Bitcoin Is The Ultimate Representation Of Energy

Love, unit and wealth are interrelated done their transportation to energy. As the integer practice of energy, Bitcoin offers a amended store of energy.

“’But however is [Bitcoin] integer energy; however bash you get it backmost to being energy?’ The reply is, I nonstop a billion-dollar artifact of it to Tokyo, I tally it done an speech … I person it backmost into yen and I instrumentality the yen and I bargain energy from the Tokyo Power Company.” — Michael Saylor (WBD431)

While I deliberation astir Bitcoiners mostly hold with the conception of bitcoin arsenic integer energy, I person seen immoderate pushback that this is not accordant with physics, is conscionable a metaphor oregon is conscionable plain false. I started penning this insubstantial with the volition to reason that each wealth really represents a store of vigor and bitcoin is simply the champion wealth available. However, I started uncovering absorbing parallels with some emotion and unit arsenic alternate methods of channeling energy, truthful I expanded the scope of this insubstantial to connection my thoughts connected these areas arsenic well.

First, let’s commencement with energy. What is energy? According to Britannica:

“Energy, successful physics: the capableness for doing work. It whitethorn beryllium successful potential, kinetic, thermal, electrical, chemical, nuclear, oregon different assorted forms. All forms of vigor are associated with motion. For example, immoderate fixed assemblage has kinetic vigor if it is successful motion. A tensioned instrumentality specified arsenic a bow oregon spring, though astatine rest, has the imaginable for creating motion; it contains imaginable vigor due to the fact that of its configuration.”

When it comes to what things humans typically deliberation of arsenic energy, determination is surely thing to accidental for our quality to power oregon nonstop that energy. Before electrical applications were invented, energy was astir apt not commonly thought of arsenic a signifier of energy. Thus, the vigor conversion instrumentality is possibly conscionable arsenic important arsenic the vigor itself.

Modern humans person invented devices that let america to usage and standard each sorts of antithetic types of energy. However, our archetypal vigor conversion instrumentality was, of course, the quality of the quality assemblage to person the chemic vigor successful our nutrient into kinetic vigor that we inherently control. Today, contempt having entree to different sources of vigor that person scaled immensely, quality vigor remains highly valuable.

Despite our alternatively constricted vigor output, humans person evolved to beryllium wildly efficient. With the presumption that an big quality idiosyncratic uses 2,000 calories (food) per day, we tin cipher the complaint astatine which we tin power our ain energy:

Human vigor calculation

At a complaint of 98.5W, a quality who works 40 hours per week, performs astir 200 kWh of enactment for their leader successful 1 year. In examination to electrical vigor conversion devices, this is an exceedingly minuscule magnitude of work. However, if this quality has an yearly wage of $50,000, the worth of their vigor output would beryllium $250/kWh. The highly precocious worth of quality vigor is mostly owed to our quality to learn, adapt, technologist solutions and harness different forms of vigor to supply invaluable solutions to society.

Note, however, that the vigor delivered by each quality is exclusively controlled by the individual. I americium the lone idiosyncratic who tin take to rise oregon little my arm; therefore, I americium the lone idiosyncratic who has power implicit the actions of my chemic vigor conversion instrumentality (body). Because of this, humanity is continuously looking for answers to the question: “How bash we person different humans to transmission their vigor to a circumstantial application?”

Our taxon has discovered galore ways to motivate humans to transmission their vigor toward a circumstantial task. In this nonfiction I volition beryllium discussing the pursuing 3 wide categories:

• Love (family, friends, God)
• Violence (force, threats, war)
• Money (barter, metals, fiat, bitcoin)

Love

Love has evolved arsenic portion of quality nine and is the crushed that parents take to usage their vigor to conscionable the needs of their children. Love mostly maximizes the ratio of quality vigor due to the fact that radical who are motivated to cooperate via emotion genuinely privation their enactment to execute the champion imaginable outcome. Love is simply a voluntary, decentralized means of channeling quality energy. Each subordinate of nine tin take to emotion oregon not emotion different human; emotion cannot beryllium forced.

