Bitcoin and a Law of Conservation of Energy

Alex Millar is a blogger, podcaster and YouTube publisher, with a grade in Engineering Physics from Queen’s University in Kingston, Ontario, Canada.

In this opinion piece, Millar expounds his theory that income is energy, arguing that bitcoin provides a higher choice to fiat currencies from a quite systematic perspective.

newton's cradle, energy

In physics, a clarification of “energy” is “that that allows work to be done.”

This means that income is energy, given it can be used to do work around payments to people. The appetite in income can be suspicion of as “economic energy”. Economists call mercantile appetite “price” and magnitude it in terms of “euros” or “Kenyan shillings” and so on.

But, these units are epitome since their apportion changes over time. Physicists would cite to use units such as joules or kilowatt-hours, that have a petrify basement in earthy realities of mass (kg), length (m), and time (s).

Since income is appetite we can request a Law of Conservation of Energy, that says: “Energy can't be combined or destroyed, merely transformed.”

You competence remember examples of this law from high propagandize science: a toaster transforms electrical appetite into thermal energy; a blender transforms electrical appetite into automatic energy.

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