This is painted as a disaster, but I think all we're doing is cutting through to get at a consistent valuation for energy. In order for Bitcoin to every achiev

This is painted as a disaster, but I think all we're doing is cutting through to get at a consistent valuation for energy. In order for Bitcoin to every achieve any long-term viability, in my opinion, it needs to stabilize its pricing. Practically speaking, the route to do that is through a combination of supply chain pricing and credit markets. Pricing energy in Bitcoin (which is really all this is doing) is an interesting step towards the supply chain problem. This power plant, in all likelihood, would be happy to sell the power to another bidder if the price per Joule is higher than the expected price per Bitcoin per Joule. The natural next step is to just price electricity directly in Bitcoin. The question then becomes how viable it is to move down the chain -- pricing natural gas or coal in Bitcoin, and putting pricing pressure on the supply chain for more complex energy products (turbines, solar panels, etc.) to match this pricing. If this is feasible (and that's a big "if") then there is a chance that we start to flip the equation -- energy prices in dollars are simply too volatile and Bitcoin becomes a standard option for international settlement.