Interview · moment 14 of 21
Defending Bitcoin's Use in Drugs and Human Trafficking
from #255 - Bitcoin Winklevoss Jake Paul | The Tim Dillon Show · #255
3 min
Guest
Tim jokes about how to respond to critics who say Bitcoin funds drugs and human trafficking, comparing it to cars and cash, then the Winklevoss twins pivot to defending Bitcoin mining's environmental impact via renewable and flared gas energy.
- Tim's response to "Bitcoin is used for kidnapping and drugs": it makes the world fun, you might not be there the next day at an all-inclusive resort.
- The actual question: do we deny Bitcoin is used for drugs and trafficking, or do we just defend both?
- Nothing's been used to buy more drugs than the US dollar, and you can't snort Bitcoin—you have to roll up actual cash.
- Bitcoin critics ignore that bad people also use email and cars for kidnapping, so should we outlaw those too?
- Bitcoin miners can be placed at stranded energy sources not connected to the grid, driving renewable development.
- Crusoe Energy puts Bitcoin miners next to natural gas flares to harness otherwise-wasted energy for mining instead of burning it off.