Re:Bitcoin as a Battery
by smashem on Sunday March 28, 2021 @12:27PM
(#26611628)
> ...it does not store energy.
Yes it does. It stores what is called "monetary energy", and monetary energy belongs in the same class as kinetic, elastic, and chemical energies.
One of the key differences between bitcoin and other monetary assets is that bitcoin is absolutely scarce (the first absolutely scare monetary asset in human history), so its energy cannot leak via inflation.
Yes it does. It stores what is called "monetary energy", and monetary energy belongs in the same class as kinetic, elastic, and chemical energies.
One of the key differences between bitcoin and other monetary assets is that bitcoin is absolutely scarce (the first absolutely scare monetary asset in human history), so its energy cannot leak via inflation.