Oddbean new post about | logout
 #bitcoin allows energy production without  accessible grid ..   

what is the point of generating this energy if it can't be used by people ?  ..  I mean you are simply wasting  that energy in computing hashes  - kinda double whammy,  cuz you are not only wasting energy but compute also  ! 

The truth however is exact opposite .. when you create demand for energy generation equipment , the industry improves .. for example , if there is more demand for the phones , the phone  industry benefits ..  Same way if there is more demand for energy sector the sector improves ... 

The fact is entire energy sector ( including solar  and renewable)  is in serious glut situation because energy sector is stymied by the ailing and aging grid  ..  

In effect , #bitcoin serves as the monetary GRID for unlocking energy  production and thus revitalizing the most important industry 




nostr:nevent1qvzqqqqqqypzqkx8gx4xxrpd5dd9dfmur5znsxggh5g9qn7a9k958ae9a7ndyvvkqqsw0pj57era8p6pm68up9yp0p2q3773klg58r7mrwu0557rlcplnjc7yv36k