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The turn

Which is why this exists.

An argument with nothing attached to it is an essay. This one has a ticker attached, and it is worth being precise about what that does and does not mean.

It does not make the argument true. It does not give anybody exposure to a power company. It does not entitle anybody to anything. What it does is give the argument a place to live and a reason for people to keep arguing about it in public, which — for an idea — is a real function.

Why it is called Peaker

A peaker plant is a generator that sits idle most of the year and runs only when demand spikes past what everything else can serve. It is the most expensive power on the system and the least efficient, and it exists anyway, because the alternative is the lights going out.

It is the clearest thing on the grid to point at when you want to show that supply is tight. Nobody fires a peaker in a market with slack in it. Their run hours are the constraint made visible — the moment the system admits it has run out of cheaper options.

What the token's job is

Weak, and pretending otherwise would be worse than admitting it. This is a meme with a thesis underneath. There is no vault, no yield, no mechanism to explain, and nothing here quietly accrues value to a holder. Anyone telling you otherwise about this or anything like it is selling something.

The honest version is: a strong mark, an argument that has been true for two years and is getting truer, a live chart of the thing the argument is about, and a ticker. That is the whole product.

It makes an argument. That is the utility.