:59 - Hold Bitcoin in the Most Secure Custody Model with Casa
47:47 - Reducing Blackout Risk
51:00 - Bitcoin as an Ideal Customer
52:52 - Where to Find Justin on the Internet

// PODCAST //
Podcast Website: https://whatismoneypodcast.com/
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