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Electricity is time-critical infrastructure, like railways: It has to work and it has to work all the time.

Air travel is not, for the most part, time-critical infrastructure: You do not have cascading failure or other highly non-linear, highly inelastic costs of brief interruptions in service. So a system that imitates air miles will not necessarily work for electricity.

Furthermore, air miles are not a currency in the sense that you seem to imply. For one, they are not really convertible. For another, their primary function is neither as a store of value or as a means of transaction.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Jan 1st, 2010 at 02:59:43 PM EST
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