Plato’s Allegory of the Cave as it Relates to a Watt Based Currency

So the international standard units of measurements (SI) has the ampere and second. This serves as the foundation for the derived units of kWh and other units of power. These represent energy doing work over a period of time and so represents the exchange of currency in the universe, the flow of energy. We struggle to properly account for the true cost of kWh because we have policy that sets prices based on regulatory agencies. In this application of Plato’s allegory, the shadows could represent the abstract values and currencies derived from public perception of value, but is not literally the ideal form of intrinsic value represented by the kWh. Blockchain is one method of removing the public perception of value being distorted by fallible regulatory agencies by employing transparency and governance to improve the algorithms to better represent the true nature of value embedded in energy transactions. True, the tokens are abstractions, but they have transparency and the ability to governed in a decentralized and transparent process to reveal the intrinsic value of energy and materials. This allows for humans and AI to both apply intelligence and governance to distribute energy resources and determine relative value of economic development going up the chain of ecological succession within human economies while assessing the intrinsic value of the environment and natural processes around us through analyzing the flow of energy in those systems.

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