[ExI] repercieve the economy [was: Engineering]

[ablainey at aol.com]

But we already have fixed exchange rates for every different type of energy. We only need to decide on a unit of measure. Then all the inefficiency becomes apparent.
 

 

 

-----Original Message-----
From: Adrian Tymes <atymes at gmail.com>
To: ExI chat list <extropy-chat at lists.extropy.org>
Sent: Thu, 20 Dec 2012 18:37
Subject: Re: [ExI] repercieve the economy [was: Engineering]


On Thu, Dec 20, 2012 at 5:21 AM,  <ablainey at aol.com> wrote:
> I just think that in a world where energy is the number one commodity, we
> need to start using it as our global unit of currency. Doing so is the only
> way to increase our efficiency as a species and will drive us to the stars
> as it will be the only realistic method of long term economic growth.

Unfortunately, this fails to take into account the many different
kinds of energy, transmission & transport, et cetera.  For
example, a gallon of gasoline is worth far more than the
electricity used to pump it - but if there is a power failure, most
gas stations can't pump their gasoline, rendering it temporarily
worthless.

Currency can be divided and transmitted with no loss.
Conversion from one form to another may result in a transfer
of wealth to or from the one who does the conversion (depending
on how well the convertor judges the relative worth of the two
forms).
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