YouSaid · the spoken record

Ryan MacLeod

lines on the record: 55
first: 2024-07-17
most recent: 2024-07-17
sittings or episodes: 1
sources: podcast

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“Well, just like Satoshi combined a bunch of other technologies that are listed into something new, like we're kind of doing Bitcoin mining, small reactors, and a few other technologies that amplify what any one of them will be capable of on their own. Synergy between will produce something far greater than what we could have conceived. We were just pursuing our own individual path of these technologies. They're going to have a great companionship. I can guarantee you.”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Know it within the next five or six years one after another is going to start reaching maturity, and we're going to reach a state where nuclear power is finally kind of resurged to the point where it was kind of expected that we were going to get to many, many decades ago. The market does what the market does. And yeah, it's been a tough slot to get here, but it seems like demand for power is finally substantial or not, that humanity is calling for nuclear. Feel that role”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Well, I don't know. There's a few good podcasts. If anybody wants to go down to nuclear rabbit hole, like Chris Keeper hosts one called the Decoupled Podcast. He always has our great industry experts, great conversations, a great four-part series that explain the entire process of Vogel from start to finish and all of the trials and tribulations that they went through to get that over and over struggles that they went through. Another one that I like is Titans of Nuclear and then nuclear barbarians. Those are great for pure nuclear content. Another one that I like to suggest people check out, if you want to see the current state of small modular reactors, there's the Houston Nuclear Energy Association, the NEA, called the SMR dashboard. And it just covers the current technological readiness of 42 of these SMRs. They're on various different criteria. It's coming along slowly and gradually. And before we”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Still a significant range get to 12, 13, 1300 degrees Celsius, that there's still a long ways away from, but it can displace hydrocarbons from a lot of these industries. And as far as I'm concerned, it's not going to displace them entirely. It's just out of power and heat generation. So we're going to have more hydrocarbons available for transportation fuels, for every machinery fuels, for building more complex hydrocarbons and using them as feedstock for doing all kinds of other products that have hydrocarbons at the base of them store. And then because they're not being as used as much in our generation, they'll be more widely available and she'd run those markets or the generating paradox just as they become more lively available more and cheaper. We're not going to use less of them. We're going to end up using more of them. We're going to end up using them more efficiently. That's what we always end up doing.”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Pace, yeah, it's definitely gained a lot of momentum. Canada's SMR action plan was put into action 2017, 2018, where they started aggressively pursuing three different tracks for the larger SMR, the smaller SMRs, and then others that use coolant and fuel types that don't allow them to achieve much higher temperatures than just a standard boiled water reactor, because that's limited to just where you can boil water at. Whereas with molten salt, there are high temperature gases or light pools, like they can start approaching as high as 7, 800 degrees Celsius, which gives them a lot more industries that they can apply to.”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Conventional reactor only used like 5 to 8 percent of the anomaly power it is in the uranium. And there's ways to further extract more in different types of reactors. It's going to be like one megawatt. They'll be able to shoot rapidly on the back of the truck to very remote locations or emergency uses. It just seems like everything comes.”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Their large tail outsize reactor. So we'll make it a lot easier when the market's already familiar with that. So there's REA, a very large order book for this technology. I know at least half a dozen European countries are looking at getting at least four or eight of them out west, Alberta and Saskatchewan and Canada are looking all departing Saskatchewan to embrace a lot of their old capacity. Albertia wants to deploy them to the oil sands to use them for oil and mining and a lot of displacing. their oil use in those areas. And then just there's that one. And then there's another one in New Brunswick that they want to build companies called Moltext and they're going to be using a molten salt reactor type of coolant, which will be able to recycle the fuel, the spent fuel from other conventional reactors. So we'll be able to get more useful value out of those fuel rods that still have usable power because the fuel rods that go through the”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So that's going to be it for kind project. On that reactor is getting a lot of attention, first of all, because it's going to be a lot easier to get over the regulatory processes and licensing because it's based off of the familiar oil water reactors that are already in water use. It's just a smaller version.”