I hadn’t thought of Bitcoin before as having perceived value predominantly *because* it burns so much energy (by design).
It’s one way of looking at it, but not the only view.
https://cbeci.org
This is the downside of the cryptographical complexity required for bitcoin to make sense in the first place.
This can be a little unsettling, but it’s only one lens through which to look at the crypto space, and BTC isn’t the only cryptocurrency out there, of course.
In short, it’s complicated. No room for dogma.
Bitcoin lost forever
Oh and did you know that a large proportion of mined bitcoin has been lost forever? Can’t just print more like fiat.
https://decrypt.co/37171/lost-bitcoin-3-7-million-bitcoin-are-probably-gone-forever
Demand-adjusted pricing gone crazy
And on the topic of energy, here’s an example of demand-adjusted pricing working perfectly and going horrendously wrong at the same time!
https://www.theverge.com/2021/2/19/22291426/texas-blackouts-utility-bills-electricity-cost-energy-insecurity
No agenda here, just thoughts and learnings. What’s your take? Message me on Twitter or LinkedIn!
