lisa hough on Nostr: The only reason P/l statements exist wrt bitcoin #miners is due to dollar ...

The only reason P/l statements exist wrt bitcoin #miners is due to dollar denomination.

#Bitcoin has no production cost and no profit or loss, only energy inputs that get expressed via encapsulated absolutely scarce time.

The pseudo-dollar-denominated capital gains from a unit's increased value is its storage of purchasing power denominated in absolute time.