Peyton Allworth on Nostr: Satoshi probably knew that our current system would not disperse the benefits of the ...
Satoshi probably knew that our current system would not disperse the benefits of the marginal cost of production of just about everything collapsing to zero, so he built the world a money that would distribute those gains and let us save as things become cheaper.
He probably also knew that the thing that would have the hardest time seeing a decrease in marginal cost of production would be energy.
1. Growth in energy use stagnant since 1971.
2. Energy markets are built on non renewable forms of energy that get more scarce as we use them.
3. The entire global financial system is built on the petro-dollar and is not going to let cheap electricity win without a fight.
By making bitcoin mining energy intensive and block subsidies get increasingly smaller Satoshi made it so that countries would fight to make energy become cheaper and cheaper rather than fight wars.
#bitcoin #nostr #Lightning #ligbtningnetwork #zap #zaps #proofofwork #pov #jasonlowrey #satoshi #war #oil #petrodollar #m4 #halving
He probably also knew that the thing that would have the hardest time seeing a decrease in marginal cost of production would be energy.
1. Growth in energy use stagnant since 1971.
2. Energy markets are built on non renewable forms of energy that get more scarce as we use them.
3. The entire global financial system is built on the petro-dollar and is not going to let cheap electricity win without a fight.
By making bitcoin mining energy intensive and block subsidies get increasingly smaller Satoshi made it so that countries would fight to make energy become cheaper and cheaper rather than fight wars.
#bitcoin #nostr #Lightning #ligbtningnetwork #zap #zaps #proofofwork #pov #jasonlowrey #satoshi #war #oil #petrodollar #m4 #halving