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Do Donald Trump & Joe Biden REALLY love Bitcoin now? Texas Blockchain Council President Lee Bratcher
The conversation between Brandon Gentile and Lee Bratcher covers various topics related to Bitcoin mining and its impact on the energy grid, with a focus on the recent events in Texas. They discuss the involvement of Bitcoin miners in the Texas grid, the challenges they face in the regulatory environment, and the importance of educating politicians about mining. They also touch on the demographic breakdown of Bitcoin ownership in Texas and the potential impact of Bitcoin on the US dollar as a reserve currency. The conversation concludes with an explanation of ERCOT and the role of market forces in stabilizing the grid. Bitcoin mining in Texas is predominantly powered by natural gas, with wind and solar contributing on certain days. Bitcoin miners play a crucial role in stabilizing the grid by being a demand-side battery, helping to decongest the grid and providing flexibility during low voltage events. Bitcoin mining also has positive environmental impacts, such as utilizing flare gas that would otherwise be vented into the atmosphere. In Texas, Bitcoin mining has transformed rural communities by creating jobs and doubling the tax base. The Texas Blockchain Council advocates for the Bitcoin and blockchain industry in Texas and works to make Texas the jurisdiction of choice for digital assets.
Playable Characters Show Ep058
Presented by @Bitcointradingcards
It is morning (Bitcoin mining) in America again. Lee Bratcher, President, Texas Blockchain Council
How Trump and Biden Are Shaping the Future of Bitcoin Mining – Shocking Implications!
Bio of Lee:
President of the Texas Blockchain Council (@txblockchain_) Making Texas the jurisdiction of choice for blockchain and digital assets.
Connect with Lee here:
Lee’s Twitter - https://x.com/lee_bratcher
Texas Blockchain Council website: https://texasblockchaincouncil.org
Timestamps:
00:00 Bitcoin Mining and the Energy Grid
08:01 Challenges and Opportunities in Texas
12:02 Demographic Breakdown and Bitcoin Ownership
15:56 Educating Politicians and Advocacy
23:57 Price Signals and Grid Stability
28:11 Bitcoin and the US Dollar
27:42 Bitcoin Miners as a Demand-Side Battery
32:36 Environmental Impact and Flare Gas Utilization
45:19 The Mission of the Texas Blockchain Council
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Producer: Murphy @Studio-BTC
DISCLAIMER: “Playable Characters” is for entertainment purposes only and does not intend to be taken as financial advice.
#BitcoinETF #BitcoinHalving #bitcoin #btc #crypto #cryptocurrency #money #satoshi #btcnews #btcprice
Keywords
Bitcoin mining, energy grid, Texas, ERCOT, politicians, market forces, reserve currency, Bitcoin mining, Texas, natural gas, wind, solar, grid stability, environmental impact, rural communities, Texas Blockchain Council
Published on 1 year, 5 months ago