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Want to see as much as possible get to the stage where they can compete commercially. Like, I want to see more large reactors. I want to see more repeats of what was built at Google. I want to see more repeats of what was just built in Finland. I want to see Great Britain continue. I want to see big nuclear across the board. UAE wants to build another four where I live in Ontario. We've got our large site, the burst reactor already has 800 megawatt reactors and they want to add another or to add an extra five gigawatts capacity on their site. So there's lots of enthusiasm for big nuclear and which is very reassuring. But there's also, yeah, small reactors are very interesting to me, mostly because where I work, we're championing a micro reactor, but then also simultaneously in Ontario, the Ontario power generation, our main power utility provider is piloting the GE Hitachi's 300 megawatt.”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“When the commission decide on whether to retire or extend the life of Germany's nuclear power plants was ongoing almost a decade or five or six years ago. So when they were making that decision, expert testimony was collected and then the Green Party actually fraudulently manipulated where Peter Bertesco said in order to support the narrative that they were presenting. And nobody verified this. Nobody confirmed any that they just took their word for it. And then years later, now it's too late to even go back and revisit it and it doesn't even matter, but that it is what it is. But as far as I'm concerned, when these decisions are being made, they've shown that they have to be scrutinized very heavily when their opinion can significantly sway a decision like shutting down higher nations nuclear power vassals.”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“This utopian vision of what's powered all with windmills and solar analysis. Now Germany is pursuing a lot more coal plants, which is the opposite of what the stated intent exactly. Or pursuing the line they were working on. It's crazy. And to top it off, what happened in Germany, what a lot of people didn't borrow this space as a”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“If you had incentives, they're going to attract the most talented individuals to go wherever they will find the money. So that's been the tough thing because nuclear powered, it's not flaffy and amazing. Like when it's operating, it's actually really kind of boring. The only reason that people ever hear about nuclear powers when something goes wrong. It keeps the lights on in a lot of places in eastern United States and Ontario and parts of Europe. In recent years, it's become very apparent that this is a very important technology to take serious and take good care of and custody and stewardship of when you have a sustaining operating reactors as seen by Germany shutting down their very state of the art nuclear fleet. It's very sad to see because many of our reactors have been decommissioned to a point where even if they wanted to, they couldn't bring them back. It was very sad to see. And then it didn't manifest into what they”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“More than anything we need talented individuals of all kinds, whether not just nuclear engineers and physicists, like thermal, hydraulics, structural engineering, mechanical engineering, every trade that you can think of can be is involved in the building, maintaining nuclear power plants. So we need to have a very aggressive engagement with the next generation owns present this technology as we're pursuing. And there's been positive sentiments. I've been hearing people that are in these courses, their courses numbers have doubled in recent years, which is a good sign, but we still are going to need a lot more where there's thousands going into computer technology and finance. There's a few dozen going into nuclear technology. So it's kind of disproportionate as to how many people are coming our way, but they're attracted by where money is, obviously. So let's.”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Sets are going to go through them. They're earning it through mining. They're going to be earning it. They're collecting revenue in Bitcoin through Sonoda. And it's also just going to be inevitable that Bitcoin's just going to be natural units that they start counting for their treasury. Because sooner or later, the Michael Saylor strategy is going to find its way into a lot more than just a few small companies. And it's going to be interesting when large utilities start seeing the value of having a reserve assets that can't be printed because they can literally create it with the product that they create. Whereas the rest of us can acquire it by purchasing it or trading it for a good and service. So they are in a very unique position as we start transferring more towards this Bitcoinized future we are all looking forward to”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“This bold idea that he wants to create a software suite where utilities can then use that and create a bounty to incentivize consumers who curtail their energy use for energy conservation programs. So he's working on something like that right now. I'm kind of the fanboy pitching it is wherever it makes sense. And because that's just one of these tools. Now you've got Sonoda and now you've got a two-way lightning channel between utility and the customer so they can potentially flow between them that way and it starts forming this web where power plants if they start accumulating Bitcoin, they're going to be central financial homes in their communities because”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Than substations. So the electrons flow. And then now we're also starting to see technologies and services like Sonoda that are allowing SATS to flow from a consumer to power generator in real time as they're consuming electricity. So we could already start seeing that with the other utility. And then a friend of mine working on a project where he's taking that in a reverse direction and using LN Vix as a way to curtail power. He's tested it out with just his idea was if you can turn things on like light bulbs or gumball machines or let's shoot Peter McCarthy on stage. Yeah, because Denmark was