If we would monetize your manual labor by putting you on a rowing machine you would have produce approximately $0.30 of value per day.
I often hear the argument: Bitcoin mining is wasting enormous amounts of energy.
Bitcoin mining uses about the same amount of energy as a small country and that is fine!
Time for a thread:
If we would monetize your manual labor by putting you on a rowing machine you would have produce approximately $0.30 of value per day.
This brings the need for balancing the network. Without it, the grid will become unstable.
Solar energy only creates energy when the sun shines. Wind energy only creates energy when the wind blows.
Producers have to produce at sub optimal levels which hurts their profitability and stability. Excess energy is dumped or even sold at a negative price!
Another example are hydroelectric dams, where because of their location, sometimes the energy created can simply not be transported far enough to meet demand.
Therefore miners will move to the edge of the grid where energy is cheapest and there simply is no other use case, if there was, they would be outcompeted.
It provides an opportunity to monetize excess capacity in situations with varying load and will even help our transition towards a more sustainable future by making those solutions more profitable.
@saifedean @johnkvallis @stephanlivera @Breedlove22 @wmiddelkoop
More from Crypto
We are actively working to launch on @binance Smart Chain #BSC .
To make this transition easy & understandable for everyone, we are answering most frequently asked questions here.
Ready? Go! 🔥
1/24
#DeFi #YieldFarming
Q1 - What are the benefits of holding the $VALUE token on the Ethereum Mainnet network? Give me reasons not to sell. Some are assuming that the VALUE token will be abandoned now that vBSWAP is being created. Can you clarify the use case for VALUE?
👉 $VALUE will always be a governance & profit receiving token of the whole ecosystem if staked in #vGov. With the new farming token on #BSC , gvVALUE holders will get extra rewards at BSC if they choose to bridge their gvVALUE to BSC & stake in gvVALUE-B/BUSD 98/2 pool.
Q2 - What do I need to do with my VALUE tokens that are staked in vGov? Is it OK to leave them in the vGov?
👉If you have VALUE but aren't staking in the vGov & you would like to participate in the BSC expansion, you will need to stake your VALUE in the vGov to receive gvVALUE.
If you are staking in vGov but don't see the correct gvVALUE amount in your wallet, go to vGov (https://t.co/udXn5IJtVx) to unlock your gvVALUE from the old contract. There will be a bridge from ETH to BSC to move gvVALUE and vUSD over.
To make this transition easy & understandable for everyone, we are answering most frequently asked questions here.
Ready? Go! 🔥
1/24
#DeFi #YieldFarming
Q1 - What are the benefits of holding the $VALUE token on the Ethereum Mainnet network? Give me reasons not to sell. Some are assuming that the VALUE token will be abandoned now that vBSWAP is being created. Can you clarify the use case for VALUE?
👉 $VALUE will always be a governance & profit receiving token of the whole ecosystem if staked in #vGov. With the new farming token on #BSC , gvVALUE holders will get extra rewards at BSC if they choose to bridge their gvVALUE to BSC & stake in gvVALUE-B/BUSD 98/2 pool.
Q2 - What do I need to do with my VALUE tokens that are staked in vGov? Is it OK to leave them in the vGov?
👉If you have VALUE but aren't staking in the vGov & you would like to participate in the BSC expansion, you will need to stake your VALUE in the vGov to receive gvVALUE.
If you are staking in vGov but don't see the correct gvVALUE amount in your wallet, go to vGov (https://t.co/udXn5IJtVx) to unlock your gvVALUE from the old contract. There will be a bridge from ETH to BSC to move gvVALUE and vUSD over.
1/9 #BSC Daily from
2/9 #BSC Daily from
#PancakeSwap Welcomes @SoteriaFinance to Syrup Pool
— PancakeSwap \U0001f95e #BSC (@PancakeSwap) January 20, 2021
Stake $CAKE, Earn\xa0$wSOTE!https://t.co/liMimqoGDy
2/9 #BSC Daily from
Learn how to trade your #BinanceSmartChain assets on the @OpenOceanGlobal DEX aggregator, from within the @TrustWalletApp DApp browser.
— Trust - Crypto Wallet (@TrustWalletApp) January 20, 2021
Combine the best rates for your trades, from 3-4 different exchanges \U0001f680
Step-by-step how-to guide, here \U0001f447
I've just read one of the most lucid, wide-ranging, cross-disciplinary critiques of cryptocurrency and blockchain I've yet to encounter. 1/
It comes from David "DSHR" Rosenthal, a distinguished technologist whose past achievements including helping to develop X11 and the core technologies for Nvidia.
https://t.co/tkAMShno4k 2/
Rosenthal's critique is a transcript of a lecture he gave to Stanford's EE380 class, adapted from a December 2021 talk for an investor conference. 3/
It is a bang-up-to-date synthesis of many of the critical writings on the subject, glued together with Rosenthal's own deep technical expertise. He calls it "Can We Mitigate Cryptocurrencies' Externalities?"
The presence of "externalities" in Rosenthal's title is key. 4/
Rosenthal identifies blockchainism's core ideology as emerging from "the libertarian culture of Silicon Valley and the cypherpunks," and states that "libertarianism's attraction is based on ignoring externalities."
This is an important critique of libertarianism. 5/
It comes from David "DSHR" Rosenthal, a distinguished technologist whose past achievements including helping to develop X11 and the core technologies for Nvidia.
https://t.co/tkAMShno4k 2/
Rosenthal's critique is a transcript of a lecture he gave to Stanford's EE380 class, adapted from a December 2021 talk for an investor conference. 3/
It is a bang-up-to-date synthesis of many of the critical writings on the subject, glued together with Rosenthal's own deep technical expertise. He calls it "Can We Mitigate Cryptocurrencies' Externalities?"
The presence of "externalities" in Rosenthal's title is key. 4/
Rosenthal identifies blockchainism's core ideology as emerging from "the libertarian culture of Silicon Valley and the cypherpunks," and states that "libertarianism's attraction is based on ignoring externalities."
This is an important critique of libertarianism. 5/