However, emotion is precise challenging to scale. One imaginable crushed for this could beryllium related to Dunbar's number, which is simply a suggested cognitive bounds to the fig of radical with whom 1 tin support unchangeable societal relationships. Personally, I judge that transportation to God allows humans to standard emotion beyond Dunbar’s number, however, I volition reserve my thoughts connected this taxable for different time.

Violence

Violence, oregon the menace of violence, tin besides beryllium utilized to transmission quality energy. Controlling vigor done unit has its roots successful the improvement of beingness connected this planet. One property of unit that has made it specified an effectual means of forcing quality practice is that unit scales. Specifically, unit tin beryllium scaled by engineering weapons that leverage quality vigor oregon incorporated much almighty forms of energy, i.e., weapon powder, fission, fusion, etc. In addition, dissimilar love, unit tin beryllium stored and stockpiled for aboriginal use, offering the quality to standard the menace of unit arsenic a means of channeling quality energy.

However, unit is simply a non-voluntary, centralized solution to standard cooperation. Violence centralizes powerfulness due to the fact that it favors those with the astir almighty weapons, which grants them entree to the astir quality vigor and innovation, which enhances their quality to technologist adjacent much almighty weapons. This centralization has led to non-optimal outcomes for humanity arsenic a full and is mostly an inefficient means of directing quality energy. Forced labour volition ne'er beryllium arsenic businesslike arsenic voluntary labor, and centralized determination making volition ne'er beryllium amended than decentralized determination making.

Money

Which brings america to money. The invention of wealth allowed humans to standard practice beyond Dunbar’s fig without the request for emotion oregon violence. Money motivates humans to usage their vigor toward idiosyncratic else’s goals by promising them that the wealth they were paid for their enactment tin beryllium utilized successful the aboriginal to deploy the vigor of different humans. Similar to violence, wealth tin besides beryllium stored and stockpiled for aboriginal use. Money is simply a artillery for quality energy; the artillery is charged arsenic you enactment for idiosyncratic else, and is discharged arsenic idiosyncratic other works for you. Money, therefore, represents stored quality energy.

Unlike violence, wealth allowed for systems of decentralized decision-making to develop. Money enabled economies to look wherever humans each voluntarily enactment successful determining the worth of antithetic forms of labor. Decisions astir what a nine needs could truthful beryllium acceptable by the market, wherever each quality decides what they are consenting to wage for a bully oregon service. In examination to violence, wealth is simply a importantly much businesslike scaling solution for motivating humans to transmission their enactment toward a circumstantial goal.

However, each forms of wealth tin beryllium corrupted done violence. Money, similar life, tin beryllium stolen utilizing violence. Decentralized markets tin go centralized erstwhile violence, oregon the menace of violence, is utilized to power quality actions. In earlier societies, erstwhile governments wanted to usage unit to accumulate wealth, they needed to physically instrumentality the wealth from their citizens oregon from different outer entities. Largely aft the invention of atomic weapons, erstwhile the menace of unit and the outgo of warfare started reaching unimaginably tremendous magnitudes, governments started relying connected wealth printing much heavy to proceed acquiring wealth. Paper wealth that tin beryllium printed radically changed the standard astatine which governments could get and deploy money. Increasing the fig of monetary units devalues each of the existing wealth successful a fixed system and transfers that worth to the entity successful power of the wealth supply.

Note, however, that the magnitude of enactment that tin beryllium done with this stolen worth volition decay implicit clip owed to terms inflation. As the recently printed wealth enters an economy, the decentralized marketplace pricing mechanisms volition instrumentality the caller proviso of wealth into relationship and rise each prices comparative to however overmuch individuals worth their ain quality energy. Forcing the participants successful an system to reprice goods and services connected a continuous ground besides offers the accidental to power the worth each quality places connected their ain labor. Depressing a population, for example, whitethorn pb to participants ascribing little worth to their ain enactment and volition effect successful little comparative repricing of goods and services aft an inflationary event. When wages don’t support up with terms inflation, this tin beryllium viewed arsenic a awesome that marketplace participants are attributing little worth to the deployment of their ain energy.

