2min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

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.

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