Cool article Patrick, as always from you.

I think getting too much interested in the investment prospects of Bitcoin might be missing the point though.

The business case of mining Bitcoin, seems to drive adoption of solar energy much more than anyone oriented for profit sees, or wants to see.

In truth, every Bitcoin minted has contributed another increment in solar energy capacity.

So the value of each one has two components, one representing a fixed amount of capital, and the other a time dependent term, representing energy flow, measured in Joules per second.

One term tends to zero, whilst the other tends to infinity, with time.

There, is the mathematical proof of the end of Capitalism, I think, and the beginning of something new, the end of scarcity itself.

The challenge now is to try to imagine how that new world will work, when profit is no longer possible, how will the transfer of wealth between humans be done?

A further analysis is in my story about a “Kardashev hinge”.