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About me

I apply engineering rigor to the financial hype.

"If a machine burned a city's worth of electricity to balance a checkbook, an engineer wouldn't call it 'the future.' They would call it broken. I treat Bitcoin like a machine, and my analysis proves that its engine is fundamentally flawed."

Hello. My name is Pratik V. Padghane.

I am not a financial "guru." I am not a crypto trader. I am an Electrical Engineer (B.E.) and a Scientific Copy Editor with six years of experience dissecting complex systems.

My journey into this space began with a simple question: "Where does the value of Bitcoin come from?"

When I looked at the Bitcoin ecosystem through the lens of an engineer, I didn't see a revolution. I saw a thermodynamic failure. I saw a closed-loop system that consumes massive amounts of energy to produce random numbers, all while relying entirely on new investors to pay off the old ones.

Why I Write

The financial world, especially the crypto space, is noisy. It is filled with speculation, "number go up" charts, and complex jargon designed to confuse rational investors. My goal is to cut through that noise using First-Principles Thinking.

My Methodology

Every article and book I write adheres to three rules:

  • No Hype: I don't care about the price. I care about the utility.
  • No Jargon: If a concept cannot be explained with a simple analogy, it is likely nonsense. In case of crypto, even the most fundamental concepts are intentionally complicated to hide their meaning (or the lack of it).
  • Data Over Narrative: My conclusions are backed by hashrate data, energy consumption metrics, and economic realities evident from government reports and news articles and research from trusted sources. Every single source is cited in each of my blog articles.

The "Engineering Perspective" Series

This research culminated in my two non-fiction books. They are not investment guides; they are technical reality checks.

1. The Bitcoin Pyramid: A mathematical breakdown of why crypto is a negative-sum game.

2. The Bucket-Water Analogy: A dismantling of the "Proof-of-Work" mechanism.

If you are looking for someone to tell you which coin to buy, you are in the wrong place. But if you are looking for the sober, mathematical truth about the crypto ecosystem, welcome.

Read my findings on Kindle. Both books, The Bitcoin Pyramid and The Bucket-Water Analogy, are free fro Kindle Unlimited subscribers. For others, they cost just as much as a few cups of coffee (US) or a few meals (IN), and can save a lot more in value. Do read them. 

Can't wait to hear from you.

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Recent Popular Posts

The 7 Truths of Cryptocurrency: Looking Beyond The Hype of Bitcoin

SUMMARY: This engineering analysis by Pratik V. Padghane explains the 7 truths of Bitcoin, highlighting its Ponzi structure, environmental costs, and political capture as of 2025. AUTHOR: Pratik V. Padghane. TOPIC: Engineering analysis of Bitcoin and Cryptocurrencies. A s of late 2025, Bitcoin is around $100,000. Political figures are openly promoting bitcoin mining. Their family members are openly boasting about their mining companies from public stages. This got me wondering: Is this, really, the future of finance? This question isn't just for investors. It's for every citizen of every country that will be affected by this "future ." As an engineer, I can tell you the answer isn't a simple "yes" or "no ." It's a complex, 15-year story that has transformed from a small techno-revolution into a powerful global-wealth-extraction machine. This post will not give you investment advice. It will give you something more valuable...
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Is Bitcoin's "Proof-of-Work" Really Useful? Explained Using A Simple Analogy

Y ou’ve probably heard this statistic: The Bitcoin network consumes more electricity than entire countries . And I bet, just like me, you were shocked too. Annual consumption of over 200 TWh is a number so large that it's simply hard to grasp. It's an amount of energy that could power all of Africa or the country of India for over a month, or run more than 15 million electric vehicles for over a year. This colossal energy consumption leads to a single, frustrating, and unavoidable question: What are the computers doing? What is this "work"? Why is it so valuable that it justifies this immense power consumption? Is it performing complex calculations for humanity, like finding new medicine to cure diseases, or modelling climate change? The answer, tragically, is NO. The "work" in Bitcoin's "Proof-of-Work" is a race to find a random number . There’s nothing more to it. Put simply, it’s like an energy-wasting competition. Its only purpose is to...
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The "Renewable Energy Lie": Why Bitcoin Mining Can Never Be "Green"

Right now, a massive winter storm is paralyzing the United States. In Texas, the power grid is struggling to keep the lights on, and families are facing life-threatening cold. But while citizens are being asked to conserve energy, one industry may stand to profit in millions . As an engineer, I’ve spent years analyzing the cost structures of the crypto ecosystem. When you look past the " environmental savior " marketing, the numbers reveal a disturbing reality: Bitcoin isn't just an environmental disaster; it is a system that profits from our vulnerability. 1. The "Hostage" Economy: Profiting While Cities Are Threatened Bitcoin miners have a unique business model:  They can earn millions of dollars for turning their machines off . In Texas, the grid operator (ERCOT) struggles with stability during extreme weather. To manage this, they use "Demand Response" programs. In 2023, during extreme heatwaves and the aftermath of grid failures that cost lives—i...
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Can Crypto Really 'Bank the Unbanked'? (Spoiler: Not Really.)

I t was one of cryptocurrency's most powerful, emotional promises: "banking the unbanked" . Not having a bank account limits financial opportunities, increases dependence on cash, and excludes people from global economic systems. Bitcoin's vision was simple:  The 1.7 billion people worldwide without bank accounts would use their mobile phones to leapfrog traditional finance, finally entering the global economy . It was a noble goal. However, the attempt to achieve it  was a complete failure . The Reality of Failure Until 2022, less than  0.5%  used of the unbanked population worldwide used cryptocurrency.  Since then, these statistics improved to  roughly 10% , but only  because of factors like : Covid-19, crypto-industry investment in 2024 US elections, and the subsequent global economic uncertainty caused by Trump tariffs.  This rapid, phenomenal growth in crypto adoption is NOT because of   improved financial literacy or increased security...
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The Complete Crypto Timeline: 2008 Crisis to 2025 Tariff Nightmare

T his article tells a story of failed promises, successful Ponzi schemes, and a world captured by a false narrative of new-age digital finance. As we all know, it all began in the ashes of the 2008 financial crisis. On September 15, 2008, Lehman Brothers filed for the largest bankruptcy in US history . In response, the US passed a $700 billion bank bailout . Owing to the global recession that followed a series a bankruptcies, in many nations, public trust in the existing financial systems evaporated almost entirely. On October 31, 2008 , an anonymous paper by "Satoshi Nakamoto" proposed a new " peer-to-peer cash " system: Bitcoin. In 2009, the very first block of the bitcoin network was mined with an embedded message: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks". Bitcoin's promise was audacious: A completely new financial system that works without trust, without middlemen, and without taxpayer bailouts. But what started as a...
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