As I stated in the tweet thread above, Bitcoin miners acting as buyers of first resort for electricity that may otherwise not be generated if there wasn't a buyer presents a great way to ensure residents always have enough electricity as they need to protect themselves from Mother Nature. When demand for electricity increases to a certain point, miners can power down and sell the electricity they would have used to mine to residential consumers - usually at a pretty penny. This is happening today here in Texas as miners like Rhodium and RIOT, who are participating in ERCOT's demand response program, turn off their machines and sell that electricity to the market.

[Over time], it should become clearer how markets should structure these grid projects that cater to miners willing to come in as buyers of first resort. We are watching Capitalism solve an incredibly hard problem and increasing the quality of life for humanity.

After locking people's money in their bank accounts for almost three years, the government has decided to simply obliterate an estimated $69 BILLION of wealth from the face of the Earth. Forcing people to convert their US Dollars to Lebanese pounds without their permission.