Our energy usage is directly proportionate to prosperity.
When we find or innovate more ways of using more energy efficiently, our living standard improves and our lives get better. The Industrial Revolution was made possible by our ability to harness energy from sources that were never used before such as coal, petroleum, and natural gas.
We were using more energy during that time than any other recorded time in history. As a result, modern civilization is richer than any other civilization in history.
Think about it for a moment: Had we never harnessed energy from sources like coal, oil, and natural gas humanity would still be using horses as a means of transportation.
Most of the innovations that occurred after the Industrial Revolution - be it steam engines, spinning jenny, telegraph, etc. - could not be even thought of had we not found new ways of harnessing energy.
Using more energy was a necessary prerequisite for the innovations that we take for granted today. I can use the laptop to write and the Internet to route this newsletter all over the world, thanks to our ancestors’ decision of harnessing more energy.
Therefore, the notion that we should use less energy to survive is utterly wrong.
How can we harness more energy?
Yes, the answer is Bitcoin mining.
Bitcoin mining will create an era of innovation that we last saw after the Industrial Revolution.
With Bitcoin mining, we can use energy from sources that have never been used before or used very little. Before Bitcoin, we never had a way to use geothermal energy from volcanoes. Bitcoin mining enables that.
Bitcoin mining is a location-independent business. It can harness energy in any region on the planet - which, again, was not possible before Bitcoin.
The developing countries have access to a lot of untapped energy sources. They don’t have the required infrastructure to harness those energy sources. Instead, they can use Bitcoin mining as a solution to this problem. It will drastically improve their standard of living.
Imagine how much innovation we’d see in emerging economies if they can somehow use the energy that they are unable to harness now.
When you hear countries talking about reducing energy consumption, what they mean to say is a future that’s far worse than the present.
BEFORE READING THIS: Consuming energy is bad for the future.
AFTER READING THIS: NOT consuming energy is bad for the future.