Subnostr

I continue to love the arrogance around rejecting bitcoin based on FUD… was recently lectured about the Bitcoin Network using too much energy — then 10 mins later they dropped a casual brag about flying their pets across the country on their jet multiple times in the last year.

That’s okay, bitcoin is for them as well. They can yolo the ETF at peak bull. Grateful to front run willful ignorance with you legends. 💫👾👏

BoomTown 2y ago

The implications of bitcoin’s difficulty adjustment are going to rock their world. Even though I don’t agree with their argument, I’ll concede bitcoin consumes “a lot” of energy.

But where their argument falls apart is that the difficulty adjustment creates an incentive to use wasted, curtailed, and stranded energy. Mining with $50/MW won’t be profitable in the near future. Eventually, $20/MW won’t be profitable.

Modularized mining 1-10 MWs at a time is going to revolutionize energy production and consumption.

All while doing it WITHOUT competing against base-load retail and commercial power applications. Bitcoin mining is purely complimentary.

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Discussion

Amanda 2y ago

0.1% & it uses stranded energy (20% + of all electricity generated is wasted) … so it’s taking something created / wasted already and turning it into a hard money that enables freedom & equality at scale without being forced on anyone. Pretty wild. 🤯