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Here Buckminister predicts that the price of energy will become so stable that it will be the favored benchmark for valuation and currency denomination. Laughab
by Nomentatus 5y ago
Here Buckminister predicts that the price of energy will become so stable that it will be the favored benchmark for valuation and currency denomination. Laughable - for the next few centuries at least - and the opposite of what's happening, as solar prices are plummeting, halving and halving again. I went to one of his lectures back in the day and remember equally laughable advice about worldwide electricity pooling that should happen immediately. Suggestions that were physically impossible (but BF didn't think we'd have to wait for superconductivity to do this apparently, or that it was nearly here) and obviously, have never happened. My electrical engineer father, who worked for a power company, snorted.
We obviously aren't going to have one catastrophically interdependent grid distributing energy from a few sources, either.
FWIW There's an interesting debate between an author and Einstein during the 1930s on whether energy is the limiting factor in economics, or human labor is, as Marx said. Einstein took Marx's side, but our more automated world tilts the other way a bit more every day.
No Buckminister Fuller didn't predict PoW, Bitcoin etc, in any way.
- tiagotrs 5y agothanks, I will look for documentation on that debate. I think he looked at the energy work value as stable, as you need a fixed amount of Jaule to boil 1 liter of water from 20C. In a way, he foresaw an energy based value system. maybe 'predict' bitcoin was a stretch
- Nomentatus 5y agoI found it - see my other comment, I shoulda put it here. You have a point that I had overlooked, yet in fact the joules needed to make a pencil or anything else do go down a bit each year. Efficiency is not the only kind of economic growth, but a large contributor. In contrast, the joules needed to mine a Bitcoin go up quite steeply as time goes on and fewer are left to mine, by design. So I don't think this is a fit.
- Nomentatus 5y agoThat book is probably: Conversations with Einstein by Alexander Moszkowski https://archive.org/details/conversationswit00mosz https://archive.org/details/conversationswit00mosz
- Nomentatus 5y agoThis is Marx's "Theory of Value," of course.