Sep. 12 at 12:05 AM
$CLSK $MARA $RIOT
A natural evaluation of BTC miners?
Eventually the infrastructure costs could outpace small-mid cap companies and the public markets become less willing to accept dilution in order for them to keep up with the BTC network as it grows.
People like to point to COIN for a miner BO but energy companies like
$NEE or a regulatory body like ERCOT could easily precede Nation State.
$EMRAF is another.
But I bet that’s in the 2036 > cycle.
Once it does happen, mining could come full circle and we start to see individual nodes come back by way of Satoshi incentives from the energy providers. Ex: EV discharge incentives for their stored energy in exchange for Sats. Commercial and Residential real estate that captures kinetic energy.
Electrons for Sats, a future energy economy that’s highly attractive to Nation States. The future measure of GDP at a fundamental level with granular user consumption/creation measured at Layers above it. A 20K hour, Jeff Booth discussion
