Talk:P2P Energy Economy
The section Energy Price Regulation says (shortened):
This value of Peer Dollar is regulated relative to the value energy, so that as energy becomes abundant its price will drop ... while preventing speculative boom and bust cycles from making the price of energy ... drop too low (in periods of low demand) as to make energy production economically unfeasible.
By "economically unfeasible" are you talking about Profit?
If so, would you consider an alternate view - where Price can safely approach and even equal Cost indefinitely without the organization needing to close?
Thanks, Patrick Anderson AGNUcius 12:32, 12 December 2008 (PST)
In the section Peer Energy Bank you say:
New money is only created by "Peer Bank" when the P2P energy production capacity becomes larger than the currency in circulation (i.e. more energy than there is money.)
and
At the start of the economy (as a process), Peer Bank would create new money in return for energy supplied by the participating peers, so it creates new currency that it gives to those peers. Then peers start trading using that currency, and when new energy surplus exist then new money will be produced.
This seems to say that there should be times where the Peer Bank issues new money in return for energy it buys and times where instead it doesn't. If I understand correctly, at startup of the system, enough money needs to be created to "fill the pot" so economic exchange between peers can happen. Then, there should be a time when Peer Bank only issues money for "surplus" energy.
What are the criteria for knowing when Peer Bank should issue new money and when it shouldn't? Ref: Money is only created by "Peer Bank" when the P2P energy production becomes larger than the currency in circulation.
How will you measure 1) How long the first period should last (creating enough money for the economy to run on) and 2) when to issue more money as energy production is larger than currency in circulation.
What would be the objective criteria for this, which the system can implement?
Thanks - Sepp Hasslberger --Sepp 02:53, 27 December 2008 (PST)