Duration 13:15

Max Keiser & Michael Saylor DESTROY Bitcoin Energy Consumption Criticism

by The Wealth Gems

1 324 watched

126

Published 15 May 2021

Max Keiser & Michael Saylor DESTROY Bitcoin Energy Consumption Criticism! Max Keiser and Michael Saylor Debunk Bitcoin Energy myths and give solutions to problems that Elon Musk has brought up about Bitcoin Mining! Watch this interview until the end so you dont miss any Bitcoin News! #Bitcoin #BitcoinEnergyConsumption #BitcoinNews #MichaelSaylor #MaxKeiser Make Sure To Subscribe To Our Channel Here! 👉👉👉http://bit.ly/3ptURjG� �� 👇 Watch These Videos Next👇: Bitcoin Will Become New Global Currency! Bitcoin To 300x In 7 YEARS? Max Keiser - Bitcoin Price /watch/UjKWXjW ... Willy Woo: Massive Bitcoin Avalanche Incoming! You Need To BE Prepared For This! (Bitcoin News) /watch/L9Gj19j ... Bitcoin Will Be Majorly Impacted Soon Because of THIS.. Cathie Wood - Bitcoin Price Prediction- Btc /watch/zCOHVCH ... 👇 Related Videos👇: MICHAEL SAYLOR FINALLY REVEALS HIS $15’000’000 BITCOIN PREDICTION!!!!!!!!!!!!!!!!! /watch/NVFaIVa ... BIG ALERT!!!! THIS NEXT BITCOIN MOVE IS A MASSIVE OPPORTUNITY!!! [huge bounce] /watch/n01sg0s ... SOLID Ethereum Breakout to $100k (BIGGEST ETH Price Prediction) /watch/L9Bnf9n ... -------- If you’re new to this channel then I want to welcome you to “The Wealth Gems”. This channel is all about keeping you informed and educated with everything going on in the economy from Bitcoin, Cryptocurrency, Real Estate, Economics, and everything wealth related today so you can have the knowledge and understanding of wealth and making money! We try our best to create the best finance education videos/ Inspiration Videos to give you the Gems of Wealth! We post tons of financial education videos from finance legends such as, Raoul Pal, Robert Kiyosaki, Michael Saylor, Ray Dalio, David Ramsey, Max Keiser, Warren Buffett, and many more! So be sure to hit that like button to show your appreciation and subscribe and hit that notification bell so you can get more gems from us! FAIR-USE COPYRIGHT DISCLAIMER Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, commenting, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational, or personal use tips the balance in favor of fair use.

Category

Comments - 55

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@panmor68053 years ago Recently in Iran there was power cut due to many people mining crypto currency.
@

@grenavoi3 years ago I’m pretty stunned to hear the M&Ms (Michael and Max) talk about bitcoin’s demand on energy as being insignificant. I think you guys are confusing the cost of energy with the cost of carbon pollution. The cost of a Kilowatt-hour of energy today is relatively cheap, 12cents in the Pacific NW, but nearly twice that with coal generation. No one cares if Bitcoin needs 700 Kw hours of energy per transaction at those rates. Just wait until our oil and natural gas supplies tip over the production curve - right around the corner. Like the cost of Texas energy going thru the roof last winter when energy supply interruptions occurred. That 700 kWh’s that Bitcoin needs may demand $300 or $700 or $1400 per transaction when Oil and natural gas supplies become scarce with everyone bidding desperately for smaller amounts of available affordable energy. All of the US major basins for oil and gas except one are in decline mode. Fracked oil & gas well production declines at 60-70% each year. The number of drilling rigs in each basin has declined by about 80%, with there being fewer rigs today than during Teddy Roosevelt’s era. We were only drilling enough to stay with the current before the pandemic. There’s very little time left before we will have to cut back on energy use because we won’t have enough energy supply. And renewables? That takes fossil fuel to make - lots of.
Even Ethereum at about 1/3 of a bitcoin’s energy demand will be in deep trouble. E2.0 And Cardono and others using proof of stake confirmation - more energy efficient by orders of magnitude - will be in high demand.
Michael is a financial God. Undeniable. I would’ve thought his engineering background would’ve raised loud alarm bells about bitcoin’s energy demands. And Elon? Anyone who can completely reinvent how three different industries operate is a God. So many youngsters like Michael and Elon never had to wait in 1/2 mile long lines at the gas pumps in 73 when oil supplies were interrupted and sporadic. When energy gets expensive - everything begins to get stressed. When winter heating energy doubles or quadruples in price, Bitcoin might well be a nation-wide scapegoat for stupidly high energy costs.
Elon was spot on when raising awareness about the energy drag of Bitcoin. But Eli apparently doesn’t understand that you don’t just plug into a windmill and become alternative energy overnight or over-year. It takes billions of barrels of fossil fuel to go green. I F’ing hate that we haven’t eliminated fossil fuels from our planet. Gasoline should be $6 or $8/gal. But! We still need it to function.
And there is no such thing as energy at the margins. It’s like water in a tank - You can’t take a gallon away from the perimeter and expect the level not to change. Take away a gallon anywhere in the tank and the level drops. Take away energy from the grid anywhere and you end up with less energy available.
I’m trading out Bitcoin for Etherium, then E2.0 to get ahead of the gas line. ...
@

