Bitcoin as a globally incentivized search to find the most irrational seller of electricity: https://www.seattletimes.com/business/bitcoin-backlash-as-miners-suck-up-electricity-stress-power-grids-in-central-washington/ …pic.twitter.com/3dFAbUZ0eG
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The utility's model, such that it is, is to sell power to Them at market rates ($$$) and subsidize power consumption by Us in return for capital and environmental/etc concessions to allow power generation in Our neck of the woods. Bitcoiners are saying "Ooh ooh we count as Us."
"Well how?" "Well we are going to place a point-of-presence for an intrinsically global network, hardware and a skeleton crew, in your geographic territory for as long as you're the dumbest power provider in the world." "..." "If you're not that dumb say so, I have a list."
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