The key is to monetize location independent cheap renewable energy. We have abundant sources but they are not co-located with population centers (that mostly formed around sea ports before the electric age).
Bitcoin hunts for and monetizes the cheapest most stranded electricity. Expensive urban carbon sources are steadily priced out. Every new renewable plant can co-locate a portable bitcoin miner and pay for itself. The implications are huge. Self bootstrapped renewable cities & business centers. Petrodollars simply cannot compete with this model.
We have carbon coin right now. Currency is rooted in the energy it incentivizes (not what it disincentivzes, ie a tax). Petrodollar -> petroleum, BTC -> location independent cheap energy (ie renewable). Cheap energy incentives are baked into bitcoin's core monetary policy unlike any other currency.
Just a thought - as the world tilts to clean energy, batteries and distributed utility; all of which are tech driven, deflationary & largely US centric - there will need to be new US geo-political intervention to ensure the US$ is kept afloat - especially in the wake of all this QE. Thoughts?
Keen to hear more about your thoughts on BTC from currency point of view, would you be keen to be a guest speaker some time for a crypto study group? https://discord.gg/7KNfKPfth2
The key is to monetize location independent cheap renewable energy. We have abundant sources but they are not co-located with population centers (that mostly formed around sea ports before the electric age).
Bitcoin hunts for and monetizes the cheapest most stranded electricity. Expensive urban carbon sources are steadily priced out. Every new renewable plant can co-locate a portable bitcoin miner and pay for itself. The implications are huge. Self bootstrapped renewable cities & business centers. Petrodollars simply cannot compete with this model.
We have carbon coin right now. Currency is rooted in the energy it incentivizes (not what it disincentivzes, ie a tax). Petrodollar -> petroleum, BTC -> location independent cheap energy (ie renewable). Cheap energy incentives are baked into bitcoin's core monetary policy unlike any other currency.
Absolute master piece. God speed!
Just a thought - as the world tilts to clean energy, batteries and distributed utility; all of which are tech driven, deflationary & largely US centric - there will need to be new US geo-political intervention to ensure the US$ is kept afloat - especially in the wake of all this QE. Thoughts?
Wow. Just wow
Keen to hear more about your thoughts on BTC from currency point of view, would you be keen to be a guest speaker some time for a crypto study group? https://discord.gg/7KNfKPfth2