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Date: 2019-11-17 Page is: DBtxt001.php L0700-II-KILOWATT-CARDS

INTERESTING IDEAS
KILOWATT CARDS
An IDEA articulated by the P2P Foundation in 2009

TO DO ... update images to be more relevant to the subject matter

Kilowatt Cards
An initiative of the P2P Foundation going back to around 2009. The system is not active as of Aoril 2018. Description 'Kilowatt Cards are paper notes worth 10 kilowatt-hours (kWh) of electricity each. They are backed by a promise to exchange them for the face amount of electricity delivered to any residential utility account - the 'electricity standard.' While some people want gold and silver, everybody wants heat or light or transportation. Active Kilowatt Cards have stable value because they are denominated in units of energy, a physical constant, and can be used to pay for electricity by REDEEMING them at kilowattcards.com/redeem.cfm.
10 kWh equals 10,000 Watt-hours, enough energy run a 100 Watt light bulb for 100 hours. At this time the cards are worth at least $1.00 to $2.00 in trade, depending on your cost of electricity. Since they are good to buy electricity everywhere, they are good to buy anything else. Before accepting Kilowatt Cards as payment you should AUTHENTICATE them using the form below to verify they are real and active. Enter the last six characters of the serial number. If the card is real and active, two extra characters will be returned for you to write on the card by hand, forming the end of a new six-digit serial number. If you do not write the extra characters on the card it will have the wrong serial number afterwards and no value. Write clearly and cross out the first two characters: then it will have a new six-digit serial number, and no one who held it before can use a copy. Active cards can be traded to anyone and authenticated an unlimited number of times if it is done correctly each time. This process is our way to stop counterfeiting since we can't call in the FBI. Kilowatt cards can be redeemed to pay for electricity anywhere using this web site. But power companies do not accept them, we do, then send money to the company in its local currency. Kilowatt Cards have some trading value everywhere, even places without electricity.'

The website text was last modified on 28 October 2009
Link to Kilowatt Card webpage
http://wiki.p2pfoundation.net/Kilowatt_Cards
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TPB / TVM commentary
The idea does not appear to have been successfully deployed at scale ... if at all. The idea proposed for authentication seems to be quite elegant ... though with fast computing power, probably can be hacked too easily.


The text being discussed is available at

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TrueValueMetrics (TVM) is an Open Source / Open Knowledge initiative. It has been funded by family and friends plus donations from well wishers who understand the importance of accountability and getting the management metrics right. TVM is a 'big idea' that has the potential to be a game changer leveling the playing field so the wealth and power is shared on a more reasonable basis between people who work for a living and those that own the economy and the levers of power. In order to be effective, it cannot be funded in the conventional way with a for profit business plan, but absolutely must remain an open access initiative.
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