I’ve often thought that the silly thing about commodity-based money is that you have to hoard it away in vaults, and it sits there doing nothing. What could be more pointless? Well, there is something we would like to sit in vaults: CO2.
That’s right, I’m proposing we use CO2 as money. Within a year, I guarantee there’d be a huge gold rush to suck that stuff right out of the sky.
How would we trade with people? Simple… dry ice. Dry ice is just the solid form of CO2. Now, I know what you’re thinking: dry ice burns your skin. But don’t worry about it, it’ll be fine. Put a little casing around it, and – presto – you’ve got coins, baby!
Now you’re thinking, but doesn’t dry ice evaporate? Why yes, yes it does. But that is good! We need some to stay in the air or the plants won’t be able to breathe. But now you’re thinking that means the money loses value over time. Maybe so, but that just means it has some built-in demurrage, so that is actually a strength!
Or you could wimp out and store it in canisters, and then put it in the Carbon Bank and then receive your CO2 certificates. You know, carbon credits. It’s the “Trade” without the “Cap.”
What could possibly go wrong? Nothing. Absolutely nothing. Hopefully this can be implemented by Monday.