Bitcoin Course | Big Picture Basics 2.4 – Wealth is Energy

Video Transcript:

[Music] I say the word work you probably think of your job or your business and that is something that you convert your time and your energy into money and those two properties I think are pretty much the most valuable two things in this world and so what the physics definition of work is is the transfer of mechanical energy essentially and that’s essentially what we do with our time and our energy is we convert it into money and so when money is our storage of energy because we turn that money into buying something else and so that’s its intrinsic value but does it have intrinsic value in its current form not really because that amount of energy that was created or destroyed we transferred it from somewhere through our work through our labor that energy we store in our money but what happens when the government print more of these units it’s well the energy from the storage that we have is siphoned off to part of those new units because as they purchased things their energy wasn’t created as the money was created it was transferred from the existing money in circulation our savings our salaries and so we need to preserve our energy and you preserve it by storing your energy in certain things Fiat money as we said loses energy over time gold had a historical value as energy storage because you spend a certain amount of of energy processing a certain amount of rock to then receive that quantity of gold so it’s its energy storage is locked within time so gold over time preserves energy and that’s why its value appreciates the Bitcoin comes in as this network of energy that’s entering the network as a live stream and so that has the opportunity of a fixed Supply asset that appreciates in over time and therefore its value appreciates over time [Music] additionally