Bitcoin
3 unrolled threads about bitcoin, each one readable on a single page.
Jake Chervinsky@jchervinsky1/ Grayscale's victory over the SEC is *massive.* It's very rare for a federal circuit court to find that an agency has violated the APA by acting arbitrarily and capriciously. The DC Circuit just d...
SummaryGrayscale won a major court victory against the SEC over its spot bitcoin ETF proposal, with the DC Circuit ruling the SEC acted arbitrarily in rejecting it. While the court didn't approve the ETF yet, it forces the SEC to reconsider, and political and legal pressure suggests a spot bitcoin ETF approval is likely coming soon.Aug 29, 20238 tweets♥ 4.8K
Level39@level39🧵THREAD: As energy grids adopt a greater percentage of intermittent renewables, more power must be absorbed by demand response loads. Prices act as signals help balance the grid, #Bitcoin mining prof...
SummaryBitcoin mining can function as a flexible demand response technology that stabilizes modern power grids by absorbing excess renewable energy when prices are low and rapidly turning off when grid demand is high, similar to noise-cancellation technology. This capability could monetize stranded and pilot renewable energy sources, making it economically viable for grid operators to deploy flexible generation like nuclear and hydro power.Jul 17, 202231 tweets♥ 2.1K
TechDev@TechDev_52