WBD Live in Miami - Bitcoin Mining with Troy Cross and Harry Sudock - WBD668

Troy Cross is a Professor of Philosopher and Fellow at BPI, and
Harry Sudock is Chief Strategy Officer at Griid. This interview
was a live recording made at the Bitcoin 2023 Conference in
Miami, where we discussed Bitcoin mining: the industry’s rapid
evolution, how it’s optimising other markets, and why its
relentless search for cheap energy will facilitate human
flourishing.


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Bitcoin mining has been the subject of much controversy and
debate in mainstream media. The infamous New York Times (NYT)
article in April still casts a shadow over the industry: the
piece characterised Bitcoin mining as an exploitative parasite
feeding off cheap energy at the expense of local users and the
environment. And yet, Bitcoin mining is the exact opposite.


As Troy Cross states in this live interview, when people get to
hear the truth about Bitcoin mining's impact on energy systems it
“blows their minds!” Harry Sudock adds more colour by explaining
how Bitcoin mining is a black hole that sucks in economic utility
and spits it out in its most efficient form, making it a
revolutionary tool for human flourishing.


Both speakers criticize the media for pushing a biased agenda and
cherry-picking data to fit a preconceived narrative. They argue
that the truth about Bitcoin mining's impact on energy systems is
more complex than the media portrays, but, this doesn’t provide
the clickbait media outlets are after. The irony is that the
NYT’s mission is “to seek the truth and help people understand
the world.”


However, we are optimistic that the tide will soon turn. With
this show, both Harry and Troy have been on What Bitcoin Did now
a combined 13 times (lucky for us!), and they continue to blow
our minds with their tales of the possible worlds opened up by
the race for cheap and abundant energy. The other side just
doesn’t have the calibre of persuasive, authentic and
enthusiastic voices we have.