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RE: A Historical Perspective on the True Nature of Bitcoin
If you wrote this this was very well done. premium quality post, regardless of the fact that I disagree.
It's a hard sell to say that the intention of bitcoin is to raise energy prices. If the process of mining BTC took up as much power as the data centers in Virginia for example; then it might hold ground. The premise that the conspiracy causes the average joe to buy an ASIC and use power to increase price is interesting but a bit far fetched.
Thank you. I try to put things into perspective. Its not about the public, its about the market-determined price of a kWh. Corporate enterprises affect the marketplace cost of energy far more than "average joes". This is mostly due to the fact that utility costs are usually written off as a business expense, so the higher rate per kWh, is really about pegging residential rates, as a function of proportion to the commercial rate. Hopefully that makes sense. It's not a popular opinion with all the BTC fanboys running around lately, but I am not posting here to make friends, but warn and inform. Proof of Stake is the future, Proof of Work is slavery.