LOOMING DANGER AHEAD ! -=> BCH valuation in BTC or USD or any other bankster excretion is fraud. If BCH can be priced in terms of energy storage (Joules) we can avoid market chaos ahead.
Why joules ? Joules is a quantity that translates across all energy storage types.
Why energy ? Because the need for energy ignores bankster propaganda and media manipulation.
What you describe is a good measure of technological progress as a whole, which is where the Kardashev scale comes from, energy/industry feeds back on each other - also supply inflatio
The need for energy is proportional to the size of an economy, that is one of the metrics that is used to estimate the black markets, the unaccounted for electricity that is used.
hmm interesting hadn't heard that before but makes sense. have an example? (aside from small scale like finding weed farms, lol)
It is a general indirect method to measure it because of the fact that energy/GDP, it can be used in the case of busting miners and weed planters of course, but then they often use-
thermal cameras from helicopters and checking for electricity spikes in the grid, but what I describe is a tool economists use to estimate the size of the informal economy as a whole.
so they look at all energy production in a country, divide by GDP and compare it to what? and expected energy/GDP?
