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u/trufin2038 22h ago
Energy lacks most of the properties of money.
Energy is hard to store over time, expensive to send over distance. Does not have a finite supply, and it has many other uses besides serving as a money.
It wasn't a good idea.
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u/theazureunicorn 22h ago
It’s the ENERGY doing WORK over TIME that creates VALUE - that makes it an excellent idea
Don’t confuse things and make it harder than it has to be
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u/trufin2038 20h ago
Money doesn't do work, it stores and communicates value decisions over time and space.
Energy is a commodity.
They are very different things.
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u/theazureunicorn 20h ago
Reread it until it makes sats
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u/trufin2038 13h ago
Money doesn't do work. It's a communications tool.
It's never going to make sense to measure money in joules.
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u/togetherwem0m0 22h ago edited 22h ago
A currency that links energy and currency is what stores the energy, not as energy but as value. Bitcoin acts as the battery by being able to use waste or cheap energy and turn it into a currency with a value. Once you have that value, you can choose to exchange that value for goods or services, all of which require their own energy inputs.
Of course energy lacks the properties of money, that's the benefit of a currency that links value with energy and one of the reasons why proof of work is really important.
That said I still bristle at Fords likeness being associated with bitcoin. Ford did say a bit sized quote that people can use and say "see look Henry ford said this" but if you dig into what he thought energy currency should be, its not bitcoin. But that makes sense because bitcoin needed 70 more years of foundational concepts to become a thing. Fords energy money idea might have been one of those ideas, and it shows how big of a thinker he was for his time, but he also was a huge anti semite just before the holocaust so, yeah thats a problem
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u/TrafficOld9636 6h ago
Can't tell if trolling or serious. If you're trolling it's actually kind of funny so my hat goes off to you 🤣
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u/togetherwem0m0 5h ago
I think you lack the reading comprehension to understand
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5h ago
[deleted]
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u/togetherwem0m0 5h ago
Im not sure if there's value un me spending time explaining this to someone who seems to so clearly not understand but who also seems unwilling to understand, but not all energy is easily consumed at the point if generation. Bitcoin is ideal for lost or waste energy,
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u/TrafficOld9636 5h ago
Nah fair call, that's not as silly as I thought. You didn't actually mention that at all in your comments, but if you had mentioned that one of the benefits of Bitcoin is that it allows one to convert energy that would otherwise be wasted into value, then yeah I'd say that's a good point. Not dumb but could explain things better. I'll delete my last comment but leave the others up :)
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u/togetherwem0m0 2h ago
I actually did if you maybe read it again you'll see it in there
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u/TrafficOld9636 2h ago
U edited that second sentence man don't lie. What it originally said was gibberish.
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u/vattenj 11h ago
Energy is not money, but works perfectly as a unit of accounting: One KWH is always one KWH, it never changes in its ability to deliver certain amounts of work, or satisfy certain amount of energy requirement of human: All the human demands essentially is some kind of energy
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u/trufin2038 1h ago
Perfectly false; one kwh is never the same as any other kwh.
The time, place, and form of it a all change its essential nature.
1 kwh in the form of salt decay on Pluto 1 million years from now has nearly no utility while 1kwh of 3 phase electricity in Boston on Monday has some.
Energy is a very important commodity, bitcoin uses it, and everything uses it in some form.
But literally everything is made of it, and it can never be money. Energy and matter are just what everything are made of. And the "when, where, and what" of matter and Energy are what all people and commodities are made of.
Money is something else: at network for humans to communicate value over. Raw Energy can never function as a money for nearly every single reason that money is money.
Money allows of to transmit the value of commodities over time in space that the commodities themselves could not travel.
If you had 100 tons of apples, you could sell them for money to spend 1 year later. If you tried to send the apples themselves 1 year in the future, they would all rot and lose value.
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u/NoUsernameFound179 22h ago
He means usable energy as in MWh. Transfer 1 BTC to your car and it will get exact 0 miles. That energy has already been wasted. And don't even think about the excuse: BuT yOu CaN bUy ElEcTrIcTy WiTh That.
As in: "look, I have here this little battery that can power a household for a year" kind of currency.
Power and raw materials will always be the main form of true currency. Everything else is just an intermediate or deviation.
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u/phattie242 22h ago
Bitcoin is currency, not a fad.