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Your point of view here seems to neglect energy storage. "Why do we need currency when we can just store commodities?" Are you hypothesizing about a world w
by staplers 3y ago
Your point of view here seems to neglect energy storage.
"Why do we need currency when we can just store commodities?"
Are you hypothesizing about a world where we have more renewables than we can consume at all times?
https://www.caiso.com/documents/curtailmentfastfacts.pdf https://www.caiso.com/documents/curtailmentfastfacts.pdf
You are deeply out of touch with reality if you believe they aren't curtailing capability during slow demand.
- kokanee 3y ago> "Why do we need currency when we can just store commodities?" Did I imply that we don't need or shouldn't have currency? And are you implying that crypto and stored renewable energy should be equivalent priorities? > You are deeply out of touch with reality if you believe they aren't curtailing capability "At all times" was the key qualifier to my statement. I'm well aware that excess capacity from intermittent sources is a huge problem and curtailment is the workaround employed these days, which is precisely why I'm saying that storage should be a higher priority than crypto.
- staplers 3y agoI guess you can wave your magic wand around and make "storage" happen. I'll leave you to it.