
Please consider the following nonsensical idea that Bitcoin is somehow good for the environment.
“Bitcoiners are incentivized to upgrade the degrading electrical grid.”
Silly for Two Reasons
- Upgrading the grid would do nothing to decrease energy consumption.
- Bitcoiners cannot do a damn thing about energy usage except by halting purchases and letting the price crash.
A price crash would drive more miners out of business, lower the hash rate, and reduce the energy consumption in mining.
I suggest a new battle cry: “Save the Environment, Stop Buying Bitcoin!”TM
What Determines the Price of Bitcoin
In case you missed it, please see Coin Telegraph Post On What Determines the Price of Bitcoin is Flawed
This post originated at MishTalk.Com.
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Mish


Capital is generated in a top down fashion, central banks, commercial banks etc. This is clearly unsustainable. Bottom up capital generation in the form of tokenized communities, DAO’s, businesses etc wherein value is assigned by productivity gains. This is bottom of capital generation wherein the “currency” ebbs and flows based on actual economic activity. The top down model is USSR 2.0. Tokenized communities are a simple bolt on procedure with zero barriers to entry. As simple as building a Facebook group you’ll build a token addon, some for social with little to no swap functionality. Or high value tokens. Their will be trillions of tokens, with a broad range of value. You surely should take another look at what’s really happening behind the popular news. Bottom up value creation is exactly what all the old timers on here want, not more central control.
Mish is a secret Bitcoin maximalist in the making
Novavax, showing that their protein vaccine can elicit neutralizing
antibodies to the prototype strain, to BA.1, BA.2, and BA.5,” said Dr.
James Hildreth, president and CEO of Meharry Medical College. “Their
data seems more impressive to me than the data presented by either
Pfizer or Moderna. I just wonder whether or not it might be timely for
the agency to quickly review the data and make a decision to approve the
Novavax vaccine.”