New ask Hacker News story: Buckminster Fuller predicted PoW, Bitcoin and it's consequences in detail (1981)

Buckminster Fuller predicted PoW, Bitcoin and it's consequences in detail (1981)
4 by tiagotrs | 2 comments on Hacker News.
"In this cosmically uniform, common energy-value system for all humanity, costing will be expressed in kilowatt-hours, watt-hours, and watt-seconds of work. Kilowatt-hours will become the prime criteria of costing the production of the complex of metabolic involvements per each function or item. These uniform energy valuations will replace all the world’s wildly intervarying, opinion-gambled-upon, top-power-system-manipulatable monetary systems. The time-energy world accounting system will do away with all the inequities now occurring in regard to the arbitrarily maneuverable international shipping of goods and the top economic power structure’s banker-invented, international balance-of-trade accountings. It will eliminate all the tricky banking and securities-markets exploitations of all the around-the-world-time-zone activities differences in operation today, all unbeknownst to the at-all-times two billion humans who are sleeping. The world energy network grid will be responsible for the swift disappearance of planet Earth’s 150 different nationalities. We now have 150 supreme admirals, all trying to command the same ship to go in different directions, with the result that the ship is going around in circles — getting nowhere. The 150 nations act as 150 blood clots in blocking the flow of recirculating metals and other traffic essential to realization of the design science revolution. "

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