Bitcoin in Europe with Rachel Geyer

 
 

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“If you want to change things you need to make sure the person who’s sitting at the table speaks the same language as the person opposite so that you can open that door so you can walk this idea in; and I strongly believe it’s going to be through Bitcoin mining that Bitcoin is going to become acceptable…in the western world.”
— Rachel Geyer

SHOW DESCRIPTION

Rachel Geyer is Head of Education at Terahash, co-founder of Les Femmes Orange and Vice-Chair of the European Bitcoin Energy Association. In this interview, we delve into Bitcoin's role in addressing energy challenges and fostering sustainable mining practices in Europe. We also discuss the formation of the EBEA, the importance of engaging with policymakers to prevent the banning of PoW and the growth of Bitcoin communities in Europe.

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Rachel Geyer’s story is a testament to the transformative power of Bitcoin. Initially sceptical, her son's enthusiasm for the digital currency in 2017 piqued her interest. Rachel's growing fascination with Bitcoin spurred her to seek opportunities within the industry in her homeland of Germany. Her conviction that individuals should invest their talents domestically, especially in the context of Bitcoin, resonates with the idea that innovation can flourish anywhere.

We discussed the intricacies of Bitcoin within the energy sector. Rachel stressed how individuals within companies could influence decision-makers by showcasing the benefits of Bitcoin mining. She shared Terahash’s approach to showing how Bitcoin mining tackles energy challenges, including working with landfill companies and miners to create long-term, eco-friendly projects; a strategy that could have far-reaching implications for Europe's energy landscape.

Contrary to the perception that Europe lags behind the US in Bitcoin adoption, Rachel provided a compelling argument for Europe's burgeoning Bitcoin scene. She pointed to the growth of meetups and projects in Germany, Austria, and Switzerland, and the development of Bitcoin innovations across the continent. These innovations are crucial for driving adoption and showcasing Europe's unique contributions to the Bitcoin ecosystem.

Rachel also explained how Terahash is building a hash rate market for European investors, and the details behind them helping to establish the European Bitcoin Energy Association to promote the benefits of Bitcoin mining and defend Proof of Work. Collaboration is key, and Rachel emphasised the importance of engaging with policymakers, miners, and energy institutions to develop sustainable solutions.

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PodcastPeter McCormack