Electricity based currency

Who needs a gold standard? Let’s price everything in kilowatt/hours. Electricity is something we all depend on. When the third industrial revolution really kicks off and each house generates its own power, then owning land again becomes a source of income.

Will the currency devalue as thongs become more energy efficient, or as energy becomes easier to produce/cheaper? Look buddy, if you want me to take that line seriously, tell me what you think of dollars or fiat currency as a store of value m

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Posted on December 1, 2011, in Uncategorized and tagged . Bookmark the permalink. Leave a comment.

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