168. Available now: Principles of Economics!
The Bitcoin Standard Podcast
The Importance of Aggregate Energy
"We don't have an energy scarcity problem. We have a power scarcity problem," he says. "The scarcity lies in energy that can be directed at meeting our needs, as we want them to meet our needs when we want to meet their needs" Power is defined as energy over time, the amount of energy that is directed at performing a task or heating an object over a small period of timeover an unit of time.
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