Bitcoin vs Copper, the last ten years and the road ahead
What would you do if you have been mining copper for the last 10 years and see some new digital precious metal that has been gone up 5500 times more than the copper you have been mining?
Looking closer, you find out that :
- you can start mining this 'digital precious metal' with the cheap electricity that you have been using for copper mining
- this metal has a difficulty adjustment algorithm that ensures even if many new miners join the network, the supply of bitcoins doesn't impact the supply. In the commodities mining space miners over mine and pile of stock of new commodities hence making the price dump. For instance the aluminium boom in China
- Unlike traditional metals, this 'digital metal' only requires internet to be transported and sold to USD or whichever currency
- This metal can be mined near hydro-plants inside mobile containers hence avoiding power failures and costs through transmission
- This metal is censorship resistant
- You can expose 2% of your capital to mine this digital metal and find out
Looking closer, you find out that :
- you can start mining this 'digital precious metal' with the cheap electricity that you have been using for copper mining
- this metal has a difficulty adjustment algorithm that ensures even if many new miners join the network, the supply of bitcoins doesn't impact the supply. In the commodities mining space miners over mine and pile of stock of new commodities hence making the price dump. For instance the aluminium boom in China
- Unlike traditional metals, this 'digital metal' only requires internet to be transported and sold to USD or whichever currency
- This metal can be mined near hydro-plants inside mobile containers hence avoiding power failures and costs through transmission
- This metal is censorship resistant
- You can expose 2% of your capital to mine this digital metal and find out
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