Although governments whitethorn gain wealth done taxation by providing services determined to beryllium invaluable by their citizens, i.e., protecting carnal spot rights, the bulk of monetary vigor controlled by modern governments is stolen chiefly utilizing the menace of unit to support their power implicit the wealth printer.

Enter Bitcoin

Users of bitcoin — similar users of each different forms of wealth — tin beryllium subjected to violence, oregon the menace of violence, arsenic a means of forcibly acquiring their wealth. However, the unit needed to forcibly get bitcoin from an idiosyncratic who controls their ain backstage keys indispensable beryllium applied with utmost precision. Neither bullets nor weapons of wide demolition are effectual methods of unit for stealing bitcoin. I would reason that the forms of unit required to forcibly get bitcoin don’t standard astatine each successful examination to accepted violence. Therefore, bitcoin is powerfully resistant to theft via violence.

It is besides not imaginable for bitcoin’s worth to beryllium stolen via proviso inflation. Although the proviso of bitcoin successful circulation is expanding implicit clip (albeit astatine an exponentially decreasing rate), the ostentation complaint is nationalist cognition and tin beryllium accounted for erstwhile pricing goods and services. Further, determination is 100% marketplace statement connected what bitcoin’s proviso ostentation volition beryllium utilized for. Newly-minted units of bitcoin are exclusively utilized to subsidize payments to bitcoin miners for the information and transaction processing services they provide.

During the aboriginal stages of bitcoin’s beingness arsenic money, each bitcoin holders lend to Bitcoin’s information and transaction processing fund via an exponentially decreasing ostentation tax. Currently, astir 98% of miner gross is supplied by Bitcoin’s 1.74% yearly ostentation rate, i.e., artifact reward, which volition beryllium chopped successful fractional astir each 4 years. In the future, Bitcoin’s information fund volition beryllium paid for wholly by marketplace participants who transact implicit the Bitcoin network, i.e., transaction fees. The artifact reward is truthful a impermanent measurement designed to subsidize information portion Bitcoin is inactive successful its youth; it would beryllium much close to presumption this signifier of taxation arsenic a corporate outgo for a invaluable service, alternatively than theft.

In conclusion, humans person invented each sorts of vigor conversion devices to execute our goals. However, humans stay 1 of the astir efficient, flexible and invaluable sources of vigor conversion available. Therefore, controlling the travel of human-supplied vigor remains a fixture of quality civilization. Although each quality controls their ain energy, we tin beryllium motivated utilizing methods specified arsenic love, unit and wealth to enactment together.

Historically, emotion has failed to standard successful examination to unit and money. Although unit has proven to scale, it is inefficient and does not optimally orient quality advancement owed to centralization of powerfulness and decision-making. Although wealth offers a much businesslike scaling solution for channeling quality energy, it has historically been susceptible to unit astatine standard and fiat based monetary units tin beryllium stolen via inflation. Bitcoin is simply a caller signifier of wealth that cannot beryllium forcibly acquired utilizing unit astatine standard and cannot beryllium stolen done inflation.

Bitcoin represents an accidental to support wealth from the power of violence, abolish ostentation without statement and reconstruct precocious prime decentralized marketplace signals. It volition instrumentality clip for nine to recognize these benefits arsenic bitcoin is inactive young successful examination to different forms of wealth and is not presently wide adopted crossed humanity. If much radical commencement to recognize that wealth represents quality energy, I judge humanity volition commencement to request amended money, and erstwhile they do, bitcoin volition beryllium present for them.

This is simply a impermanent station by Freedom Money. Opinions expressed are wholly their ain and bash not needfully bespeak those of BTC Inc. oregon Bitcoin Magazine.