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126 sats \ 3 replies \ @Satosora 15 Jan \ on: Mississippi River Bridge decision may not come for another two years, LA DOT Construction_and_Engineering
If they are going to keep delaying, their raised capital will become worthless.
Imagine if they put it into bitcoin, when two years rolls around they might have enough to fund the whole project.
Why are they putting the bridge in that area though?
That is a pretty old forest, will the cut it all down first?
Or are they thinking of selling the timber to fund the project?
I assuming this is what the traffic study found to be the best location. But you are correct the money they raised is just decaying with time. The longer they wait the more cost will run away from them.
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Imagine if they put it into bitcoin, when two years rolls around they might have enough to fund the whole project.
This is why long term / large scale projects can no longer be accomplished. Inflation of material and labor cost grows faster than the capital they raised...this is in contrast to pre-1971 when large scale projects could still be accomplished.
A related tangential item is, you can see this in construction in general. Go to a city center and check out the buildings....the new construction buildings are easy to spot vs the buildings built with commodity-money.
Nearly all buildings built today are more or less 'disposable'....gone are the giant stone buildings.
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Yeah it’s hard to preserve capital for major civil projects. Part of my goal with this territory is to show how bitcoin can be that capital to preserve the purchasing power for large civil construction projects.
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