Elon Musk dropped an interesting take recently: energy is what truly backs value. That's his whole point about Bitcoin - it's fundamentally tied to energy consumption and proof-of-work. His argument? Governments can pass all the laws they want, but they can't regulate or create energy out of thin air. It's a physical constraint that gives BTC its scarcity anchor.
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FlippedSignal
· 12-01 07:54
The theory of energy seems to be a way to justify POW, but upon closer inspection, it seems somewhat reasonable? However, is it true that the government really can't manage energy? This premise is quite questionable.
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RektDetective
· 12-01 07:51
The theory of energy sounds mysterious, but what about the cost of GPU mining?
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0xSoulless
· 12-01 07:44
The energy theory is back again, every time a pro speaks, everyone has to follow the trend... Well, anyway, electricity prices are rising and BTC is also rising, the logic of playing people for suckers is indeed consistent.
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MEVHunter
· 12-01 07:29
Energy is value, and I have pondered this logic for half a day... In essence, it is talking about the physical determinism of PoW. Regulatory pressure cannot suppress energy costs; this is the real hard constraint. Much better than the misleading on-chain data.
Elon Musk dropped an interesting take recently: energy is what truly backs value. That's his whole point about Bitcoin - it's fundamentally tied to energy consumption and proof-of-work. His argument? Governments can pass all the laws they want, but they can't regulate or create energy out of thin air. It's a physical constraint that gives BTC its scarcity anchor.