TL;DR—If bitcoin mining and the power grid integrate into a single money-energy system, more frequent bitcoin difficulty adjustments might be in order.

There is nothing in bitcoin the software, the network and the asset that preconditions it and its users to espouse “left” vs “right” politics, or progressive vs conservative, individualistic vs collectivistic positions. There is nothing in it necessarily leading to free markets vs planned economies or anarchic vs statist ways to shape social interactions.

Based on its energy and mathematical foundations, bitcoin can be used effectively, i.e., consistently with the internal logic of each such orientation, and successfully in accordance with the underlying values of such different ideas and practices, regardless of people’s attempts to pigeonhole bitcoin under any particular ideological flag.

These points might be obvious for some, but I think there are enough people identifying bitcoin with very specific ideologies, that it might still be worth considering the issue.

With the petrodollar fading, bitcoin and renewable energy can integrate in an Internet of networks — a new, more resilient, functionally unified energy/monetary system.

What Is Energy?

Stranded natural gas used to power bitcoin mining is a false solution in search of a real problem. This article explores the re­lationship between bitcoin and stranded natural gas, the bond that ties these two seemingly disparate entities — energy — and how different forms of energy impact bitcoin as sound money. We all need energy, and we all need money, but the way we har­ness the former and manage the latter both contribute to climate change. What might appear a match made in heaven between stranded natural gas and bitcoin mining is at best a marriage of convenience that will hurt the planet in the long run.

A Match, But Not Made in Heaven

Lorenzo Vallecchi

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