Ultimately, no pubco mining company can resist the investor push toward AI. Profit margins, profit margins, profit margins.
David Graeber on how to trigger Bitcoin Twitter during a bear market: "Then there's also libertarian socialism, which means the democratic control, not by the state, but by communities or by workers, self organizing in a voluntary fashion--that's genuine socialism in my opinion."
RIP David Graeber.
Did you miss this? BM republished it this week. Tortured myself so you wouldn't have to.
More on the AI-bitcoin mining merger front. Looks like most of the pubcos are at some stage of incorporating HPC/AI services.
Cypherpunk desires.
This reads a bit like an advertisement, but interesting nonetheless regarding the claims on energy use reduction. Of course, Marathon/MARA have their own dual-immersion cooling system called 2PIC that is also compatible with AI servers. I am really curious to know how MARA's compares.
For all those crying, "communism is coercion", "communism is authoritarianism", let me introduce you to Peter Kropotkin. Kropotkin was a zoologist and advocate of decentralized communist societies, a.k.a, anarcho-communism. Here's an LLM-derived short biography. Peter Kropotkin (1842-1921) was a Russian geographer, zoologist, and one of the most influential anarchist thinkers. He is best known for his advocacy of anarcho-communism, a form of communism that emphasizes the abolition of the state and capitalism in favor of a decentralized, stateless society where resources and goods are communally owned and managed. Kropotkin's vision of society was rooted in mutual aid, voluntary cooperation, and the belief that human beings are naturally inclined towards solidarity and communal living. Kropotkin argued that centralized state power and capitalism inherently create inequality, oppression, and conflict. Instead, he proposed decentralized communities, where local groups or communes would manage their own affairs, making decisions through direct democracy and consensus. These communities would cooperate with each other in a network, exchanging goods and services based on need rather than profit. By removing the hierarchical structures of state and capital, Kropotkin believed that individuals could freely associate and work together for the common good, fostering a society of equality, freedom, and mutual support. In summary, Kropotkin's advocacy for decentralized communist societies involves dismantling both the state and capitalist systems, replacing them with self-managed, cooperative communities that operate on principles of mutual aid and shared resources. This vision aims to create a society where individuals have autonomy and equality, and where the social fabric is strengthened through collaboration and collective responsibility.
β€œDouble, bubble, war and rubble, When you mess with women, you’ll be in trouble. We’re convicted of murder if abortion is planned. Convicted of conspiracy if we fight for our rights. And burned at the stake when we stand up to fight.” – W.I.T.C.H. Hex, 1969
Pubco bitcoin miners are still feeling institutional pressure regarding AI. Maybe pressure isn't the right word, but the desire to use existing mining sites for AI is very strong, which means that rather than growing mining, that might stay at the same capacity while new machines are AI-purposed.