@TheStevethebungee3 years ago You probably use more to boil the kettle 1
@

@brianblume37703 years ago The only way to fight whales is make them poor
@

@brianblume37703 years ago Who cares about the energy crash the price and bankrupt the big investors and then buy it back GameStop all over
@

@jeremiahanderson11593 years ago BTC is the best. Safest store of assest & most energy efficient to mine. 2
@

@jamesleo62363 years ago CORGIB is going to the moon this week! Get in before you miss out on huge gains 1
@

@panmor68053 years ago Recently in Iran there was power cut due to many people mining crypto currency.
@

@grenavoi3 years ago I’m pretty stunned to hear the M&Ms (Michael and Max) talk about bitcoin’s demand on energy as being insignificant. I think you guys are confusing the cost of energy with the cost of carbon pollution. The cost of a Kilowatt-hour of energy today is relatively cheap, 12cents in the Pacific NW, but nearly twice that with coal generation. No one cares if Bitcoin needs 700 Kw hours of energy per transaction at those rates. Just wait until our oil and natural gas supplies tip over the production curve - right around the corner. Like the cost of Texas energy going thru the roof last winter when energy supply interruptions occurred. That 700 kWh’s that Bitcoin needs may demand $300 or $700 or $1400 per transaction when Oil and natural gas supplies become scarce with everyone bidding desperately for smaller amounts of available affordable energy. All of the US major basins for oil and gas except one are in decline mode. Fracked oil & gas well production declines at 60-70% each year. The number of drilling rigs in each basin has declined by about 80%, with there being fewer rigs today than during Teddy Roosevelt’s era. We were only drilling enough to stay with the current before the pandemic. There’s very little time left before we will have to cut back on energy use because we won’t have enough energy supply. And renewables? That takes fossil fuel to make - lots of.
Even Ethereum at about 1/3 of a bitcoin’s energy demand will be in deep trouble. E2.0 And Cardono and others using proof of stake confirmation - more energy efficient by orders of magnitude - will be in high demand.
Michael is a financial God. Undeniable. I would’ve thought his engineering background would’ve raised loud alarm bells about bitcoin’s energy demands. And Elon? Anyone who can completely reinvent how three different industries operate is a God. So many youngsters like Michael and Elon never had to wait in 1/2 mile long lines at the gas pumps in 73 when oil supplies were interrupted and sporadic. When energy gets expensive - everything begins to get stressed. When winter heating energy doubles or quadruples in price, Bitcoin might well be a nation-wide scapegoat for stupidly high energy costs.
Elon was spot on when raising awareness about the energy drag of Bitcoin. But Eli apparently doesn’t understand that you don’t just plug into a windmill and become alternative energy overnight or over-year. It takes billions of barrels of fossil fuel to go green. I F’ing hate that we haven’t eliminated fossil fuels from our planet. Gasoline should be $6 or $8/gal. But! We still need it to function.
And there is no such thing as energy at the margins. It’s like water in a tank - You can’t take a gallon away from the perimeter and expect the level not to change. Take away a gallon anywhere in the tank and the level drops. Take away energy from the grid anywhere and you end up with less energy available.
I’m trading out Bitcoin for Etherium, then E2.0 to get ahead of the gas line. ...
@

@TheStevethebungee3 years ago You probably use more to boil the kettle 1
@

@brianblume37703 years ago The only way to fight whales is make them poor
@

@brianblume37703 years ago Who cares about the energy crash the price and bankrupt the big investors and then buy it back GameStop all over
@

@jeremiahanderson11593 years ago BTC is the best. Safest store of assest & most energy efficient to mine. 2
@

@jamesleo62363 years ago CORGIB is going to the moon this week! Get in before you miss out on huge gains 1
@

@panmor68053 years ago Recently in Iran there was power cut due to many people mining crypto currency.
@

