Part 7/14:
One of the most striking parts of the conversation involves Troy's back-of-the-envelope calculations, which initially suggested that Bitcoin's energy footprint could be catastrophic at scale. However, upon deeper analysis, he realized that earlier assumptions—such as ignoring the energy-efficient effects of 'halvings' and the role of miners in bypassing traditional energy constraints—were incomplete.
He emphasizes that Bitcoin's energy consumption today accounts for roughly 0.08% of global emissions, a figure that challenges common narratives. Moreover, he points out that the entire energy footprint of Bitcoin is dwarfed by industries like the U.S. military, which burns billions of gallons of fuel daily, and conventional banking infrastructure.