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Renewable energy is not an asset. It's energy. It's the basis of all life. It is infinitely abundant (until our Sun dies and the winds stop blowing) Unlike curr
by idibidiartists 9y ago
Renewable energy is not an asset. It's energy. It's the basis of all life. It is infinitely abundant (until our Sun dies and the winds stop blowing) Unlike currency, energy has an intrinsic value as a unit of work (the 'joule' being that unit) Energy as a currency would get its value not from artificial scarcity but from its rate of flow in a surplus energy p2p exchange network. Satoshi himself mentioned this line of thinking back in 2009 [1] when I wrote about a hypothetical p2p energy economy, but he thought the Blockchain could power such an energy-as-currency-based economy, and he's actually right. You need to think of the Blockchain as the low level API and write high level currency schemes on top of it. I haven't given it much thought since then.
1. http://archive.is/5CbYM http://archive.is/5CbYM
- jcoffland 9y ago> It is infinitely abundant It's not. One immediate limit is ground space.
- idibidiartists 9y agoHaven't tou heard of civilization types? I think type 3 (or 5?) is one where they have harness the energy of their sun(s) in an optimal wag. They gather solar energy in space and beam it to their planet, moon(s$ and their space colonies.
- idibidiartists 9y agohere: https://phys.org/news/2016-07-iii-civilization.html https://phys.org/news/2016-07-iii-civilization.html