I heard an interesting argument for Bitcoin recently. It represents a way to move energy around the world wirelessly. For instance, you can use geothermal power in a very isolated, cold climate that previously would be unusable for any purpose. As Bitcoin’s power needs are decentralized, all it needs is an internet connection. You could have a Bitcoin mine in outer space, if you wanted.
Not sure why I’m being downvoted - maybe someone smarter than me can explain it better. I’m too tired to figure out how to put this into words. But basically, the earth has a total energy amount that can be used. Bitcoin can use energy in places you couldn’t get to before, so in a sense, you’re able to do work with isolated energy in a given remote locaton and send the output of that work via the internet to somewhere else.
Not sure why I’m being downvoted - maybe someone smarter than me can explain it better. I’m too tired to figure out how to put this into words. But basically, the earth has a total energy amount that can be used. Bitcoin can use energy in places you couldn’t get to before, so in a sense, you’re able to do work with isolated energy in a given remote locaton and send the output of that work via the internet to somewhere else.