doing a panel with them and he was testing out some of the new capabilities he'd been trying with LN bits. But anyways, my friend Juan Carlo, he figured that if you can turn things on with it, you can also turn things operators. So he's been tampering around with being able to send lightning transactions that can then like turn down a thermostat or turn aqualite. So he has”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, so from listening to various casters and OB talk about how prevents works, it just seems like a community bank type of structure where there'll be a few local individuals that are part of that community or essentially key holders or guardians or a larger mint where it would just be a pool of funds that are tied, are peging one-to-one or Bitcoin that the community can use. So one of these things that I've been thinking about is as these industries mature into each other or starting to see Bitcoin mining merging with power and then we're also seeing like financial railroads all layered on top of that because as far as I can tell it's again not a clean analogy but there's a lot of striking similarities between the way that the architecture of the power grid and the architecture of the lightning where it's just nodes and channel if you think about it a generator is a node transmission lines channel”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Or giant gigawatt site in Texas. They've been showing whites in a depth set of unique skills that generators and utilities are definitely going to start paying attention to because they absolutely need to embrace the flexibility that is offered by the Bitcoin miners as there's a lot more intermittency on the grids, a lot more uncertainty with power prices and fluctuations in power markets that we're dealing with because you never know what's going to happen in the near future if from what I understand the strategic petroleum reserve is getting where we grow. So that's going to need to be rebuilt sooner or later. And it just seems like such a short time of thinking just to get”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Energy capital managing risk and managing all of the other uncertainties they come with the turbulence of dealing with power markets and also join the Bitcoin market financial markets all craziness that comes with that and that's going to slowly start to bring together like what I'm working on is hoping to kind of bear fruit within the five 10 year time frame as the small modular reactors start to mature so I'm in a relationship building mode where I'm building a network of Bitcoin miners and getting to know as many of them as I can so that when I start having these conversations with or nuclear industry I can introduce them to the right people that I am seeing doing exactly what we need providing services providing flexibility as a service and curtailment on these grids and being a good anchor load no matter where they find themselves whether it's in the middle of a jungle in Malawi or behind the meter in Pennsylvania”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“The assurances that they're not going to have to deal with the volatility that comes with Bitcoin mining, like products like the hash price forwards that Luxource has, that's going to be a huge value to getting them a little more comfortable with these markets because product that they're familiar with from other markets and our trading is they're familiar with hedging and all of these other strategies to reduce their volatility and uncertainty in these turbulence times they find themselves in. Yeah, I think as this next cycle is going to play itself out, we're going to see a lot more maturity from the Bitcoin mining market, especially like seeing how many of these companies like Republic miners, they seem to have managed that last bear market incredibly well compared to how I heard that many Bitcoin miners went through the previous fair market. So it's going to give the utilities and generators a lot more confidence seeing how well they are at.”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“A lot of them don't understand the problem because it is a very complex system. Like, if you don't understand electricity and you don't, the first time you really start thinking about the electrical grid is when you start having stress in the grid and blackouts, then most people don't start asking questions until it gets to that. When it comes to attracting Bitcoin learners to perform this role, it's still maturing technology. I've only been paying attention to the space since early 2021 and it's matured significantly even since then. And hearing about is coming on the horizon, the type of basics that are going to be able to power that power scale dynamically and sync with any grid signal, they'll be able to just drop containers, a power generating plant and just walk away and not even think about it. It's going to be so much easier and accommodating for PowerPoints when they are able to be a lot more like hands off and then incorporating other ways that will make them feel a little bit more comfortable and kind of give”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Or achieving power because it doesn't require quite the same capital or investment. So that's why there's a lot of hope that as the countries that are already experienced with nuclear power develop this new technology, that it will be able to proliferate a lot easier and more safely to international markets because of the way that it is designed. So it'll be a lot more comfortable for the international regulators on this next generation of public devices.”