Last week I wrote about @elonmusk’s potential “end game” plan for #Bitcoin& the post blew up far more than I would’ve ever imagined

This has inspired me to write a follow up with some more info on how @elonmusk may be revolutionizing the energy market with $BTC

Let’s begin! 🥐
Earlier, I theorized that @Tesla may have a larger plan for integrating the Bitcoin network than many seem to understand

After all, why would a solar company invest nearly 10% of their cash in $BTC only for Elon Musk to tweet negatively about it almost right after?
The answer to this question is simple...

Tesla’s main business is in solar energy. This consists of solar roofs, panels, power-walls, utilities & much more

This energy can be monetized with a particular use case including $BTC. @CathieDWood explains this concept further below:
This means that excess clean energy from @Tesla products can be monetized through $BTC mining that would otherwise be put to no use.

@Tesla may help form the “green” $BTC narrative that’s so attractive to investors, all while incentivizing solar energy

(Tradable renewables?)
It is a little known fact that @Tesla actually makes a solid amount of money from selling regulatory credits they earn from the selling of zero emission vehicles

Even more significantly, when near ATH, @Tesla was in more profit from $BTC than an entire year of selling cars...
But how exactly would all of these new miners within the network ensure of 100% uptime in the distributed web of energy markets?

With the combination of satellites (like Elon Musk’s 47,000 from StarLink and SpaceX), we can expect connections in even the most destitute of areas!
The other outside implications of this should not go understated. I could write entire threads on this topic, but I will keep it to the point for simplicity

Let’s first get a basic understanding of renewable energy and how it can be applied to #bitcoin
It is important to understand that renewables are not exactly new to blockchain

In fact, 39% of Bitcoin miners were reported to use renewables to mine their $BTC

But it is their unique particular synergy that may in fact be a revolutionary advancement to the entire world.
#Bitcoin has inherent mechanisms to incentivize location independent energy sources & connect them to the grid where it had previously not been possible

It is quite literally the only profitable use of energy that does not need to be connected to a human society in the world
With the energy market there are never issues in terms of scarcity, it is rather an issue of how to channel that energy geographically

Integrating #bitcoin can serve as a universal “buyer of last resort” for the entire energy market

This is already being seen in cases...
As El Salvador literally built a $BTC mining ecosystem from a volcano in little to no time

Anywhere with a running source of water could monetize their isolated energy sources by using it to mine $BTC

Running water? Mine #bitcoin

Windy? Mine #bitcoin

Volcano? Mine #bitcoin
This, in effect is would have a substantial economic impact, particularly for less-developed countries.

Until now, the unbanked society could not have access to or use almost any currency but their own countries’, often times subject to inflation

It would be revolutionary.
#Bitcoin provides the foundation for a massive transfer of wealth to the unfortunate majority without the access to easy banking.

Not only is this monetary policy battle-tested, but it has the liquidity, decentralization needed, and it is open to use for all
@elonmusk and others may be turning energy into an asset that is instantly bankable

This is without the need of a middleman, or even internet connection

#bitcoin will single-handedly change the existing economics of energy with a universal profitable source of renewable energy
But we do in fact have beyond just speculation to confirm these rather outlandish assumptions.

It appears an organization is forming of sorts around making this use case a reality.

& it includes some of the worlds best developers in technology who are working on it
What am I referring to?

It’s called the Bitcoin Clean Energy Initiative, a group made to accelerate the use of renewables with $BTC

Members include the likes of Cathie Wood’s Ark Invest, a big asset manager, @Square, a digital payments service provider, and (maybe Elon Musk?)
They recently wrote an in depth research paper (shown above) illustrating the promises of solar Bitcoin mining.

It strangely includes specific use cases for massive energy providers like @Tesla

Take a look:
wintonark.medium.com/bitcoin-mining…
TLDR; it argues that an implementation of $BTC to the grid would effectively bring in more revenue with energy that is otherwise wasted for pennies on the dollar, incentivize renewable energy, and help overall energy provision across the grid.

More key points 👇🏻
Now do you notice that this is exactly what @Tesla says they are trying to do with their virtual power plant...?

It is becoming very clear that they are using blockchain tech, specifically at an aim to help better provision energy on the market with Virtual Power plants 🤔
So, we know they’re all likely working to change energy as we know it, but how close is this all of this to fruition?

@Blockstream and @Square teamed up to & a solar mining facility which can offer us some insight on this

It is just the first of what I believe will become many
I don’t think it’s a coincidence that @jack and @elonmusk are so well interconnected, especially when it comes of $BTC

We have reason to believe that @Tesla may be about to make a move on $BTC in a big way

Just take it from @CathieDWood’s Ark Invest herself:
A key factor limiting the growth of renewables is production cost. Can you imagine a world that is profitable, sustainable, and energy abundant across the globe?

