Bitcoin Course | Big Picture Basics 3.4 – Decentralized Opportunity
Instead of a concentrated rush to a specific location, the allure of Bitcoin beckons from every corner of the world. This mining doesn’t feed on energy but monetizes the excess within our physical realm, storing its value digitally. Through this, Bitcoin forges relationships across diverse sectors like carbon accounting for a greener future, electricity stability and management ensuring a balanced grid, and the creation of heat for countless applications ranging from agriculture to residential warming.
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👤 Your Educator – Jake Scanlan
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Video Transcript:
[Music] everyone wants a good life everyone wants a meaningful life that brings them prosperity and abundance and opportunity and so this SE s about a saying that I’ve thought about which is humans vote with their feet seeking energy abundance and that is shown throughout all of history people looked for the best soil to grow the best crops hunt in the best forests fish in the best rivers and so small villages towns and even cities have been developed as such think about California in the 1800s people rushed to extract this natural gold wealth out of the ground and in that process people moved in to create other businesses and little small circular economies to which economic powerhouses such as California have developed up to today and that has moved into the financial world of things with the concept of money that cities such as New York have such an attraction for people wanting to find financial prosperity by moving there and so we have this Society that’s built around this concentration of wealth in these specific pockets of the world but that’s going to change Bitcoin as a network is decentrally looking all over the world people that mine Bitcoin are actively looking for where energy abundance could be found and so those small circular economies of trading in heat in electricity and even carbon Credit Systems will mean that Bitcoin miners create local energy opportunities jobs businesses that are built around this production of Bitcoin as a process and so what we could see as the world going forward is potentially new cities and New Towns being built in in a decentralized way across the world so we don’t have these huge Central cities but more of a decentralized layer where we all agree to the Bitcoin Network consensus it’s a really interesting concept that I believe that people should look at a lot [Music] more [Music]
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