Monday, January 4, 2010
The new international currency: kilowatt hour tokens !
I am grateful to Robert Hahl for drawing my attention to the new currency or quasi-currency: kilowatt hour tokens.
This unit of currency is the same the world over – indeed it’s the same the universe over. Inflation cannot erode its value. Though if someone invented some ultra cheap source of power, this currency would lose its value somewhat. But this is unlikely to happen. Like gold, power is a universally accepted commodity. It’s the perfect currency.
This idea is original and humorous. It’s ideas like this that can cause ostensibly more sophisticated ideas to come crashing down. I don’t think kilowatt hour tokens will drive other currencies out of business, but this is a cute idea and merits some thought.