@grenavoi3 years ago I’m pretty stunned to hear the M&Ms (Michael and Max) talk about bitcoin’s demand on energy as being insignificant. I think you guys are confusing the cost of energy with the cost of carbon pollution. The cost of a Kilowatt-hour of energy today is relatively cheap, 12cents in the Pacific NW, but nearly twice that with coal generation. No one cares if Bitcoin needs 700 Kw hours of energy per transaction at those rates. Just wait until our oil and natural gas supplies tip over the production curve - right around the corner. Like the cost of Texas energy going thru the roof last winter when energy supply interruptions occurred. That 700 kWh’s that Bitcoin needs may demand $300 or $700 or $1400 per transaction when Oil and natural gas supplies become scarce with everyone bidding desperately for smaller amounts of available affordable energy. All of the US major basins for oil and gas except one are in decline mode. Fracked oil & gas well production declines at 60-70% each year. The number of drilling rigs in each basin has declined by about 80%, with there being fewer rigs today than during Teddy Roosevelt’s era. We were only drilling enough to stay with the current before the pandemic. There’s very little time left before we will have to cut back on energy use because we won’t have enough energy supply. And renewables? That takes fossil fuel to make - lots of.
Even Ethereum at about 1/3 of a bitcoin’s energy demand will be in deep trouble. E2.0 And Cardono and others using proof of stake confirmation - more energy efficient by orders of magnitude - will be in high demand.
Michael is a financial God. Undeniable. I would’ve thought his engineering background would’ve raised loud alarm bells about bitcoin’s energy demands. And Elon? Anyone who can completely reinvent how three different industries operate is a God. So many youngsters like Michael and Elon never had to wait in 1/2 mile long lines at the gas pumps in 73 when oil supplies were interrupted and sporadic. When energy gets expensive - everything begins to get stressed. When winter heating energy doubles or quadruples in price, Bitcoin might well be a nation-wide scapegoat for stupidly high energy costs.
Elon was spot on when raising awareness about the energy drag of Bitcoin. But Eli apparently doesn’t understand that you don’t just plug into a windmill and become alternative energy overnight or over-year. It takes billions of barrels of fossil fuel to go green. I F’ing hate that we haven’t eliminated fossil fuels from our planet. Gasoline should be $6 or $8/gal. But! We still need it to function.
And there is no such thing as energy at the margins. It’s like water in a tank - You can’t take a gallon away from the perimeter and expect the level not to change. Take away a gallon anywhere in the tank and the level drops. Take away energy from the grid anywhere and you end up with less energy available.
I’m trading out Bitcoin for Etherium, then E2.0 to get ahead of the gas line. ...
@

@jeremiahanderson11593 years ago BTC is the best. Safest store of assest & most energy efficient to mine. 2
@

@TheStevethebungee3 years ago You probably use more to boil the kettle 1
@

@brianblume37703 years ago The only way to fight whales is make them poor
@

@brianblume37703 years ago Who cares about the energy crash the price and bankrupt the big investors and then buy it back GameStop all over
@

@jamesleo62363 years ago CORGIB is going to the moon this week! Get in before you miss out on huge gains 1
@

@panmor68053 years ago Recently in Iran there was power cut due to many people mining crypto currency.
@

@grenavoi3 years ago I’m pretty stunned to hear the M&Ms (Michael and Max) talk about bitcoin’s demand on energy as being insignificant. I think you guys are confusing the cost of energy with the cost of carbon pollution. The cost of a Kilowatt-hour of energy today is relatively cheap, 12cents in the Pacific NW, but nearly twice that with coal generation. No one cares if Bitcoin needs 700 Kw hours of energy per transaction at those rates. Just wait until our oil and natural gas supplies tip over the production curve - right around the corner. Like the cost of Texas energy going thru the roof last winter when energy supply interruptions occurred. That 700 kWh’s that Bitcoin needs may demand $300 or $700 or $1400 per transaction when Oil and natural gas supplies become scarce with everyone bidding desperately for smaller amounts of available affordable energy. All of the US major basins for oil and gas except one are in decline mode. Fracked oil & gas well production declines at 60-70% each year. The number of drilling rigs in each basin has declined by about 80%, with there being fewer rigs today than during Teddy Roosevelt’s era. We were only drilling enough to stay with the current before the pandemic. There’s very little time left before we will have to cut back on energy use because we won’t have enough energy supply. And renewables? That takes fossil fuel to make - lots of.
Even Ethereum at about 1/3 of a bitcoin’s energy demand will be in deep trouble. E2.0 And Cardono and others using proof of stake confirmation - more energy efficient by orders of magnitude - will be in high demand.
Michael is a financial God. Undeniable. I would’ve thought his engineering background would’ve raised loud alarm bells about bitcoin’s energy demands. And Elon? Anyone who can completely reinvent how three different industries operate is a God. So many youngsters like Michael and Elon never had to wait in 1/2 mile long lines at the gas pumps in 73 when oil supplies were interrupted and sporadic. When energy gets expensive - everything begins to get stressed. When winter heating energy doubles or quadruples in price, Bitcoin might well be a nation-wide scapegoat for stupidly high energy costs.
Elon was spot on when raising awareness about the energy drag of Bitcoin. But Eli apparently doesn’t understand that you don’t just plug into a windmill and become alternative energy overnight or over-year. It takes billions of barrels of fossil fuel to go green. I F’ing hate that we haven’t eliminated fossil fuels from our planet. Gasoline should be $6 or $8/gal. But! We still need it to function.
And there is no such thing as energy at the margins. It’s like water in a tank - You can’t take a gallon away from the perimeter and expect the level not to change. Take away a gallon anywhere in the tank and the level drops. Take away energy from the grid anywhere and you end up with less energy available.
I’m trading out Bitcoin for Etherium, then E2.0 to get ahead of the gas line. ...
@

