How Bitcoin Benefits Power Grids with Justin Orkney (WiM356)

Justin Orkney joins me to discuss his Bitcoin mining journey, how Bitcoin can improve the environment, different types of Bitcoin mining, and Bitcoin’s positive influence on rural revitalization. <br /><br />Justin Orkney is the Commercial Director at Standard Power. He is also a senior advisor for Satoshi Action Fund. <br /><br />Twitter: https://twitter.com/jorkney5 <br />Website: https://standardpwr.com/<br /><br />// SPONSORS // <br />In Wolf's Clothing: https://wolfnyc.com/<br />iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/ <br />Wasabi Wallet: https://wasabiwallet.io/ <br />Casa (use discount code BREEDLOVE): https://keys.casa/ <br />Bitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/ <br />Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.com <br />Carnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/ <br /><br />// OUTLINE // <br />00:00 - Coming up <br />00:46 - Intro <br />02:19 - Helping Lightning Startups with In Wolf's Clothing <br />03:05 - Introducing Justin Orkney <br />03:51 - Career Pathway and Bitcoin Involvement <br />07:50 - Brief Description of Standard Power <br />09:44 - What is Demand Response? <br />10:50 - Bitcoin's Compatibility with Power Grid <br />15:35 - Bitcoin as a Digital Commodity <br />17:01 - No Counterparty in Bitcoin Mining <br />19:24 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet <br />20:20 - Different Types of Bitcoin Mining <br />25:14 - Most Efficient Type of Bitcoin Mining <br />27:37 - Explaining Bitcoin Mining to Policymakers <br />30:30 - Describing Bitcoin Mining to Electric Utility Operators <br />33:12 - Bitcoin Mining for Rural Revitalization <br />37:19 - Benefits of Different Forms of Power Generation <br />41:03 - Buyer of Last or First Resort <br />44:06 - Balancing Out the Nuclear Output <br />46:08 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet <br />46:59 - Hold Bitcoin in the Most Secure Custody Model with Casa <br />47:47 - Reducing Blackout Risk <br />51:00 - Bitcoin as an Ideal Customer <br />52:52 - Where to Find Justin on the Internet<br /><br />// PODCAST // <br />Podcast Website: https://whatismoneypodcast.com/ <br />Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400<br />Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE? <br />RSS Feed: https://feeds.simplecast.com/MLdpYXYI<br /><br />// SUPPORT THIS CHANNEL // <br />Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 <br />Sats via Strike: https://strike.me/breedlove22 <br />Sats via Tippin.me: https://tippin.me/@Breedlove22 <br />Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove<br /><br />// WRITTEN WORK // <br />Medium: https://breedlove22.medium.com/ <br />Substack: https://breedl