Electricity-Backed Currency Proposal
* Article: DeKo: An Electricity-Backed Currency Proposal. Nick Gogerty, Thoughtful Capital Group.
URL = http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1802166
Excerpgt
“One alternative asset for a central bank to hold consists of electricity delivering assets. Electricity delivering assets don’t need to be physical assets such as fuel or power plants, but rather may be claims in the form of standardized Power Purchase Agreements for the delivery of electricity from power producers.
Electricity delivering assets can hold their economic value more effectively than gold or debt due to price stability and resistance to devaluation from over-issuance. The DeKo-backed currency concept advocates a portfolio of diversified electricity delivering assets that offers more social benefits than gold and retains monetary value better than government debt.” (http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1802166)