And he had a

question which was, well, can't battery do the same thing? And it's a question I get a lot.

But battery, isn't that the answer for the intermittency of solar wind? And it is part of the answer, but it's not the full answer for a couple of reasons.

And nor is battery a competition with Bitcoin mining.

They're actually incredibly synergistic.

The advantage of battery that has over Bitcoin is two things.

Number one, Bitcoin can't store energy.

Do you know of any case studies of Bitcoin mining helping underdeveloped countries?

Been some

really good wins lately.

Literally just yesterday, we got news that Cambridge has updated its assessment of Bitcoin mining and its energy sources.

And they're going to release a full report probably later this year, but they've snuck out a couple of teasers in the meantime.

And one of them is that Bitcoin is now 59.4% powered by clean energy.

And to put that in context, there is no other reported energy industry in the world that's anywhere remotely close to that.

The grid mix is about 40% sustainable.

So, yeah, Daniel, you're back with us? Okay, hopefully I can stick up this time.

what's the current state of people's minds changing grid operators energies as this comes online

well this is something I feel is critically important to everyone who cares about Bitcoin whether you care about grids or not everyone should care about grids because the world is likely to embrace Bitcoin as a solution to the energy problem before it is able to embrace Bitcoin as a solution to the monetary problem.

And that's critically important because at the moment, as Bitcoiners, we came to Bitcoin for the most part.

I'm an anomaly.

I came to Bitcoin because I got interested in Bitcoin solving an energy problem, then found out about the money problem it solved afterwards.

But I'm an outlier.

Most people did not come to Bitcoin through that particular route.

is easy for people who've done the work and gone through the journey of understanding to use those same frameworks that worked on them which is not always the winning strategy right how do you think about onboarding the next wave in your uh day-to-day work

If permaculture is the new reality of Bitcoin mining, why is the global energy and political establishment still treating Bitcoin like an invasive species rather than a foundational ecosystem tool? And what is the specific catalyst needed to make energy policy makers see the ecosystem rather than just a machine?

Yeah, so there's two things here.

The first is that whenever you have a nascent technology, there is an order in which people understand it.

And the first people would be the early people who take time to research it deeply, who have the combined knowledge of the different domains that are required.

Of course, Bitcoin mining is a combination.

You need to know a little bit about the economics, a little bit about energy, a little bit about money, and a little bit about environmental science as well, a little bit about regulatory frameworks.

So the people who understand those areas together, they'll get it fast.

And I really want to hear this because I think everyone does.

So let's talk about more specifically what you saw in Spain and Portugal.

Spain, Portugal, Norway, Finland, Sweden, all across Europe, in fact.

Denmark, Germany, it's starting as well.

Very similar theme.

High and increasing variable renewable load and pressure with AI data centers wanting to come onto the network at the same time.

I'm gonna share a story which gives an illustration of what could be a potential future direction for Bitcoin mining.

And if you're wondering why are we talking about Europe, that seems like an unlikely place to be thinking about Bitcoin mining.

You mentioned something about the cost being passed on to the end user, but, uh, that needed a little bit of explanation.