In this post, we’ll explore the nature of energy and power and how Bitcoin can leverage both to enhance social security, financial security, cyber security and national security.
What Is The Nature Of Energy & Power?
Energy is about capacity. Power is about speed.
Energy is joules. Power is joules per second (watts).
For example, if energy is the amount of water there is in a bucket, then power is how quickly you can empty it.
Both energy and power have been the driving forces behind human evolution and technological advancement.
Power is the capacity to channel energy. The rate at which energy is transferred.
How Bitcoin Leverages Energy & Power
Bitcoin relies on Proof Of Work mining to validate transitions and maintain the network. This process requires significant electrical energy and significant computational power.
Thus, Bitcoin leverages energy and power to optimise social security, financial security, cybersecurity and national security. Below we’ll unpack each.
- Bitcoin & Social Security
Firstly, Bitcoin enhances social security by allowing anyone with internet access, including unbanked or underbanked populations, to participate in the global economy.
- Bitcoin & Financial Security
Secondly, Bitcoin enhances financial security by reducing the risk of fraud and eliminating the reliance on central financial institutions, which can be points of failure.
- Bolstering Cyber Security
Thirdly, Bitcoin enhances cyber security by making it highly resistant to hacking, fraud and unauthorised access, eliminating single points of failure and ensuring system robustness.
- Strengthening National Security
Lastly, Bitcoin enhances national security by allowing for better tracking and monitoring of illicit activities such as money laundering and terrorist financing.
Summary
Both energy and power have been the driving forces behind human evolution and technological advancement. Energy is about capacity. Power is about speed.
Bitcoin’s Proof Of Work system leverages energy and power to optimise social security, financial security, cybersecurity and national security.
