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Yeah, he also stated it as a fact that that one corp lost billions because of the fake insulin tweet in amother video. Still, the largest part of the video makes sense to me. Mining corps pumping investor money into ASICs are literally burning money, you can’t mine Bitcoin faster by buying more hardware and the only way this ends is by everyone going bankrupt and the last corp standing then consolidates most of the Bitcoin hashrate by buying all of its competitors assets for pennies on the dollar.
Yeah, he also stated it as a fact that that one corp lost billions because of the fake insulin tweet in amother video. Still, the largest part of the video makes sense to me. Mining corps pumping investor money into ASICs are literally burning money, you can’t mine Bitcoin faster by buying more hardware and the only way this ends is by everyone going bankrupt and the last corp standing then consolidates most of the Bitcoin hashrate by buying all of its competitors assets for pennies on the dollar.