Thread by @_Checkmatey_

@LindenJohan @kenoshaking Right now, how do we get to green tech? Government subsidies because it is expensive and underdeveloped.

Bitcoin mining is EXTREMELY competitive. You a 1 cent per kWh more expensive than the other guy, you are going out of business. It is cutthroat

1/

@LindenJohan @kenoshaking Now where is the cheapest energy?

Green
Stranded (unuseable)
Wasted (overbuilt hydro, gas flaring etc)

The best miners will setup + innovate on the above. They create a DIRECT non gov subsidised incentive to setup green, wasted or stranded energy capture and price out fossil
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@LindenJohan @kenoshaking What most critics fail to do is consider the problem beyond 'it uses lots of energy'.

Human have NO SHORTAGE of energy. We simply lack storage and TRANSPORT capacity over long distances.

Lots of energy, cant move it.

So we build energy near populations (consumers)
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@LindenJohan @kenoshaking Well Bitcoin will happily setup in Iceland over a geothermal vent with no energy transport needed except an internet connection.

Or next to a chinese hydro dam that was OVERBUILT and wastes the energy anyway.

or capture methane from oil fields that is vented or flared anyway
4/

@LindenJohan @kenoshaking The reality is, Bitcoin is the greatest, best and most reliable demand source for energy we have. A constant baseload that will naturally price out fossil fuels and incentivise the creation, research and build out of renewable and green tech.

Completely changes everything.
fin.

@LindenJohan @kenoshaking I should add, the importance of this being a free market and not government lead initiative is why it is so important.

Bitcoin forces the private sector to take green tech seriously, makes non viable projects viable and does so without government fuckery and inefficiency