Bitcoin Course | Big Picture Basics 2.1 - Grids And Transmission

“The electricity grid is one of those things that people take for granted… until it stops working”.
– Ernest Moniz

What would you do without electricity?

The significance of basic electricity access cannot be overstated. It dictates the pace in which a society progresses. Children can study after sunset, businesses can operate efficiently, people can walk under street-lamps and daily life just becomes less taxing. A well-structured electricity grid isn’t merely a provider of power; it’s a catalyst for opportunities. As we move forward, the spotlight needs to shine brightly on these intricate networks, acknowledging their pivotal role in shaping our 21st century world.

Free Course Full Lesson https://hashpower.academy/lessons/2-grids-electricity/

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This video is for educational and informational purposes only and should not be considered as financial advice or an investment recommendation.
The opinions expressed herein are solely those of the presenter and do not reflect the views of Hashpower Academy. Information is provided ‘as is’ and without warranties, either expressed or implied. We do not guarantee its accuracy or completeness. Investing in cryptocurrencies involves significant risk and should be undertaken only by individuals who can afford potential losses. Viewers are advised to conduct their own research and consult a qualified financial professional before making any investment decisions.

Video Transcript:

[Music] in module two we’re going to discuss grids and electricity module one discussed the producers of electricity the grids is how we transfer all that energy to us in our homes and hospitals and everyday life now I believe that the grid is the most underappreciated infrastructure that brings about everything we do in the 21st century think about your dependency on the electricity grid right now I’m connected to a grid and that is providing me power to be able to do this communication everything about the electricity grid requires constant maintenance and stability and its expansion is really expensive think about that renewable stranded producer that we discussed in the previous module they need to be connected to the grid and to get connected they require however many 10 or 20 30 40 or 100 miles of transmission lines to be to be connected and that serves a problem because what if the local farmer that owns that land doesn’t want these huge cables running across his land he might want concessions monetary amounts to actually agree to have it being built so there’s all these frictions to the progress being made to have all the connection between our producers and obviously us as the consumers so take that into mind because when the power goes out it’s a stark reminder that we truly depend on this infrastructure being there and being [Music] available

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