Bitcoins price is primary moved by the cash settled futures market (CME) - like most other commodities. Its barely correlated to tether printing and anyone who actually follows crypto markets knows that.
The bitcoin reward also halves every 4 year, so even if price continues to appreciate, the effect is evened out by the fact that less is created every block over time.
Lastly, bitcoin mining to could sustained solely by using stranded energy, which would otherwise be unused. Flared gas in texas, for instance, could provide more power than the network currently uses. There is no reason bitcoin mining has to take power from anyone, and it will trend this way over time because the economics are in favor of finding the cheapest power source.
You are completely ignoring the fact that even if connected to the grid all power grids are structured to meet peak demand, and that there will always exist periods of excess power which, until bitcoin, had to go to ground.
Bitcoin makes use of energy that would otherwise be unused.
It would not. Hardly anyone mines in Europe. Ironically power shortages are due to ESG initiatives that phased out power stations using fossil fuels and left unreliable power sources of wind and solar
Lightning channels are addresses owned by multiple parties where you pass around signed transactions that could be settled on chain at any time, but you choose not to because there is no need to.
When you want to settle everything, instead of submitting all the built up transactions, you can just make a single tx instead settling the final balance.
It would be like if you sent me a $5 check every day of the month, and at the end of the month I agreed to tear them all up if you just wrote me a check for $150 instead. The analogy is still poor cause a check can bounce, but theres no good way to cheat in this system.
Not sure what the norm is, but for me exercise is a totally solitary activity. I live in the middle of nowhere and run every day the weather permits. I do long hikes on weekends when I don't work.
> It almost doesn’t matter which power plant they’re closest to because we have a power grid that ties everything together. This idea of miners being isolated from the grid and consuming clean energy that would otherwise go to waste is pure myth.
It's not a myth it's exactly what happens. Stranded power is a real thing and not every country has the same power grid infrastructure that the US has.
As soon as China actually built out a high voltage grid that can make use of some of their stranded power they kicked out the miners, who moved to other areas with near free power.
Anyone who knows the crypto industry knows many exchanges fake volume and companies like CoinMetrics reduce the noise to get better figures on the actual nature of transactions and liquidity in the industry.
Nic Carter knows the data is bullshit because he has a company that specializes in proving such things.