A scenario:
Bitcoin price rise leads to increased mining and greater development of yet untapped energy resources, driving down the cost of energy, causing greater human flourishing despite rampant government money printing, which drives further demand for Bitcoin and the cycle…
@Swan
@BVBTC
@BillAckman
Maybe we should just all leave our lights and appliances running 24/7, let our cars idle for hours, and use less efficient HVAC. Imagine how much energy production we would encourage then.
@supplyshocks
He is too smart to ask such a dumb question. Question, is
@BillAckman
ape'ing into bitcoin as we speak? This feels disingenuous at best?
@saylor
@Swan
@BillAckman
How much energy is required to run the fiat system? The energy bill for all bank buildings/facilities, servers, computers, gas for transportation for employees working at banks… worldwide. Genuine question, is there a comparison somewhere?
@Swan
@maxkeiser
@BillAckman
He’s engagement farming. Don’t give him the attention like we did with Elon. He either accepts reality or chooses to deny it. Pointless