Tuesday, August 10th 2021 - Issue #1052

Free men don't ask permission

Look at the picture above. This is a picture of Great American Mining's latest deployment of mining containers in North Dakota as part of our partnership with Fortress Technologies. These containers are utilizing more than 2 megawatts of electricity and ~433,000 cubic feet of natural gas per day that would have otherwise been completely wasted via flaring. In the process, the producer we're buying the gas from is now more profitable and they are able to avoid any regulatory repercussions that come with flaring too much gas. In return, we are driving our costs of electricity to a very competitive rate and reducing the political risk of our operations by using non-rival energy.

The natural incentives of the market have created a beautiful symbiotic relationship between Great American Mining and the producer we are purchasing the gas from. The byproduct of this symbiotic relationship is a significant reduction in waste and methane leak. No need for government mandates, subsidies, or ESG initiatives. Just an entrepreneurial opportunity and execution. Free men coming together to solve two big problems that exist in the market; reducing natural gas waste and fugitive emissions, and finding a way to mine bitcoin as cheaply as possible.

Imagine letting the Federal Government shut this down. Imagine being that stupid. Imagine being that weak. Imagine being that shortsighted. Imagine allowing this opportunity to be denied because a bunch of Boomers don't understand technology.

We won't let it happen. A beautiful future depends on it and it won't be prevented by a signature placed below a bunch of words written by lobbyists representing the industries set to be disrupted by Bitcoin.

Free men don't ask for permission. They do what they know is right. There is no doubt in my mind that what we do at Great American Mining is just and virtuous. I won't stand by and let a bunch of geriatric puppets ruin an opportunity for me, my co-workers, our families, and future descendents. The time for civil disobedience in the face of abject tyranny is nigh.

Final thought...

I do not miss New York.

Share

Forward

Hope you enjoyed today's issue. If you have any friends that are looking to find out more about Bitcoin have them sign up for this newsletter here:

Get Ƀent

Ƀent noun 1. direction taken, as by one's interests; inclination.

Thanks for reading Marty's Ƀent, a daily newsletter containing all the information I found interesting in the Bitcoin world in the last 24 hours.

Marty's Ƀent - August 10th, 2021 - Issue #1052

Free men don't ask permission

Older messages

Marty's Ƀent - August 9th, 2021 - Issue #1051

The Sat Standard - Bitcoin Weekly - August 7th 2021

Marty's Ƀent - August 6th, 2021 - Issue #1050

Marty's Ƀent - August 5th, 2021 - Issue #1049

Marty's Ƀent - August 4th, 2021 - Issue #1048

You Might Also Like

Texas doubles down on crypto with new $250 million Bitcoin reserve bill

How-ey Can Get Out of Here

February CEX Data Report: Significant Decline in Trading Volume Across Major CEXs - Spot Down 21%, Derivatives Dow…

El Salvador defies IMF, continues Bitcoin purchases amid market downtrend

🖊️ Trump signed an Executive Order for a US Strategic Bitcoin Reserve; Cronos proposed to reissue 70 billion CRO …

Vitalik TAKO AMA: ETH Positioning, Sequencer Centralization, L1 vs L2, Governance, and Success Metrics

Donald Trump Creates U.S. Bitcoin Reserve

Bitcoin’s realized volatility surges in as traders face extreme price swings

Asia's weekly TOP10 crypto news (Mar 3 to Mar 9)

Trump declares end to ‘war on crypto,’ vows to propel America to Bitcoin supremacy