our current national currencies were initially based on the value of gold and silver. i have always found this to be quite strange; both are valued according to their scarcity as opposed to usefulness. if a person actually decided to exchange their virtual paper currency for the gold/silver basis, they would not be left with a product or commodity that has any immediate use, and whose worth rises and falls with no connection to usefulness. this was quite a change from the bartering based systems that they replaced.
enter the idea of Electric Money by Austin Houldsworth.
as anyone will tell you, energy is one of the major real commodities of the future. as more nations develop, sources and stores of power will become increasingly important. though i dream of a world with free energy, the reality is that such a vision is not likely to occur in the near future, or even the far future, for reasons both technological and financial.
the Electric Money project uses the idea of keeping electricity as a means of currency. the energy that a person collects from sources such as solar/wind/water and other means finds an immediate use in running housing utilities, gadgets and transportation. whatever is left over can be used to buy services and goods.
of course, there are some inherent problems involving energy lost due to heat dissipation, friction and other problems. electricity is not the only source of energy; hydrogen fuel cells and other indirect sources could be stored and traded as well.
i really think that this will happen soon, even within my lifetime. the power problem and a return to currency with real worth will make this idea increasingly attractive.
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