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?