@Jeff Booth Jeff Booth, a question about your technological deflation thesis.

If technology drives the cost of producing energy toward zero, what exactly is the unit of account?

Are we talking about energy becoming cheaper in Bitcoin terms, or the actual physical energy required to produce usable energy approaching zero?

And if Bitcoin’s proof-of-work security depends on expending real energy, how do these two ideas fit together?

I’m curious how you reconcile monetary deflation with the physical economics of energy production. #bitcoin