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Humanity has spent millennia extracting 200,000+ tons of gold - burning forests, enslaving labor, poisoning rivers - just to move, guard, and hoard it. Entire wars waged, economies warped, lives lost, all to preserve a shiny, inert metal as a durable store of value. A massive civilizational misallocation.

Bitcoin, in 15 years, has consumed an order of magnitude less total energy and labor yet offers the same function: durability, portability, scarcity. It requires no armies, vaults, or ships - just math and electricity. Boomers assess it as a waste; history regards gold’s legacy as far costlier.

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Discussion

christo 7mo ago

But fast forward 5k years from today, perhaps wars economies lives all affected by humanity trying to hoard Bitcoin.

In 2525 what do you think 1 satoshi will be worth?

Stephan Rinbaum 7mo ago

TBH any store of value is a misallocation, but this is where we are. The Romans had no access to the internet, so they used metal. We use "math and electricity" as if those resources and those that produce them - oil, radioactive material, et cetera - are somehow less destructive, but the choice is much like the two party system, a "lesser of two evils".