Episode #4 – The Relationship Between Energy and Crypto – with Michael Dunworth of

In this episode, I’m chatting with Michael Dunworth, CEO of Wyre, about the connection between crypto, energy and the space-time continuum.

Watch this episode: The Relationship Between Energy and Crypto – with Michael Dunworth of Wyre

Kerman:

Hey everyone. Today we have Michael Dunworth on the podcast, he is the co-founder of Wyre, a payments company that’s done really well in the space and been around since 2013. He’s a crypto OG, a good friend and many other things. I’ll pass over to you, Mike, if you want to add anything more to that.

Michael:

No, that’s basically it. Just been in crypto and building products for seven or eight years now, which feels like dinosaur years. One year in crypto, it’s like the relationship between dog years and human years, seven years to every one year, it feels like that. But I’ve seen a lot of stuff, good and bad. So just passing on all the knowledge that I don’t have. No, I’m kidding.

Kerman:

I think today, the thing that we’ve been really speaking a lot about that’s kind of related to crypto, but kind of not is the space-time continuum. Really, it’s a lot of these thoughts originated from conversations that we’ve had, but mainly from you. So I’d love to learn more like how do you discuss or think about the space-time continuum and why is it not as crazy as people think it is? Because as soon as you hear the phrase space-time continuum, you’re like, “Ah.” Something that crazy people say that they’re trying to time travel. But the more you dig into it, there’s a lot of validity. Assuming you can have an open mind about the possibilities of what may exist beyond what we know right now.

Michael:

I’ll tell you what you should start on, is the link between crypto and energy, because that’s what I think is really interesting is, well, how’s that bridge? Let’s think about that point for a sec. Why would energy and crypto be related? Well, crypto is cryptography, so that’s key generation, derivation and all that stuff. And then you’ve got energy, which is electric circuits and hard energy. So the relationship between those two affecting each other is now we have the very core incentive, which is Bitcoin mining. And that has a direct cryptographic link between the energy signature on the grid, which goes in and zaps a bullet of energy with that SHA-256 hash. It zaps a bullet of energy through the cables, whatever it is, fiber optic, I don’t know. That bullet of energy goes through and then it gets broadcasted across the network. And then all of a sudden something happens, and that basically is them getting Bitcoin’s mined to them, and those show up cryptographically in this digital universe.

And so there’s this direct link between that energy, let’s say energy signature in Earth, which is you mine a Bitcoin, the electric electrical current goes through the cable, like if we could zoom in on the current basically, and watch it go through cable basically. And so that’s what would happen. And then cryptographically something…