Comments by "earthstick" (@earthstick) on "The Immaculate Conception: Bitcoin vs Fiat Standard | Dr. Saifedean Ammous | EP 203" video.

Bitcoin is finite. When something is finite, it is possible for one person to gain all of it. Clearly that is impossible if something is infinite, because there is no all. Mining is the process of validating the integrity of new blocks on the chain, and the reward is new bitcoin. But once the limit of 21M is reached, the mining reward becomes the aggregate transaction fee of all transactions in the block, I.e. it is taken from the existing bitcoin. If a miner were to always keep the reward, they would eventually gain all the bitcoin. To mine requires electrical energy. I think it is essential to denominate energy price in bitcoin, because only then can you force the miner to give up some of their bitcoin, and ensure a circular economy.
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