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Bitcoin Economics and Evolution | The Saylor Series | Episode 16 (WiM062)
The "What is Money?" Show
Bit Coin Mining as a Microcosm of Capitalism
Bid coin mining is a microcosm of capitalism, where we have the shift from energy intensity to technology intensity. This overtime is driving down energy consumption per ash generated, and causes the improvement of semi conductors or asex. With more fixed cost of production, you get a more predictable and manageable market or production process to participate in. So larger more riscovers polls of capital. Well now start to look at bit coin mining as an investible domain.
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