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“This power, what little power infrastructure they can have? Well, the main grids are just total basket case. So reliability should always be at the top of Barry Lawrence list when they're considering these things and getting into Bitcoin is going to make sure that they are able to have a reliable way to develop their infrastructure without having that just that uncertainty that it's not going to be viable because when you can't turn your power plug power plants can't make a profit it won't operate it's really as simple as that you can't pay for resources you're not going to have so it's very important we find best strategy that we have available to us to make sure that we can get wherever we want it because there's a lot of places that don't have anything now and that's why they're really working at nuclear power as an option because this next generation of smaller reactors it lowers the bar”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Once very high to civilizations that are now struggling to keep relates on at sometimes during the day, it starts voluntarily and then it becomes involuntary and then it's scheduled to be only two hours and it becomes six hours. It starts becoming very difficult to plan an economy on those things, especially when you have a lot of infrastructure that was built with the assumption that you're always going to have readily available power. You start having to consider how we're going to keep freezers on long term and other refrigeration and actually just run a business in general. It becomes incredibly challenging. And then you definitely in those circumstances, whoever's investing in generators has learned to do very well for themselves. And that causes other problems because then they throw mafias themselves because everybody comes to end upon these people that have divorced hates to actually build.”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“What we are claiming this is catalyst, unlike any single ever scene that's going to push our energy generation to limits. I've never had a customer power. We can just accompany anywhere with anything. Like not everywhere is blessed with Hydra. So nuclear power is pretty much the next best thing if you're trying to reduce your coal and natural gas. And I'm not a detractor against coal and gas because they're a great reliable first of power and it's better than what comes before burning wood and burning biomass. Reliability is at the top. Yeah. If you want to put green, if you want to prioritize green, number two, three, like above affordable, sure, whatever. But reliability always has to be number one, especially seeing what's happening in countries where reliability is starting to wane. And we're seeing instances where”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Know maybe it is just a bubble that's going to taper off and normalize, or maybe it just keeps growing, but it's incredibly invaluable tool in so many different ways. Like I only tinker with it a little bit like the image generation in the chatbot, a little bit of a recoding stuff. Some of the stuff that I heard about being applied with going to change how we interact. Yeah, some immense ways. And then you mentioned Bitcoin into that financial rails and then sophomore war book behind me. I've read Jason Mowory's thesis that inevitably what his nature states start to crew into this game, they're going to want to money all the Bitcoin within their jurisdiction. We heard that from an orange man just the other day. I love the guy's enthusiasm and not quite how it worked, but we'll see about that. Is this going to be an incredibly aggressive competition as more and more players start to actually understand gravity at this game?”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Well, I definitely plays into the games very control fate. You're going to have to have your own affairs in order and yeah, making sure you've got your power game in line, that's going to be important, especially if you want to be participating in this high-tech future. AI is putting on astounding demands for power. I don't think anybody were ready for what we're seeing.”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Guarantee power wherever they're going to get from these large data centers. But then, on the other hand, yeah, the second order, obviously, it has reverberating effects on the grid that aren't immediately apparent where we're just trying to look out for your own selfish interest as what power generator. It's a very complex system that is, you'll see like one major component shift and then other gears start shifting. It's interesting to learn about because I'm still the new in this stuff where it's very reflexible.”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Any other first. They can see that there is going to be a massive rut on their power plants for their power. But one of the problems that now seems to be arising is if you start pulling gigawatts off of the grid, they're no longer contributing to delivery cost, which those fees contribute to the ongoing maintenance and operation of the transmission infrastructure. If you're pulling power behind the meter, they're not allowed to contributing to those funds, which means that in order to fulfill the mandates for the revenue that's needed to maintain the transmission infrastructure, it's spread across a smaller amount of customers, which means that they're there to be paying more. So there's utilities are starting to be concerned about this massive rush of power coming for their large generators. But then getting a raw deal lately because of the market dynamics that they've been dealing with. They are welcoming this.”