Now I am imagining an alternative crypto-currency that allows people in low kwh areas to effectively sell their kwh through mining a coin and selling them to someone where their costs are high who then can redeem it for their electricity payment.
Currently, there is no "Credit Society" to backstop these obligations.
Quote
However, there is a risk for borrowers who need to repay loans by acquiring kilowatt-hours, which is that the price of a kWh note may change as electricity prices rise and fall.
Quote
Repayment of these kWh loans would be the responsibility of the individual borrower, but in the event of default, the larger Credit Society would repay the Kilowatt Cards owed.
So you are buying an insured contract where you own paper electrons.
We know where this ends.
- http://www.kilowattcards.com/template/page.cfm?id=109
