100 years in the past on December 3, 1921, Henry Ford mentioned an thought he conceived. It was revealed the following day on December four within the New York Tribune. The title of the revealed article was known as “Ford Would Exchange Gold With Power Forex and Cease Wars.”
Ford is well-known for growing the meeting line approach and creating one of many first mass-produced American-built vehicles. Ford’s vitality forex idea describes a digital forex very like Satoshi Nakamoto’s Bitcoin and one which can be scarce.
Not solely would Ford’s vitality forex be backed by vitality measured in kilowatt-hours (kWh) he additionally discussed with the Tribune that the forex would “be issued solely to a sure particular quantity and for a selected function.”
It has at all times been understood that Henry Ford was effectively forward of his time, however he additionally thought of an idea that’s similar to what’s described within the Bitcoin white paper.
It is quite simple whenever you analyze it. The reason for all wars is gold. We will reveal to the world two issues, first, the practicability, second, the desirability of displacing gold as the idea of forex and substituting instead the world’s imperishable pure wealth.
Virtually all people on the earth besides the newspapers and the bankers acknowledge that civilization has entered on a brand new period. The newspapers do not see it and the worldwide bankers do not wish to see it-it would imply modifications in world finance and bankers at all times oppose modifications.
That is thoughts blowing imaginative and prescient from Henry Ford for the early 20th century.
87 years later we obtained Bitcoin.