Eurico Vianna on Nostr: "Money is a claim on energy. Debt is a claim of future energy" (Bio-Economist Nate ...
"Money is a claim on energy. Debt is a claim of future energy" (Bio-Economist Nate Hagens)
Energy is deifned in phisics as the capacity for doing work.
BTC's increased demand and value at the moment is funded with FIAT money in the debt economy.
How is BTC going to keep its value, as a "digital gold" or its utility as a local and descentralised currency, when we don't have enough energy in the system to claim and transform all this value in work?
Of course we need a descentralised and P2P economic system, but how is BTC going to work witin the energy descent scenario we're in?
Folks, please forgive my BTC newbie questions, but I work with rural people and still don't feel confident that I should point them towards BTC. I feel, perhaps, a local currency would be less risky and more useful during an economic colapse… at least it would be backed by real food and local trust. Curious to hear your thoughts.
YakiHonne (npub1yzv…rf8q) Sovereign Sentinel (npub1lyt…fphn) Shaun (npub147w…selt) fiatjaf (npub180c…h6w6) Snowden (npub1sn0…jdv9) jack (npub1sg6…f63m)
#asknostr
Energy is deifned in phisics as the capacity for doing work.
BTC's increased demand and value at the moment is funded with FIAT money in the debt economy.
How is BTC going to keep its value, as a "digital gold" or its utility as a local and descentralised currency, when we don't have enough energy in the system to claim and transform all this value in work?
Of course we need a descentralised and P2P economic system, but how is BTC going to work witin the energy descent scenario we're in?
Folks, please forgive my BTC newbie questions, but I work with rural people and still don't feel confident that I should point them towards BTC. I feel, perhaps, a local currency would be less risky and more useful during an economic colapse… at least it would be backed by real food and local trust. Curious to hear your thoughts.
YakiHonne (npub1yzv…rf8q) Sovereign Sentinel (npub1lyt…fphn) Shaun (npub147w…selt) fiatjaf (npub180c…h6w6) Snowden (npub1sn0…jdv9) jack (npub1sg6…f63m)
#asknostr