I've been doing a lot of thinking lately about potential alternatives to fiat currencies and the gold standard that can be agreed upon based on physics, in a similar way to how the Kilogram is now defined by a bunch of math and universal concepts instead of "this shiny rock is the kilogram, every measurement is based on this shiny rock cause frankly we need to base it on something."

The concept I've imagined is based on the Landauer limit, that is to say the minimum amount of energy needed to change one bit of information in a computing system at a known ambient temperature. This would create a standard based on energy and/or computational work reserves. Countries could then peg their currencies to this unit (lets call it a Thermodollar and base its smallest unit around 10^12 bits erased at 300 kelvin, roughly 2.87 microjoules) either at a fixed rate or at a band. An auditing system would have to be set up by an IMF like international group, who would then manage the standards and certification of different nations and their power generating/computational abilities in accordance with internationally agreed upon standards. You could even have it be done automatically with a ledger like its a shitcoin.

Any thoughts on my stupid idea?

Isn't Bitcoin continually approaching the value of a thermodollar (or some big multiple of it)

>>60505912 (OP)
Anon just solved inflation, give him the noble prize.

>>60505917
I'd say Bitcoin is the reverse idea, a common use currency based on consumption from an energy supply with a fixed limit, while Thermodollars are reserve currencies based on energy production before its use in computation that is inflationary based on actual economic growth (or at least growth in the power sector, which doesn't exactly mean that power is being used well but I suppose a country could always sell off their excess power)

your idea is based upon heavy computational infrastructure and maintenance. it fails for the same reason btc will fail: entropy.

PMs can transact off chain, because their energy structure is a fundamental arrangement of protons and neutrons. immutable and standardized by the laws of nature itself.

what if i told you the world has already entered a tipping point whereby the total energy burden of extracting natural resources/energy, globally averaged, is well below 10:1 EROI. complexity will by necessity decline from here. your idea relies upon MORE complexity.

>>60505980
In theory, little energy is needed to transact BTC on-chain. SHA256 can be computed even by hand using just pen and paper, though it’s certainly not recommended. The difficulty adjusts itself if needed to reflect outside conditions (like decreasing usable energy). Am I missing something here?

>>60505980
Sorry, what is this ratio supposed to mean? EROI?

>>60505912 (OP)
a standard unit of energy is already sufficient as a base for a currency, you'd just be changing the units from one kilowatt-hour to 2.87 microjoules. I think energy is probably more relevant than value in dollars, since dollars can be printed unfairly and if you have more energy that's adaptive/meritocratic.

3 words. Subjective Value Theory.

Pegging the currency to an output of energy doesn't actually do anything. Countries and individuals will still make terrible financial decisions based on their emotions. Fuck, they'll still overpay for that minimum energy exchange.

>>60505912 (OP)

>>60506469
>claims he can solve encryptions by hand
>doesnt know what return on investment means
Tai lopez (aaron lopez sephardic jew slave trader descendant) is that you?

>>60507199
what has one to do with the other? also I don’t who you’re talking about

>>60507276
Dude stfu you are a kike.

>>60507341
you are retarded

>>60505912 (OP)
Considering we can create gold given enough energy (at way more expensive rates than Bitcoin mind you), I'd say gold serves as a energy-backed currency.

>>60509256
That was a meme. Gold can’t be created in a stable way, the atoms decay in a microsecond.

>>60505917
>thermodollar