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WiM004 - The Saylor Series | Episode 4 | Bitcoin: The First Digital Monetary Energy Network
The "What is Money?" Show
Innovation Springs from Scarcity
Forecasts of energy shortages are often based on flawed linear interpretations of resource availability, as they ignore human ingenuity and the proactive responses that emerge when scarcity is predicted. Historical predictions of oil shortages have consistently failed to materialize due to the closed feedback loop of exploration and innovation, where impending resource depletion prompts increased efforts to discover new reserves. This dynamic reveals the tendency of human beings to adapt and innovate when faced with challenges, as exemplified by advancements such as fracking. Thus, instead of merely accepting linear projections about resource limits, recognizing the role of human creativity and adaptability is crucial in understanding and mitigating perceived shortages.
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