Henry Ford and Energy Money
Many people are aware that Henry Ford was a visionary business man, for his development of the assembly line and many other innovations but few are aware of his thoughts on a new monetary system.
His concept was for a currency based on electricity. LOL It took 90 years but lo and behold we now and a currency based on electricity. That currency is Bitcoin. It is the hardest, soundest currency ever created.
We are regularly blasted with the FUD that BTC uses more electricity than …….name a country. It is a rather juvenile, ill informed mess of nonsense. It is usually spouted by those who are opposed to BTC to begin with. It is born of ignorance. If one were to spend a second to examine the canard one would be compelled to ask one very simple question. Does it perform a service? If the answer is yes than that is basically the end of the argument. If the answer is no then there is no point going any further with someone ignorant of the salient facts.
Michael Saylor an engineer with 2 degrees from MIT has fully grasped the concept of energy backed currency. Ford was far ahead of his time as usual.
Ford thought big cities were doomed because of their complexity
Don’t know if he was a card-carrying Technocrat, a political movement that fizzled in the 1930s due to fragmentation. M. King Hubbert (the peak oil guy) was a founding member. A core idea was that money was driving unsustainable growth. Hubbert wrote the original study guide that made the case for replacing it with energy credits, an equal amount to everyone for them to spend as they wish.
Bitcoin spends energy to get money, which seems the exact opposite. But Hubbert would have defended your right to trade your allocation of energy for bitcoin.
What a conincidence (or maybe not) J.M. Greer just posted an article about wealth and illth, and the value of money:
I’m curious: how do you use Bitcoin in the middle of a power outage?
Considering that the future looks like a descending staircase, where energy supplies become dwarfed by demand, do you think it’s responsible to tie energy to money?
People seem to focus on the type of media rather than mechanism.
USD Bond Market creates a centripetal vortex using usury, to drive currency towards the top and center. Unless this fixed, it doesn’t matter what you use as money.
How about a system where you earn credit by giving all your money away? Brewsters Millions so to speak.
A centrifugal vortex that encourages lending rather than borrowing?
How do you use an ATM in a power outage?
How do you charge your electric vehicle in a power outage?
How do you use your computer in a power outage?
How do you log on to the internet in a power outage?
How do you get your microwave to make popcorn, toaster to make toast, coffee maker to make coffee, etc etc etc?
How do you order Ivermectin online?
How do you order from Amazon?
How do you pay for groceries?
What happens to all the frozen and refrigerated food in stores?
What happens to traffic w/o traffic signals?
What happens to HVAC systems ?
What happens at the airport?
Well I guess when power is restored things start up again.
95% of all USD are digital. What happen to USD?
Of course if power is never restored we all get to star in Mad Max 2.0. Then we can argue over who gets to play Mel Gibson.
I haven’t used an ATM in eight years.
I guess, that’s my point entirely.
Where you live, you anticipate Mad Max.
Where I live, I anticipate Little House on the Prairie.
To remark on Phred’s earlier point:
Big cities are doomed because they exceed the carrying capacity of their surrounding environment. A city could be defined as a human habitat that grossly exceeds it’s carrying capacity. This means constant, uninterrupted flow of resources in and the equal and opposite flow of waste out. If we were to take a walk in parts of Philadelphia or Chicago right now, you can see why the Mayans would just abandon civilization and walk into the wilderness. The United States is becoming a shithole country.
The idea that debt-based money is driving unsustainable growth appears to be accurate, though which came first the chicken of the egg? That Greer post even addresses this correlation.
That’s nice , Bless your heart
You’re avoiding my premise.
In a world where there is less energy every year than the year prior, how can you legitimize a currency based on the master resource (read: human supremacy engine) and it’s dwindling supplies?
How does bitcoin solve the issues of usury and centripetal velocity?
Greer talks about the concept of Illth, which modern capitalism regards as “negative externalities”. How does bitcoin address this?
A limited currency means limits to economic growth and eventual deflationary measures. How does bitcoin address these “tidal” forces?
Pretend like I watched the Crash Course over a decade ago, and actually have an interest in learning.
I really don’t care what your premise is.
I don’t have the time or interest to engage in a debate on Bitcoin with you.
Have a blessed day.