#434: Capital in the 21st Century with Allen Farrington
TFTC: A Bitcoin Podcast
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The Economic Intricacies of Mining
Mining is, first of all, it clearly forces you to be on a Bitcoin standard because 100% of the revenue of miners comes in Bitcoin. It's also obviously cyclical, but in quite a, it's a harsh cycle. The more fiat your capital structure as a miner, the more likely you're just going to get wiped out. But mining is like the canary in the coal mine of what’s coming on a BitcoinStandard. There's nobody's printing more Bitcoin to save you.
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