Cryptocurrency: Steel and Nuclear Energy

[grarpamp]

"This is why we need to get rid of the dinosaurs in charge. Steel is
just another boring 4,000-year-old technology controlled by the 1%.
Steel has no more intrinsic value than fiat does, and is hardly as
scarce as Bitcoin — anyone can make an infinite amount of steel by
simply mining ore, extracting the iron, and mixing it with carbon at
2600°F, while on the other hand only 21 million bitcoin can ever be
minted. Steel molecules are all exactly identical, whereas each
Bitcoin key has a unique 256-bit string. Steel eventually corrodes
into useless rust, whereas crypto is digital and cannot be destroyed
due to unique principles of the blockchain. The steel industry
generates about 8% of global CO2 emissions, whereas Bitcoin only
generates about 0.08%. The price of steel has only roughly doubled
since 2010, whereas the price of Bitcoin, even factoring in the
current crypto-winter, is 219,533 times higher. Do you seriously think
the future is built on ancient metal, or on blockchain? Educate
yourself."

"PoW will be building their own nuclear power plants. The incentives
are heavily aligned. The money will flow. Expect this."