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What the NYT Gets Wrong (and Right) about Bitcoin with Pierre Rochard

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Natalie Brunell
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Pierre Rochard is the VP of Research at Riot Platforms, a Bitcoin mining company that supports the BTC blockchain through rapidly expanding large-scale mining in the US. Rochard is also a co-founder of the Satoshi Nakamoto Institute, and Catholic Bitcoiners. Pierre holds Bachelor’s and Master’s degrees in Accounting from the University of Texas at Austin. 🐦 Follow Pierre on Twitter https://twitter.com/BitcoinPierre In this episode we discuss the following article from the New York Times on Bitcoin Mining: https://www.nytimes.com/2023/04/09/business/bitcoin-mining-electricity-pollution.html Partners: ✔️ Coin Stories is powered by @Swan_Bitcoin the best way to build your Bitcoin stack with automated Bitcoin savings plans and instant purchases. Swan serves clients of any size, from $10 to $10M+. Visit https://www.swanbitcoin.com/nataliebrunell for $10 in Bitcoin when you sign up. If you are planning to buy more than $100,000 of Bitcoin over the next year, the Swan Private team can help. ✔️ BITCOIN 2023 by @BitcoinMagazine will be the biggest Bitcoin event in history May 18-20 in Miami Beach. Speakers include Michael Saylor, Lyn Alden and Michelle Phan, plus a Day 3 music festival. Nearly 30,000 people attended Bitcoin 2022. Get an early bird pass at a steep discount at https://b.tc/conference code HODL for 10% off your pass. ✔️ Fold is the best Bitcoin rewards debit card and shopping app in the world! Earn Bitcoin on everything you purchase with Fold's Bitcoin cash back debit card, and spin the Daily Wheel to earn free Bitcoin. Head to https://www.foldapp.com/natalie for 5,000 in free sats! ✔️ Health insurance needs an overhaul. The government and insurance companies have jacked the price, increased complexity, and made insurance almost unusable. You send your money to the health insurance black hole and never see it again. Then, when you get hurt you have to send them more money. The great news is now you have an alternative: CrowdHealth. It’s totally different from insurance. Instead of sending your hard earned money to an insurance company, you hold your money in an account CrowdHealth helps you set up when you join. You can even convert dollars in that account into Bitcoin. When someone in the community has a health need, you help them out directly and if there is Bitcoin or $ left over in your account when you leave, you take it with you. https://www.joincrowdhealth.com/natalie ✔️ With iTrustCapital you can invest in crypto without worrying about taxes or fees, through an individual retirement account. IRAs are tax-sheltered accounts, which means all your crypto trading is tax-free and can even grow tax-free over time. The best part is it’s totally free to open an account, and there are no hidden fees, monthly subscriptions or membership fees. Your account is FDIC insured up to $250,000. Get a $100 funding bonus if you open and fund an account. Go to https://itrust.capital/nataliebrunell to learn more and open a free account. The custom Bitcoin B sculpture featured on Natalie’s set can be purchased at www.vonbitcoin.com 🗒️ IN THIS EPISODE: 0:00 Intro, Swan Bitcoin promo 1:33 Response to NY Times article on Bitcoin mining 3:19 Transitioning from Kraken to Riot Platforms 7:57 Sacrificing energy component sacrifices decentralization 14:36 NYT claiming mining pollution in TX 17:54 Bitcoin 2023, Fold app promos 19:34 Mainstream media should be fair reporting on Bitcoin 27:33 Demand response program 35:35 CrowdHealth promo 36:49 NYT misrepresenting energy agreements 41:54 "We're helping lower the price of electricity by increasing supply." 43:46 Takeaways from NYT article 46:07 What would Pierre say to NYT reporters, writers? 47:13 Government should have a reserve of Bitcoin 49:29 "Bitcoin will replace the US dollar" 💡 OTHER RESOURCES Natalie’s website https://talkingbitcoin.com/ Riot Platforms https://www.riotplatforms.com/ Catholic Bitcoiners https://catholicbitcoiners.com/ 💰 VALUE FOR VALUE — SUPPORT NATALIE’S SHOWS Strike ID https://strike.me/coinstoriesnat/ Cash App $CoinStories FOLLOW NATALIE ON SOCIAL MEDIA📱 🐦 Twitter https://twitter.com/natbrunell 💻 Instagram https://www.instagram.com/nataliebrunell 👔 Linkedin https://www.linkedin.com/in/nataliebrunell Producer: Aron Bender https://www.linkedin.com/in/aron-bender/ DISCLAIMER This show is for entertainment purposes only and does not give financial advice. Before making any decisions consult a professional. #bitcoin #cryptocurrency #money
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Bitcoin wastes energy

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