Afaik, all are based on petro dollars. Worse, most people don't seem to understand this.
Saying, "my more flawed petro dollar is better than your flawed petro dollar" is just silly.
Blockchain currencies aren't based on petro...
How do they generate their blocks?
Proof of Stake is done though a protocol. Proof of Work is done in a variety of ways, one of which, I'll admit, is done through legacy power systems, but this is increasingly dying down. Look at El Salvador. They got hounded about the environmental damage so much mining would cost so they decided to go geothermal via a local volcano. The faggots suddenly scrambled, sent the IMF after them and screeched, "YOU CAN'T DO THAT!" then Evergrande happened, people started pouting about the debt ceiling which never amounts to anything and started FUDing BTC over the energy demands (which, contrary to what you hear the Mockingbird Media espousing, is fractional compared to the glass industry and a few others, which demand significantly more energy). They were obviously punished for this move. El Salvador went Chad though and just said, "ha! We bought the dip!"
Petro dollar means money represents energy.
Exactly. For example, the intrinsic value of a bit coin is the capital expense plus energy required to harvest. Its cost is largely set by the cost of energy required to operate the hardware. It is a petro currency.
Case in point. One farmer recently re-started a power plant just to farm.
Think about that. What this means is that it's driving up energy costs (you'll notice that everywhere it is part of (((their))) plan). Which means everyone is subsidizing the cost of farming. A country's GDP is inversely related to the cost of energy. Which means farmers are actively involved in economic injury in every economy in which they farm.
In every reasonable metric, these types of currencies are idiotic and injurious to economies. This is just barely getting started on their issues.
I've been saying this for a long time. I guess I was ahead of my time, as I've been known the game. Green energy is just big tech trying to cut it's bottom line. They want to make petro based energy more expensive to incentivize inefficient "green energy" so they can have tech that will ween them off big oil. Not gonna happen, their scheme is a pipe dream, unless we go full blown nuclear, we will be burning hydrocarbons for a long time.
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