We used to be a just society
We used to have social contracts to protect the helpless
We used to be able to speak freely
The world is out of balance. Our humanity is at stake
We have entered a new energy arms race where AI, Bitcoin mining, and geopolitics collide to fuel the greatest buildout of power infrastructure in history.
It's the Golden Age of energy production:
- The capital being funneled into datacenters will be a boon to energy abundance. More nuclear will be built (geopolitical pressures are reversing the pendulum swing). Drill baby drill for oil: regulations will become more favourable for fossil.
- Bitcoin miners walked so AI could run (by building out sites over the last 5 years).
- Infrastructure remains a challenge wrt bottlenecks in permitting, transmission, and construction will limit how fast it can actually be built.
AI is coming for our jobs and our energy:
- AI is power-hungry and well capitalized. It's outcompeting miners for energy sites, miners are diverting infrastructure to AI, & more mining power contracts will be broken.
- AI hyperscalers are the new energy barons. AI demand will drive more new energy capacity over the next 5 years than most traditional sectors did in the last 3 decades.
Bitcoin Mining is the pioneer species accelerating energy abundance:
- Miners will move to the edges (geographically and wrt energy sources).
- Full stack miners with integrated energy are better positioned in developed countries.
- Miners will build out and shore up infrastructure in developing countries, like they pioneered sites here for AI.
