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Bitcoin is not a battery it is not a valid analogy. It’s more a store of value of the energy produced. It’s a monetary incentive to capture the cheapest (now mo
by jonathanpeterwu 6y ago
Bitcoin is not a battery it is not a valid analogy. It’s more a store of value of the energy produced. It’s a monetary incentive to capture the cheapest (now mostly hydro, solar, wind potentially nuclear) wherever you can cheaply or safely find/capture it at the source (since energy transport is inefficient over long distances)
- lucb1e 6y ago... such that it cannot be used by anyone else anymore for that price, since you can't double-spend, ahem, double-use electricity...
- literallycancer 6y agoSo? People who live next to the powerplant now have to pay market rate? What a tragedy.