Well, well, well….we did it folks!
We called almost exactly what was happening!
Elon Musk finally spoke with Jack and Cathie Wood at the B-Word conference Wednesday & like
predicted it was good for Bitcoin & the cryptocurrency industry as a whole.
Well Chico is never done trying to figure out the things that others miss because our
brain lives in the future!
So get ready to time travel...because it’s time for Chico Crypto!
Well to travel into the future, you gotta look to the past first!
As little sense as that makes…but we gotta go back to B-Word and replay what was said
by Elon.
And beginning with the cryptocurrencies he owns!
Bitcoin is owned by Elon, Tesla, and even SpaceX...which is the shocker!
SpaceX has Bitcoin on it’s balance sheet!!
So this is important because getting involved with the asset with each of his companies
means he has an eventual plan for it with each, SpaceX and Tesla and will use company
resources for that plan!!
And to confirm why this is the case...we gotta go back further in the past.
To February of 2019, when he was on the Ark Invest Podacst with coincidentally Cathie
Wood who was with him at B-Word!
Lets listen in to Cathie’s question and Elon’s answer…
February 2019, Elon’s thoughts?
Not good use of Tesla resources to get involved with Bitcoin as it’s too energy intensive!
Well he got involved while Bitcoin was still Energy intensive!
So what Tesla resources could be getting put towards Bitcoin!?
Well of course Tesla solar systems, down to the Tesla Powerwalls are going to have the
ability to mine Bitcoin and possibly other cryptocurrencies.
The proof is in the pudding too!
April 21st, Ark Invest lead researcher Brett Winton posted this Medium post “Solar +
Battery + Bitcoin Mining” and in it they say “With bitcoin mining integrated into
a solar system (solar + batteries) however, we believe energy providers — whether utilities
or independent entities — could play the arbitrage between electricity prices and bitcoin
prices, as well as sell the “surplus” solar and supply almost all grid power demands
without lowering profitability.”
Hmmm..big dogs like utilities of independent entities like Tesla Solar system owners!
But down in the section: Design and Implementation proof of concept they use a certain city for
the data.
Austin Texas!
Isn’t that just convenient, Tesla’s new gigafactory was chosen to be built in Austin
Texas, and it’s getting close to starting production.
And just this month, a couple weeks ago it was announced that Tesla was launching the
first “solar neighborhood” in Texas, which would be fully powered by Tesla Energy’s
products.
So the question with Ark’s research from Brett...why specifically only Austin!?
Why not use average energy data from across the United States…
Well let’s continue.
As we can see the Blog piece from Brett was posted April 21st.
That same day Brett posted a tweet thread that said “I have solar.Installed by Tesla
since January.Hasn't generated a single watt-hour.
Waiting for utility to approve the connection.”
He continues “Attach bitcoin mining and sell into fiat, and the solar could have (probabilistically)
generated $1,500 over this 3 months but instead has lain idle.
Compare to $17k for the full cost of the system (and $20k accommodating a right-sized miner.)
The system hasn't yet generated a watt-hour *and* I haven't yet paid a penny; Tesla won't
collect until the system is allowed to begin generating power.(Put another way, I paid
for this friction on the higher upfront cost required to pay back Tesla for its cost of
capital.)
Now imagine if Tesla had sold in the solar and battery system coupled with the bitcoin
miner.
Prior to interconnect approval the system could operate closed loop against the miner;
after interconnect the dispatch algorithm would optimize between revenue per hash and
the grid.
This math is all very rough (obviously) but the product-opportunity is there (and obvious.)
Elon replied to Brett if he bought a powerwall, explaining how permission isn’t usually
required for filling up a powerwall battery!
Although once it's full, and it needs to flow back to the grid...permission is still required.
Well this prompted Elon to do something...Literally, the same day, right after this conversation
with Brett...Elon announced this “Starting next week, Tesla Solar Panels & Solar Roof
will only be sold as an integrated product *with* Tesla Powerwall battery” and below
he said with coming updates and depending on Powerwall producing date, there could be
a 50 percent power increase for the Powerwall!”
Powerwall is now a staple of the Tesla solar systems.
