freddms on Nostr: But YOUR energy has value. The work you do to produce something OTHERS want. And the ...
But YOUR energy has value. The work you do to produce something OTHERS want. And the energy of OTHERS that produce things that YOU want.
Value is subjective ONLY due to our collective desires for what the other person produces! You may LOVE carrots, and pay a lot for them, but maybe I don't like carrots and would not pay anything for them!
So the key here is to BACK your energy, with a unit of energy, to be used ANY TIME in the future on another amount of energy (products/services of others).
My point is: If you look at what is 'backing' #Bitcoin it's that raw energy. If you make things (energy required) and sell that to someone that truly wants it, you should be able to store that energy, backed by energy - for future needs/wants.
For the first time in human history, Bitcoin actually does this. There is no subjective value with stored energy - you can own it and no one can steal it from you (just not in an ETF but in private wallets or L2 applications).
Gold was used at one time - because it did represent real energy. But because Gold is impractical as a medium of exchange, it gets centralized and Government then starts stealing wealth (energy) through fiat debasement and distortions in the 'value' of everything through taxes and regulation.
I hope this drivel hits with someone. We are at turning point in human history. Will be incredible for all, but especially good for those that see the 'gold rush' now.
Value is subjective ONLY due to our collective desires for what the other person produces! You may LOVE carrots, and pay a lot for them, but maybe I don't like carrots and would not pay anything for them!
So the key here is to BACK your energy, with a unit of energy, to be used ANY TIME in the future on another amount of energy (products/services of others).
My point is: If you look at what is 'backing' #Bitcoin it's that raw energy. If you make things (energy required) and sell that to someone that truly wants it, you should be able to store that energy, backed by energy - for future needs/wants.
For the first time in human history, Bitcoin actually does this. There is no subjective value with stored energy - you can own it and no one can steal it from you (just not in an ETF but in private wallets or L2 applications).
Gold was used at one time - because it did represent real energy. But because Gold is impractical as a medium of exchange, it gets centralized and Government then starts stealing wealth (energy) through fiat debasement and distortions in the 'value' of everything through taxes and regulation.
I hope this drivel hits with someone. We are at turning point in human history. Will be incredible for all, but especially good for those that see the 'gold rush' now.