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Last week, Tesla announced they will no longer accept Bitcoin as payment for vehicles. In a timely episode, Alex Gladstein, chief strategy officer at the Human Rights Foundation, and James McGinniss, CEO and co-founder of David Energy, come onto the show to discuss Bitcoin, the petrodollar, and how to contextualize the energy usage of the first cryptocurrency (BTC) versus the leading fiat currency (USD). Show highlights:\n their backgrounds and how they became interested in the intersection of currency and energy usage\n why Alex and James really think Tesla stopped accepting BTC as payment\n why James thinks Bitcoin\u2019s energy intensity is a \u201cfeature, not a bug\u201d\xa0\n Alex on the history of the petrodollar and how the USD in recent decades has been tied to fossil fuel production\n comparing the carbon cost of a dollar to Bitcoin\u2019s energy consumption\n what both James and Alex think of the Square and Ark Invest research paper saying renewable energy production could be tied with Bitcoin mining\n why measuring Bitcoin\u2019s energy usage is difficult\n how Bitcoin mining in China is changing for the better\n how the Biden administration might impact Bitcoin\n where to find more information on Bitcoin and energy consumption\n \xa0\n Thank you to our sponsors!\n \xa0\n E&Y: https://ey.com/globalblockchainsummit\xa0\n Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2\xa0\n Kyber Network: Dmm.exchange\xa0\n \xa0\n Episode Links\n \xa0\n People:\n Alex Gladstein\n Twitter: https://twitter.com/gladstein\n\n Human Rights Foundation: https://hrf.org/\xa0\n \n James McGinniss\n Twitter: https://twitter.com/James_McGinniss\n\n David Energy: https://www.davidenergy.com/\xa0\n \n \xa0\n Recommended Reads:\n \u201cUncovering the Hidden Cost of the Petrodollar\u201d by Alex Gladstein\n \n https://bitcoinmagazine.com/culture/the-hidden-costs-of-the-petrodollar\xa0\n \n \u201cThink BTC is a Dirty Business? Consider the Carbon Cost of a Dollar\u201d by Susan Su\n \n https://susanfsu.medium.com/think-btc-is-a-dirty-business-consider-the-carbon-cost-of-a-dollar-c38122fb55c5\xa0\n \n \u201cBitcoin is Key to an Abundant, Clean Energy Future\u201d by Square and Ark Invest\n \n https://assets.ctfassets.net/2d5q1td6cyxq/2D2BnksJjavw4a6SUvAPwZ/c42a9e3a520b0cc3b230cda3b43eead5/BCEI_White_Paper_.pdf\xa0\n \n Elisabeth Steyn thread on Tesla and energy credits\n https://twitter.com/Elisabeth_Steyn/status/1392799067986554880\n \n \u201cTesla seeks entry into U.S. renewable fuel credit market\u201d by Reuters\n https://www.reuters.com/business/sustainable-business/exclusive-tesla-seeks-entry-into-us-renewable-fuel-credit-market-sources-2021-05-12/\n \n \u201cDebt\u201d by David Graeber\n \n https://www.amazon.com/Debt-First-5-000-Years/dp/1612191290\xa0\n \n Others:\n Bitcoin energy consumption index\n https://digiconomist.net/bitcoin-energy-consumption/\n \n Cambridge study on cryptoassets\n https://www.jbs.cam.ac.uk/wp-content/uploads/2021/01/2021-ccaf-3rd-global-cryptoasset-benchmarking-study.pdf\n \n Triffin Dilemma\n https://dailyreckoning.com/the-triffin-dilemma/\n \n \n \xa0\n Alex Gladstein\u2019s Recommended Follows:\n Nic Carter https://twitter.com/nic__carter\n \n Lyn Alden https://twitter.com/LynAldenContact\n \n Susan Su https://twitter.com/susanfsu\n \n Luke Gromen https://twitter.com/LukeGromen\n \n Michael Hudson https://twitter.com/michaelwhudson\n \n \nLearn more about your ad choices. Visit megaphone.fm/adchoices