More electricity buys more BTCUSD, so far. It hasn't been a problem since Bitcoin price continues to go up. If you own Bitcoin, you believe it'd go up forever. If you don't own Bitcoin, you think it'd stop at some…
> But that’s not the case: in Bitcoin, more electricity does not buy “more Bitcoin”, it rather buys “more security”. I think this piece misses. Electricity and hash power does translate to economic value. It gives you…
More electricity buys more BTCUSD, so far. It hasn't been a problem since Bitcoin price continues to go up. If you own Bitcoin, you believe it'd go up forever. If you don't own Bitcoin, you think it'd stop at some…
> But that’s not the case: in Bitcoin, more electricity does not buy “more Bitcoin”, it rather buys “more security”. I think this piece misses. Electricity and hash power does translate to economic value. It gives you…