I've heard a dozen of interviews on Bitcoin mining and energy, but by far Fred's explanation was the most clear and simplified way to understand and digest info on how energy markets work.
Best explanation I have ever heard on why BTC mining isn't waste of energy it's actually great for the energy efficiency and cutting waste and dare i say it its actually great for the climate
I admit I was bit skeptical on BTC mining but one interview answered all my questions I had and those I didn't know I had lol. Many people in the space rarely explain in such plain English like this so people understand Kudos. his right many people have been fed lies and don't understand how energy and the grid works so they jump to false conclusions about bitcoin mining
BTCC uses 0.5% of the world's energy to create the most secure computer network ever, and the soundest form of money yet invented. Seems like a sensible investment when you consider that pornography uses 5%!
Very knowledgeable guest. Absolutely insightful interview. That was worth every minute. You're good at picking your guests, David. Moreover, you're well prepared, very good at putting questions. And you give your guests the space to answer and to elaborate their reasoning. And finally, I like, that you're wearing suit an tie. That shows respect towards your viewers, your gusts and yourself.
Wow. Enlightening. This chap is probably the most informative guest you’ve had yet. He needs to enlighten congress and open the eyes of the rest of the public on mining in the USA. So many misconceptions that exist out there.
When a virus hit, BTC went down with other risk assets. When banking crisis hit, BTC went down with other risk assets. Then microstrategy took more loans, bought more BTC and AFTER it went up, then everyone started comparing it to gold. I'm all for BTC, but it's not mature enough and is still treated as a risk asset.
I like Fred Thiel's perspectives, and I think his predictions will pan out as correct. To better-understand what's going on with Bitcoin's pricing, I find it additionally helpful to keep an eye on the pricing of Ethereum and Dogecoin in particular, along with a few of the other top cryptocurrencies (by top, I mean highest trading volumes and highest daily sums of the amounts of all transactions).
If you are invested in BTC, think of this video, when a friend asks about energy use. For me it is an easy click of the share button, not just to help David spread his new channel, but Fred has been a clear, easy to understand commentor, for the masses to digest.
David, I was watching one of your wonderful interviews with my Mrs last night. She said you look like an asian Leonard from Big Bang. I cannot unsee it!!! Love your work sir!
@@gumed85 true, difficulty goes down and it's just easier to mine. There's nothing they can do to stop btc mining except shut down the entire internet
Always funny when old professionals say "halvening" with a straight face. Do they know that the proper term is "halving", and that "halvening" is the Ron Paul meme version?
Keep being more and more happy you’re doing your own thing. Hope you’re asking your guests what kind of questions you dint ask you could have! Michael Saylor when?
Imagine negating a currency because a singular institution has control of “the money printer” , for one in which both the highest bidder and the lowest can simply build their own.
Not sure I understand the point of your argument? The creation of dollars through debt is endlessly increasing and can never stop which destabilises the world. Bitcoin mining has a hard limit, after which miners will make fees through transactions.
@@freespeechmatters583 You know this because you personally read the code for it? Or was this translated to you by the ethereal on high, bitcoin has changed and can change it’s functional code at multiple points. Nothing is unique about it in any way , it is old technology, and it is laughable to think the basis of the future will be based on any immutable or archaic concepts. It’s not even superior to the swift system in any capacity, it’s perceived merits are actually huge detriments. Also every promise made in the original white paper has been undone during one of its forking events, it is not a safe protected currency it’s a irs agents wet dream. Stop participating in the greater fool theory without at least admitting that’s what you are doing, these people are talking their book. They count on someone else to purchase this at a higher price, when you actually find a great investment you will not need to convince anyone of the fact. In fact you would be wise to accumulate quickly and quietly before the larger public catches on. Why is it you feel the need to convince people to purchase this equivalent to digital snake oil? What your doing is not investing, this at best is gambling on invisible horses. The first time I purchased bitcoin was 2012, and I to was gambling in that moment.
yea imagine wanting to negate a system that hasstolen 99% of their peopels money over a 100 year time period... and thats jut for the strongest currency
@HC-sb1ru I'm no expert but as I understand it blocks are still created and therefore must be hashed, but new Satoshis will eventually stop being created so the miners get a payment via transaction fees spent by blockchain users. There's plenty of technical descriptions of how this occurs, it's not like the creators of BTC didn't think this through already.
I'd suggest listening to 'What Bitcoin Did' which has many experts on the topic, like people running mining companies in remote locations using hydroelectric dams etc. Facinating stuff.
@@Fearzero Never say never. We are in unprecedented times. With the small amount of BTC actually sold on exchanges it only takes one or two whales to dump their BTC and the price will plummet. And I'm not saying it won't recover fast, but $5k is quite possible for a short time.
@@freespeechmatters583 Not possible when you look at how many BTC are out of profit at the moment. 4 million. BTC won't go to $5k and that's a guarantee.
Sorry Fred, I'll stick to my silver and gold. According to precious metals sales, millions agree with me. Thanks for having different opinions on the David Lin Report. Good job guys 👍🥇🥈🥇🥈🥇🥈🥇🥈🥇🥈🥇
Horse-drawn carriage and rail worked for quite some time too…until it was overtaken by the automobile. Good luck man, but I prefer to send my BTC globally, in any amount, to anyone, over IP. Perhaps that’s really nothing and GenZ will prefer pet rocks (I.e., seizable, heavy, counterfeitable, metal). May the best money technology win!
🤣.... I think we have still few legs down for Bitcoin/market in general including GOLD.... Clearly they are looking for more investor (mostly uneducated) to buy at this high price.
I wish interviewers would hold Fred's ass to the fire about marathons dismal performance against their promises/projections. mara has crapped the bed every quarter. Consistently failing to get their miners online and running at a consistent pace. Even now, what they have installed is offline most of the time....
Gosh without bitcoin miners we would be stuffed on the energy markets. So all the BS from people who obviously do not know what the hell they are talking about. We need it.
I've heard a dozen of interviews on Bitcoin mining and energy, but by far Fred's explanation was the most clear and simplified way to understand and digest info on how energy markets work.
This dude is a great thinker and communicator.
But absolutely horrible at meeting his own milestones.
Best explanation I have ever heard on why BTC mining isn't waste of energy it's actually great for the energy efficiency and cutting waste and dare i say it its actually great for the climate
@@stjepanhauser8367 Not Cool Dude Scammarotti !!
More than that: it kills all the unnecessary waste from the traditional finance . We are literally talking billions & pollution. For nothing…
I admit I was bit skeptical on BTC mining but one interview answered all my questions I had and those I didn't know I had lol. Many people in the space rarely explain in such plain English like this so people understand Kudos. his right many people have been fed lies and don't understand how energy and the grid works so they jump to false conclusions about bitcoin mining
BTCC uses 0.5% of the world's energy to create the most secure computer network ever, and the soundest form of money yet invented. Seems like a sensible investment when you consider that pornography uses 5%!
Excellent explanation by this CEO but are most of the critics open minded enough to listen?
Very knowledgeable guest. Absolutely insightful interview. That was worth every minute.
You're good at picking your guests, David.
Moreover, you're well prepared, very good at putting questions. And you give your guests the space to answer and to elaborate their reasoning.
And finally, I like, that you're wearing suit an tie. That shows respect towards your viewers, your gusts and yourself.
Wow. Enlightening. This chap is probably the most informative guest you’ve had yet. He needs to enlighten congress and open the eyes of the rest of the public on mining in the USA. So many misconceptions that exist out there.
Best explanation and one of the best interviews . Please bring more of these. Thank you David
Fred really knows his stuff! Amazing interview
Most impressive.
Except who created btc lmao
It is mind-blowing how lucrative the crypto sector is. My portfolio is currently up 250% from investing in Bitcoin.
It’s kinda relaxing actually!
Fascinating!!! Thank you both!
David, I'm having trouble keeping up with all your videos. You are a machine. Thanks for everything you do!
Great guest! Very clear and intelligent on Bitcoin and its future. Thanks David!
Excellent interview David. You can't go wrong when you have an expert in the field and ask great questions that they would have a balanced answer to.
Dam David, your killing it with these questions!! Great flow… between you guys.
Thank you both, this was fantastic information!!!
When a virus hit, BTC went down with other risk assets. When banking crisis hit, BTC went down with other risk assets. Then microstrategy took more loans, bought more BTC and AFTER it went up, then everyone started comparing it to gold. I'm all for BTC, but it's not mature enough and is still treated as a risk asset.
Exactly. It's definitely a risk asset. Correlated with the stock market. I'll stick with precious metals
Yeah too risky not to hold it
David 🎉🎉🎉, awesome job dude, your killing it. And another great guest too, much appreciated.
This guy is smart! Love how he explained BTC energy usage! Have him on again.
