Episode August 15, 2024 35 min 28s

INTERVIEW Will Bitcoin Miners Be Squeezed Out by AI Power Demands? Will We?

AI already uses as much power as mining and will use far more in a couple of years. AI can earn 17-25 times as much per kWh as Bitcoin. Will Bitcoin be squeezed out? If it relocates, will electricity for the rest of us be scare and/or far more expensive?
Will Bitcoin be co-opted for CBDC? What can we learn from the creation of the internet and the struggle for control?
Trump says, as President, he thinks he should have a say in the Fed's determination of interest rates. What does that tell us about his view of the Fed?

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