How Bitcoin Mimics the Earth’s Resources
Bitcoin is all the rage. It is once again having a heyday, just like it did in 2017.
My history with Bitcoin goes back even further than that. I dated a guy who told me about this digital currency set to change the world… in 2011.
Like everyone at that time (and most people now), I listened in one ear — then rolled my eyes — and let it slide out the other ear.
He was one of those techie-types, so my eye roll held two incorrect assumptions: 1) that Bitcoin was some niche techie thing, and 2) that techie-types weren’t going mainstream. I mean, look at us a mere 10 years later. We can hardly survive unless we have some amount of “techie” pumping through our veins.
To answer your unspoken questions — yes, I am kicking myself for that expensive eye roll. If I had purchased one Bitcoin in 2011, it would have cost me… oh, around $10. Maximum. Today Bitcoin charged upwards once again to about $39,000 per coin. That means I could have spent $100 in 2011 to buy 10 coins worth $390,000 today.
That’s a pretty good ROI if you ask me.
It’s easy to play the “Oh, I wish I had bought in 2011” game. But, let’s get real. Even if I had purchased at that time, I most likely would have:
- Bought some pizza with Bitcoin by now
- Sold by now
- Lost my private keys by now
- Or, had my keys stolen off Mt. Gox by now
So I don’t dwell on the past too much. But I do look at the present and future with interest.
I’ve been watching and learning about Bitcoin during it’s recent rise to the top. And I’ve come up with what I think is an interesting concept. (I trust you’ll let me know in the comments if you disagree with that statement.)
I believe Bitcoin is so alluring and powerful because it mimics Earth’s natural resources. And, we all know Earth is pretty powerful.
Read on to learn the five places I see biomimicry in Bitcoin.
*Disclaimer: This is not financial advice. I am not telling you to buy, sell, or hold. I am also not claiming this as fact. This is simply a way I conceptualize this cryptocurrency related to what I value most in my life. Our planet.
Ask any Bitcoin-positive person what the best feature of Bitcoin is compared to other cryptocurrencies. They will probably say: there will only ever be 21 million Bitcoin.
In other words, there is a predetermined, finite supply of this currency.
Can you even say that about any other currency?
No. And this is one huge reason for the hype. While it is true that the supply of Bitcoin can be broken down into much smaller amounts, the original protocol was written to produce a specific number of Bitcoin.
This is the number one reason I liken Bitcoin to a natural resource on our planet. It is because of this reason that it mimics the supply of all the other expensive and valuable non-renewable resources on Earth, such as gold, coal, oil, silver, and the often neglected finite resource — land.
Universally Available to Everyone (Theoretically)
“Bitcoin is a consensus network that enables a new payment system and a completely digital money… Bitcoin is controlled by all Bitcoin users around the world.” (bitcoin.org)
Some might consider Bitcoin the closest we have to the first global currency. It is not based out of the U.S., as is the U.S. dollar. It is not based out of China, as is the yuan. You get the picture.
This means that it shares similarities with the most basic of Earth’s resources regularly available to everyone around the world: sun, air, and water.
That may not sound like a big deal at first, but — it is a big deal. Those 3 parts of life I just stated are the building blocks of our lives!
Plus, just look at how the internet has changed our world. This is our best example of a human-made technology available to a majority of people on the planet. And what does it tell us? That being available to (almost) everyone makes it an incredibly valuable resource.
Having a financial resource available to a global network may show us that universal currency is as vital to modern human life as the sun, air, and water.
I think we can all agree; no one owns the Earth. People say they “own” portions of the planet. Someone can buy a plot of land in a country and claim they “own” it, and not allow others to trespass on their private property.
But no one owns the planet. No one owns the wind, air, and sunshine.
Same with Bitcoin.
This is straight off the bitcoin.org website:
Just like nobody owns the email technology, nobody owns the Bitcoin network. As such, nobody can speak with authority in the name of Bitcoin.
Satoshi Nakamoto created the network (though no one knows for sure who that is), while others helped steward it. But no one owns it. Instead, it is spread across an international web of servers. And people can only own Bitcoins, but they cannot own the network.
Survival Through an Interconnected Web
We live on an interconnected planet. There is no escaping that fact anymore.
Climate change tells us that our everyday actions affect the greater whole of the planet.
In other words, many of us are slowly waking up to see that what we thought was an independent life in our one human body is actually a vast web of interconnectedness: we are all linked to some extent. And it is because of that interconnectedness that we will either thrive or die.
Same with Bitcoin. Bitcoin relies on the interconnected web of servers to work. If those aren’t operating — there is no Bitcoin. Just like if there are no bees to pollinate our plants — there is no food.
Value Can Be Derived From Finite Supply
Right now, humans do not understand an important fact of our natural world. We like to think that we can continue to mine and extract oil and precious metals each year. So we are willing to risk greater environmental degradation to do so.
Instead, we should realize that their finite nature makes them precious and valuable, and trend away from them.
Wind, sun, and water are around all day — every day — on some part of Earth. But it’s not every day you find gold and oil.
It’s not every day you can find stores of Bitcoin, either.
Bitcoin is like digital gold in many ways. Like gold, bitcoin cannot simply be created arbitrarily; it requires work to “extract”. While gold must be extracted from the physical earth, bitcoin must be “mined” via computational means. (Investopedia.com)
I am not here to tell you whether or not to hop on the Bitcoin train. I’m simply here to say — it’s pretty fascinating how this digital currency seems to mimic our Earth’s precious natural resources by:
- Having a finite supply
- Being (theoretically) available to everyone
- Being decentralized without a single owner
- Surviving via interconnectedness
- Having value due to a finite supply
No one knows where this cryptocurrency frenzy will take us. But I argue that one thing is sure; it would be amazingly ironic if Bitcoin could spark the radical consciousness shift needed to remember that many of Earth’s precious resources are limited. And it would behoove us to accordingly revise our lifestyles to avoid complete destruction.
If that happened, at this pivotal moment in our planet’s history, there’s no doubt that Bitcoin would definitely be worth its weight in gold.
Thanks for reading! Do you care about our Earth as I do? Then sign up for my free Earth Lovers newsletter so we can figure out, together, how to upgrade our consciousness to a deeper Earthly connection.