Good episode David. Well done sir 👍
I like Fred Thiel's perspectives, and I think his predictions will pan out as correct. To better-understand what's going on with Bitcoin's pricing, I find it additionally helpful to keep an eye on the pricing of Ethereum and Dogecoin in particular, along with a few of the other top cryptocurrencies (by top, I mean highest trading volumes and highest daily sums of the amounts of all transactions).
If you are invested in BTC, think of this video, when a friend asks about energy use. For me it is an easy click of the share button, not just to help David spread his new channel, but Fred has been a clear, easy to understand commentor, for the masses to digest.
thank you for sharing it!
Great show! Interesting and very knowledgeable. thank you.
Thanks so much for your efforts, David. I'm learning a great deal. Much appreciated.
Very insightful interview!
Great interview with Walter White aka Heisenberg.
Very interesting. Great interview.
Congrats on a great interview!
Great guests, great questions every show. Great work David.
Do you sleep at all David???????? How many videos do you do in a day?! :)
Great episode. I learned a lot about how energy works.
Good interview, Fred is very informative
David, I was watching one of your wonderful interviews with my Mrs last night. She said you look like an asian Leonard from Big Bang. I cannot unsee it!!!
Love your work sir!
lol! Best compliment ever
Very interesting, thank you both.
Good to hear from a brc miner on his views
Fantastic interview !!
Fred is amazing.
Good interview
Great interview thanks
What if their power cost input increases over the next year or what if govt. imposes 30% tax on miners?
BTC doesnt care. Some miners will shut down, others will move elsewhere. The mining dificulty self ajust will take place, and we move on.
@@gumed85 if big data centers can't stay in business...do individuals take over + cld it be profitable for them?
@@gumed85 true, difficulty goes down and it's just easier to mine. There's nothing they can do to stop btc mining except shut down the entire internet
Awesome interview keep more of those coming
Always funny when old professionals say "halvening" with a straight face. Do they know that the proper term is "halving", and that "halvening" is the Ron Paul meme version?
They also dumped a lot of stock in Q4 2022. Dilution was massive.
Internet or digital gold? Decide.
Another great informative interview!
Excellent guest/Excellent show
vitalik impression was spot on 😂😂
DAVID LIN !!! my go to guy best reporter in this space! love what you doing keep going. kitco screwed up
My question is what will be the impact of mining on the Bitcoin price long term?
Great interview! Anyone questioning Bitcoin’s energy efficiency needs to watch this!
So refreshing to hear an educated opinion on energy concerns of Bitcoin mining
Data and experience always trump random speculation and witch hunts
Why so many ads in your videos David? Like every couple minutes there’s an ad and it’s annoying.
What are layers 2 & 3?
Enjoy Fred's interviews
What an eye opening guest, wow! But all I can gear in the background is his voice saying "Buhler"? "Buhler"?
Bro. Good questions!
Facts and logic rules every time. Great information well articulated.
Good guest!
Keep being more and more happy you’re doing your own thing. Hope you’re asking your guests what kind of questions you dint ask you could have!
Michael Saylor when?
Soon!
Interview HUT & CLSK executives, too, David.
Very interesting, Fred reasoning is broad with macro like considerations!
This guy recalls me the big talkers during 2018....the newbies will buy easily....
Start the video excited about Bitcoin and BTC mining and I left excited about videogaming. 😂😂😂
Imo this content is far better than gold content.
you don't need ai for fine tune overclock, energy and bitcoin sale decisions. classical control theory and adaptive control do a good job on that.
Imagine negating a currency because a singular institution has control of “the money printer” , for one in which both the highest bidder and the lowest can simply build their own.
Not sure I understand the point of your argument? The creation of dollars through debt is endlessly increasing and can never stop which destabilises the world. Bitcoin mining has a hard limit, after which miners will make fees through transactions.
@@freespeechmatters583 You know this because you personally read the code for it? Or was this translated to you by the ethereal on high, bitcoin has changed and can change it’s functional code at multiple points. Nothing is unique about it in any way , it is old technology, and it is laughable to think the basis of the future will be based on any immutable or archaic concepts. It’s not even superior to the swift system in any capacity, it’s perceived merits are actually huge detriments. Also every promise made in the original white paper has been undone during one of its forking events, it is not a safe protected currency it’s a irs agents wet dream. Stop participating in the greater fool theory without at least admitting that’s what you are doing, these people are talking their book. They count on someone else to purchase this at a higher price, when you actually find a great investment you will not need to convince anyone of the fact. In fact you would be wise to accumulate quickly and quietly before the larger public catches on. Why is it you feel the need to convince people to purchase this equivalent to digital snake oil? What your doing is not investing, this at best is gambling on invisible horses. The first time I purchased bitcoin was 2012, and I to was gambling in that moment.
yea imagine wanting to negate a system that hasstolen 99% of their peopels money over a 100 year time period... and thats jut for the strongest currency
@HC-sb1ru I'm no expert but as I understand it blocks are still created and therefore must be hashed, but new Satoshis will eventually stop being created so the miners get a payment via transaction fees spent by blockchain users. There's plenty of technical descriptions of how this occurs, it's not like the creators of BTC didn't think this through already.
