Implementation Guide
Implementing Power Currency at State and Local Levels
Step 1: Assess Local Resources
- Evaluate existing power generation capacity
- Identify potential for renewable energy development
- Assess local expertise and workforce capabilities
Step 2: Develop Legal Framework
- Work with state legislators to create enabling laws
- Ensure compliance with federal regulations
- Develop local ordinances to support Power Currency
Step 3: Create Local Currency
- Design energy-backed currency (e.g., "Bolts" and "Zaps")
- Establish conversion rates to kilowatt-hours
- Develop secure minting and distribution processes
Step 4: Set Up Energy Homesteads
- Identify suitable land for energy production
- Develop guidelines for energy homestead claims
- Create support systems for homesteaders (training, financing, etc.)
Step 5: Establish P2P Energy Trading System
- Develop or adapt software for peer-to-peer energy trading
- Create local energy markets
- Implement smart metering and accounting systems
Step 6: Engage Community
- Educate public about Power Currency benefits
- Encourage participation in energy production
- Promote use of local energy-backed currency
Setting Up Energy Homesteads
- Identify suitable land (e.g., BLM lands in Western states)
- Determine energy production requirements for homestead claims
- Provide resources and support for homesteaders
- Establish monitoring and verification systems
- Create incentives for efficient and sustainable energy production
Creating Local Currencies Backed by Energy Production
- Design currency denominations (e.g., 1 Bolt = 1 MWH, 1 Zap = 10 KWH)
- Incorporate anti-counterfeiting measures (e.g., RFID chips)
- Establish issuance and redemption processes
- Create local exchanges for currency trading
- Develop partnerships with local businesses to accept the currency