Labor intensive?

5x efficiency

Crypto energy

.

Miners become more efficient

Brute force vs technique , competition

Raw labor or technology?

Yin and yang

Heat technology

Free floating capital

Capital is always seeking the best investment

Limiting factor ?

Right cooling technology

Crypto hashes … generate it

Break even points

.

Stealing the power

Ethics

If you don’t upgrade you become obsolete

Bitcoin is real economics?

Nature healing itself

State of the Art

Upgrade hardware every 4 years, stay competitive

Efficiency curve

Keep compressing computing power

More hash power, better technique

Buy capital

Variable cost

40% is capital equipment

Not energy war, technology war.

Energy is a raw in on the universe

.

Self healing

Steal, variable cost is 0

Your margin is my opportunity

Think every 4 years –> every halving

Drivers of growth

We’re in a bitcoin rush

2035– mined 99% of the bitcoin

14 years, 10 more years… chance for the next decade?

.

Getting cut in half

Lacking imagination.?

.

I hunger for more risk?

Think Autotelic

Things for the sake of it!

.

Vault?

Matter of time

Send PHOTOS, audio files, bitcoin –> Bitcoin as a file type?

Inevitable iPhone sends Bitcoin?