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 land title to fossil fuel reserves).

Done right, maybe we could turn the libertarian fringe into fanatical carbon conservationists?


Folksonomies: value currency environmentalism

/business and industrial/energy/coal (0.549132)
/business and industrial/energy/oil (0.431870)
/business and industrial (0.231305)

coal standard (0.944970 (:0.000000)), burnable fossil carbon (0.875073 (:0.000000)), fanatical carbon conservationists (0.870995 (:0.000000)), BTC (0.691215 (:0.000000)), libertarian fringe (0.584132 (:0.000000)), fuel reserves (0.576359 (:0.000000)), land title (0.535179 (:0.000000)), money (0.363106 (:0.000000)), thinkers (0.313224 (:0.000000)), commodity (0.306171 (:0.000000)), thought (0.293900 (:0.000000)), incentive (0.289678 (:0.000000)), time (0.274087 (:0.000000))

BTC:Company (0.892689 (:0.000000))

Fossil fuel (0.980712): dbpedia_resource
Coal (0.745807): dbpedia_resource
Carbon (0.635030): dbpedia_resource
Carbon dioxide (0.622886): dbpedia_resource
Petroleum (0.615931): dbpedia_resource
Methane (0.578488): dbpedia_resource
Peat (0.477003): dbpedia_resource
Global warming (0.472849): dbpedia_resource

Electronic/World Wide Web>Message Posted to Online Forum/Discussion Group:  Stross, Charlie (201711), comment-2038345, Retrieved on 2017-12-13
  • Source Material []
  • Folksonomies: currency