News 
How Sports And Bitcoin Exemplify Low Time Preference And Efficient Energy Expenditure
□ Dec 19 2021 □
Published
at Bitcoin Magazine
under tags
adoption
bitcoin treasuries
culture
marty's bent
proof of work
Sports and Bitcoin both transform energy through low time preference into appreciable proof-of-work rewards.Preface: All human action stems from the desire to increase our supply of accessible energy reserves. Humans act to transform energy from inaccessible to accessible. We seek to acquire energy reserves to provide security for an unpredictable future. The more energy reserves we have access to the...