Daniel Dimitroff

Founder & CEO, Perpetual. The Continuum - Digital Infrastructure with a permanent Community Dividend.

[Daniel Dimitroff @DanielDimitroff]

In Honor of Dr. King's Legacy I wanted to share this today.

Here is a brief explanation as to what I've been up to this past almost 18 months.

Special thanks to my wife, my kids, and my mother for inspiring me everyday to keep pushing and do the right thing. Additional thanks to the wonderful people who I have been so blessed to be introduced to, engage with, etc. during this process.

As I've said before we live in a special spot in this world. And I want to magnify that and do the right Humanitarian thing at every turn.

♾️🙏🏻

https://t.co/0sFZEOFTXu

[Daniel Dimitroff @DanielDimitroff]

@DeniseKShull @RayDalio Inward first - always.

[Daniel Dimitroff @DanielDimitroff]

Good stuff @GavinSBaker. And there are great developers actually giving even more back to communities…

We are taking ALL of the positive cash flow from our Digital Infrastructure developments and putting them into our flagship fund - The Continuum.

[Gavin Baker @GavinSBaker]

Regret the tone of my post on data centers yesterday.

What I should have said:

There were reasonable concerns about data centers 18ish months ago: water, taxes, jobs, electricity prices, the environment and what they would do to small towns. Well-structured data center projects have largely addressed these concerns today and we should be celebrating this.

On balance, data centers are awesome for America in every way.

On water: U.S. data centers use a fraction of what golf courses use. A lot of the numbers from 18 months ago were off by over 1000x. Newer data centers use closed-loop systems or recycled water. Should be required by every town approving a data center project.

On taxes: looking only at sales-tax exemptions, as Ronan Farrow did, is the wrong way to evaluate this. Data centers pay significant property taxes. Loudoun County, which is the wealthiest county in America, now collects on the order of $1 billion a year from data centers. In Quincy, WA, data centers are more than half the property-tax roll. Over time, property taxes can go to zero while government spending increases in these towns.

On jobs: this has been unambiguously awesome for blue collar Americans. Demand for electricians, plumbers, welders, HVAC techs, and contractors has gone vertical, and it is not a one-time construction job. These buildings get upgraded and expanded over time. That is why the building trades are fighting for them, and why some unions are now treating opposition to data centers as a reason not to endorse politicians.

On power: the original fear was that households would pay for the incremental electricity demand in the form of higher prices. That is why the ratepayer-protection deals and the new large-load tariffs exist. The right structure is: the data center brings or pays for new generation and signs a contract long enough that existing customers are protected. Where that is happening, utilities are cutting or freezing residential rates and saying so on the record. Where it is not, people are right to object. Electricity prices are going down *today* in a number of large states because of data centers.

On the environment: data centers overwhelming use natural gas today, which is the cleanest power source outside of nuclear, solar and wind. And the companies that are building the data centers are committed to carbon neutrality such that an equivalent amount of solar will likely be built. Maybe more importantly, the data centers need batteries to function effectively and these batteries can also sell energy back into the grid (which recently prevented blackouts in Texas). Over time, data centers will run on solar plus batteries.

On the towns: Poverty in Quincy, WA fell from 29% to 6%. Data center taxes paid for a new high school, a hospital, a library, police and fire stations. This is happening in many left for dead former mill and farm towns that had no other bidder for the land.

Data centers are actually reindustrializing parts of America and creating the kind of working-class jobs both parties have spent decades claiming to support. That should not be a partisan issue. Data centers can and should be awesome for America and they increasingly, overwhelmingly are. Supporting the outsourcing of data centers to China will likely age just as well as support for the outsourcing of high quality, blue collar manufacturing jobs to China has aged.

When the facts change, I change my mind. I hope that reasonable people who had good faith reasons to oppose data centers at least consider updating their beliefs given the change in the facts over the last 18 months. This really matters for America.

I will say I also think the idea of making data centers beautiful is a good one that has yet to be implemented. Data centers should be just as beautiful as Grand Central Station. We can learn a lot from the railroad buildout. Neoclassical revival ftw.

Might write up open-weight AI tomorrow as this is equally essential to America.

[Daniel Dimitroff @DanielDimitroff]

@earthcurated

[Daniel Dimitroff @DanielDimitroff]

@Jason Intense exchange but he is right. I’m not sure Palantir gets to be that only god either though. Open Source is the way OR principled gatekeepers.

[Daniel Dimitroff @DanielDimitroff]

@chamath https://t.co/8fQKqwFV98

I’m building Digital Infrastructure - and the lever is built into the model.

[Daniel Dimitroff @DanielDimitroff]

@chamath https://t.co/8fQKqwFV98

[Naval @naval]

A man expresses love through duty.

[Daniel Dimitroff @DanielDimitroff]

@Jason Fine timepieces can become an addiction…

More than happy to set you up with some amazing retailers if you’d like. It’s been a passion point of mine for 20 years.

[Daniel Dimitroff @DanielDimitroff]

@elonmusk This is true. But 2 things can be true at the same time. You can run successful companies and you can be incredibly active in philanthropy.

[Daniel Dimitroff @DanielDimitroff]

@readswithravi Every day.

[Daniel Dimitroff @DanielDimitroff]

Earned.

What an inspiration. Beautiful in all ways.

[Cherie DeVaux @RealDeUavx]

Being a celebrity is hard work

[Daniel Dimitroff @DanielDimitroff]

Y E S.

[occultbot @0ccultbot]

Each of you should use whatever gift you've received to serve others, as faithful stewards of God's grace in its various forms.

[Daniel Dimitroff @DanielDimitroff]

@sama Sam - you are right…

Working in healthcare on this very thing but utilizing AI Infrastructure build out to leverage the capital required. We should touch base.

[Daniel Dimitroff @DanielDimitroff]

J - believe it or not there really is no need to use demeaning words. Thats not a political stance - it’s a decency stance. I agree that these times are terribly perplexing and call for intervention. But you choosing to use words that truly don’t have a place in decent societal framework don’t make things better - they further divide.

[Daniel Dimitroff @DanielDimitroff]

How? What are the immediate steps you’d take as governor to impact healthcare delivery costs and procedural failures? What services will you bring to communities and at what cost? I’m a supporter if you can help identify answers to these questions. Because I have specific ways to do this at no cost to the taxpayer.

[Daniel Dimitroff @DanielDimitroff]

@TheChiefNerd Neither is good.

[Daniel Dimitroff @DanielDimitroff]

@MalloryMcMorrow @MalloryMcMorrow please go bigger. Go past Mr. Rogers and go to what is happening in Iran, etc. Use your platform. You are right about gas prices but game this all the way out. Nothing good can come of it. We need decency and humanitarianism in leadership.

[Daniel Dimitroff @DanielDimitroff]

@Jason And at this point - they should. And then you have to look down the line to see who is supporting these decisions, empowering them, etc.

DECENCY AND HUMANITARIANISM > Everything else.

[Daniel Dimitroff @DanielDimitroff]

Hey @grok can you please use game theory to game out the difference scenarios all for the next 5 years if we pull out of Iran versus if we stay and do what president trump is suggesting he may do this evening which is take out their whole civilization. Then post it on this thread so people can see your response.

[Daniel Dimitroff @DanielDimitroff]

Crippling to say the least. Physics - for every action there is an equal and opposite reaction. What does that look like? Russia? China? Retaliation? I for one do not want WW3 thought it feels as though we are already in it and may have been since a few months ago. What about economically?

[Daniel Dimitroff @DanielDimitroff]

If someone must be removed - have the courage and were with all to do it. Even if it takes time.

It’s time to look ourselves in the mirror and not stand up for what is right and good. Not the dystopian direction we seem to be taking daily.