4min chapter

The "What is Money?" Show cover image

Bitcoin Mining on the Ocean with Nathan and Michael (WiM239)

The "What is Money?" Show

CHAPTER

Bitcoin Mining on the Ocean Leads to True Geospatial Decentralization

The only thing we do on the sea today is basically shipping and drilling for oil. You can do a lot of high energy intensity manufacturing at the equator. There's no law, you know, the international law of the sea,. Outside of 200, 200 kilometers, right offshore becomes international waters. The laws change. No one, you, so what do ships do? These ships that come to the Port of L.A., they're not flying a flag of the U.S. They're flying a flag from Pam, Columbia, Qatar; it's called a flag of convenience.

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