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by idibidiartists 3316 days ago
Renewable energy is not an asset. It's energy. It's the basis of all life. It is infinitely abundant (until our Sun dies and the winds stop blowing) Unlike currency, energy has an intrinsic value as a unit of work (the 'joule' being that unit) Energy as a currency would get its value not from artificial scarcity but from its rate of flow in a surplus energy p2p exchange network. Satoshi himself mentioned this line of thinking back in 2009 [1] when I wrote about a hypothetical p2p energy economy, but he thought the Blockchain could power such an energy-as-currency-based economy, and he's actually right. You need to think of the Blockchain as the low level API and write high level currency schemes on top of it. I haven't given it much thought since then.

1. http://archive.is/5CbYM
1 comments
jcoffland 3316 days ago
> It is infinitely abundant

It's not. One immediate limit is ground space.

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idibidiartists 3316 days ago
Haven't tou heard of civilization types? I think type 3 (or 5?) is one where they have harness the energy of their sun(s) in an optimal wag. They gather solar energy in space and beam it to their planet, moon(s$ and their space colonies.
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idibidiartists 3315 days ago
here:

https://phys.org/news/2016-07-iii-civilization.html

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