Improving lifestyle correlates with increased energy consumption. The focus should not solely be on energy efficiency but rather on innovating energy sources, making them cheaper and more accessible. Current technologies present abundant energy opportunities, with seawater offering as much raw energy potential as gasoline. The challenge lies in developing and scaling these technologies, particularly in nuclear energy, which has been historically underfunded and overlooked. There exists a long-standing trend of energy innovation, with the Henry Adams curve reflecting the historical 7% annual growth in usable energy that has significantly enhanced lifestyles and technologies. A continued trajectory of energy innovation promises to lift more individuals from poverty and extend lifespans, emphasizing the importance of energy as a foundational element for progress. Redirecting focus onto advancing energy technologies could yield transformative benefits, potentially ushering in a new Industrial Revolution.
This episode is a replay of episode 22 of this podcast.
Links:
Eric’s Blog
Eric’s blog post on digital scarcity
Eric’s Blog post on The Cost of Trust
Technological revolutions and Financial Capital by Carlota Perez
Topics:
(0:08) - Introducing the Web3 discussion
(4:13) - What is the Blockchain?
(6:06) - Lowering transaction costs across Web1, Web2 & Web3
(9:46) - Creating cheap, digital scarcity
(12:12) - Why does the blockchain matter? Trust & Decentralization
(18:50) - What happens when blockchains are deployed? Digital and Physical impacts.
(26:26) - Technological Revolutions & Financial Capital by Carlotta Perez
(28:23) - DAO: Distributed Autonomous Organization
(30:51) - Predictions: The biggest networks will be bigger than the biggest companies
(39:03) - Wrap Up: What do you have to do?
(42:02) - Web3 is supposed to be fun!