- Can you tell me some more about the authentication mechanism of Kilowatt Cards? How are the two new digits established?
- How do I know that five years from now I will be able to use Kilowatt Cards to pay my local utility?
- Electricity prices are not uniform across even small countries, since differences occur from place to place due to transmission costs and line losses. Does that mean Kilowatt Cards have no unitary value?
Can you tell me some more about the authentication mechanism of Kilowatt Cards? How are the two new digits established?
The initial serial numbers are generated randomly. Upon authentication of each number, two random digits are created and the potential new six-digit number is checked against the database to determine it it would be unique. If so, the old number is cancelled and the new one is issued.
How do I know that five years from now I will be able to use Kilowatt Cards to pay my local utility?
Kilowatt Cards are backed by a corporation that will still be operating five years from now if it is well-managed. If not, perhaps you will still have a collector’s item.
Electricity prices are not uniform across even small countries, since differences occur from place to place due to transmission costs and line losses. Does that mean Kilowatt Cards have no unitary value?
The lack of uniform electricity pricing has little effect on the trading value - or on the redemption process – of the cards from place to place. People who live where electricity prices are low do not often redeem them of course (except to test the system) since they are worth more to others living where electricity prices are higher. The mere fact that some people would be wiser to barter (or just save) their cards, rather than redeeming them to pay for present consumption of electricity, is not an operational problem for the system. It is actually a financial benefit.