https://x.com/Chronotope/status/1828785701732663335

Crypto miners are being paid not to mine to ease energy production/consumption cycles.

Related to protection money for the mob

re: https://x.com/curious_founder/status/1828511303788322888/photo/1 on The Economist's article about crypto mining in Texas o/a 2024-08-27

Dem Global Energy Monitor zufolge sollen in den kommenden Jahren 1,5 Billionen Dollar in LNG Terminals und Pipelines investiert werden. 20% dieser Summe sind für Europa geplant und hier wiederum ein großer Teil für Anlagen in Griechenland. Die USA lobbyieren in Mittel- und Südosteuropa intensiv, um ihr LNG dort zu verkaufen. Der subventionierte Aufbau von Gasinfrastruktur übersteigt den europäischen Bedarf bei weitem. Reportage in der New York Times zum Gasboom in Griechenland. https://www.nytimes.com/2024/05/31/climate/greece-europe-natural-gas-lng.html

Link to: https://hypothes.is/a/lV19ytGBEe2ynWMu34UKUg

This depreciation is done at the lowest level of exchange and caused the system to collapse rather quickly. What level is our current exchange done at such that the inequalities are pushed up multiple levels making the system seem more stable? How is instability introduced? How could it be minimized?

Our current system is valued both by time and skill (using the measure of payment per hour).

Compare this with salespeople who are paid on commission rather than on an hourly basis. They are then using their skill of sales ability and balancing time (and levels of chance) to create their outcomes, but at the same time, some of their work is built on the platform that sales management or the company provides. Who builds this and how do they get paid for it? Who provides sales leads? How is this calculated into the system costs?

How do these ideas fit into the Bullshit Jobs thesis?

PANDEMIC SHOCKS, FINANCIAL INSTITUTIONS, MARKETS AND BEHAVIOURS Tickets, Tue, Dec 15 2020 at 17:00 | Eventbrite. (n.d.). Retrieved March 5, 2021, from https://www.eventbrite.it/e/biglietti-pandemic-shocks-financial-institutions-markets-and-behaviours-131361717433?utm-medium=discovery&utm-campaign=social&utm-content=attendeeshare&aff=estw&utm-source=tw&utm-term=listing#

Fahlenbrach, R., Rageth, K., & Stulz, R. M. (2020). How Valuable is Financial Flexibility when Revenue Stops? Evidence from the COVID-19 Crisis (Working Paper No. 27106; Working Paper Series). National Bureau of Economic Research. https://doi.org/10.3386/w27106

Mitchell, O. S. (2020). Building Better Retirement Systems in the Wake of the Global Pandemic (Working Paper No. 27261; Working Paper Series). National Bureau of Economic Research. https://doi.org/10.3386/w27261

Wagner, A. F. (2020). What the stock market tells us about the post-COVID-19 world. Nature Human Behaviour, 1–1. https://doi.org/10.1038/s41562-020-0869-y

Real interest rate = interest rate - inflation