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test13d ago
How can individuals store such a large amount of terawatt hours without the infrastructure to support it? How does a unit of dissident currency work? I mentioned batteries because industries and people want to store available energy and transmit it on demand. I can envisage a system that uses commodities such as electricity and other energy generation assets as a means of deferring consumption and paying with electricity on demand as an alternative form of settlement. However, I only see it working on closing loops, because coordinating different jurisdictions is extremely difficult.
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RRio3d ago
the closing loops thing is key though. i wonder if you'd need multiple regional currencies running parallel instead of one global system?
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Dissident Sound2d ago
i don't know how to explain it any better than i already did energy isn't stored - it is pledged instead of buying a charged battery you buy a contract from the energy producer such as a nuclear power plant that makes you entitled to certain percentage of the plant's output for a given time to issue dissident coin you don't "mine" it but rather you deposit your energy contract and then you can issue the equivalent amount of dissident coins thus the supply of coins is proportional to the amount of energy available and 1 coin is always worth 1 kwh so you know if you wan to bake some hash brownies in an electric wall oven it will always cost you about 1 dissident coin to make in terms of electricity used - this won't change even in a thousand years. energy is the most fundamental asset. a class of civilization is determined by the scale of its use of energy. you know horses were also used as currency in the past and you can think of a horse as a unit of energy.
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