The more energy we generate, and even one could argue the more diversity of energy we generate, the more opportunities we have to improve our productive knowledge. Thus, in order to improve our ability to generate energy, we must first generate energy. Inevitably, Hidalgo found that countries move from the products they already produce to new products which rely on similar productive knowledge. We need productive knowledge to operate industries, and industries can only be operated if we have productive knowledge. This quickly leads one to the realization that accumulating productive knowledge requires those industries to, in the first place, exist, and in the second, to provide opportunities to advance our knowledge via continued operation. In other words, the idea of a nuclear power plant built and run entirely by Ph.D.s who have never operated a power plant a day in their lives is a frightening notion. Industrial knowledge emerges only when we actually build and operate things.Ĭésar Hidalgo, one of the foremost thinkers in the field of "economic complexity," finds that such knowledge only comes from direct experiential learning, not from universities and books. Human knowledge does not only emerge in the vacuum of academia. Why? The simple truth is that for us to get better at deploying, maintaining and improving your preferred method of energy production, we need to actually build more of that energy production! Whether you support huge deployments of solar and wind energy, nuclear or even think we should actually use more fossil fuels, you should support humans using more energy in aggregate. The bottom line is this: Energy is the master resource of human civilization and we should always be aspiring to become better masters of energy. Even our ability to mitigate the environmental impact is a function of how much control we have over energy. So do geopolitics and the matters of war and peace.
The reality of how humans innovate and accomplish important things is intimately tied to our control over energy. See also: Can Crypto Miners Make the World Greener? However, the path to environmental security and the path to economic security is the same path: increased mastery over energy. I sympathize with and share the view that maintaining a habitable planet is an important goal. I recognize that this is a controversial stance in today’s world of climate concerns. In fact, energy use itself is good because humans benefit from using energy, and the more they use, the better. However, very little has been written about how Bitcoin’s energy use is actually good.
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