BitopiaLand on Nostr: Bitcoin will be the AA for the USA’s Taiwan-made computer chip addiction The US is ...
Bitcoin will be the AA for the USA’s Taiwan-made computer chip addiction
The US is afraid it will lose access to high level computer chips from Taiwan if China decides to invade the island. The question to ask is not how to avoid an invasion, but how to kick the Taiwan-made computer chip addiction.
The answer is simple: encourage Bitcoin miners to operate within the US but make it a requirement they need to source equipment from the US (or allied countries). The latter aimed at developing a domestic value chain for the energy and technology the bitcoin miners need.
Why will this help the US kick their Taiwanese computer chip addiction? Because Bitcoin mining consists of two main components:
Energy
Technology
Concerning energy, let it suffice to say that it needs to be as cheap as possible. And the other component, technology, requires high level chips that are extremely good at guessing numbers.
The better these chips the more money to be made, because they will help companies earn more Bitcoin. Pretty solid incentive investments of capital and time to develop the best performing chips.
Guess what will be the by-product of these developments?
High performing chips not only for Bitcoin mining but also for other types of computing… Or is it a coincidence that AI only became feasible AFTER the invention of Bitcoin and the development of the Bitcoin mining industry?
So by encouraging Bitcoin within its borders the US can kick its addiction of Taiwanese chips and sleep well at night.
This doesn’t mean it wouldn’t benefit from keeping China busy on Taiwan for as long as possible, but that’s a topic for a different day.
The US is afraid it will lose access to high level computer chips from Taiwan if China decides to invade the island. The question to ask is not how to avoid an invasion, but how to kick the Taiwan-made computer chip addiction.
The answer is simple: encourage Bitcoin miners to operate within the US but make it a requirement they need to source equipment from the US (or allied countries). The latter aimed at developing a domestic value chain for the energy and technology the bitcoin miners need.
Why will this help the US kick their Taiwanese computer chip addiction? Because Bitcoin mining consists of two main components:
Energy
Technology
Concerning energy, let it suffice to say that it needs to be as cheap as possible. And the other component, technology, requires high level chips that are extremely good at guessing numbers.
The better these chips the more money to be made, because they will help companies earn more Bitcoin. Pretty solid incentive investments of capital and time to develop the best performing chips.
Guess what will be the by-product of these developments?
High performing chips not only for Bitcoin mining but also for other types of computing… Or is it a coincidence that AI only became feasible AFTER the invention of Bitcoin and the development of the Bitcoin mining industry?
So by encouraging Bitcoin within its borders the US can kick its addiction of Taiwanese chips and sleep well at night.
This doesn’t mean it wouldn’t benefit from keeping China busy on Taiwan for as long as possible, but that’s a topic for a different day.