329 sats \ 2 replies \ @gimballock1 8 Feb freebie \ on: The DOE Rules and Mining Geographic Decentralization bitcoin
Banks are are feeling threatened domestically and internationally:
- BRICS nations are mobilizing against USD
- Institutional money is flooding into bitcoin investment vehicles domestically Meanwhile inflation continues despite all efforts to suppress it.
Centralized exchanges are pretty locked down already with KYC/AML regulations
Public mining companies are the other big source of capital out flow. Being public makes it easy to raise capital and grow the operation. This happens in the US because we have a very stable government relatively speaking. This situation will persist until it no longer works because going underground is more risky at scale. But, I believe, inevitable as the threat to the establishment becomes more acute.
I think the big mobilizing against the USD and for Bitcoin won't come from BRICS. The BRICS barely even really exists - it's just China and small henchmen. And they'll use their fiat instead of Bitcoin.
The Hyperbitcoinization will start in 3rd world countries and small subcultures inside the US.
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I generally agree with your reply. One interesting issue is access to US public markets, which is critical, as you noted. Miners can still be headquarted in the US and can still be publically traded on US exchanges and access US capital markets without actually mining in the US.
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