[FRIAM] speculative marketing

[Marcus Daniels]

It seems to me this is a better way to use excess power.

https://www.montereyherald.com/2021/08/19/worlds-largest-energy-storage-system-completes-phase-ii-in-moss-landing/

From: Friam <friam-bounces at redfish.com> On Behalf Of Roger Critchlow
Sent: Monday, March 21, 2022 11:01 AM
To: The Friday Morning Applied Complexity Coffee Group <friam at redfish.com>
Subject: Re: [FRIAM] speculative marketing

I read the cryptosplaination in the NYTimes this weekend, and it almost made sense, then this.

Isn't there something thermodynamically fishy about a scheme that so directly converts capital into ROI?

Bits, and electricity in; bits, waste heat, and profit out;  it's almost as if someone made up a parody of economic activity.

And then it gets hot, and the shipping containers start to roar like a parking lot full of helicopters revving for take off.  But they never go anywhere, they just roar until the temperature goes down, or the spot electric rates go up, or bitcoin crashes and the value of committed ledger entries evaporates.

Need a live web3.0cam with 5.1 audio so we can see and hear the future being made.

-- rec --


On Mon, Mar 21, 2022 at 12:25 PM Marcus Daniels <marcus at snoutfarm.com<mailto:marcus at snoutfarm.com>> wrote:
Opportunistic use of wasted energy, I can maybe see..
https://www.cnbc.com/2022/02/12/23-year-old-texans-made-4-million-mining-bitcoin-off-flared-natural-gas.html

but it seems time to move on.
https://www.coindesk.com/markets/2022/03/21/traders-bet-on-ether-staking-after-eth-20-upgrade/

That part of the country is so pretty.  It is a pity there are so many reptiles that live out there.

-----Original Message-----
From: Friam <friam-bounces at redfish.com<mailto:friam-bounces at redfish.com>> On Behalf Of glen
Sent: Monday, March 21, 2022 8:56 AM
To: friam at redfish.com<mailto:friam at redfish.com>
Subject: [FRIAM] speculative marketing

Gold Rush to Usk
https://www.rangemedia.co/usk-wa-bitmain-ponderay-newsprint-mill-gonzaga-allrise/

> Allrise, a private equity firm that invests in real estate and specialty markets in the U.S. and Ukraine

--
˙sɹǝɟɟns ssɐɹƃ ǝɥʇ 'ʇɥƃıɟ sʇuɐɥdǝןǝ uǝɥM


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