To push back against the pushback against the push… forward, if you understand Bitcoin as a value transfer medium that’s not beholden to Cold War victors like SWIFT, and not leveraged out from ultimately vulnerable physical material like gold, it might actually be worth that much and just started out radically undervalued

Maybe the comparison that goes unmade here is to IPOs that generally offer at less than the expected first-day price (because a market needs fluidity and fluidity needs market makers?)

Someone made the point that bitcoin isn’t a real currency until you can spend it to buy the electricity your rig runs on, which fair

Though at that point why’s the utility selling you the electricity rather than mining it themselves

Now if you could turn energy into bitcoins and spend them to acquire fuel, it might be a decent way for renewable energy providers to span the gap between peak production and peak demand