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Frostie-Flake
Peter McCormack
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Comments by "Frostie-Flake" (@PlanetFrosty) on "Doomberg on Energy" video.
Great interview and very insightful. Thank you for taking interest in these topics. This is very import topic if we’re going to be honest.
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Gold is losing is value as an asset because speed of settlement matters. It’s a useful commodity for industrial uses, but it’s medium of exchanger or a store of value is declining by not keeping up with inflation.
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Bitcoin’s Lightning Network makes bitcoin useful currency. Bitcoin money is what people accept as a medium of exchange not government backing as essential. Transaction through Lightning will rise Bitcoin’s value exponentially.
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Doomberg certainly does an excellent job with competent science understanding and solid economics. He and you did not address the economic factors of nuclear. The cost is heavily driven by excessive regulation. Again, excellent interview.
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What Doomberg misses is bitcoin as the secure digital bearer instrument globally. My company is working on global routing and increased fiber onion optic capacity. He’s also wrong on China because its debt to GDP was in fact 600%. Its accumulated more debt than the rest of the world combined and non productive industries. It’s a giant Ponzi just like FTX.
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