Bitcoin Power the Energy of Money
The energy sector is seeing a complete paradigm shift:
- Bitcoin’s monetary network effect
- Monetization of energy
- Leads to an arms race of energy tech becoming more and more efficient and productive
- Cheap energy production allows for cheap energy utilization
- Cheap energy utilization allows for cheap manufacturing, mineral mining and product R&D
Ripples and splashes are being made in the financial realm. Since its entry onto the world stage, the Bitcoin network has been growing. With each addition to the horde of nodes and miners that are scattered across the globe, Bitcoin continues to dig in. Supplying the world with a financial vehicle that provides solutions to the failed experiment that is Keynesian economics, inflationary monetary policy, savings, and it cannot be forcibly removed from an individual or entity. If you can’t see the value there, then I won’t hold you.
Fixing money fixes the world. Fiat currencies have allowed a disease of the mind to proliferate. That disease is living beyond our means. With the popularity of this false currency, companies and individuals are incentivized to spend more than they earn. We are at a time in history where companies that earn little to nothing are being valued higher than those that turn a legitimate profit. And that is just from the monetary side. Social media has seen a rise in popularity for groups and individuals to go into debt to simply project a life of luxury and excitement, while the reality is the opposite. Luxuries and services supplied by debt get rapidly destroyed when reality comes knocking and the bill is due.
Bitcoin’s hard money philosophy rewires the thought processes of those that turn to using bitcoin as a savings vehicle. The individual begins to worry less about impressing those around them and narrows their vision onto purchases that provide the most utility and value to their life. Frivolous spending becomes a practice of the past, as they focus more on stacking, saving and building their financial independence. For without financial independence, you are also without true freedom.
Bitcoin Mining and Energy Production
Bitcoin mining is energy intensive — this is true.
Is there anything that isn’t, though? Consider the amount of energy that gets expended mining gold from the earth. The amount of fuel and power utilized to power the mining industry, that is also tearing up our planet , all to acquire a heavy substance. What about the energy that gets used in the refining process? Then the transportation, packaging and shipping said gold across the world. What of the energy dedicated to handling the paperwork of this whole process? Those are man hours that somebody is paying for.
Bitcoin has come under recent fire via energy utilization moralization.
Are we guilt-tripping anyone that is using up energy to watch Netflix in their free time? Or what of those individuals playing video games? Are we considering the amount of energy that gets wasted…
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