41 sats \ 3 replies \ @lawndough 11 Jul 2023 \ on: Why do you need Bitcoin? bitcoin
In order of importance to me:
-Saving for my own future and my children’s future.
-Enabling global human flourishing, especially in places where governments have failed the people in their local currencies.
-Removing small groups of humans from controlling the money supply, thus ensuring a fair playing ground for all humanity to transact value.
-Supporting the transition to non-fossil fuel energy.
I don’t have any cool stories other than I have realized there was a problem in how I was saving for the future by blindly throwing money at index funds hoping to get a return that beats inflation, while not knowing anything about what companies I’m actually invested in. I shouldn’t have to gamble to maintain or grow my purchasing power across decades.
How does bitcoin support the transition to non-fossil fuel energy?
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solar and wind aren't time-use-efficient. They produce when the sun is out or the wind goes, with no regard for when energy is needed. You have to build a LOT more than what equals average capacity for average use, and then, it still won't produce if there's 0 sun/0 wind. That makes it a very expensive investment to make while it also means it will produce unused leftover energy lots of times.
Cue bitcoin mining, which can make this a way better investment it otherwise would be, and can use leftover energy that would otherwise just dissipate unused. Projects that wouldn't make sense before an attached miner now do make sense.
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Yup
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