Keith thanks for taking the time to give your comments and opinion, it looks like you mostly don't agree much :) I guess a lot of this can seem subjective (Arguable), if we haven't thoroughly researched it ourselves, which might take some Engineering background, who knows.
Part of my intent, always, is to remove all arguable information, as we have to in practical systems. Part of the problem I see with economics is it all seems highly arguable, so many folk think it is just fine to have a system that they can control by twiddling things like interest rates, and like whale investors can control prices by pumping and dumping, then everyone can argue what the hell is going on :)
The only variable in the system of Kardashev Money is how much money is issued. Too much, or too little, and the currency devalues.
It does actually all chain together and stack up mathematically, like any Engineering system, only in this case we are explicitly using tokens of money in the system, to carry out the same purpose as the nutrients in trees do in nature, to carry energy from A to B. Cryptocurrencies are already aligned with energy, but we can see those probably won't be accepted by mainstream until maybe complete collapse of fiat.
Meantime banks could avoid that, if they see how this works, that they could recover the value of their currencies by issuing it, lots of it, to represent the solar energy coming in and being put to use.
In fact they already did previously, we saw it happen when 4Tn stimulus per month was issued in US, but they stopped when they realised they almost lost control, by the devaluation of capital, which also happened. After all, who needs to save capital, with ubiquitous free money?
But they are between a rock and a hard place, it seems to me, as money devalues, so also does capital, issuing money to reflect valuable energy at least preserves the value of money, but the value of capital is alredy dead in the water. It technically ends upon issue of free money.
By Joules "put to use", I mean in any way which adds to our human economy, it could just be by a rooftop water tank heated by the sun, that still saves some money from an electric bill, or it could be by generation of valuable fuel, or "Solein" (Food!) in all cases the Joules of energy put to use convert to money.
My use of the term "Austrian Economics" is deliberate, to use the same instrument as money issuers quote, as their weapon, when they ask us the question "But where will the money come from?" (See "Inflation", in this article https://www.investopedia.com/articles/economics/09/austrian-school-of-economics.asp )
Logically it has to be a double edged sword, if the product exists, then so also must the money be issued to represent it, and it has to be done authentically, because if it doesn't truly represent the product, which is the real thing of value, then the money is valueless. The markets know this, and right now, every second, there are tens of GigaJoules of energy being put to use in every country.
On storage, and conversion of money to energy being
"tricky", it doesn't look so when we see how the conversion of energy to product works. it is reversible, at known losses, backwards and forwards, from energy to hydrogen fuel and back again, for example using reversible fuel cells, which act like batteries until charged, then produce excess hydrogen fuel, which can then be shared amongst others who don't have enough solar.
The nature of solar backed by hydrogen is that if a hydrogen backed installation has enough solar to meet all of its own electrical microgrid needs, then it will always have an excess of hydrogen, this is how the excess solar energy is "Dumped", but if it is hydrogen then it can be passed on to vehicles of all kinds, to use the energy of it userfully. Even EVs are easily converted to dual hydrogen / electircal use by swapping out the toxic battery for a reversible hydrogen fuel cell.
I don't see any use for national grids in this scenario, I believe fuel for transportation could be generated at any point in the system, from community solar facilities everywhere.
I wrote a proof of the energy conversion to money prinicipal in this article:
