Welcome to the Not Your Grandmother's Book Club Podcast, where we read right-wing nonfiction so you don't have to. Join us and read along, or more likely don't as we slog through the worst that american publishing has to offer.
Episodes
Wednesday Jul 17, 2024
Wednesday Jul 17, 2024
This week, on Kevin’s ADHD roller coaster topical tour, we take a trip to cryptocurrency mountain, where the water tastes like Lambos and the grift flows like wine. That’s right, cryptocurrency is a ponzi scheme, but somehow more environmentally destructive than Bernie Madoff even tried to be.
Thanks as always for listening and enjoy the show!
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Show Links:
Line Goes Up: https://www.youtube.com/watch?v=YQ_xWvX1n9g&t=1s
Bitcoin transaction fees: https://ycharts.com/indicators/bitcoin_average_confirmation_time
Nicholas Weaver explains why crypto is a scam: https://www.vox.com/conversations/2018/4/11/17206018/bitcoin-blockchain-cryptocurrency-weaver
SPLC tracked donations to Alex Jones and white supremacist groups: o https://www.splcenter.org/hatewatch/2022/04/29/updated-anonymous-donor-drops-2-million-bitcoin-alex-jones
EIA In Depth Analysis on Crypto energy usage: https://www.eia.gov/todayinenergy/detail.php?id=61364
Coindesk reports the cost to mint bitcoin: https://www.coindesk.com/markets/2024/05/16/bitcoin-mining-cost-estimate-drops-to-45k-as-inefficient-miners-exit-jpmorgan/
The Real World Costs of the Digital Race for Bitcoin: https://www.nytimes.com/2023/04/09/business/bitcoin-mining-electricity-pollution.html
Bitcoin magazine on crypto electricity usage vs global banking system: https://www.nasdaq.com/articles/research:-bitcoin-consumes-less-than-half-the-energy-of-the-banking-or-gold-industries
Digiconomist on the real cost of bitcoin: https://digiconomist.net/bitcoin-energy-consumption
Bitcoin transaction fees hit record highs: https://www.coindesk.com/tech/2024/04/21/bitcoin-miners-reap-windfall-as-runes-debut-sends-transaction-fees-to-record-highs/#:~:text=Bitcoin%20transaction%20fees%20averaged%20a,based%20on%20coordinated%20universal%20time.
Bitcoin transaction fees hit 2020 lows: https://cointelegraph.com/news/bitcoin-transaction-fees-lowest-2020
Financial Times explains why bitcoin is worse than a Madoff style Ponzi Scheme: https://www.ft.com/content/83a14261-598d-4601-87fc-5dde528b33d0
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