
Rabbit Hole Recap #223: Miner Pain Is Here
Rabbit Hole Recap
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Bitcoin Miners and Volcanoes
Bitcoin mining facilitates sound monetary standard in the digital age. When you have a sound monetary standard, you increase opportunity costs and stop misallocating capital. The key point of the narrative is that Marty is extremely bearish. It's important to realize that. But first-order effects, energy efficiency, second-order effects.
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