The energy is what it is, and it’s comparable to the cost incurred in securing fiat currency. “All forms of money have a relationship to energy,” said Stephen Pair of BitPay. He revisited the gold analogy. “Gold atoms are rare on earth because an intense amount of energy is needed to form them.” Gold is precious because of its physical properties, and those properties derive from energy. Pair mused that artificially manufacturing gold would require nuclear fusion.
