“Mining is ruthlessly competitive. Revenue trends to zero every halving. All you need is energy and minimal bandwidth.”
nostr:nprofile1qyv8wumn8ghj7urjv4kkjatd9ec8y6tdv9kzumn9wsq37amnwvaz7tmjv4kxz7fwvf5hgcm0d9hxg6tnw3exjcm59ehhyecqyrfawsfymha4hhrphrcc697rxddmknuvwyvz5d0wyuc55jdyada362dlwfh lays out why Bitcoin mining isn't your friend—it's a market force that consumes stranded energy, builds infrastructure, then moves on when real consumers show up.
Jurisdictions that get out of the way win. Those that don't lose.
https://blossom.primal.net/d8ce3dd7cff98ccb15f3bdf8304d7a2e7767394655a321db9b808d421e4c81e6.mp4
Full episode: