Musk: Energy is the true currency, Bitcoin is based on energy.

Source: BlockMedia Original Title: Elon Musk “Energy is the true currency! Bitcoin, energy-based currency” Original Link: https://www.blockmedia.co.kr/archives/1013022 Tesla CEO and the world's richest man Elon Musk recently broke his silence on Bitcoin in a podcast, describing it as “essentially a physics-based currency.”

Musk stated: “Energy is the real currency. Therefore, Bitcoin is based on energy. Energy cannot just be created through legislation. Simply legislating will not suddenly produce a large amount of energy.” He added that generating energy or utilizing energy in a practically usable way is very difficult.

In addition, Musk advocates for the introduction of the “Kardashev Scale (a method of categorizing civilizations based on their energy consumption)” to explain the development of civilizations from the perspective of energy utilization.

Future Money Will Disappear

Musk further predicts that the concept of “money” itself will disappear in the future. He stated: “In the future, when everyone can have what they want, currency as a labor distribution database will no longer be necessary.”

He suggested that the development of artificial intelligence and robotics will be sufficient to meet all human needs, ultimately eliminating the need for money. Musk uses the example of science fiction writer Iain M. Banks' “Culture Series” to illustrate this vision. The series is set against the backdrop of a civilization that perfectly realizes the concept of a “post-scarcity society.” The “Culture” civilization spans the entire galaxy, with no concept of money or scarcity, work being optional, people living extremely long lives, and superintelligent AI managing almost everything.

Musk added: “In the distant future of the 'Cultural Series', there is no money. People can have almost everything they want.”