“Bitcoin is a way to convert cheap or excess energy anywhere in the world into money, much of it renewable or energy that would go to waste.” Do we have such a

“Bitcoin is a way to convert cheap or excess energy anywhere in the world into money, much of it renewable or energy that would go to waste.” Do we have such a thing as “excess” energy? I’m not sure what you mean by go to waste. “In a world where the US money supply can go up 23% in a given year with no end in sight...” And yet real inflation rates have remained low and pretty much on target for decades. Why don’t we see 23% inflation? You can’t take the money supply alone and assume inflation. That’s only 1/4 of the equation that determines prices. Expansionary monetary policy is implemented as a response to otherwise DEFLATIONARY adverse events, to prevent a downward spiral. The end in sight is the end of whatever crisis it was used for. The fed then announces a new interest rate. Etc. A % increase in the money supply alone, without context, doesn’t tell me whether it’s an excessive number and I should be worried.