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And then the Bitcoin miners are the perfect placeholder. And then as more sophisticated energy buyers enter the market, the Bitcoin miners will inevitably bid out because their bottom feeders to just take whatever scraps are left and available for them. And they'll go find somewhere else to build a new energy oasis that eventually some other buyer will come in and bid them out and they'll repeat this process. And basically what I just described as brand equipment's high-inter species thesis. We can already kind of start seeing it play out in a way with what happened at the Susquehanna park where terrible had started that project where they built 50 megawatts of Bitcoin mining behind the meter at a net power plant at Pennsylvania and then concurrently with the owner of that utility they started building nearly a gigawatt data center canvas that was recently acquired by Amazon Web Streams so they had an interesting foresight to know that there was there's demand coming for this power but now whole nuclear industries”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Available to just have it fill in that extra margin of space between your average consumption and your peak consumption within your till its load. But where Bitcoin mining beats them all is that it's dematerialized. It doesn't have any physical constraints on it. You don't need to store any feedstock. You don't need to store and transport any idle product. You would have a Bitcoin mine in northern Canada that you get your proceeds sent directly to a brains wallet to your lightning wallet and you can spend it at the bar in El Salvador within a few minutes. That is remarkably revolutionary in how we can arbitrage the value of power that's been stranded in the middle of nowhere. But because now we can start to conceive of much bolder strategies than building just enough power to sustain where we're going to need in the near term, we can start thinking about projections of what sort of man we expect in the future and when we can build that.”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I daughter, oh, Bitcoin mining after I got right about it. And then she's reading about Elon Musk and I did not think that if his complaints is hydrocarbons fueling Bitcoin mining, then we should use nuclear power. He had no idea how profound of an idea that is. Now it's completely captured by attention and put me into this space where I'm now the nuclear coiner guy finding myself talking with guys like restitution safety. It's been a pretty wild ride. And yeah, it just found out of this idea of we're going to be building these smaller reactors where we have the technology to amplify them in a way that was inconceivable before Bitcoin mining exists. There is no load like this. There's a lot of exploration into companion loads by doing hydrogen electrolysis, doing desalination, doing synthetic fuel production, boosting ammonia. There's all kinds of different things you can do with the”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Our capacity, and you do not have sufficient demand to consume all of that, you're going to have a lot of trouble convincing investors that this is worthwhile project to invest in. So one study that my actually did, they have a scenario where they compared just the baseline, just diesel generation with diesel wind and diesel. I'll just nuclear and then a mix of diesel and wind and nuclear and batteries. They tried a bunch of different scenarios with that. But the one point that they made when joining the nuclear scenario was that because they have to build enough to support peak demand, even though overall that peak demand is only reached for a short period of time during the year, they're going to leave a significant amount of that capacity underused, which significantly compromised the economics case for building these in the first place. My proposal that actually the idea came from my wife, just a random conversation.”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Katie, and you allow him to set. So, disclaimer that these opinions are my own, that my employer doesn't have an opinion on Bitcoin mining at least yet. I'm working on that. We're going to be hosting the First Hook Kind pilot project of a five megawatts electrical reactor termed micro modular reactors. So it's the smallest category of the small modular reactors that they want to apply to different categories. The larger ones, their course is 300 megawatt range. They want to use those to displace mostly coal generation and oil generation on grid in various industries that they can be applied to. And then the smaller ones where we can start thinking about deploying nuclear power to off-grid scenarios.”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, they're definitely large capital intensive projects. And a lot of that gets front loaded, even like RD fishing costs have to be incorporated into the initial planning of these projects. There's a lot of front-end engineering, a lot of licensing, like preparation. There is a significantly more that goes into that than just sitting a natural gas plant. There definitely needs to be a vision for how they're going to get a return on this best. If there isn't, they're not even going to consider the project in the first place. When that vogel was first proposed, apparently there was like 26 reactors being proposed at the time. Only those two ever got off the pinch line. And then with the other two that they started got stopped in South Carolina. But they definitely need to have certainty that they're going to have that demand. So my interest is being in the small market to react, because that's where I started to really take an interest in where Bitcoin mining could apply to this because companies that I work for”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“No longer on her hands. They basically just pump their bags and then they find a new bag holder or they find a new weight on their bags again. It bears an interesting resemblance to what I've learned a lot about the shake of my markets and shit coming from a ring, but it's just it seems because it's in the real world, it's a little bit more slower acting. And I hope that it doesn't collapse anything so too severe, but I do think that there are expectations are in for a significant rug pull at the exponential rate that they haven't been growing.”