Bitcoin Doesn’t Rely on Utilities

“But there is something even more interesting that happens with mining and electricity. Not only does Bitcoin mining add revenue to existing locations of energy production, but it also makes other previously unprofitable energy sources profitable.” – Rollo McFloogle

A Guest post from both a patron to the show and host of the Rollo & Slappy Show, we dive into a Bitcoin Magazine piece by Rollo McFloogle . Often when you talk about Bitcoin as a future money, people attack back with the claim that it “doesn’t work without electricity!” This is obviously true, but exactly how much should this matter to us, and what is the risk to the Bitcoin network really? Maybe they are just an idiot, like Grum… hear all about it in today’s article, “Bitcoin Does Not Rely on Utilities.”

Full article and other great stuff at Bitcoin Magazine:

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