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Podcast: The Peter McCormack Show
Episode: The Current State of Bitcoin Mining with Harry Sudock - WBD538
Description: There is a growing a powerful backlash against Bitcoin mining. In the past 2 months: New York's legislative assembly established a moratorium on mining based on PoW; Dick Durbin, the second highest ranked Democrat in the Senate, tweeted that Bitcoin mining uses "obscene amounts of energy"; the European Central Bank indicated that a ban on PoW is likely by 2025. The problem is that the growing movement against Bitcoin mining, specifically its use of energy to satisfy PoW consensus protocol, defies logic. The FUD and the facts don't align. The reality is Bitcoin mining is providing unprecedented utility to...