"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."
