The only reason P/l statements exist wrt bitcoin #miners is due to dollar denomination.
#Bitcoin has no production cost and no profit or loss, only energy inputs that get expressed via encapsulated absolutely scarce time.
The pseudo-dollar-denominated capital gains from a unit's increased value is its storage of purchasing power denominated in absolute time.
lisa hough / Lisa Hough
npub1r5…h9pgs
2023-07-14 14:17:00
Author Public Key
npub1r526lguznz3txn0uf7x0an2vymtp8zu5cprmkf84reht3p7j27asmh9pgsPublished at
2023-07-14 14:17:00Event JSON
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"content": "The only reason P/l statements exist wrt bitcoin #miners is due to dollar denomination. \n\n#Bitcoin has no production cost and no profit or loss, only energy inputs that get expressed via encapsulated absolutely scarce time. \n\nThe pseudo-dollar-denominated capital gains from a unit's increased value is its storage of purchasing power denominated in absolute time.",
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