Sat O’Shea (@SatOShea) header
Sat O’Shea (@SatOShea) profile picture

homo sapien, dad, #btc, $mstr, amateur historian

Ireland
Joined January 2009
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Why it matters beyond Bitcoin: curtailment rises as wind build-out outpaces the grid. EirGrid has said surplus renewable generation could exceed 20% of available capacity by 2030 absent further flexibility. Flexible demand is one lever, alongside storage and interconnection. It also runs into private wires, grid access, and how renewable support schemes are designed.
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We've just published this in Energy Economics: Sarnecki, M. & Burke, N. (2026). "Bitcoin Mining as Supply-Side Flexibility in Irish Wind Energy Integration" In 2024, EirGrid dispatched down 10.1% of Ireland's available wind. In 2025, 11.4%. That is clean power we could have generated but were not able to use. Can a co-located Bitcoin miner turn some of it into revenue? Paper below 👇
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Replying to @LawrenceLepard
For years, critics could get away with dismissal because Bitcoin was still climbing the wall of disbelief. Their “innocents will be hurt” line was a shield, buying them time to stay inside the collapsing fiat frame while looking morally superior. But that shield is breaking. Why? Because the narrative has inverted. The “innocents” aren’t being hurt by Bitcoin speculation - they’re being hurt by not having Bitcoin. Every day they remain in fiat, they bleed purchasing power, savings, and dignity. The electrician Lepard mentions is living proof that Bitcoin isn’t theoretical - it’s the survival exit. This is why his patience is gone. The critics aren’t harmless skeptics anymore - they’re obstructors of exit. They aren’t debating asset prices - they’re keeping working people trapped in a burning building while pretending to warn them about the fire escape. Lepard is saying out loud what many of us already know but don’t fully articulate yet. The era of tolerance is over. The phase where skeptics could posture without consequence is closing. From here on, every attack on Bitcoin is functionally an attack on people’s right to escape systemic theft. Bitcoin just shifted from an economic debate to a civilizational morality line.
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The apparent stabilisation of bitcoin’s value is likely to be an artificially induced last gasp before the crypto-asset embarks on a road to irrelevance. #TheECBblog looks at where bitcoin stands amid widespread volatility in the crypto markets. Read more ecb.europa.eu/press/blog/dat…
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Sat O’Shea retweeted
This piece by the @irishexaminer was published on the same day as Vice-President Vance told a Bitcoin conference in Vegas that Bitcoin has become a strategically important asset for the US. Monetary Darwinism at play, and the gap opening on both sides of the Atlantic is scary.
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Is Bitcoin a Sound Punt? Check out our short paper explaining why Ireland should take an interest in the evolution of global, neutral money. Share with your friends, family and colleagues! Link in the post below.
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Credit to @griptmedia and @john_mcguirk for publishing this piece. Bitcoin can be unnecessarily divisive, but at the core it is ultimately an inclusive technology which empowers the individual. The Overton Window is broadening. Perhaps not quite Esperanto @davidmcw!
