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I have never been more bullish on #bitcoin 
https://abs.twimg.com/hashflags... draggable="false" alt=""> than I am right now.
The ways in which bitcoin mining allows any individual or nation to bring energy to market, w/o the need for permission, is an earth-shattering fact that changes so many different economic business models.
thread:
The ways in which bitcoin mining allows any individual or nation to bring energy to market, w/o the need for permission, is an earth-shattering fact that changes so many different economic business models.
thread:
First:
Take a look at ANY nation that is rich in hydrocarbon resources (Iran, Venezuela, Russia, U.S, Canada, Saudi Arabia, etc).
By mining #bitcoinhttps://abs.twimg.com/hashflags... draggable="false" alt="">, these countries can bring their resources to a global energy consumption market WITHOUT permission from OPEC, Allies, Enemies, etc
Take a look at ANY nation that is rich in hydrocarbon resources (Iran, Venezuela, Russia, U.S, Canada, Saudi Arabia, etc).
By mining #bitcoin
This makes #bitcoin https://abs.twimg.com/hashflags... draggable="false" alt=""> INCREDIBLY valuable to these nation states. So much so that it makes sense for them to back their currency with bitcoin (or use it as the national currency altogether).
Second:
The power generation industry is experiencing a fundamental shift...
Second:
The power generation industry is experiencing a fundamental shift...
...due to bitcoin mining.
Consider for a moment what it entails to invest in a power generation facility - what kind of ROI is expected? What is that ROI dependent upon? Demand?
See, power generation companies look to calculate how long until electricity costs earn them a return
Consider for a moment what it entails to invest in a power generation facility - what kind of ROI is expected? What is that ROI dependent upon? Demand?
See, power generation companies look to calculate how long until electricity costs earn them a return
They have to account for peak & trough demand in electricity - and project that out over years (decades, even).
NOT ANYMORE.
#bitcoinhttps://abs.twimg.com/hashflags... draggable="false" alt=""> mining enables power generation companies to capitalize on their electrical generation during times of low demand by finding the next block.
NOT ANYMORE.
#bitcoin
So, each and every single ROI calculation is positively impacted by the prospect of bringing that electricity to market by mining #bitcoin https://abs.twimg.com/hashflags... draggable="false" alt=""> -- during times when the geographically local market is experiencing demand shortage.
THIS. IS. ABSOLUTELY. HUGE.
THIS. IS. ABSOLUTELY. HUGE.
I& #39;m selling everything -- I& #39;m so irresponsibly long that it wouldn& #39;t surprise me if my family tried to do some kind of a #bitcoin https://abs.twimg.com/hashflags... draggable="false" alt=""> intervention on me.
For the first time there& #39;s an omnipresent 24/7/365 energy-consumption market without gatekeepers.
For the first time there& #39;s an omnipresent 24/7/365 energy-consumption market without gatekeepers.
These facts stand on their own -- with or w/o Saylor & MicroStrategy.
IMO -- #bitcoinhttps://abs.twimg.com/hashflags... draggable="false" alt=""> doesn& #39;t need to be a corporate treasury asset to succeed.
However, many power gen companies need bitcoin to survive.
But it& #39;s also becoming a corporate treasury asset...so lol.
Bullish. A.F
IMO -- #bitcoin
However, many power gen companies need bitcoin to survive.
But it& #39;s also becoming a corporate treasury asset...so lol.
Bullish. A.F
Gonna attach some tweets & info below that I think are related to & support these thoughts.
It& #39;s Friday!!https://abs.twimg.com/emoji/v2/... draggable="false" alt="🍻" title="Anstoßende Bierkrüge" aria-label="Emoji: Anstoßende Bierkrüge"> https://twitter.com/denverbitcoin/status/1322111459086733312?s=20">https://twitter.com/denverbit...
It& #39;s Friday!!
https://news.bitcoin.com/venezuela-passes-law-legalizing-crypto-mining-forces-miners-to-join-national-mining-pool/#:~:text=0-,Venezuela%20Passes%20Law%20Legalizing%20Crypto%20Mining%2C%20Forces%20Miners%20to%20Join,and%20Related%20Activities%20(Sunacrip).">https://news.bitcoin.com/venezuela...
https://www.coindesk.com/a-new-york-power-plant-is-mining-50k-worth-of-bitcoin-a-day">https://www.coindesk.com/a-new-yor...
They can also just sell the hashrate to the open market during times of positive price/difficulty arbitrage in #bitcoin https://abs.twimg.com/hashflags... draggable="false" alt=""> mining market. https://www.coindesk.com/new-york-power-plant-greenidge-has-sold-up-to-30-of-its-bitcoin-mining-hash-rate">https://www.coindesk.com/new-york-...
Iran making sure that nobody is using the power they generate to compete with their hashrate.
- Shut down local mining operations
- Nationalize the mining industry (nationalize the mining pool) to maximize capture of energy export to #bitcoinhttps://abs.twimg.com/hashflags... draggable="false" alt=""> network. https://www.crowdfundinsider.com/2020/08/165623-iran-power-generation-company-shutters-1100-crypto-mining-operations/">https://www.crowdfundinsider.com/2020/08/1...
- Shut down local mining operations
- Nationalize the mining industry (nationalize the mining pool) to maximize capture of energy export to #bitcoin
I& #39;ll give @nic__carter a plug on his article from May.
Nic& #39;s analysis is thorough.
#bitcoinhttps://abs.twimg.com/hashflags... draggable="false" alt="">& #39;s ability to capture waste-energy (when energy is a biproduct of another process or exists in extreme surplus of demand unable to be utilized). https://www.coindesk.com/the-last-word-on-bitcoins-energy-consumption">https://www.coindesk.com/the-last-...
Nic& #39;s analysis is thorough.
#bitcoin
The most serious players in the energy industry are spending millions of dollars in order to build infrastructure for obtaining this thing called #bitcoin https://abs.twimg.com/hashflags... draggable="false" alt="">.
If you don& #39;t own any of it, then you& #39;re likely missing a humungous opportunity to front-run those who are soon to conquer.
If you don& #39;t own any of it, then you& #39;re likely missing a humungous opportunity to front-run those who are soon to conquer.
Only way to read it. https://twitter.com/nic__carter/status/1321855606194659328">https://twitter.com/nic__cart...
