Your are exactly right.
I would take it a step further.
Our Currency should be backed by a measurement of “BTU’s” consumption/production.
The Federal Reserve and its Fiat Money is not a fair representation of economic activity and is often late, wrong or has other considerations.
Gold is NOT the solution. Gold, albeit an historical measure or basis of wealth, its value is based on perceptions. Might as well use Tulips.
Bitgold would be better than Bitcoin but both are flawed in that they don’t achieve what they claim.
The only true measurement of economic activity and Life itself is Energy.
Technology evolves. Clean coal is very viable in the energy mix.
Gold and Silver’s value comes from scarcity and that they cannot be counterfeited. (Unlike Gemstones, Bit-coin or Fiat).
Backing the currency with energy assets makes a lot more sense than fiat.
A basket of commodities would be better. Perhaps add Real Estate to the mix.