On December 6, according to the disclosure of the Reddit Ethereum sub-forum. 100 years ago, on December 3, 1921, Henry Ford, the founder of the Ford Motor Company in the United States, proposed a digital currency idea similar to Satoshi Nakamoto. It was published in the “New York Tribune” on December 4. The title is “Ford will replace gold with energy currency and stop wars”.
The article describes the concept of energy currency as a digital currency. It is very similar to Satoshi Nakamoto’s Bitcoin, and it also has the attribute of deflationary scarcity.
According to Henry Ford’s description in the article. “Energy Currency” is the energy support in kilowatt-hours (kWh). Currency is “issued only in specific quantities and for specific purposes.” This is very similar to the concept described in the Bitcoin white paper.
Henry Ford believes that the cause of all wars is gold. And energy currency can prove two things to the world: first, practicality. Second, replace gold as the monetary base and replace it.