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WiM015 - The Booth Series | Episode 5 | The Digital Age, Energy, and The Environment
The "What is Money?" Show
The Biggest Thing We're Missing Is Energy
Bitcoin is a system for monotizing energy directly, but also creating an incentive scheme that pushes market actors into unused energy sources. Solar is coming on cheaper than all other sources of energy, and that's adative to the energy grid. And it'sand it reduces prices, not just of energy, but if energy is the number one input in all other things, all other things. That should be a good thing. Lower cost energy, lower cost things, lower costs everything else. But what the world is missing is growth in the way that we've grown forever. By manipulating money. Can't work in a finite world. Monetary policy has to fight and eradicate the gain by printing more
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