It’s an integrated piece and power flows exclusively to it...and soon 50 percent power
increases!!
Power increases for what??
Bitcoin mining??
Well some suspicious things happened just after this too!
April 30th, the spec sheet for the upcoming Powerwall Plus was leaked.
From the sheet and in key features it says “integrated soft starter capable of powering
motors and air conditioning units” hmm but maybe also capable of powering an ASIC or
GPUs for mining!
And then right after this...May 24th, Tesla announced updates to the Powerwalls for easier
and better integration with the VPP Virtual Power Plant Program!!
The VPP is when customers interconnect together, usually neighborhoods like the one being constructed
in Austin, and they become a power plant itself.
But VPPs can be bigger including utility sized battery projects.
Now let’s just listen to Elon reply at B-Word to question, about how the industry (BTC)
can accelerate the transition
to renewables!
He mentions specifically the powerwalls, he mentions utility scale projects.
Including Australia’s largest battery, hornsdale power reserve... which uses Tesla Autobidder….*Cough
Cough...Energy Web…but the questionnaire also asked about Starlink...how could that
be getting involved with BTC!?
Well we will find that out in a second, but first it’s time for a sporsed segment of
this video, supported by the team over at Unilayer and like always the full details
of our agreement are below!
Unilayer should ring a bell because I last covered them in a segment a few months ago
and shared a little tip if you picked up some of their token, $LAYER, you would be eligible
to receive a free airdrop of $MAKI… the governance token for UniLayers newly launched
AMM and Yield Farm, MakiSwap…
So, quick refresher…
UniLayer is a DeFi trading platform built on top of Uniswap that enables key features
for professional-level trading!
Focusing on automated swaps and liquidity management.
Also staking, farming, charts and analytics, live order books, a DEX aggregator and so
so much more --
And with a mission like UniLayers to bring blockchain Interoperability between Ethereum
and the other smart-contrat platforms they couldn’t stop with just building great tools
on top of UniSwap…
Unilayer was able to raise $1.4 million in seed money and private funding, from some
of cryptos top venture funds, which as we can see from the bottom of Makiswap’s website,
some top names!!!
With the money they built the most robust and feature-rich automated market maker exchange
and yield farming platform in all of DeFi… launching in May as the first dedicated AMM
and Yield Farming platform on Huobi Eco Chain ,with plans to the launch on other platforms
like DOT, BSC and a lottery system using Chainlink VRF on Polygon very, very soon…
And you gotta understand, this is no regular simple copy-cat of UniSwap like Pancake Swap
or any other DEX you see…
MakiSwap is revolutionizing the way we perceive and use DEXs by including all the powerful
tools Unilayer built for Uniswap… and integrated them natively within MakiSwap… one of the
most important and useful features users will get to experience very soon is the limit and
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And right now is a great time to learn about MakiSwap because their Yield Farm opportunities
reminiscent of the APY’s of last years DeFi summer... and MakiSwap has reserved a huge
allocation of their token supply dedicated to farming!
Although don’t worry, if you didn’t get any of those free MAKI airdropped tokens...you
can pick some up on several exchanges found in the Markets section of their CoinGecko…
or better yet, head on over to the MakiSwap DEX and buy them there!
So if professional trading tools, and a revolutionary swapper fits your fancy links for everything
Unilayer and Makiswap are below!
Now let’s get back to starlink and what it could be doing with Bitcoin!
Elon talked about this in reply to a suggestion from the moderator.
Let’s listen in..
Which I kind of predicted in a stream where I predicted the Doge-1 satellite launch...before
it happened!
May 8th.
So Bitcoin, Ethereum, and Dogecoin Miners in space?
Highly, highly possible and very likely now…
So remember….the greek space coins!?
Xi protocol, Gamma, Beta, Kappa and Rho!?
Wel...these are a part of that Doge-1 mission!
Geometric Energy Corp, GEC is behind them and they are partnered with SpaceX!
Lot’s of mystery behind this satellite rocket launch...but could it be a proof of concept
for what Elon was talking about!?
Only time will tell..the countdown is on.
Cheers I’ll see you next time!