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In a perfect universe, energy could be stored without deterioration over time, creating a perfect battery. While the laws of thermodynamics deny this possibility, Bitcoin is the best representation of an entropy-resistant monetary system that humans have ever seen. Few explain this as well as Mark Goodwin, and he did so in our latest episode of Meet The Plebs, the first on Bitcoin Magazine Live. Check out our interview where he explains how he got into Bitcoin, its impact on the world and more.
How did you first get introduced to Bitcoin?
Oddly enough, I was working in a bar in San Francisco and the gentleman who started Silk Road 2.0 right after the fit was a regular without our knowing. He bought an early edition Tesla when they were rare with Bitcoin, and I drove into Dread Pirate Robert 2’s Tesla, which was bought with Bitcoin in early 2014. He taught me a little. I used it as a currency but unfortunately didn’t start saving with Bitcoin until 2017.
What is the most important “life lesson” you learned from your time with Bitcoin?
Too many to reduce. But definitely hope and purpose. And that there is another path to the systems you grew up in. That intentions aren’t nearly as important as incentives. Bitcoin really changed my life palpably as it gave me a place to put my energy and economic activity into place in place of the partying and destructive lifestyle I was leading in the bar world at the time.
What is the most important change in the world that you would like to see with the introduction of Bitcoin?
So that people know and learn that with collaboration, care and effort they can create a better world. More time for people, art, love and family to pursue.
Her first article discussed the idea of an energy-based currency beyond the petrodollar – the Bitcoin dollar. Can you talk about the connection between energy and money and how Bitcoin iterates on it?
Money is a form of energy. Human capital is a form of energy. By combining our saving technology with energy-based money, we make it difficult to dilute the money supply by expanding the money supply cheaply and free of charge.
To detract from the previous question, your next article looked at Bitcoin’s effects on energy storage, the duck curve, and the efficient use of energy. Given the physical limits (i.e., the sun goes down) of renewable production, how does Bitcoin help us distribute energy more efficiently?
As buyers and sellers of last resort, these bitcoin farms can make viable high-capacity sources like nuclear, which often produce high wattages when demand is low, as well as low-capacity sources like solar to expand their arrays to meet demand while they always have a market to monetize that energy.
What are you most looking forward to in the Bitcoin space?
Community made up of dreamers, engineers, believers, creators and lovers who come together and kill the beasts of our ancient system. Bitcoin is a means to an end. I look forward to this ending.
Price forecast for 2022 and the end of 2030?
2022: We will break in six figures.
2030: We will have broken the seven-figure amount.