BankSith on Nostr: “The essential evil of gold in its relation to war is the fact that it can be ...
“The essential evil of gold in its relation to war is the fact that it can be controlled. Break the control and you stop war.” -H. Ford
👇🏻
In 1921, Henry Ford envisioned replacing gold with an energy-based currency to break the banking elite's control and end wars. This concept has been realized through Bitcoin, which has established itself as an energy currency through its mining process.
Contrary to environmental concerns, #Bitcoin can actually support the transition to sustainable energy sources. Ford's vision of an energy currency was driven by a desire to replace the gold standard, which allowed financial elites to fuel wartime #inflation. While Ford's idea was never implemented in his lifetime, Bitcoin has brought this concept to life.
Some speculate that Bitcoin's creator, Satoshi Nakamoto, may have been influenced by Ford's vision. Regardless, Bitcoin has vindicated Ford's idea of a fully-backed, decentralized, energy-based currency system, with the potential to become the new norm. ⚡️ 🧡
#energymarkets #commoditymarkets #proofofwork #networksecurity #gold
Blocktime: 865 868
v/byte price: 13 sat/vByte
Hash Rate: 672.04 EH/s
BTC Prices in Ounces
Gold: 25.15 oz
Silver: 2122.88 oz
👇🏻
In 1921, Henry Ford envisioned replacing gold with an energy-based currency to break the banking elite's control and end wars. This concept has been realized through Bitcoin, which has established itself as an energy currency through its mining process.
Contrary to environmental concerns, #Bitcoin can actually support the transition to sustainable energy sources. Ford's vision of an energy currency was driven by a desire to replace the gold standard, which allowed financial elites to fuel wartime #inflation. While Ford's idea was never implemented in his lifetime, Bitcoin has brought this concept to life.
Some speculate that Bitcoin's creator, Satoshi Nakamoto, may have been influenced by Ford's vision. Regardless, Bitcoin has vindicated Ford's idea of a fully-backed, decentralized, energy-based currency system, with the potential to become the new norm. ⚡️ 🧡
#energymarkets #commoditymarkets #proofofwork #networksecurity #gold
Blocktime: 865 868
v/byte price: 13 sat/vByte
Hash Rate: 672.04 EH/s
BTC Prices in Ounces
Gold: 25.15 oz
Silver: 2122.88 oz