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Sessions actually recommended single and I did why are we bullish way long ago? But it was an interesting idea when I was reading through how he was describing it. It kind of described, doesn't map on perfectly, but it did have interesting similarities to how they would, the way that they harvest the subsidies in some of these wind farms is what they'll do is once the subsidies expire, because they only last for 10 years and the expectation is the life of the windmill is about 20, 25 years. But if there's no tax prostain them and they start getting exposed to real market prices, then they're not as competitive on the markets and then often they will just not operate anymore. So there's been instances where they will completely bulldoze and rebuild just so they can restart subsidy up again. And then I heard I've also read other stories where that is when the transfer ownership to a local owner who is now responsible for the end of life and the maintenance and decommissioning of these things. So it's”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Are you familiar with the strong talents where he explains that the urban sprawl, how it kind of goes in layers, and they build new layers onto these cities in order to finance maintenance of the existing parts of the city? And then after like three generations, it essentially collapses on itself because it's just layers of debt that keep having to be rebinanced to finance growth in order to finance the maintenance of what already exists and then you're just falling on each other. And basically he described best what happened to Detroit. Is this an article or a book? It's called Stroll, but it was.”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Haven't really caught up to this reality yet. It just feels like they're in for a rude awakening as these start to taper off.”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Over wind and solar in these grids, but the way that they're being pushed at such an aggressive rate, it does give the vibe that something's being set up for a very big rub pulp. The chart is just exponential rate. You're being installed. That's not sustainable, especially if they hold our interest rates higher because most of that growth came in that environment when they were exposed to surface. So like it was a huge impact on how quickly these were pushed on grids. And now that they are exposed to more realistic interest rates, a lot of these projects are not being able to prove that they can be economically viable without higher guarantees from utilities that they are trying to develop contracts with. So it's interesting to see that this new reality seems like Bitcoiners are always ahead of the curve on when it comes to these financial aspects. The proponents of the wind and solar, they”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Electrons to create an order to collect some of these subsidies. So that's where a lot of people that really push aggressively for more investment and more subsidies for wind and solar to get them more gradient, build them fast and achieve. And it works good because it's for electricity. They don't really take into account the second and third order effects. They're having more wider impacts on the grid because you also have to consider that they start taking up a lot more land and they start taking up like lower quality land and you have to litter like more transmission infrastructure to actually get to them so then they start causing jams interconnection queues and then also when they're all pushing electrons on the same time the grid can only take a bunch of that so then it causes congestion and then some of these generators curtail and then it causes many many distortions in these grids when they are put on at a far greater rate than what the market would naturally allow for. I'm not saying in any way that there's no”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Markets, whereas they're not exposed to this URI power generator to those negative prices at the same time because everybody basically collects the same price when the demand is low if you're pushing electrons out of the grids, you're going to get whatever the real-time price is unless you are out with large PPAs and other day ahead agreements and whatnot, all kinds of different contract arrangements that can be made on these grids. It makes it difficult for your baseload generators to then project their revenue margins because they're not being exposed to accurate price signals on these markets that would exist if they were actually in a free market that are only competing and just selling electricity. They're not playing all these other arbitrage games and subsidy harvesting where they can actually like that is their revenue model risk to collect those subsidies instead of playing in the market and they actively have such a perverse incentives because the stipulations, they have to be pushed.”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Whoa, wait, or I see it, and how did others are definitely smarter than he explained it to me and ringing Meredith Anguim's book is very good on this topic called shorting the grid. She goes into great detail that what happens when you have competing sources of generation on a grid, if you say baseload generator, your coal plant, you have nuclear power plants, and then you have other sources of generation that's now coming online at an accelerated case for windmills and so on. And a lot of them collect revenue outside of just selling power into the market. So they have renewable energy credits, production tax credits, all kinds of different revenue streams that are outside of that market. So when they bid into market or what they can earn, what they need to be profitable, depresses the prices in that market for the other generators throughout the market. So they can bid and still be profitable at less than zero negative prices on the”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Operations that need to be done if that's what the case is. They're definitely taking this next generation of reactors to a point where we won't have to have the same really aggressive safety standards that we've applied to the previous generation reactors because I don't think we're going to need to apply the aircraft coercion standards to modern reactors that they had applied to the previous generation. So there's a lot of argument that some of these regulations that were felt appropriate for them to complete are definitely need to be revised in modern rights and updated for the new technology that's available and will be coming into the market and maturing and going through their licensed regulatory processes to get to that first kind of a race right now because first movers will have a huge advantage in these markets.”