Adding a bitcoin mining rig to a renewables project provides a permanent buyer of otherwise wasted electricity, lowering the volatility of cash flows of renewables projects, which in turn lowers their cost of capital, ensures more get financed and on better terms, and drives down the deflation curve even faster given Wright’s Law indicates a strong

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Obviously, things like Amazon Web Services and wireless networks already exist. But blockchain incentives, consensus mechanisms, and smart contracts can do it all in a fundamentally different, more decentralized way. Once I saw that this decentralization has a variety of technical, economic, and political advantages, it became started to become cle... See more

The use of Bitcoin’s blockchain to store data unrelated to Bitcoin payments is a controversial subject. Many people consider such use abusive and want to discourage it. Others view it as a demonstration of the powerful capabilities of blockchain technology and want to encourage such experimentation. Those who object to the inclusion of nonpayment d

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