South Mimms U

The Last Bitcoin: The Ultimate Investment or The Final Folly of Humanity?

December 22, 2020 Vincent / Dinsdale Season 4 Episode 1
South Mimms U
The Last Bitcoin: The Ultimate Investment or The Final Folly of Humanity?
Show Notes

There will only ever be 21 million Bitcoin. No one knows why (they might say they do, but they don't) and it's set off a frenzy of 'mining' which is sucking up power and pumping out carbon. Is it the madness of Easter Island all over again? A mad rush for a symbol of wealth that ends up undermining our ability to protect our ecosystems? We take a wry look at the subject. Turns out the Easter Island story might be a myth, but the rush to mine Bitcoin is very real. 
Includes an acerbic interview with David Gerard, author of The Attack of the 50ft Blockchain.