Michael Dunworth
· 3w
How Bitcoin loses:
Energy competitiveness will reduce hashrate.
There’s more money and value captured by AI (more people want that to win than Bitcoin if it was a choice).
Energy is now only flow...
Bitcoin has a more flexible range of energy sources tho. Bit more of a houdini.
Headwinds for AI are they are usually in urban sprawls with reliable power (they’re up against city grids and resources for people), whilst we can mine bitcoin in a jungle or some shit