Electronic/World Wide Web>Message Posted to Online Forum/Discussion Group:  Stross, Charlie (201711), comment-2038345, Retrieved on 2017-12-13
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    Memes

    13 DEC 2017

     The Coal Standard

    Here's a thought: maybe we could buy off the simplistic goldbug-minded "money is a commodity" thinkers by proposing a coal standard? That is: treat burnable fossil carbon as money? Like BTC, there's a finite amount of it remaining to be mined. Like BTC, mining the last reserves gets incrementally harder over time. Unlike BTC, if you burn it, it's gone for good, so there's an incentive to stockpile it and not burn it (ideally by stockpiling it in the ground, where it comes from, by buying lan...
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