This can change the entire narrative that #bitcoin is bad for the environment, & it makes complete sense for @Tesla
The environmental problems of $BTC is not something new, but it is quickly becoming a big issue for some investors

Many large corporations and institutions now apply a standard known as “ESG” when making investments

This refers to concepts of:

-Environment
-Social
-Governance
What the powerful individuals working at the Bitcoin Clean Energy Initiative are doing is effectively creating the grounds for institutional adoption

Not only will it change the perspective of $BTC as the general society knows it, but it will empower entire new economies to form
Solar energy and #bitcoin will give millions of people access to a decentralized distributed grid & banking services

These moves will pave the way for many more institutions to adopt a Bitcoin mining strategy as part of their business model

I think this is incredible. Enjoy! 🥐
>two grammatical errors after reading it over 100 times

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More from @CroissantEth

1 Jun
@elonmusk has had a big impact on crypto recently, & because some of his actions have been a bit unconventional, I was inspired to dig in a little deeper to find out what exactly his “end game” is

& what I’ve found does not disappoint.

I’ll compile all of the info below 👇🏻🥐
This story begins a short time ago after Elon made the now-infamous tweet that Tesla will accept $BTC

$BTC rallied from this news, only for the hype to be cut short by complete reversal in policy from Tesla

Tesla will NOT accept $BTC for payments, citing environmental concerns ImageImage
This action led many to wonder why, just a mere few weeks after his company invested over $1B into $BTC, would he blatantly speak negatively about it?

Surely he has a reason to do so, right?

Well after taking a look at some hints left in his tweets, that appears to be the case
Read 25 tweets
31 May
With the “meme coin” hype blowing up I thought it’d be nice to have a bit of a refresher, & go over some of the cool projects with real use cases that are ACTUALLY being built on $ETH

All of these projects are breaking into trillion dollar industries...

Let’s begin! 🥐
1. @etherisc

With $LINK oracles, $DIP offers a simple & elegant solution to the trillion dollar insurance industry

Smart contracts automate claims, offering farmers coverage across the world

They were mentioned by the WEF for their unique use cases in a paper on digital assets
2. @AIRA_Robonomics

First a robotics team, their devs found home on $ETH for their plan to build out a network of IOT devices

$XRT has worked with Microsoft in an aim to make smart cities a reality in the 4th industrial revolution

They offer “robot as a service” technology
Read 25 tweets
21 May
I’m very tired, but this one deserves a short thread...

This project is one of the most exciting and unique use cases I’ve seen on $ETH, & it may open up a previously untouched market worth billions.

Let’s begin! 🥐
@APWineFinance is an interesting protocol that allows you to trade unrealized yield in DeFi

The key functions of the application combine to create an ecosystem of tokenized yield across DeFi protocols that users can speculate on.

I’ll go over what this means briefly below...
EXCHANGE

@APWineFinance features an exchange which locks funds to generate tokenized futures that are unrealized yield

This aspect makes yield farming a lot more attractive to users who may wish to sell their interest at a fixed price

& it is a new way to hedge risk on $ETH 👀
Read 10 tweets
21 May
$ETH is quickly emerging as a completely new asset class proving itself to be worth potentially tens of trillions of dollars.

Short term price movement and volatility is irrelevant, the institutions and builders are here.
I’ll post an in-depth thread to fully illustrate my thoughts on $ETH & it’s future soon, but for now I’d like to point at a few resources I believe are a MUST SEE to fully grasp the bigger picture

If you have 2 hours of free time & want to take the redpill, these are for you...
A few days ago I wrote a thread covering the absolutely astonishing numbers of the $ETH network, and offered some insight as for what is yet to come.

I cover 24 key principles in detail which make $ETH unique to anything we’ve ever seen before in the financial industry
Read 7 tweets
20 May
All of my threads in one place 👇🏻
$UDT (the one that started it all)
loafeth.medium.com/unlock-protoco…
Read 20 tweets
19 May
This one is long overdue.

In this thread I will go over some info you may not of known about one of the top DEX’s in the industry, and what exactly they are about to release...

Let’s begin! 🍣
$SUSHI began with a simple premise:

LP’s on the DEX had the ability to earn protocol governance tokens in rewards, contrary to what $UNI offered at the time.

The idea quickly gained lots of traction, with a vampire attack taking over $1B worth of liquidity from $UNI in 2020
Now, the exchange is host to many advanced DeFi products & applications on $ETH, developed by the top names in the industry.

Some hints and actions from the team also led me to believe some massive news is coming very soon for $SUSHI

I’ll go over some of this info below...
Read 24 tweets

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