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From: Karl <gmkarl@gmail.com>
Date: Sat, 8 May 2021 10:42:24 -0400
Message-ID: <CALL-=e7QYotr0W=3uD90A7gb8eQKJ=C3269cUzn4j-BMv8T4RQ@mail.gmail.com>
To: honest69abe <honest69abe@protonmail.com>, 
 Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
Content-Type: multipart/alternative; boundary="0000000000002baba805c1d28e0e"
Cc: SatoshiSingh@protonmail.com
Subject: Re: [bitcoin-dev] Opinion on proof of stake in future
Precedence: list

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>
> What is more important;
> Bitcoin mining introduces the first free-market demand for the cheapest
> energy source.


This is a really great idea but I think access to technologically advanced
hardware is a stronger component than energy here.

Making open community chip fabs might change that.  Then anybody could get
on the bandwagon.  But right now the hardware barrier keeps the common
person out.

If you can build a chip fab, you may also be able to build a powerplant.
Not many others can do that to compete with you.  The energy economy still
has more supply than competition or renewable energy would quickly
outcompete nonrenewable as the price dropped.

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<div dir=3D"auto"><div class=3D"gmail_quote" dir=3D"auto"><blockquote class=
=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;padd=
ing-left:1ex">What is more important; <br>Bitcoin mining introduces the fir=
st free-market demand for the cheapest energy source.</blockquote></div><di=
v dir=3D"auto"><br></div><div dir=3D"auto">This is a really great idea but =
I think access to technologically advanced hardware is a stronger component=
 than energy here.</div><div dir=3D"auto"><br></div><div dir=3D"auto">Makin=
g open community chip fabs might change that.=C2=A0 Then anybody could get =
on the bandwagon.=C2=A0 But right now the hardware barrier keeps the common=
 person out.</div><div dir=3D"auto"><br></div><div dir=3D"auto">If you can =
build a chip fab, you may also be able to build a powerplant.=C2=A0 Not man=
y others can do that to compete with you.=C2=A0 The energy economy still ha=
s more supply than competition or renewable energy would quickly outcompete=
 nonrenewable as the price dropped.</div><div dir=3D"auto"><br></div></div>

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