What happens to Bitcoin when free energy is available?

[Xenland]

So yeah i keep getting lost in thought on this one whats your take on it?

[Spekulatius]

Free energy, like you own your own dam??

[epetroel]

Probably the same thing that happens to bitcoin when hell freezes over

[adamstgBit]

So yeah i keep getting lost in thought on this one whats your take on it?

free energy!  
well i wouldn't need to pay a hydro bill,
so maybe I'd have more money bitcoin?

[Cablez]

What energy is free?  Like hamsters going in a wheel?

[Koekiemonster]

What energy is free?  Like hamsters going in a wheel?

If they wouldn't eat.. Damn, I pay almost less for my own dinner..

[ElectricMucus]

The universe would heat up till it is no longer possible to maintain a liveable environment making it irrelevant.

But assuming free energy also would come with 100% efficient computing it would simply be about the space occupied by those machines. Not that big of a deal.

[beckspace]

Energy requires resources.

Resources are scarse. Desires are not.

In Star Trek universe, Holodeck comes into play.

http://en.wikipedia.org/wiki/Holodeck

And we don't need Bitcoin anymore.

[ElectricMucus]

Energy requires resources.

Resources are scarse. Desires are not.

In Star Trek universe, Holodeck comes into play.

http://en.wikipedia.org/wiki/Holodeck

And we don't need Bitcoin anymore.

Not everything sold depends on resources. And not all desires are of a material nature.
That said I think even then there would be a need for currency.

[thezerg]

Actually the fascinating concept here is energy storage or transmission using the bitcoin network. What i mean by this is if extra solar or wind capacity is used to mine BTC, and conversely BTC miners shut down during peak hours regionally,  we will have the same effect as if excess energy in in one region was sold and transmitted to another region.  But without transmission losses!  Bitcoin is awesome!

[Blind]

Energy requires resources.

Resources are scarse. Desires are not.

In Star Trek universe, Holodeck comes into play.

http://en.wikipedia.org/wiki/Holodeck

And we don't need Bitcoin anymore.

And how would you obtain your new shiny Holodeck?

[Xenland]

I'm talking about these techonoliges i've heard about investors creating stuff in the past 100 years or so where the cost of electricity to run batteries generates more energy then it takes to run the batteries. I guess the gov and other rich companies raided these inventors and thus oil continues to rain.. I digress. What will happen in this case of free energy?

[Bjork]

Like solar / wind power? eh..

[Zotia]

If energy is not a limiting factor, other things will be:
-Space (with high enough difficulty, a room full of computers wouldn't get you minimum wage)
-Computation speed
-Cost of labor (with high enough difficulty, people will realize they are making less than minimum wage setting up computers)
-Heat (even with free energy, heat will be a problem as you will need fans or air conditioning)

...and so on

[cloon]

I'm talking about these techonoliges i've heard about investors creating stuff in the past 100 years or so where the cost of electricity to run batteries generates more energy then it takes to run the batteries. I guess the gov and other rich companies raided these inventors and thus oil continues to rain.. I digress. What will happen in this case of free energy?

only one thing to say:
conservation of energy is a law of physics. It states that the total amount of energy in an isolated system remains constant over time.
http://en.wikipedia.org/wiki/Conservation_of_energy

if you profe this wrong you'll get the nobel-prize!

[MrTeal]

I'm talking about these techonoliges i've heard about investors creating stuff in the past 100 years or so where the cost of electricity to run batteries generates more energy then it takes to run the batteries. I guess the gov and other rich companies raided these inventors and thus oil continues to rain.. I digress. What will happen in this case of free energy?

only one thing to say:
conservation of energy is a law of physics. It states that the total amount of energy in an isolated system remains constant over time.
http://en.wikipedia.org/wiki/Conservation_of_energy

if you profe this wrong you'll get the nobel-prize!

Who cares about a Nobel prize, if you play your cards right you could own half the world, and possibly more.

[Xenland]

If energy is not a limiting factor, other things will be:
-Space (with high enough difficulty, a room full of computers wouldn't get you minimum wage)
-Computation speed
-Cost of labor (with high enough difficulty, people will realize they are making less than minimum wage setting up computers)
-Heat (even with free energy, heat will be a problem as you will need fans or air conditioning)

...and so on

Interesting thoughts... I shall ponder on this.

[CosicMiner]

When we have free energy, bitcoin will be used to control distribution of global and extraterrestrial resources..

[AndrewBUD]

My rigs run on free energy (free for me)

[jojo69]

free...

energy...



step away from the silk road brother