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this post was submitted on 20 May 2024
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I haven't seen an exchange where I can trade in Crypto for kilowatt-hours.
Coinsbee.com allows you to purchase debit cards, which you can then use to purchase kilowatt hours.
Translation: actual currencies can be used to purchase energy, but cryptocurrency cannot.
What you're saying is precisely like saying "I know a guy that trades turnips for money. Therefore turnips are a great currency that you can buy anything with."
Thank you Nagus for your financial insights.
The only currency I give a damn about is gold-pressed latinum, damn it!
Sure, you can't buy energy with crypto directly yet. But that would make total sense for a power company to accept crypto in the future.
If it made sense they'd be doing it, no?
Not yet, the government has their regulatory screws too deep into them, so they can't innovate like that.
Where are these laws that state energy companies cannot accept crypto as payment?
I don't know of any laws specifically against them accepting it, but I think it's probably demand-based because only about one-fourth to one-fifth of US citizens use crypto currently. I think that number will grow over the years.
So no laws them. And 25% of the US using crypto. That's surprising. Got any proof of that? That seems remarkably high. You could even say unbelievably high.
Thank you. I'm glad you pointed out my mistake. That 25% is world use of crypto, not just US.
https://cointelegraph.com/news/american-adult-crypto-use-dropped-2023-fed-survey