RICHARD O'HAGAN: 13% of Irish adults own cryptocurrency. With BTC surging past €100,000, it is clear that efforts to kill it have failed. Ireland could take advantage of what is "the most significant monetary shift since the end of the Gold Standard." gript.ie/o-hagan-bitcoin-her…
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Sat O’Shea retweeted
And we’ll dilute that thing like there’s no tomorrow 😂
El Salvador discovered $trillions of gold deposits that when mined will massively dilute the above ground supply of gold. This can’t happen with Bitcoin because the code is open source, anyone can run a node to see that there will never be more than 21 million BTC, and new issuance gets cut in half every ~four years. Goldbugs despair
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Replying to @adrianweckler
Hi Adrian, I’m a little disappointed I haven’t heard back from you regarding my DM about discussing the difference between Bitcoin and "crypto" on your show. The key focus of the discussion would be this: why does Bitcoin keep recovering from every so-called "death" notice? It’s because there’s ultimately an underlying value for the participants. In contrast, every "crypto" coin that has emerged since Bitcoin has eventually been exposed as an affinity scam - a centralised venture capital play designed to pump and dump on retail investors. These coins inevitably trend toward zero against Bitcoin because they lack any genuine value proposition. So, where does Bitcoin’s value come from? •The fixed 21 million supply cap. •The simple protocol design. •The Proof of Work (PoW) system, which has enabled Bitcoin to become the only truly decentralised digital currency, which enables robust security rooted in expended energy (and helping renewable energy), ensuring equal opportunity for anyone who wishes to participate in the network. As Bitcoin enters another cycle of growth, our (BNI's and the broader Bitcoin community's) priority is to help the public understand this value proposition and avoid being scammed by "crypto" projects. Is that not a reasonable goal? Here’s a quick thought experiment: consider the mechanics of a crypto Ponzi scheme. Founders issue themselves a massive supply to start, then hype up the project, attracting new participants. As the hype peaks, those in the know quietly exit, cashing out at their "pump" targets. Those in the know become *less* committed to it with time. Bitcoin, however, is fundamentally different and the evidence is clear - those who truly understand Bitcoin’s value proposition grow *more* committed to it over time, not less. At the bottom of every market cycle, Bitcoiners remain steadfast, holding their positions because they grasp the long-term value of the network. This behaviour is the polar opposite of "crypto" schemes. Let me know if this resonates at all with you and whether we can explore it further on your show. Thanks, Niall
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ECB bombshell: On Nov 4—the night of US election—the authors of the highly aggressive anti-#bitcoin paper softened the language in their concluding paragraph: In the original it said: "Current non-holders should realize that they have compelling reasons to oppose Bitcoin and to advocate for legislation against it, aiming to prevent bitcoin prices from rising or to see Bitcoin disappear alltogether." That sentence now reads: "Current non-holders should realise that they have reasons to worry about Bitcoin and legislation favoring it." Also the last sentence was altered, leaving out the words "implying wealth redistribution". A remarkable change on such a pivotal moment in history. Were the authors instructed to make these edits by ECB top brass, once it became clear that Trump's pro-bitcoin team was winning the election? Credit goes to @snipMister81 for noticing.
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Sat O’Shea retweeted
This is a truly extraordinary thread from an advisor to the @ecb. The logical inconsistencies are impressive. To mention just 2: 1. Bitcoin is probably a speculative bubble that will burst, but if for whatever reason it doesn't and keeps going up in value, that is unfair. An impeccably hedged argument 😄 Sounds like it works like every other financial asset to me. But even better: 2. Bitcoin is threatening to subvert democracy by.........people voting for things they like (in other words democracy). Parody has no place in a world offering this.
1/ The debate over Bitcoin’s utility and sustainability began already with Nakamoto’s 2008 work. Many economists see Bitcoin as a speculative bubble that will eventually burst, leaving behind substantial social damage amid its high energy use and facilitating illicit payments.
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Replying to @InternetH0F
In Germany, the phrase is: 'Ich fühle mich jetzt genug besucht. ' It means 'I am feeling visited enough', and apparently people can say it as a way to indicate openly that they want you to leave their home.
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Replying to @MarcPColeman
How do we stop it though? I'd be interested what you had to say about an article I wrote: gript.ie/broken-money-and-ir…
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Read and share our latest article responding to the European Central Bank's flawed approach to discussing #bitcoin. We dive into a recent speech by Fabio Panetta and explain why the @ecb's approach isn't objective or well reasoned. Brief 🧵 👇 bitcoinnetwork.ie/a-response…
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We want to stimulate a more thoughtful and nuanced discussion about the money we all use, and how it can be improved. Read our open letter, share it with your friends and family, and let's get the conversation going: bitcoinnetwork.ie/our-open-l…
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Sat O’Shea retweeted
I’m Irish.
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