Traders!! Bitcoin has a Hidden Iceberg: Price Today, AI Power Tomorrow! | Hashpower Academy

Video Transcript:

hello there and welcome to the HashPower Academy my name is Jake Scandalan i’m the lead educator here at the academy and this is a place for you to learn anything and everything to do with Bitcoin in the context of finance the price where it’s going to go and how it’s going to get there that’s the interesting piece but you may have also heard of the blockchain different alternative currencies trying to uh explore the use of blockchain technology and all other different things now we focus here on Bitcoin but also from its fundamental layers these are the pieces that you may be missing in your understanding as to where Bitcoin is today and going into the future because if you understand Bitcoin from its dollarized price maybe different trading sentiments and the markets and what Black Rockck and all the other different large institutions are doing what Sailor’s doing that’s just the financial tip of the iceberg underneath the water level the Bitcoin blockchain the depths of all the different technical electrical and financial aspects of how Bitcoin works and the incentives of how it all connects together those are the most important pieces to learn why because if you are a trader for example it’s all based on your information if you know what happens tomorrow you can trade today and that’s not to say that these fundamental levels are going to teach you what happens tomorrow well in some sense you know when the hing’s coming but if you understand that the hing is going to double the production cost and you know that the price is going to not really go below production these are the sorts of things that you might not understand if you haven’t learned Bitcoin’s energy and compute fundamentals and these are the sorts of things that we talk about here at the Hash Power Academy the mathematical connection between electricity compute power and a quantity of Bitcoin being produced on the blockchain now if I have lost you already I’m sorry but this is the key thing here it’s boring stuff if you are focused on the financial side of this that think of a hundred people that you may know maybe one of them actually went deep into mining economics and the maths and physics and blockchain and coding and all these other different subject areas of Bitcoin besides finance if a hundred people that you know in the trading group chat for example and I’m sorry if I’ve targeted traders with this talk but oh well hundred of them maybe one of them has some insight into mining and that same analogy carries across to the world that maybe there is truly one in a 100red people that have got into Bitcoin and learned about it in some way now that one in a hundred multiplies out again that say you pick a hundred Bitcoiners of that 1% barely only 1% of them have actually learned about mining and so you got this 1% of the 1% and the deeper you go into these knowledge areas of all the different pieces from finance all the way down to energy these are the bits of where Bitcoin’s going tomorrow so if you care about holding Bitcoin storing Bitcoin saving in Bitcoin loaning against Bitcoin yield uh accumulation strategies like micro strategy um you’re only going to understand those from a fundamentals perspective because everything in this world is based on the fundamentals you get the basic building blocks of knowledge which delves into energy micro grids grid stability which is what Bitcoin miners are doing the microchip uh technology innovation curve that you know the latest phone comes out and it’s more efficient cheaper quicker faster whatever and it makes all the old old phones um less less expensive um you can boil that down to I want a fast computer you go in the shop you want an even faster computer you’re using software you’re doing gaming you want a faster computer but the underlying technology behind even all of our internet of things sort of world all of those different technology areas are also part of Bitcoin the AI conversation comes into this because what currency do you think AI is going to use that if you have some form of AI that wants to communicate with humans through goods services resources and language models as well what currency do you think it’s going to use is natively digital uh machine learning aggregated logic through this sort of neural network of try trying to speak to you and communicate to you as a human but as a system of if then and else and what currency do you think it’s going to use and where do you think it’s going to communicate it do you think it’s just going to communicate with the blockchain and pay people to do different services that the the the AI can’t do itself or do you think that it’s going to also have an integration on the energy side where the the two biggest constraints with AI are yes the sort of models and processing cost required to to run these models but also the general tasks that is required that when you prompt the AI and ask it to do something there is a computer somewhere out there consuming electricity to give you the answer that energy that energy has a cost and right now data centers are going to be quite limited because of the constraints of the electrical grid net zero policies pushing for more renewables and and more sustainable energy sources and they’re inst they’re instable so you’re going to have a consumer of energy on the demand side such as Bitcoin mining which if you delve into the hash power academy you’re going to learn that Bitcoin mining sets a price for electricity in a quantity of Bitcoin now what do you think AIs are going to communicate their need for both uh financial tasks to be paid in Bitcoin but also to seek energy collocation which is you having AI computers and Bitcoin computers consuming the same energy and the Bitcoin mining machines will switch off because they’re just an economic user of the energy they will switch off to sell that power uh to AI services that will pay that higher rate because everyone’s trying to use AI to make uh pictures of artistic art art styles of every image you can think of um there’s there’s endless topics here microchips AI yeah that’s the sort of compute parallels to Bitcoin mining and then you’ve got compute in of itself hash power on the Bitcoin side which is the delving into cryptography and secure communications uh these are all technology areas that they may seem boring to a lot of people but they’re not it’s how the world works it’s how it lives you get in your car you turn the key without even thinking about the combustion engine and how it works and yes we will get to that world where the majority live in that just operator mode of turn the key and push the pedal and and steer the wheel or well in our electrified world we’re not even going to be steering the wheel anymore we push a button and get that extra hour of sitting on the laptop whilst driving around so productivity gains somewhat and networks as well that if you’ve got these Bitcoin miners deploying compute all around the world data centers all around the world there’s an aspect of mesh nets coming in uh Bitcoin citadels where all the different citadels have their own communication systems between each other so our network communication systems get even more decentralized connect to Elon satellites which need more energy it’s all interconnected but if you just learn this piece on top yes you will ride the wave by holding Bitcoin but if you don’t understand the moving parts and the changes and volatility in these areas how are you going to understand what happens tomorrow which if you trade you need more information really and SH 256 is an interesting one because it delves down the quantum direction of things you’ve got these new innovations in just about every direction and if we if if we uh develop computers that can truly crack SH 256 which would be quite impressive because SH 256 is essentially a larger number than there are atoms in the universe and to break that sort of level of encryption uh would be monumental and Bitcoin being cracked so to speak would be the least of problems there’s nuclear codes and half the internet runs on SH 256 and well yeah you need to understand it to to know where it’s going and when the the news headlines come up oh this is going to happen that’s going to happen this is a concern if you don’t have the knowledge how are you going to be able to action your trades sorry traders I keep prioritizing you as an example but yeah learn about Bitcoin learn about the blockchain but go into compute power mining machines and microchips the AI parallel grid stability where these computers can switch on and off and provide power on a Bitcoin unit of account to such things like AI agents that will serve you in every way we hope and as everything else in everything in society you put in your mouth put in the car put in the plane everything depends on energy we have a currency that continually controls and and objectively tries to price itself against energy the the pro dollar and so energy always has a part of the conversation of the inputs to our economy and our society and finance has all the outputs and if you learn all the pieces in the middle you’ll have a lot more information to action your action your trades shall we say so I hope this was an interesting video it went all over the place but this is what we do at the Hash Power Academy in a more specific structural format with other videos delving into the numbers and it will provide you more information that’s all I’m trying to provide here is a wider scope of information to those that might just have a very tunnel vision financial lens to Bitcoin when the energy and compute sectors create this very powerful trifecta that I have shown as a vertical stack thank you for listening i hope you enjoy and I’ll see you in the next one i hope goodbye