Frederick Bott
1 min readJul 24, 2021

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On paper, By Metcalfe’s law, Eth has higher value than Bitcoin, by having higher utility.

But the utility of Bitcoin is still being realised.

Bitcoin came first and that can’t be changed.

So Bitcoin leads in establishment, and that won’t change.

So Bitcoin has the higher power demand, and that won’t change.

Whilst Bitcoin is something profitable to mine, mining will continue.

Whilst the most profitable form of power for Bitcoin mining is solar, solar power infrastructure will be expanded, to mine more Bitcoin.

And when the Bitcoin mining is done, the solar power infrastructure created to create Bitcoin, will be put to use supplying power for other things.

In other words, Bitcoin can be credited with our switch to solar power.

In fact, if in the end we switch from Earth-bound power, to solar power as a result of Bitcoin, every Bitcoin will be worth a megawatt of solar power installation.

So, if solar power became the only acceptable form of power, holding Bitcoin would be the authority of anyone wishing to use it, for whatever purpose, without causing harm by using more than we should.

We might wish to use that to generate our own personal proof of work tokens, maybe using Eth, to put in markets.

Maybe that is how things will happen, maybe it isn’t

It will be a very different world if it does.

The fiat value of things are just a means to that end, it seems to me.

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Frederick Bott
Frederick Bott

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