Taking this one take further I call it proof of time. The energy used to create a bitcoin will forever be stored in that bitcoin. In the United States, many places have negative prices for natural gas, miners are always looking for cheap energy, so miners will move in to close this energy arbitrage-a fight against entropy. We have historical accounts for this-gold and silver-which is way the where so highly prize-because of the energy or work needed to obtain the resources for use. We now have a situation where we-the United States-can take the most important energy molecules-natural gas-and forever lock in negative prices. Proof of time.
Taking this one take further I call it proof of time. The energy used to create a bitcoin will forever be stored in that bitcoin. In the United States, many places have negative prices for natural gas, miners are always looking for cheap energy, so miners will move in to close this energy arbitrage-a fight against entropy. We have historical accounts for this-gold and silver-which is way the where so highly prize-because of the energy or work needed to obtain the resources for use. We now have a situation where we-the United States-can take the most important energy molecules-natural gas-and forever lock in negative prices. Proof of time.