As Henry Ford imagined Bitcoin 100 years ago - a unique energy currency that could stop wars -

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in 55 days marks the hundredth anniversary, when the American industrial and business magnate Henry Ford spoke of a unique "energy currency" that could "stop war". The well -known founder of the Ford Motor Company suggested that a currency could be covered in a similar way by energy in kilowatt hours (kWh) how energy is used to break down Bitcoin.

New York Tribune, December 4, 1921: "Ford would replace gold with energy currency and end wars"

Almost 100 years ago, on December 4, 1921, Henry Ford discussed an idea that he was discussed in the . The title of the published article was "Ford would replace gold with energy currency and stop wars".

Ford is known for the development of assembly line technology and the development of a series of American production car produced in series. The Ford's energy currency concept describes a digital currency similar to that of Satoshi Nakamoto bitcoin and one that is also scarce.

Ford's energy currency would not only be covered by energy in kilowatt hours (kWh), but also discusses with the grandstand that the currency is "only issued up to a certain certain amount and for a specific purpose".

It was always understood that Henry Ford was far ahead of his time, but he also thought about a concept that is very similar in the description Bitcoin white paper . Ford had even planned a location to start the idea at the Muscle Shoals Dam. The treacherous and wild muscle Shoals section of the Tennessee River produces a lot of energy because the dam offers electricity, flood protection and water supply.

Ford even shot shots at the banking cartel, which is basically the same financial institutions and family members who today manage the world's finances. "It is simply a matter of thinking and calculating differently than the international banking group specifies to which we have got used to that in our opinion there is no other desirable standard," emphasized Ford.

While the Cypherpunts like timothy may and Eric Hughes wrote about concepts that came closer to today's cryptocurrency, many others had similar visions like Henry Ford's energy currency concept. The Nobel Prize winner and Austrian economist Friedrich Hayek discussed the idea of a free market currency.

"I don't think we will ever have good money again before we take the thing out of our hands again", Hayek . "That means that we cannot take it from hand violently [The] government, everything we can do is on a clever detour [to] introducing something that you cannot stop."

In addition to Hayek, Milton Friedman discussed the idea of a cryptocurrency in 1999. "I think the Internet will be one of the main forces to reduce the role of government during his Interviews that became viral in 2014. "The only thing missing, but it will soon be developed, is a reliable e-cash, a method with which you can use A to B's money to be transferred from A to B without knowing A B or B A," added the economist.

It could be that the trend in America has already entered the area of the digital currency, which is mainly done by the databases of the banking system. In many ways, Ford has enforced his will because the powers essentially replaced gold with unchecked Fiat. However, Fiat is far from a short and energy -supported currency that Ford came up with a long time ago.

The banking cartel pulls around away from the gold standard has the "desirability to displace gold" from. both sides des spectrum. Decentralized crypto-assets like Bitcoin ( btc ) actually replace gold, even if the measure of repression is still quite small.

Nowadays, people use cryptocurrencies as protection against Fiat and the massive geldexpansion of central banks as well as precious metal collectors (PM) and "gold beetles". In this way of thinking, there is also a "desire to suppress gold", since digital currencies offer advantages that PMS such as gold cannot offer.

according to assetdash.com Bitcoin ( btc ) is the sixth largest asset after market capitalization. The web portal companymarketcap.com says Bitcoin (BTC) is in eighth place. The top position of gold is with a market rating of $ 11,161, while btc s is approximately 1.041 according to the key figures on the website Billion US dollars. The evaluation of gold is 972% higher than btc ’s has a long way to catch up if it replaces gold Will.

What do you think that Henry Ford predicted a Bitcoin-like currency almost 100 years ago? Let us know your opinion on this topic in the comments below.

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