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Re:The Unwinding of the Asian Currency Crisis by dood on Monday September 24, 2007 @03:22AM (#58787)
Why not cut to the chase and define the joule as standard unit of currency.
Re:The Unwinding of the Asian Currency Crisis by rms on Monday September 24, 2007 @03:45AM (#58790)
That would also work, in theory. It would also future proof the currency against developments that could make oil worthless, though I don't see that happening anytime soon.

At least right now, it makes a lot more sense to trade in an energy containing commodity than pure energy because it's easier and more familiar to people.

Re:The Unwinding of the Asian Currency Crisis by eru on Monday September 24, 2007 @03:49AM (#58792)
Joules are not equal. The sea is full of them. You have to look at entropy, too. A Joule of electricity would be a more practical measure.
Re:The Unwinding of the Asian Currency Crisis by lupin_sansei on Monday September 24, 2007 @04:23AM (#58802)
Because it wouldn't be portable. Imagine paying for a restaurant dinner with 2 barrels of oil you had to haul over there.