Frederick Bott
2 min readMar 4, 2021

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I agree with you in everything you’ve said here and even your conclusion, that we can’t trust our species to do the right thing, but to me the underlying driver is profit, we always succumb to the wrong decisions, and always will, as long as profit plays a significant part.

I believe that can be fixed by acknowledging all human financial debt traces back to extraction of energy from Earth, in one way or another, in fact the very idea of accounting in terms of discrete packets of wealth comes from all things extracted from Earth, and sold at profit, all of which was created firsthand by the energy of the sun.

So our debt that we perceive as owing financially to one another is actually an energy deficit, owed to our planet.

I think this started to change with Bitcoin, which appears to be a form of money as sunlight, when we examine it closely, which is being exchanged for money-as-debt, which leads to the end of scarcity, and thus the end of profit.

The end of scarcity is something pretty profound, there we see things like efficiency and cost being no longer relevant, and of course the end of things like oil and nuclear.

Cutting to the chase might be done by the banks acknowledging and declaring this, especially as they seem to be partaking in the great exchange of Bitcoin.

After all, they would be infinitely richer also, as well as everyone else.

This also maybe explains why money given out as stimulus in terms of fiat currency, actually rises in value, contrary to the old zero-sum dilution of capital expectations, and why things like oil even go negative price, in the face of massive stimulus.

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Frederick Bott
Frederick Bott

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