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“The newest reactors are going to be designed to be passively safe so that they would bail into a safe state, unlike what happened at Chima, where they lost cooling and then they weren't able to shut the reactor down safely. The Generation four are all going to be basically part of their design basis and their regulatory requirement is that they're going to be able to shut down themselves. They lost power, they lost cool, lost for any other reason. They would be able to, the physics of the reaction would start to cool itself because they're using fuels that as they heat themselves up, it starts to reduce the aggressiveness of the reaction. And so it actually starts to bring it salt. They're just starting to use a lot more technologies and then cool it. So it'll be easier to pull away from the reactor core so that it can actually let itself into a positive state and then they can just be left in that state indefinitely and settled in to be restarted, then we can get higher for whatever maintenance.”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“They want to be overcome and retrofitted to prevent it from happening again in the future. But we learn from these mistakes, just like any other industry. Aircraft, we don't stop flying airplanes just because there's a few aircraft that go down. We learn from it. We put those new lessons into practice. And when we iterate on what we learned and we move forward and we make it better and safer. Nuclear power, especially in this industry, like they stress safety so much that sometimes it does impede actively making progress on getting work done. So it is a catch 22. Like we want to be safe and want to prove that we're safe and sometimes going out of the way to be safe. It does have costs and the ability to move forward efficiently and effectively. So it's just such an awesome technology once it's operating and portable.”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“30 people that died in. So there's industrial accidents happen in all industries and actually working in the nuclear industry. The injuries and anything related to safety issues is more comes from working with electricity, working with hot steam, working with large moving parts. Those are where most of the industrial accidents and nuclear just like in any other industry that is dealing with these large industrial processes. So there's that. And then like radiation itself is a quarterly understand that once you learn how to handle and protect yourself from it, it is actually just a reasonably manageable industrial hazards that we can overcome and manage. And it does get into the environment. We do have the capabilities of cleaning it and we're mediating it. We've proven it a number of times. It does cost money when accidents like that do happen and it doesn't clean up and it does potentially affect the ability of certain reactors if there are instances.”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“You can always try to break it right down for numbers, but that's always kind of cold, unemotional. But when you break it down per kilowatt, like nuclear power is by far the safest form of energy generation that we have. Despite the sensational events that have happened, we would be hard pressed to put about 100 casualties involved in directly in those accidents. So it's relative to other industries. It's not as dangerous as the immediate narrative would lead us to believe. There's many other different ways to have industrial accidents. There was that fertilizer explosion that happened when the Beirut Court a few years ago was actually a battery.”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Renewan capital, the value chain capital, and just all of the resources needed to push some new advanced reactors over the commercial development line and get this next phase of their power moving off to the races.”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And then we can get into what are the compost economics of how subsidies affect it and just the general feed incentives and the fact that the 70s was the signal period in time. Bitcoiners are very familiar with. So when you start seeing trends like instruction permits for nuclear reactors just ceasing entirely in the 70s, Bitcoiners will obviously home to WTF in 1971. So I'm still learning a lot of this for myself and how to articulate it as best I can. But yeah, in general, nuclear powers have ups and downs and had a good bull market in the 60s, bear markets here, 70s, a little bit of a bull during the 80s and 90s and then we've kind of tapered off for the last 20 years or so. But now it looks like we are going to need so much power to fuel this high-tech society that we're building. We really aren't left with a choice and especially if there's significant man switching hydrocarbons from power and heat generation, nuclear power is really the only technology that can fill that role. So there is a reinvigorated effort to”
2024-07-17 · We Study Billionaires · BTC191 - Nuclear Power and Bitcoin w/ Ryan MacLeod (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT