381 sats \ 1 reply \ @IHL 27 May 2023 \ parent \ on: [Canada] What are your plans for civil unrest? bitcoin
My language was imprecise so let me change it to amazingly cheap if it will help advance the conversation.
I was thinking specifically about the EROI of nuclear generated electricity. It is actually staggering. I know it doesn't scale up and down with demand and we would still most likely use natural gas generated electricity to fill in the gaps during peak usage. That or just power down all the ASICS!!
It is my understanding that over the life cycle ICE are less energy intensive than electric batteries and it is more or less destined to stay that way so I don't see us moving away from fossil fuels. Also, there seems to be no alternative for the chemicals/fertilizer and other uses. So, I'm in no way suggesting we start to meaningfully move away from fossil fuels.
To return to my point in the original reply, I am hoping Canada can make smart decisions with respect to generating nuclear power—a technology we are a actually a leader in—that gives us a huge competitive advantage against economies that don't turn to this technology. If that is the case, our decline relative to the alternative scenario where we do not fully embrace it may be much less dramatic.
Hopefully that makes my perspective more clear for at least some people.
Now we are shifting from utter nonsense to ill-conceived, excellent, here we are finally able to move past ad-hominen responses that are all the other comments merit.
"Amazingly cheap": compared to today, but consider, what does it mean for something to be "cheap" or "expensive"? It is actually not an inherent or objective property the way wheels of today are "round" and wheels 1000 years from now will continue to be "round".
Everything gets cheaper whether you have fiat or bitcoin, things just get cheaper faster with bitcoin.
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