CodingInLondon on Nostr: Lunchtime reading... “In the monetary field, the fear of change, maintained by the ...
Lunchtime reading...
“In the monetary field, the fear of change, maintained by the absolute control of monetary power exercised by central banks, prevents any debate on the consequences and costs of this monopoly. The Bitcoin protocol, for its part, encourages miners (network validators) to use the cheapest electricity possible, mainly surplus production that no one wants.”
“Currently, only distortions in the energy market, such as access to subsidised fossil energy, would justify some miners using anything other than surplus energy. The interest in this collection lies in the signal sent to industries using electrical energy. Indeed, when Bitcoin miners settle in a location, they indicate a source of surplus electricity.”
Pierre Noizat, ‘L’énergie, face cachée de la monnaie’
https://bitcoinbook.shop/products/lenergie-face-cachee-de-la-monnaie?Format=Paperback
“In the monetary field, the fear of change, maintained by the absolute control of monetary power exercised by central banks, prevents any debate on the consequences and costs of this monopoly. The Bitcoin protocol, for its part, encourages miners (network validators) to use the cheapest electricity possible, mainly surplus production that no one wants.”
“Currently, only distortions in the energy market, such as access to subsidised fossil energy, would justify some miners using anything other than surplus energy. The interest in this collection lies in the signal sent to industries using electrical energy. Indeed, when Bitcoin miners settle in a location, they indicate a source of surplus electricity.”
Pierre Noizat, ‘L’énergie, face cachée de la monnaie’
https://bitcoinbook.shop/products/lenergie-face-cachee-de-la-monnaie?Format=Paperback