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> One would be hard pressed to find a single priced good or service on this planet that doesn't respond to energy prices. You don't have to look further than B
by Zalastax 8y ago
> One would be hard pressed to find a single priced good or service on this planet that doesn't respond to energy prices.
You don't have to look further than Bitcoin. The cost of producing Bitcoin is primarily the cost of wasted energy - how much energy should be wasted is determined algorithmically. Too low and you get arbitrage opportunities; too high and people stop mining.
Bitcoin pricing is not at all related to energy prices in the middle-to-long-run.