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I feel like energy may become the ultimate form of money. Likely always will be in greater demand than supply (at least on a macro basis). Probably won't have
by rkagerer 5y ago
I feel like energy may become the ultimate form of money. Likely always will be in greater demand than supply (at least on a macro basis). Probably won't have many "magnitude of order" technological improvements after we crack fusion. And oil and bitcoin are already a form of it, in a sense.
- lottin 5y ago> Likely always will be in greater demand than supply (at least on a macro basis). If demand is always greater than supply it means that the market isn't working as it should. In a well-functioning market price will adjust so that the supply is equal to the quantity demanded.
- rkagerer 5y agoThat's fair, thanks for pointing it out. I meant more in general that over the long term humans will always find ways to utilize all the additional / cheaper energy that ever becomes available. Historically the pattern has been: New supply --> cheaper prices --> new applications --> more demand I don't think there will ever be such a thing as "enough", even when civilization gets to the stage where we measure in units of stars.
- Quindecillion 5y agoBuckminster Fuller conceived of the "kilowatt dollar". Bitcoin fulfills this role well, but people are too busy conflating its energy consumption with carbon emissions.