It's only BSV fags parroting this Death Spiral meme here
... why not an energy backed currency?
Start it
You mean like 0xBitcoin? It's also immune to the death spiral since it doesn't have to be mined forever (or at all, for that matter) in order to work.
If by "energy backed" you mean a coin/token that can be redeemed for kilowatt hours or something else, I think there already projects like that.
Back in 2018, Jow Forums used to be infatuated with this Aussie milf with massive tits, forgot her name, but I think she was involved with some energy backed thingy
>it hasnt happen so it will never
*use to
Found her: warosu.org
Backing money with anything doesn't work. That includes gold or silver backed paper. Governments have tried backing money with all sorts of things and failed every time.
It already exists, Its called fiat.