Express

Does Bitcoin Realize Henry Ford's Dream of Energy Currency?

Claudia Rivera

Summary: Energy currency, unlike gold, can not be controlled, argues Ford (bitcoinist). For every hour of energy exerted, the standard value of energy would equal $1.  Bitcoin, out of it's 80% of existence, correlates closely to the raw Joules needed to create it. Bitcoin can be determined by kWh, which is Ford's standard. Bitcoin's network currently ...

Energy currency, unlike gold, can not be controlled, argues Ford (bitcoinist). For every hour of energy exerted, the standard value of energy would equal $1. 

Bitcoin, out of it's 80% of existence, correlates closely to the raw Joules needed to create it. Bitcoin can be determined by kWh, which is Ford's standard. Bitcoin's network currently uses 6.9 million kWh of energy, but remains unique because of its decreasing inflation rate.

By Claudia Rivera

Last Update:

Tags: ,,
Link: Does Bitcoin Realize Henry Ford's Dream of Energy Currency?   [Copy]
Next:

Related Articles

  • The GENIUS Act & Stablecoin Regulation: BRG's Dominic Zagara on Crypto's Defining ... 23 hours ago
  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 4 days ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 5 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 8 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 9 days ago

    • You need to login to comment.