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I have never been more bullish on #bitcoin 
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.
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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.
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First:
Take a look at ANY nation that is rich in hydrocarbon resources (Iran, Venezuela, Russia, U.S, Canada, Saudi Arabia, etc).
By mining #bitcoin, 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
, these countries can bring their resources to a global energy consumption market WITHOUT permission from OPEC, Allies, Enemies, etc
This makes #bitcoin 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...
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...
...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.
#bitcoin mining enables power generation companies to capitalize on their electrical generation during times of low demand by finding the next block.
NOT ANYMORE.
#bitcoin
mining enables power generation companies to capitalize on their electrical generation during times of low demand by finding the next block.
So, each and every single ROI calculation is positively impacted by the prospect of bringing that electricity to market by mining #bitcoin -- during times when the geographically local market is experiencing demand shortage.
THIS. IS. ABSOLUTELY. HUGE.
-- during times when the geographically local market is experiencing demand shortage. THIS. IS. ABSOLUTELY. HUGE.
I'm selling everything -- I'm so irresponsibly long that it wouldn't surprise me if my family tried to do some kind of a #bitcoin intervention on me.
For the first time there's an omnipresent 24/7/365 energy-consumption market without gatekeepers.
intervention on me.For the first time there's an omnipresent 24/7/365 energy-consumption market without gatekeepers.
These facts stand on their own -- with or w/o Saylor & MicroStrategy.
IMO -- #bitcoin doesn't need to be a corporate treasury asset to succeed.
However, many power gen companies need bitcoin to survive.
But it's also becoming a corporate treasury asset...so lol.
Bullish. A.F
IMO -- #bitcoin
doesn't need to be a corporate treasury asset to succeed.However, many power gen companies need bitcoin to survive.
But it'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's Friday!!
https://twitter.com/denverbitcoin/status/1322111459086733312?s=20
It's Friday!!
https://twitter.com/denverbitcoin/status/1322111459086733312?s=20
They can also just sell the hashrate to the open market during times of positive price/difficulty arbitrage in #bitcoin mining market. https://www.coindesk.com/new-york-power-plant-greenidge-has-sold-up-to-30-of-its-bitcoin-mining-hash-rate
mining market. https://www.coindesk.com/new-york-power-plant-greenidge-has-sold-up-to-30-of-its-bitcoin-mining-hash-rate
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 #bitcoin network. https://www.crowdfundinsider.com/2020/08/165623-iran-power-generation-company-shutters-1100-crypto-mining-operations/
- Shut down local mining operations
- Nationalize the mining industry (nationalize the mining pool) to maximize capture of energy export to #bitcoin
network. https://www.crowdfundinsider.com/2020/08/165623-iran-power-generation-company-shutters-1100-crypto-mining-operations/
I'll give @nic__carter a plug on his article from May.
Nic's analysis is thorough.
#bitcoin'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
Nic's analysis is thorough.
#bitcoin
'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
The most serious players in the energy industry are spending millions of dollars in order to build infrastructure for obtaining this thing called #bitcoin .
If you don't own any of it, then you're likely missing a humungous opportunity to front-run those who are soon to conquer.
.If you don't own any of it, then you'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
