Common Misconceptions About Energy-Backed Stablecoins

There’s been a lot of chatter about these AI guides on ‘energy-backed stablecoins’. Honestly, most of it seems legit but totally misses the core issues. First off, calling it an ‘energy-backed stablecoin’ is kinda silly. Energy prices fluctuate a lot, so how can you have a stable token tied to something that’s not stable? And then we have the legal side. Did you know that in the EU and US, there are rules against yield on stablecoins? Like, that MiCA thing bans it, and the SEC sees yield-bearing coins as unregistered securities. How’s that gonna work? Also, there’s no way to redeem these coins for energy credits or even cash. No redemption = no peg. Simple as that. And don’t get me started on smart contracts. They won’t solve these issues. Anyone else notice these problems?