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RE: Will Bitcoin Become Evil?

in #book6 years ago

I was most surprised the other day when I learnt that when when Hitler broke away from the international banking system, he set the Reichsmark on par with an hour's work, and that it was on that basis that he rebuilt the German economy within a matter of a few years to the height it achieved between the wars. I have not double checked it, but that's the story!

Anyhow, what I have in mind is an insulated trading platform for real goods and services, that can only be traded in this market using a unique token that exists only on this platform and that by consensus has a purchasing power for one unit of energy. The value of the coin will be further protected by limited the amount available to each account holder. Energy is the parity of choice, because energy is a dominant component of the production input of mass produced essential goods and will become even more so the more production is automated by means of robots.

A closed off economy like this will be inflation proof and the value of especially high energy input essential goods should be quite stable, as the market will quickly notice when any product is sold for an exorbitant profit, giving competition enough motivation to move in.

Because the relationship between energy and production is for all practical purposes stable, this should give us an economy that is stable in the most critical part of it, namely the supply of essentials, on which the poor and people like pensioners heavily depend.

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