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Our flawed perceptions of Currency (as explained by MatPat)
Posted: February 1st, 2020, 2:15 pm
by Durzan
TL;DR... currency is dependent upon its perception of value and the needs of its society. Now go back and watch the video and see what else you can get from it. You'd be surprised what you can learn from a video game.
Re: Our flawed perceptions of Currency (as explained by MatPat)
Posted: February 1st, 2020, 10:09 pm
by BeNotDeceived
https://wiki.p2pfoundation.net/Energy-Backed_Currencies
... "I would like to make a simple proposal that we consider using some form of energy as the unit of measurement and as the reserve currency for redemption purposes. It is generally recognized that energy is a factor in all forms of production and in meeting the needs of society as a whole. In this respect gold, commodities or resources that provide essential energy are replacing gold as the traditional form of reserve currency. Thus oil is referred to as "black gold."
In brief, to outline how this transfer could take place, let us begin with energy production. Almost every community has renewable resources for producing energy. Such resources could be wood, wind, hydro, or waste material that can be burned in a modern furnace, such as a pyrolytic burner that converts wood wastes or other wastes into gas, oil, or charcoal. All such energy sources can be converted into electricity or measured in kilowatt-hours."
http://eddiesblogonenergyandphysics.blo ... acked.html
"Every couple of months, the Federal Reserve takes a look at the average price of electricity paid by all customers (industrial, commercial and residential) in the US, and then shifts their monetary policy in order to keep the average price of electricity a constant at the average price of electricity at time that the US decided to switch to a electricity-backed currency. The Federal Reserve could do this by some combination of: 1) Printing or Removing Dollars (depending on whether the prices were dropping or increasing); 2) Increasing or Decreasing the borrow costs (depending on whether the electricity prices were increasing or decreasing); or 3) Increasing or Decreasing the percentage of bank deposits that must be held in cash (depending on whether the electricity prices were increasing or decreasing)."
http://www.theoildrum.com/node/5269
"....international trade should be denominated not in dollars, but in energy ...
Yup
Yummy , but not energy backed money.

dbnp
Re: Our flawed perceptions of Currency (as explained by MatPat)
Posted: February 2nd, 2020, 8:36 am
by Durzan
Energy backed money makes sense to me.
Re: Our flawed perceptions of Currency (as explained by MatPat)
Posted: February 2nd, 2020, 10:36 am
by Bronco73idi
I think currency that is controlled by the 4th kingdom is the mark of that kingdom. You can’t buy sell or trade without this mark (To a certain extent).