A response to Noah Smith
Excess natural gas being employed to mine Bitcoin at an oil well in Alberta, CA. Used with permission by Upstream Data
The Bloomberg columnist Noah Smith has a lot of thoughts on Bitcoin. Some of them are really solid and engage with the reality of the p...


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Most recently, @Noahpinion argued that Bitcoin should move to Proof-of-Stake in Bloomberg. By doing so he demonstrates that he does not understand how or why Bitcoin work. @nic__carter did a great job dismantling his argument here: