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Bilal Ashraf
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The whole premise that is required for the universe to function is conservation of energy. The energy itself is what creates the cost to a copy. A person without energy is a ghost. An object without energy is an image. Commodities without energy are coupons. Money without energy is credit. Having a cost to a copy is what creates scarcity. The idea of scarcity of money is the same as saying: if money is conservative, then everything else will be conservative. If money is non-conservative, the world goes insane. The problem we have right now is, although the world wants to be digital, there is no digital money. There is only digital credit. What you have is credit circulating on a digital network. Any politician can decide to print as much as they want whenever they want, which means that they’re all lapsing in energy content anywhere from 10%-90% a year. Over time, the entire system is collapsing because there’s no energy backing it. —Michael Saylor
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