Sublime

By placing a hard cap on the total supply of bitcoins, as discussed in Chapter 8, Nakamoto was clearly unpersuaded by the arguments of the standard macroeconomics textbook and more influenced by the Austrian school, which argues that the quantity of money itself is irrelevant, that any supply of money is sufficient to run an economy of any size, be

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Adding a bitcoin mining rig to a renewables project provides a permanent buyer of otherwise wasted electricity, lowering the volatility of cash flows of renewables projects, which in turn lowers their cost of capital, ensures more get financed and on better terms, and drives down the deflation curve even faster given Wright’s Law indicates a strong

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@Noahpinion Well, would not be easy to show that #BTC mining has had any effect at all on US power prices. We're running a 4000 TWh system, and mining has maybe added 50 new TWh? And as you know, TX has overnight pricing plans (b/c of wind) as one local variable. Recent thoughts of mine: https://t.co/44lSAxXKKG