Global Hash Rate Musings. Been down a rabbit hole recently about bitcoin mining.
After the hash rate consolidation in the USA post the china ban a few years back global hash rate is now growing outside USA again.
Of interest to me is sovereign mining. Think the UAE, Russia with other countries showing interest. Why??? Seems it’s just another way to minimize their risk of the USA using the dollar as a weapon against them. By using their own hash rate not only do they stack bitcoin but more importantly they can use that hash rate to process their own transactions. True sovereignty.
As other sovereigns watch from afar at this unfold I assume it will gather momentum.
Add to this the worlds decreasing appetite for USA debt a paradigm shift is happening right before our eyes. The ice cream is in the oven people.
Bullish as fuck on the future and #bitcoin
Gleaned most of the above after listening to Marathon CEO
nostr:npub15u3cqhx6vuj3rywg0ph5mfv009lxja6cyvqn2jagaydukq6zmjwqex05rq nostr:npub1ppjkfvk0ek3g584gp7qp9d3znwdznadchet7q2aez9r27620n9zs45xvx2 nostr:npub1xswmtflr4yclfyy4mq4y4nynnnu2vu5nk8jp0875khq9gnz0cthsc0p4xw nostr:npub1yx6pjypd4r7qh2gysjhvjd9l2km6hnm4amdnjyjw3467fy05rf0qfp7kza nostr:npub12r0yjt8723ey2r035qtklhmdj90f0j6an7xnan8005jl7z5gw80qat9qrx
#plebchain