@zerohedge True.
That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy.
@zerohedge If AI truly has the disruptive potential it’s been advertised with, subsiding (paying for the damage caused by) economic changes with AI will either be normal or preached against. One has negligible but slight impact to the bottom line, the other could lead to local revolutions.
The data centers and AI giants are making billions as they drain the power grid dry and get indirect consumer subsidies in the form of 100% bill increases. It's time they allocate some of trillions in circle jerk funds to lowering electricity costs for everyone else
@PeterSchiff Peter you’re better than this. What if you broke a dollar into quarters, or pennies? What if you broke shares of stock out to units with 5 decimal points? Adding decimals doesn’t destroy value. You make no sense, and if anything this highlights the scarcity of only having 21M BTC