Hacker News Reader

Have we considered sending in the bitcoin mining P/E firms? An opportunity for vertical integration.

I’m pleasantly surprised this hasn’t happened after reading this recently: https://www.wsj.com/articles/bitcoin-miners-are-giving-new-l...

Bitcoin is way to volatile for that kind of a commitment - it's short term pump & dump I would say.

Bitcoin miners already purchuased at least one coal plant.

Buying a running or decommissioning coal plant is a short term play. Buying a coal mine is incredibly long/integrated.

Bitcoin is 12 years old, and supposedly 60% is held by long term investors.

And only 2 million coins are left.

To be mined over the next 80 years, of course.

119y, estimated last coin circa 2140

Each of these can be subdivided to eight decimal places. Lots of room to accommodate transactions on the order of $$ to $$$ for a while.

Oh yeah boys, let's enjoy our future income being less than past income!