@jeremiahanderson11593 years ago BTC is the best. Safest store of assest & most energy efficient to mine. 2
@

@TheStevethebungee3 years ago You probably use more to boil the kettle 1
@

@brianblume37703 years ago The only way to fight whales is make them poor
@

@brianblume37703 years ago Who cares about the energy crash the price and bankrupt the big investors and then buy it back GameStop all over
@

@jamesleo62363 years ago CORGIB is going to the moon this week! Get in before you miss out on huge gains 1
@

@panmor68053 years ago Recently in Iran there was power cut due to many people mining crypto currency.
@

@grenavoi3 years ago I’m pretty stunned to hear the M&Ms (Michael and Max) talk about bitcoin’s demand on energy as being insignificant. I think you guys are confusing the cost of energy with the cost of carbon pollution. The cost of a Kilowatt-hour of energy today is relatively cheap, 12cents in the Pacific NW, but nearly twice that with coal generation. No one cares if Bitcoin needs 700 Kw hours of energy per transaction at those rates. Just wait until our oil and natural gas supplies tip over the production curve - right around the corner. Like the cost of Texas energy going thru the roof last winter when energy supply interruptions occurred. That 700 kWh’s that Bitcoin needs may demand $300 or $700 or $1400 per transaction when Oil and natural gas supplies become scarce with everyone bidding desperately for smaller amounts of available affordable energy. All of the US major basins for oil and gas except one are in decline mode. Fracked oil & gas well production declines at 60-70% each year. The number of drilling rigs in each basin has declined by about 80%, with there being fewer rigs today than during Teddy Roosevelt’s era. We were only drilling enough to stay with the current before the pandemic. There’s very little time left before we will have to cut back on energy use because we won’t have enough energy supply. And renewables? That takes fossil fuel to make - lots of.
Even Ethereum at about 1/3 of a bitcoin’s energy demand will be in deep trouble. E2.0 And Cardono and others using proof of stake confirmation - more energy efficient by orders of magnitude - will be in high demand.
Michael is a financial God. Undeniable. I would’ve thought his engineering background would’ve raised loud alarm bells about bitcoin’s energy demands. And Elon? Anyone who can completely reinvent how three different industries operate is a God. So many youngsters like Michael and Elon never had to wait in 1/2 mile long lines at the gas pumps in 73 when oil supplies were interrupted and sporadic. When energy gets expensive - everything begins to get stressed. When winter heating energy doubles or quadruples in price, Bitcoin might well be a nation-wide scapegoat for stupidly high energy costs.
Elon was spot on when raising awareness about the energy drag of Bitcoin. But Eli apparently doesn’t understand that you don’t just plug into a windmill and become alternative energy overnight or over-year. It takes billions of barrels of fossil fuel to go green. I F’ing hate that we haven’t eliminated fossil fuels from our planet. Gasoline should be $6 or $8/gal. But! We still need it to function.
And there is no such thing as energy at the margins. It’s like water in a tank - You can’t take a gallon away from the perimeter and expect the level not to change. Take away a gallon anywhere in the tank and the level drops. Take away energy from the grid anywhere and you end up with less energy available.
I’m trading out Bitcoin for Etherium, then E2.0 to get ahead of the gas line. ...
@

@jeremiahanderson11593 years ago BTC is the best. Safest store of assest & most energy efficient to mine. 2
@

@TheStevethebungee3 years ago You probably use more to boil the kettle 1
@

@brianblume37703 years ago The only way to fight whales is make them poor
@

@brianblume37703 years ago Who cares about the energy crash the price and bankrupt the big investors and then buy it back GameStop all over
@

@jamesleo62363 years ago CORGIB is going to the moon this week! Get in before you miss out on huge gains 1