Post
Topic
Board Bitcoin Discussion
Re: OMG! What has Satoshi created? He has opened Pandora's box
by
iCEBREAKER
on 20/03/2013, 17:46:14 UTC
Bitcoin is backed by the cost of electricity (and equipment) required to compute its proof of work.

Electricity comes from natural resources like wind, hydro, solar, nuclear, and hydrocarbons.

Thus, our new Joule Standard is backed by natural resources.

Prepare to meet your doom, central bankers!  The era of cryptodollar hegemony is upon us!