Elon Musk dropped an interesting take during his chat with Nikhil Kamath. His view? Energy is what really matters as currency, and Bitcoin's entire foundation rests on energy itself.
Think about it—mining Bitcoin demands massive computational power, which translates directly into energy consumption. Musk's point cuts through the noise: while most see BTC as digital money, he's framing it as stored energy in a different form.
This perspective flips the usual narrative. Instead of debating Bitcoin's legitimacy as currency, maybe the real question is whether we're looking at energy transformed into a tradeable asset. The whole proof-of-work mechanism becomes less about securing a network and more about converting electricity into digital value.
Not exactly a mainstream take, but coming from someone who's reshaped multiple industries, it's worth chewing on.
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ContractSurrender
· 12-01 05:08
The energy perspective is indeed interesting, but isn't this logic just whitewashing high energy consumption?
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The case is solved, Bitcoin is just an electricity bill coin, no wonder miners are so crazy.
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This angle is fresh, but turning energy storage into assets... sounds like making excuses for PoW.
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So when it is said that the poor can't afford Bitcoin, is it actually that they can't afford energy power? It's a bit dark to think about.
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A sentence from Ma reveals the truth, the essence of Bitcoin is the digitalization of energy, but from this perspective, isn't PoS more elegant?
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An interesting perspective, but relying on energy is still relying on consensus, at its core it's still a game of belief.
View OriginalReply0
GlueGuy
· 12-01 03:48
Energy is value, this perspective is amazing...
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Wait, doesn't that mean the miner's cost directly determines the bottom price?
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Musk is right, the essence of PoW is turning electricity costs into trust
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Thinking this way, Bitcoin will be worth more in places where green energy is cheap?
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Wow, I've never looked at it this way, it feels like I've opened a new world
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So holding coins is holding energy? Then I've misunderstood for so many years...
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No wonder he always talks about energy issues, the root is here.
View OriginalReply0
OnchainDetectiveBing
· 12-01 03:47
Energy = Currency? This perspective is quite interesting.
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The essence of pow is just packaging and selling electricity costs, I knew it.
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Wait, if you understand it this way, then stablecoins are the real currency?
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I believe what Musk said, there are indeed people looking at this matter from the energy dimension.
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So miners are just reselling electricity costs, haha.
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Thinking about it the other way, in places where energy is scarce, btc is valuable, this logic is a bit extreme.
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So in the end, it still boils down to hoarding energy, got it.
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That means fiat is even more ridiculous, nothing is being hoarded.
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No wonder miners are flocking to countries with cheap electricity.
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It feels like redefining what "valuable" means.
View OriginalReply0
RektButSmiling
· 12-01 03:45
Energy is the hard currency, this logic is amazing.
View OriginalReply0
EyeOfTheTokenStorm
· 12-01 03:41
Well... this angle is indeed interesting, but according to my quantitative model, the idea of energy as a store of value is very risky.
From historical data, what truly determines the price of BTC is still the market cycle, not just the energy cost.
Musk's viewpoint sounds sophisticated, but it can easily be taken as gospel by suckers... one must be cautious.
The logic of energy = value does not hold up during a bear market; the technical aspect really does not support it.
When mining costs soar, we should close all positions and not be misled by such narratives.
View OriginalReply0
MindsetExpander
· 12-01 03:36
Energy = value, this perspective is indeed amazing
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Wait, are we speculating on electricity bills? Haha
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What Musk said is correct, PoW is essentially energy transfer
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Wonderful, from this perspective btc is not a bubble, it's a storage asset
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But the cost of electricity is different, is the coin mined in Africa the same as the one in Iceland in terms of value?
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This thought dimension is indeed high, it feels enlightening
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No wonder he is so obsessed with energy, it turns out btc and TSL share similar logic
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Is this just another way to whitewash energy consumption? Forget it, just listening is fine
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So coin = energy storage device? Then what happens to inflation?
View OriginalReply0
RamenDeFiSurvivor
· 12-01 03:34
Energy is the real value, this perspective is incredible.
Elon Musk dropped an interesting take during his chat with Nikhil Kamath. His view? Energy is what really matters as currency, and Bitcoin's entire foundation rests on energy itself.
Think about it—mining Bitcoin demands massive computational power, which translates directly into energy consumption. Musk's point cuts through the noise: while most see BTC as digital money, he's framing it as stored energy in a different form.
This perspective flips the usual narrative. Instead of debating Bitcoin's legitimacy as currency, maybe the real question is whether we're looking at energy transformed into a tradeable asset. The whole proof-of-work mechanism becomes less about securing a network and more about converting electricity into digital value.
Not exactly a mainstream take, but coming from someone who's reshaped multiple industries, it's worth chewing on.