Going to keep a thread of the insane totalitarianism coming out of Davos this week.
We’ll start with John Kerry stating that elected leaders won’t be able to stop insane climate hysteria policies if they want to.
Lord Ursula explaining how governments are going to unabashedly censor speech to make sure there’s no wrong think that leaks to the public.
Some dude named John Evans getting all horned up over social credit scoring systems that are being worked on. Are you ready to be tagged and tracked, maggot?
I wrote a thread about our on-grid strategy at @TheStandardBTC.
Now let's talk about our off-grid strategy, which aims to tackle the stranded well problem in Appalachia with bitcoin mining data centers and generators produced by @upstreamdatainc.
Appalachia is filled with shallow oil basins that were drilled years ago. At the time, it only made sense to extract and transport the oil out of the area. There were very few nat gas pipelines built to bring the associated gas to market because it wasn't economically viable.
This has created a massive stranded well issue. When the oil wells went dry producers capped the associated gas wells and left them behind with the land owners. A lot of these wells are poorly maintained, degrading, and sometimes leaking methane into the air.
Had an epiphany on the mining stage during my panel with @thetrocro, @TheGuySwann and @hhornblower95 that I tried to articulate on the go and want to articulate it here.
It is very ironic that politicians and central bankers refer to bitcoin mining as wasteful.
I understand this irony very deeply because of the work we're doing at @TheStandardBTC. Our strategy is to identify rural towns with falling populations that have excess capacity at substations because a large manufacturing facility left town due to globalization.
At Standard Bitcoin we are taking advantage of the waste produced at substations across Appalachia. There is a lot of waste because the dollar system made it unprofitable to manufacture goods in the US.
Three alarm bells signalling that we are in the midst of a recession in the US. 🧵
Consumer credit is hitting all time highs as savings rates are absolutely tanking. Consumers are extremely stressed right now and overextending by blowing through their savings and going into more debt.
This trend will lead to a world of hurt, especially as interest rates rise.
Investors in nontraded REITS are pulling their money out at an unprecedented pace to cover their other liabilities. Investors are bearish on commercial real estate.
Also, new mortgage applications are falling, which signals prices are still too high and have much lower to go.