AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Explaining the Jevons Paradox and its Relevance to Bitcoin Energy Use
The book discusses the Jevons Paradox, which explains that as we become more efficient at extracting and using a source of energy, the cost per unit will go down, leading to an increase in demand. The transition to a new primary energy source is driven by making the previous one abundant through declining costs. The book applies this concept to Bitcoin as the standard of energy and civilization.