"Money is a claim on energy. Debt is a claim of future energy" (Bio-Economist Nate Hagens)
Energy is deifned in phisics as the capacity for doing work.
BTC's increased demand and value at the moment is funded with FIAT money in the debt economy.
How is BTC going to keep its value, as a "digital gold" or its utility as a local and descentralised currency, when we don't have enough energy in the system to claim and transform all this value in work?
Of course we need a descentralised and P2P economic system, but how is BTC going to work witin the energy descent scenario we're in?
Folks, please forgive my BTC newbie questions, but I work with rural people and still don't feel confident that I should point them towards BTC. I feel, perhaps, a local currency would be less risky and more useful during an economic colapse… at least it would be backed by real food and local trust. Curious to hear your thoughts.
YakiHonne (npub1yzv…rf8q) Sovereign Sentinel (npub1lyt…fphn) Shaun (npub147w…selt) fiatjaf (npub180c…h6w6) Snowden (npub1sn0…jdv9) jack (npub1sg6…f63m)
#asknostr
Eurico Vianna
npub18s…eyljw
2025-02-19 21:17:59
Author Public Key
npub18s9yupxct2rqhfjjx34wjxwapdss4429rjlgdr4al0t9rddd460s0eyljwPublished at
2025-02-19 21:17:59Event JSON
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"content": "\"Money is a claim on energy. Debt is a claim of future energy\" (Bio-Economist Nate Hagens)\nEnergy is deifned in phisics as the capacity for doing work. \nBTC's increased demand and value at the moment is funded with FIAT money in the debt economy. \nHow is BTC going to keep its value, as a \"digital gold\" or its utility as a local and descentralised currency, when we don't have enough energy in the system to claim and transform all this value in work? \nOf course we need a descentralised and P2P economic system, but how is BTC going to work witin the energy descent scenario we're in? \n\nFolks, please forgive my BTC newbie questions, but I work with rural people and still don't feel confident that I should point them towards BTC. I feel, perhaps, a local currency would be less risky and more useful during an economic colapse… at least it would be backed by real food and local trust. Curious to hear your thoughts. \n\nnostr:npub1yzvxlwp7wawed5vgefwfmugvumtp8c8t0etk3g8sky4n0ndvyxesnxrf8q nostr:npub1lytrxnf66uflkhm0hx32d2r0xchmvepg0mz987xgvgnaqlgu3r2s09fphn nostr:npub147whqsr5vsj86x0ays70r0hgreklre3ey97uvcmxhum65skst56s30selt nostr:npub180cvv07tjdrrgpa0j7j7tmnyl2yr6yr7l8j4s3evf6u64th6gkwsyjh6w6 nostr:npub1sn0wdenkukak0d9dfczzeacvhkrgz92ak56egt7vdgzn8pv2wfqqhrjdv9 nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m \n\n#asknostr",
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