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Nicholas · 105w
Energy is unlikely to trend to zero or anything close to it over the next decade. Energy shortages are coming. In a bitcoin only world, it’d be interesting to see if with less capital misallocation...
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Jeff Booth @Jeff Booth
Measure energy in #Bitcoin price versus the price measured in debasing currencies and you will see the trend to energy abundance.

Abundance in money creates scarcity and scarcity in money creates abundance. (Because the free market is far more effective at solving problems that misallocation of capital to “solve” the problem a centralized system is creating)
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Nicholas · 105w
I can see the logic in the second paragraph. In the first paragraph, it is only true because Bitcoin is getting monetized by a less superior form of money (fiat), but energy costs in and of themselves are increasing over the next decade or more globally (before innovation ultimately brings it dow...