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The Jevons Paradox of Energy in Bitcoin
Jevons Paradox explains that as we get more efficient at extracting a particular source of energy, the cost per unit is going to go down. If oil was $1 a barrel, would we be using more or less energy? More. For me, this is the Bitcoin standard of energy, is energy and civilization. Every major energy transition is powered by making the previous source of energy abundant.
Anil Patel talks about his new book, The Bitcoin Handbook. There are many different fields of study Bitcoin touches that it can be difficult for people to grasp all the complexity in harmonizing concepts that are happening on this protocol. In this interview, Anil went on an intellectual journey simplifying and stitching it all together.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
01:15 - What was Anil trying to accomplish with the book?
06:59 - Of all the mental models and paradoxes mentioned in the book, what does Anil find the most profound?
12:22 - What is Jevon's Paradox?
23:39 - Network Effects.
29:52 - Reflexivity and how it applies to Bitcoin.
32:56 - Why are the laws of Thermodynamics important?
38:25 - Gall's Law.
43:44 - What is the intransigent minority and why is it important
53:31 - What is something the Bitcoin community could do better?
57:50 - Anil's favorite books.
01:00:09 - Why is it hard to be a Bitcoiner?
BOOKS AND RESOURCES
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