10 sats \ 1 reply \ @2big2fail 26 Mar 2023 \ on: April fools Bank run. bitcoin
this reminds me of the dark knight quote 'some people just want to watch the world burn'
prank the banker bros by plugging in an asic and paying the electricity cost
i tend to agree that he seems very based.
but also at the same time probably has the security state breathing down his suit
the only vertically integrated miner is SDIG
https://zeiner.com/
has to be soon. don't they also offer staking yield.
however this is infuriating to a business. the sec could have just issued a statement that they view staking services as a security instead of issuing a fine.
"our empirical analysis, we find that Bitcoin is unresponsive to both monetary and macroeconomic news. In particular, the result that Bitcoin does not react to monetary news is puzzling as it casts some doubts on the role of discount rates in pricing Bitcoin. Given the short sample used in the analysis, however, more evidence is needed to assess the disconnect between Bitcoin and macroeconomic fundamentals."
they have a unique model that hopefully works.
buy from the grid when cheap and sell to the grid when expensive
https://invidious.snopyta.org/watch?v=M-n8MWWtXzA
the financialization of a social network has always lead to its downfall and although twitter has been on terminal decline for awhile this will heighten its demise.
create content that is advertiser friendly and approved and you will end up with a product that is very similar to cable news. it will be dull and uninspiring.
bitcoin will fail because people will not care about it enough to learn, and overtime less and less people will care to participate because it is too difficult to understand and it will fade into irrelevance