[https://cryptonews.com/exclusives/henry-ford-s-energy-standard-a-100-year-old-bitcoin-predicti-8313.htm](https://cryptonews.com/exclusives/henry-ford-s-energy-standard-a-100-year-old-bitcoin-predicti-8313.htm)
Just as money were on the gold standard, BTC is on the “energy standard” and it makes sense, since money IS essentially energy and energy gives BTC its intrinsic value.
You use any currency as trading energy. Any payment you use for a service, you exchange your money for the energy of the people providing that service. You work and consume your energy which is transformed into your money, which you use to buy a pizza and not have to consume your energy again to make one yourself. MONEY IS ENERGY, bottled up, moving from one individual to another. You basically have energy on the energy standard with Bitcoin.
Also, there are places where energy is very cheap, such as Angola or Yemen (it costs around 8k$ to mine 1 BTC here) but because of other social and geographical reasons in these places there is a high percent of poverty. If the supply of energy also permits, by mining BTC here you are taking the cheap resource that people have and you turn it into value using only the internet without needing an energy grid to export that energy. You basically mine 1 BTC and get almost 3 BTCs (at present rate) in value in return due to cheap energy. This value can then be used anywhere in the world due to the internet. BTC can transform surplus energy into value.
This concept is also explained here:
[https://www.youtube.com/watch?v=iJ85fyWx-Ck](https://www.youtube.com/watch?v=iJ85fyWx-Ck)
Also, we have to be realistic and agree that for this to work you have to make sure that the state that is generating all that energy will make use of it and not let international mining conglomerates suck up that energy.