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by alwillis
2027 days ago
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There have been major investments to bring bitcoin mining back to the US, including partnerships to use natural gas and oil to power such mining: https://www.coindesk.com/us-becoming-bitcoin-mining-power-ag... the only reason BTC has value is because it can be swapped for fiat currency. it will never be its own "thing". Bitcoin is a non-sovereign, hard-capped supply, global, immutable, decentralized digital store of value. It’s an insurance policy against monetary and fiscal policy irresponsibility from central banks and governments globally. This makes bitcoin it's own thing. It's early days, but satoshi's (1/100,000,000 of a bitcoin) are already the standard for a variety of transactions. Bitcoin is already a store of value and we can transact in it; it's just a matter of time before it becomes a unit of account. |
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