RE: Former Norwegian Secretary of State turns Bitcoin Entrepreneur

1 yr
0 Min Read
82 words

Thanks for the recommendation! I will give it a listen later today :).

I'm sure there are concentrated pockets of waste all over the place that can be used by remote value-generating, but power-consuming, equipment. In the old days when these plants were first built, people likely imagined that power-generating resources had to be transported in order to be sold. But Bitcoin mining equipment can work from anywhere that has energy and a sufficient connection. Changes a lot.

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They are mining BTC basically in the oil fields :) using Starlink for connection. First part of the podcast is even better. Greg Foss is a legit dude and had great points about credit default swaps and how you can actually use them to calculate BTC's fair price as insurance against fiat currencies default (p.s. atm of recording that pod BTC's fair price was >100k)