MOAR!!
Why not take the capital to buy miners and buy BTC instead?
Love the new show, lower volume of outro
Amazing, could you add a recap for dummies at the end would be awesome 😎
I invested in HUT 8 mining Corp and thinking it was a mistake and feeling regret. Does anyone have any insight on this miner ?
Wow that's one intelligent guy
More audio problems with the mic. Plosion from too close to the mic. The guest had perfect audio
EXCELLENT INTERVIEW - GREAT POWER GRID BTC MINING EDUCATION - MUST WATCH - EXCELLENT SPEAKER 👍👍👍
Interview HUT & CLSK, too.
Best explanation of BTC energy use I've ever heard; and I've listened to quite a few experts explain this problem.
I'd suggest listening to 'What Bitcoin Did' which has many experts on the topic, like people running mining companies in remote locations using hydroelectric dams etc. Facinating stuff.
"Bitcoin is a great store of value" he said that with a straight face 👀
They got no choice but to pause in may. No matter what, Bitcoin will hit 100k before Halving due to banking crises are about to worsen.
Maybe.
I hope not, I'm looking for $5k so I can buy more!
@@freespeechmatters583 That's definitely not happening. Might see $25k again
@@Fearzero Never say never. We are in unprecedented times. With the small amount of BTC actually sold on exchanges it only takes one or two whales to dump their BTC and the price will plummet. And I'm not saying it won't recover fast, but $5k is quite possible for a short time.
@@freespeechmatters583 Not possible when you look at how many BTC are out of profit at the moment. 4 million. BTC won't go to $5k and that's a guarantee.
Excellent
Clear thinking exec.
Ask about dilution.
Now have Keith Neumayer on next talking about how great silver is… jeez, having these guys talk their book is terrible content
Sorry Fred, I'll stick to my silver and gold. According to precious metals sales, millions agree with me. Thanks for having different opinions on the David Lin Report. Good job guys 👍🥇🥈🥇🥈🥇🥈🥇🥈🥇🥈🥇
Good idea been working great the last 10 years following that plan
Horse-drawn carriage and rail worked for quite some time too…until it was overtaken by the automobile. Good luck man, but I prefer to send my BTC globally, in any amount, to anyone, over IP. Perhaps that’s really nothing and GenZ will prefer pet rocks (I.e., seizable, heavy, counterfeitable, metal). May the best money technology win!
$800 million in BTC mining equipment!
4/10 of a whole bitcoin in transaction fees? Aka 40% ? Wow. That’s expensive fees.
What about bitcoin in the context of the #agenda2030
I was praying you would ask about MARAs up and down production. Alas.
🤣.... I think we have still few legs down for Bitcoin/market in general including GOLD.... Clearly they are looking for more investor (mostly uneducated) to buy at this high price.
My man sounds like the guy from the gala games how to set up node videos
Are they still paying millions to Merrick Okamoto or diluting like crazy?
David, I come here to see your hair.
Walter White is in Crypto now? Time to enter.
I wish interviewers would hold Fred's ass to the fire about marathons dismal performance against their promises/projections. mara has crapped the bed every quarter. Consistently failing to get their miners online and running at a consistent pace. Even now, what they have installed is offline most of the time....
bitcoin does not evolves, it´s always the same speech. No progress.
Lightning, Liquid, ordinals. Pay attention!
See the reason why crypto has been driven out of the US ...states to compete with all world currencies and not be a threat to the dollar
Ay speak for yourself this miner is slaying! That’s why you don’t leverage buy miners at the top 😂
The same price as gum then . Great
Gosh without bitcoin miners we would be stuffed on the energy markets. So all the BS from people who obviously do not know what the hell they are talking about. We need it.
Grand father Charles would have loves this Bitcon scam.
Is he related to Peter? 😊
Sorry is he saying 4x in 8 months 😂
great timing guys … seriously … 😂🎉