Hi Sofa, You're not the first to think everything boils down to energy. Henry Ford, the maker of black cars, also thought energy should be the basis of money and sought the U.S. Government's backing for an experiment: https://news.bitcoin.com/how-henry-ford-envisaged-bitcoin-100-years-ago-a-unique-energy-currency-that-could-stop-wars/
These days, Bitcoin's proof-of-work encapsulates the energy required to mine a new block on its blockchain, one block roughly every ten minutes, in its market value.
A fantastic read, time we started looking at all the alternatives as fiat currencies are nothing but a giant Ponzi scheme for governments to play with. All Ponzi schemes fail when people lose faith in them...surely we are edging closer to that point.
Hi Sofa, You're not the first to think everything boils down to energy. Henry Ford, the maker of black cars, also thought energy should be the basis of money and sought the U.S. Government's backing for an experiment: https://news.bitcoin.com/how-henry-ford-envisaged-bitcoin-100-years-ago-a-unique-energy-currency-that-could-stop-wars/
These days, Bitcoin's proof-of-work encapsulates the energy required to mine a new block on its blockchain, one block roughly every ten minutes, in its market value.
Cheers, Ralph.
A fantastic read, time we started looking at all the alternatives as fiat currencies are nothing but a giant Ponzi scheme for governments to play with. All Ponzi schemes fail when people lose faith in them...surely we are edging closer to that point.
Thanks for the link Ralph, off to do some more Sunday reading as I hadn't heard of this one. Enjoy your Sunday and all the best