Adopting Bitcoin 2024

Adopting Bitcoin 2024

Ryan MacLeod

I am a laboratory Technologist that works at Canada's nuclear research laboratory. I am an advocate for the peaceful proliferation of nuclear power and a Bitcoin mining enthusiast. In 2022 I was part of a team that won the North American Young Generation in Nuclear's Innovation 4 Nuclear idea competition with the idea of bolstering the economic case for Small Modular Reactors with Bitcoin mining. I have appeared on numerous podcasts to discuss this idea including The Bitcoin Standard, TFTC, Stefan Livera, and We Study Billionaires.


Session

11-15
14:10
20min
El Salvador, Bitcoin Mining & Nuclear Power
Ryan MacLeod, Heidi MacLeod

With the recent announcement of El Salvador adopting nuclear power it creates a unique opportunity to explore what the future of nuclear power looks like on a Bitcoin Standard. Bitcoin mining is going to revolutionize the economic case for building new nuclear assets big and small, anywhere in the world, that part is obvious to anybody familiar with the power consumption properties of Bitcoin mining. What comes next is even more fascinating. A guaranteed power consumer ensures that enough power for the future can be commissioned in the present with minimal underutilization risks, opening up deployment scenarios that would have been inconceivable. New software allows utilities to be compensated in real-time, and others under development would allow utilities to use lightning payments as part of power conservation programs. As generators begin to earn in Bitcoin, they then have the choice of selling it, hodling it, or putting it to work in countless novel ways in the Bitcoin ecosystem.

Nakamoto Stage
Nakamoto Stage