Hash precedes price. First we saw hash rate skyrocket and now #Bitcoin price is starting to catch up. The implied hash adjusted price is over $300,000
Austrian economists will cite production costs as immaterial to price, but #Bitcoin just partially fulfills the expectations of this school of thought.
Crucially, the incentive to mine #Bitcoin is driven primarily by a species-wide need to survive the fiat money apocalypse.
Miners, whether they know it or not, are being directed by the internal aesthetic of Bitcoin that comes directly from God.
God is hacking us, to save us, via #Bitcoin miners.
First he sent his only Son. That didn’t work. Now he’s firing up #Bitcoin miners to usher in the Bitcoin Singularity.
Not coincidentally, the Mideast is awash with violence again.
#Bitcoin fixes this
The Second Coming in NOW
