Last September, Jensen Huang, the five-trillion-yuan NVIDIA boss, shared his understanding of Bitcoin at a public event.



His perspective was quite interesting—as an engineer, he sees Bitcoin as an "energy bank": surplus electricity around the world, such as hydropower or wind power in remote areas that can't be used immediately, is directly converted into a string of digital codes through the mining process.

And this string of code can be stored permanently and retrieved for transactions whenever needed.

In other words, Bitcoin is essentially doing one thing—it uses computing power to "freeze" energy that would otherwise be wasted into a form of asset that can circulate globally. This way of thinking is definitely very engineer-like.
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LiquidationWatchervip
· 12-08 08:19
Huang's logic is really impressive... I honestly never thought about it from the energy bank angle. --- Freezing energy into assets sounds very high-tech, but you really can't say for sure about the whole electricity-wasting thing. --- Engineers really do think differently, turning wasted electricity directly into money—this business is incredible. --- Wait a minute, isn't this just finding an excuse for high energy consumption in mining... --- The concept of an energy bank is solid, it all depends on how electricity prices play out in different places. --- When Jensen Huang says this, it sounds like he's trying to legitimize mining. Smart guy. --- Turning idle electricity into global assets is actually pretty impressive.
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SolidityNewbievip
· 12-08 08:16
That’s an interesting perspective from Jensen Huang. The analogy of an energy bank is truly brilliant.
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TopBuyerBottomSellervip
· 12-08 08:12
I really never thought about it from Jensen Huang's perspective. The analogy of an energy bank is truly brilliant. --- But wait, wind and hydropower can already be sold to the power grid, so why do you have to mine to make use of it? --- Freezing energy into assets sounds nice, but the electricity consumption issue has always been criticized. --- Engineers really do think differently. With this explanation, Bitcoin doesn't seem so abstract anymore. --- The question is: are there really that many idle power resources in remote areas? This premise itself seems shaky. --- This logic might have made sense a few years ago, but now with the world embracing renewables, there’s really no shortage. --- Speaking of which, Jensen Huang is really aggressive when it comes to crypto. Could this statement also be hyping up mining? --- The term "energy bank" is indeed innovative, but BTC’s price is still driven by speculation. --- Permanent storage? But what if one day both the public and private keys are lost? What’s the point of permanent storage then?
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