This doesn’t make sense. $40mm / 30 PH is $1,333 per TH. At most the machines cost $100 per TH, likely closer to $80 per TH. So if the energy infrastructure cost $1,250 per TH then at current machine efficiency it takes about 78 years of free operations to get to $0.06/kWh.

I think the $40mm refers to all of what Blockstream has raised using BMN. I don’t think all of it has been invested into this project.

One aspect that always seems to be missing from these energy debates among bitcoiners is sovereignty. I can put solar panels on my roof but I can’t refine oil or mine coal in my backyard. Fossil fuels necessitate centralized entities producing and controlling the distribution of the energy.

Solar and wind give us a chance at decentralized energy production. While I generally agree it doesn’t make any sense to integrate these unreliable sources to the (macro)grid I think there’s a possibility microgrids allow individuals and communities to have more sovereignty over their energy sources which solar and wind will help facilitate.

Similar to how stock certificates or bond coupons originally could be held in self custody. An owner will always have to trust the issuer not to renege the agreement but that’s a distinctly different problem than self custody.

KYC is a relatively new rule that has been introduced into financial markets. Prior to the late 80s there was no KYC needed to buy and sell securities. Arguably this is still true today for all the securities created on other blockchains that do not require KYC. It remains to be seen as to whether these will receive an type of enforcement action, but that’s separate from financial assets have to be part of a KYC regime.

I agree money is different than financial assets, but that doesn’t mean there isn’t value in having a similar way to custody and transact. The biggest difference will always be trust. Bitcoin proves you don’t have to introduce trust for money, while there will fundamentally always be trust for financial assets. RGB isn’t trying to make contracts trustless so I see it as a totally valid project to attempt to bring useful functionality to bitcoin that will help fulfill its role as money in the future.

Yes, that’s a good resource as well as rgbfaq.com. However, it seems it’s only Dr. Orlovsky working on it more or less alone. It also appears he has other projects so the pace of development is quite slow in addition to it being a complicated protocol.

How do you think things like stocks and bonds are going to trade in the future? If bitcoin becomes the money of the future as it’s destined to then it will be half of every economic transaction. Wouldn’t it be best for UX, self custody, and decentralization if trading stocks and bonds, which have a massive TAM, settled on a L2/L3 directly tied to bitcoin’s blockchain with no controlling entity or federation?

This seems really useful but I don’t understand why authentication via Strike is necessary.