45. Bitcoin's energy consumption

45. Bitcoin's energy consumption

We discuss the economics of energy, based on the chapter on the topic in my Principles of Economics textbook, which is available to subscribers on saifedean.com. What is the economic rationale for consuming energy? How has energy use increased the value of human time, helped end slavery, and improved living standards? What does this teach us about bitcoin's energy consumption? What are the real costs of low-energy alternatives to bitcoin? Enjoyed this episode? You can take part in podc...

Episoder(354)

293. The Fiat Standard Lecture 12: Fiat Cost-Benefit Analysis

293. The Fiat Standard Lecture 12: Fiat Cost-Benefit Analysis

The Fiat Standard Lecture 12: Fiat Cost-Benefit Analysis calculates the minor benefits of fiat & compares them to its massive destructive effects: wealth erosion, distorted markets, political power gr...

30 Sep 202531min

292. The Fiat Standard Lecture 11: Fiat States

292. The Fiat Standard Lecture 11: Fiat States

The Fiat Standard Lecture 11: Fiat States shows how fiat exports inflation via reserve currencies, swaps market discipline for IMF/World Bank debt traps, bailouts & central planning, limits capital fl...

23 Sep 20251h 3min

291. The Fiat Standard Lecture 10: Fiat Fuels

291. The Fiat Standard Lecture 10: Fiat Fuels

The Fiat Standard Lecture 10: Fiat Fuels shows how fiat distorts energy markets replacing reliable hydrocarbons with subsidized unreliable expensive fiat fuels, rewards climate hysteria over engineeri...

16 Sep 20251h 14min

290. The Fiat Standard Lecture 9: Fiat Science

290. The Fiat Standard Lecture 9: Fiat Science

The Fiat Standard Lecture 9: Fiat Science shows how fiat centralizes education and research funding, removes real market feedback, produces meaningless research papers, politicizes science, entraps st...

9 Sep 20251h 21min

289. The Fiat Standard Lecture 8: Fiat Food

289. The Fiat Standard Lecture 8: Fiat Food

The Fiat Standard Lecture 8: Fiat Food explains how fiat destroyed modern food, as governments optimize farming policy & nutritional guidelines to mask inflation, industrial sludge replaces meat & ani...

2 Sep 202549min

288. The Fiat Standard Lecture 7: Fiat Life

288. The Fiat Standard Lecture 7: Fiat Life

The Fiat Standard Lecture 7: Fiat Life discusses how fiat raises time preference, breaks the bond between effort & reward, inventivizes debt, erodes culture, & undermines families. Bitcoin, as hard mo...

26 Aug 202548min

287. The Fiat Standard Lecture 6: What Is Fiat Good For?

287. The Fiat Standard Lecture 6: What Is Fiat Good For?

Fiat's superior salability across space enabled global adoption, financed governments, & entrenched fractional-reserve banks, at the cost of losing value across time. You can buy the hardcover, ebook ...

19 Aug 202552min

286. The Fiat Standard: Lecture 5: Fiat Balances: Universal Debt Slavery

286. The Fiat Standard: Lecture 5: Fiat Balances: Universal Debt Slavery

The Fiat Standard Lecture 5: Fiat Balances shows how fiat’s unquantifiable, irreconcilable, tentative, revocable, and negative balances kill saving, reward debt, and lock in servitude, unlike Bitcoin’...

12 Aug 202548min

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