Clearly a smart fella who knows his history and understands systems.
I suspect that what's left unsaid may be more important than what he says. Because all the things he says seem to be logically correct.
I'm writing up some more detailed thoughts.
Discussion
My thoughts as well. Reading through the comments here, many don’t mention the major point, imo. Turing watts into bits. Which is probably why he calls it bitpower.
Also thinking a major point I took away is the case for protections under the 2nd amendment instead of the 1st may prove to be more effective if you frame it as he has. 🤔
Wrong, he is a fucking idiot, and if you do not know that... well, by the end of this note you will not be so lucky: "And then at some point America will say, ‘We’ve got to enter the 21st century space race of mining Bitcoin,’ and then they’ll try to seek 20% of the hash rate, and then security goes up dramatically, and the price goes to $400,000, $500,000." He thinks price follows hash rate, among other absurdities. 🤡
Are you actually saying that hashrate going up doesn't make Bitcoin a more valuable network?
I'd laugh if he has no Bitcoin.
this seems better, his full perspective https://pca.st/episode/2edaea88-eb57-4d5b-95c6-ebf11a0ee496