Energy support call as the key to climbing Kardashev
Opinion: The founder of Andrew Cote, Hyperology
All Cryptocurrency suggests to replace the Fiat for the same reason. It is distributed, inflation resistance, and built -in trust in creating a transaction director outside the central control.
But the important cryptocurrencies are still with. Nothing is supported except what people think they are worth. The sponsoring currency of the product means that more products must be produced to increase the supply of money. There is no more important product for economic growth than energy. Suppose you want to meet the fiscal incentives of capital revenue. In this case, there are only things you need to do: display the calls supported by energy.
Fiat currency defects
Fiat calls can be divorced with real value creation economic activities over time, while product support calls must be adjusted for incentives for economic value production.
An important defect in all Fiat currencies is that the volume of the circulation is not related to the basic production factor. In contrast, product support calls should be produced more in proportion to the new currency introduced in the economy. The US dollar was backed by gold. Increasing money supply meant to acquire and store more gold in the Federal Reserve Bank. Richard Nixon ended in 1971, when the United States could not carry out its obligations to repay US dollar holders with gold. France sent a warship to collect gold from the NY Federal Reserve Bank, and the United States has cut off its promise to support the US dollar, which can be repaid by gold.
Recent: Indonesia
It is a gold product, but it is not a common factor in production in other industrial processes and value creation. In the ideal world, we will support the currency as a product. Let’s explore the capitalist market as an evolutionary search algorithm that maximizes profits as indicated by a specific currency and maximizes profits. We must recognize that the choice of products used to support the currency is a compensation function to guide capitalist companies.
Energy production incentives
The most important production factor in all economic activities is energy. Incenting more energy production is the best recipe for economic growth.
The biggest inflection point in human welfare and prosperity is exactly exactly when unlocking additional sources of cheap energy. The Industrial Revolution was fueled by coal and society, and society occupied a greater height through oil and refined it with gasoline and aviation fuels. The more energy society is, the richer and more reverse. There is no country that lacks energy.
We must encourage the production of as many energy as possible and instruct it as a value creation activity. The easiest way is to set up a call that is supported by energy.
Energy support calls automatically sort incentives to ensure the wealth and material abundance of civilization in the order of Kardashev.
Always find the best profit by taking into account the capitalist economy as a means of exploring possible space of possible business models. Therefore, the speed of the overall speed of economic development of economic development is set by the availability and price of energy. Using energy support calls show capital revenue. We find a perfect alignment between the production of capitalist economic machinery and the necessary inputs. It produces as much value as possible and indicates as energy and generates more energy to further growth and expansion of the market.
Energy support currency is the best mechanism for automatically adjusting all incentives of economic activities. Monetary calls can generally create distorted incentives born to speculative craze to encourage the destruction of actual financial values, and products that are not important factors of production have to secure scattering funds of unproductive data and demand scattering of non -banctuary data. Create similar incentives. Federal preparation houses are nothing other than the gold bar.
If you climb the Kardashev scale, you get as much energy as possible, use it to get as much energy as possible and use it to produce real economic value. The ultimate promise of blockchain technology is not the Fiat’s Fiat beyond the replacement of the money, but rather be beyond the design of an incentive structure of the novel towards the individual for the largest positive Suba game we can play. The answer is the first principle of thermodynamic capitalism and practical psychology of market mechanism: Energy support currency is the best way for future growth and social abundance. Sorry, Fiat, your day is numbered.
Opinion: The founder of Andrew Cote, Hyperology.
This article is for general information purposes and should not be considered legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
