Friday, February 21, 2014

Could A Solar-Powered Currency Be The Next Bitcoin? | Climate Progress

 I think they are on the right track.  Solar panels naturally produce "interest" in the form of electricity, unlike gold that just sits there - bitcoins and dollars don't exist at all!

- Joy


A new digital currency that rewards solar panel users could not only encourage more people to switch to solar energy but provide a new, more stable model for future alternative currencies.

SolarCoin debuted last month and builds on the same technology as Bitcoin — the popular cryptocurrency most notable for attracting an online criminal element. Like Bitcoin’s decentralized model, anyone can get SolarCoins by buying them via Twitter or helping create digital coins through mining. What separates the two is that instead of relying on mining, which involves solving complex math puzzles, SolarCoins are incentives for homeowners who use solar panels.

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