Karl [ARCHIVE] on Nostr: ð Original date posted:2021-05-08 ð Original message:> > What is more ...
ð
Original date posted:2021-05-08
ð Original message:>
> What is more important;
> Bitcoin mining introduces the first free-market demand for the cheapest
> energy source.
This is a really great idea but I think access to technologically advanced
hardware is a stronger component than energy here.
Making open community chip fabs might change that. Then anybody could get
on the bandwagon. But right now the hardware barrier keeps the common
person out.
If you can build a chip fab, you may also be able to build a powerplant.
Not many others can do that to compete with you. The energy economy still
has more supply than competition or renewable energy would quickly
outcompete nonrenewable as the price dropped.
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20210508/416f416a/attachment.html>;
ð Original message:>
> What is more important;
> Bitcoin mining introduces the first free-market demand for the cheapest
> energy source.
This is a really great idea but I think access to technologically advanced
hardware is a stronger component than energy here.
Making open community chip fabs might change that. Then anybody could get
on the bandwagon. But right now the hardware barrier keeps the common
person out.
If you can build a chip fab, you may also be able to build a powerplant.
Not many others can do that to compete with you. The energy economy still
has more supply than competition or renewable energy would quickly
outcompete nonrenewable as the price dropped.
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20210508/416f416a/attachment.html>;