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.
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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.
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.