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I suppose they could just funnel surplus electricity into melting gold).
that would be ironic, eh.
- bitcoin invented to outcompete gold for global money; goldbugs hate it
- bitcoin mining becomes this amazing electricity-grid backstop
- gold miners/refineries copy-paste and become... AI centers/electricity hoards/consumers
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Do you get more editorial pushback from Mises?
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Not usually. They're just slow, and tend to schedule articles weeks out (I wrote this during the storm in late Jan obvs). In this case, tho, I hadn't even received confirmation of the article submitted I don't think
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Very cool. Particularly for the Mises folks, it's important to highlight the useful market roles for bitcoin that just don't exist for gold (although, I suppose they could just funnel surplus electricity into melting gold).