• Bitcoin drastically improves humanity’s relationship with both energy and money.
• Governments will continue to employ second-layer fiat money that citizens are forced to use.
• The U.S. government has been trying to centrally plan the energy sector since 1789.
Bitcoin has revolutionized the way we view not only money, but energy as well. Since the establishment of the United States, the government has tried to control and intervene in the energy sector, in the form of tariffs, subsidies, and bans. These efforts have been in place since the late 1700s, long before fiat currency was established in 1971.
Bitcoin has changed the game, giving individuals and business more power over their own energy and money management. It allows for greater transparency and less reliance on governmental control and manipulation. With Bitcoin, it is much easier to store wealth, calculate revenue and losses, and trade goods and services.
The advantages of Bitcoin are numerous. For one, it is a borderless form of currency, meaning it can be used anywhere in the world. It is also much more secure than traditional currencies, as it is protected by cryptographic encryption and does not require a trusted third party. Transactions are final, meaning there is no possibility of chargebacks or fraud.
On the energy side, Bitcoin can help to reduce our dependence on non-renewable sources of energy. Rather than relying on fossil fuels, Bitcoin miners use renewable sources such as solar, wind, and hydro power to mine the cryptocurrency. This helps to reduce our carbon footprint and support a more sustainable future.
Despite the many benefits of Bitcoin, the problems that plague both energy and money are still likely to persist. Government regulations, subsidies, and bans will continue to have an impact on the energy sector. Similarly, governments will still have control over the second-layer fiat money that citizens are forced to use.
Nevertheless, Bitcoin has revolutionized the way we view money and energy, and it will continue to have a lasting impact on the global economy. It has opened up new possibilities for individuals and businesses, giving them more power over their own finances and energy consumption. With its secure, borderless, and decentralized nature, Bitcoin is sure to remain a major player in the world economy for years to come.