Ashim, what do you think of this type of initiative to replace the concept of money?
https://eosprojects.com/the-technate-soc...ality.html
https://eosprojects.com/the-technate-soc...ality.html
Quote:TL;DR Summary
- Energy units are representing production capacity, not capital value derived from markets.
- It is physically impossible to use energy after it already has been converted to work.
- Expecting energy units to operate like money is unrealistic.
- Energy units are issued for a limited period and are thus susceptible to being deleted and replaced by new energy units issued for a second period.
- This will eliminate the concept of trans-period savings.
- When used, energy units will cease to exist.
- This will eliminate transactional trading.
- The intent of these design features are not to eliminate savings and transactions, but to allow energy units to correctly measure production capacity.
- If we would say that Energy Accounting was to be introduced, it would have to be introduced gradually – as it is so alien and different from the concepts of economics and human life we have come to expect as natural.