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This is the price of Bitcoin over the last few years and this is the production cost of bitcoin over the last few years as a network average now here’s the thing to understand about why Bitcoin goes parabolic in price well the short answer can be explained with fiat

Currency fiat currency is an infinite amount of printed monetary units inflating to chase a scarce amount of goods and services at any given time that means that more money is chasing fewer Goods the prices go up and the money is going down Bitcoin does this the other way around the monetary units

Are scarce and the energy the mining the production to chase those monetary units is continually going up as the production cost shows and so it’s an infinite amount of energy chasing a scarce amount of monetary units Infinity over 21 million Bitcoin

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One of the concerns people have had before about Bitcoin mining is that how can you have an income stream that is random that you produce blocks randomly based on for example if you are mining with 1% of the Network’s hash rate you will earn approximately 1% of the blocks

Of Bitcoin but the struggle there is well how much money do you know you’re going to earn but the same analogy can be brought across to any other industry farming does the farmer know exactly how much he’s going to grow that year or does he put all of the time and energy

In preparing his field and the growth and the connection to the sun and the fertilizer and the efficiency of his Machinery it’s the exact same thing with Bitcoin mining it’s the best way to understand it is Bitcoin or bitco and that’s the same for if you

Open a business you don’t know how many customers are going to come in the door you can just sort of throw out an estimate and hope for the best

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So here’s something interesting HSBC have launched a digital gold token that is a digital asset which is an IOU that references a fractional amount of ownership of gold stored in a vault but here’s the problem how do you know and how can you trust they have the actual

Gold stored in a vault somewhere there is no way of intrinsically connecting the physical asset in the real world to the digital coin or commodity in the digital world but there is two Commodities out there that do have a physical asset or energy that is referenced in digital form with a direct

Intrinsic connection between the two bridging Both Worlds that answer is Hash power and Bitcoin are digital Commodities that are intrinsically connected to the physical world of energy through the computational timestamps of producing the next block in the chain

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Solar Punk the progression of technology and the environment hand inand it’s something that I believe that Bitcoin mining would be extremely valuable for in the concept of trading and conducting trade with energy resources let me explain in our economy 50% of every trade and transaction is money so in a

Solar Punk world how would this work we all live decentralized and locally and collectively grow things together so what do we price our produce in we need local markets local economies but at a global scale Bitcoin is the perfect system for this you can store your excess resources in Bitcoin through

Trade or you can store your excess energy resources through mining it doesn’t matter where I plug the same machine in anywhere on the planet it produces the exact same amount of Bitcoin for the same amount of energy input so we bring about a world of global decentralized pricing where we

Can all live in harmony