Bitcoin Forum

[ANN] *** POWER LEDGER FOUNDATION TOKEN SALE ***
https://bitcointalk.org/index.php?topic=1958371.0
Which thread is correct?

It seems this is the correct thread. Refer to the bottom line shown in the text on each of the posts.

Power Ledger Foundation: "FYI this is the correct thread for Power Ledger Foundation"

Power Ledger Found: "******** Edit: We have since moved our post to https://bitcointalk.org/index.php?topic=1958450.0 ********"

please reserve me for indian (hindi) translation

Is this going to be an ETH token?

Good project , we are waiting for bounty social media campaign.

https://i.imgur.com/BVVlplI.jpg

White Paper and Foundation Website will be up next week - get excited everyone!

Bounty details out next week too, leave us your details :)

Your idea is those that if things work will be better, I'll watch your project, but will it succeed? How many people does your team have? Depending on your rewards campaign, things might get interesting. :)

Reserve indonesian translation sir
thank you

It looks like it's already working! https://powerledger.io/press-2/

Hi All, yes we are and have been operational since last year. Not to worry, all our details of our trials, partners, initiatives, communities, government and universities we are working with (both national and international) will be disclosed in our white paper. In the meantime you can check out some of the work we've done at PowerLedger.io and the latest on twitter at @POWRFoundation @PowerLedger_io.

Thank you! There is much excitement at the moment. We will definitely keep this thread updated :)

I would like to reserve the Greek translation. Thank you.

Good to hear it, i'll be waiting for the complete white paper of the project,
i'm also hoping for the bounties that will be held in the near future.

Can you add the Ann thread link here once it's ready it's look interesting project for me and I want to invest early.

We will follow the news.

Interesting project. Would be good to see this succeed. I always support renewable energy for the good of the environment.

Thank you! Yes Power Ledger Foundation is headed by our passionate sustainability leaders and future thinkers.

As usual, another newbie started thread, with intent to get free money with some up in the air concepts. Not sure how many "investors" out there to feed this kind of greediness.

https://www.bloomberg.com/news/articles/2016-10-03/lifeline-worth-billions-being-thrown-to-utilities-after-slump

We are only new to this forum :)

Contact me, if you need help with russian translation.

Worth the wait for more info.
Hope it goes unhindered dev. We are waiting for further news about this project. ;)

So far, this seems kinda legit. Which is a damn rare thing round here nowadays!

What exactly is the token sale for? Are we investing in your trading platform for a percentage of the fees, or tokens that are exchangeable for energy?

What about mining or nodes? The video said you had some companies running nodes for you, are you looking for us to run them?

What's in it for me?

This may seem rude, but if you could somehow prove that you really are the Power Ledger team that would be a big help, to you, and us. Most of us have lost count of the number of scams we've seen on here, and most of us have been burned at some point. We're pretty cynical now.

Interested so far though.

Thanks for the support! White Paper out this week and bounty details :)

https://i.imgur.com/eu7ztk8.jpg

Thank you for your comments. As for your technical questions we will have to leave that for the White Paper, out this week. It will address the entire Foundation platform and our business model for parties on the platform, it will also make clear what Purchasers of our POWR tokens will obtain. Do expect much more discussion on the technical once this is released, we thank you all for your patience so far.

Your questions are very welcome (definitely not rude!). We are glad there are people doing due diligence and not contributing to the abundance of scams. But please take a look at our website its linked to our twitter feed (which has tweeted this forum's link) https://powerledger.io/token-sale-coming-soon/

and just to prove it on the blockchain here's our MD Dave :) : https://uproov.com/verification.php?access=EI8KG7xuWhyIbLj0XDvUNG0oJRdSgzOuqPRPmySXjUucs2MGyC  https://i.imgur.com/c7K4PfM.jpg (http://imgur.com/c7K4PfM)

PM if you need Italian language!

need to bookmark for this one, keep going dev

Thanks for the support, we will keep this page updated :)

Sure we will do. Thank you for your interest!

Sure we will let you know, more details on the bounty will be up this Friday :)

interesting project
just waiting social media campaign updated,

Hi All,

Our White Paper is coming very soon! We will be releasing our Power Ledger Foundation website with our White Paper and further details on our Token Generation Event. Watch this space and our social media :)

In the meantime, check out Power Ledger's MD Dave Martin on the ABC 7.30 Report last night:


https://twitter.com/POWRFoundation/status/875349062425354240


https://i.imgur.com/Cd7NF1O.jpg (http://imgur.com/Cd7NF1O)


https://i.imgur.com/rvOkYjo.jpg (http://imgur.com/rvOkYjo)

Direct video link here: https://youtu.be/3QoWhxjDUvs

I would like to reserve the Turkish translation. Thanks!

I think i won't be left with any ETH or BTC if the good investment opportunity keeps flowing at this pace lol.

That's a good problem to have!  ;)

Your project seems good, so wonderful after reading your white paper, good luck to the team and hopefully get a better replacement.

Do Not Risk a Penny on this

Here is why:
1. This is not a new idea. I work for a utility company and we have been investing billions in microgrid projects. This is exactly what it is. You create a local community / local grid, where people can support each others energy demands. The only exception here is that they are creating a decentralized buying/selling system.

BUT utility companies are never going to allow this, because it does not pay to maintain the traditional grid infrastructure.

There are already laws in place for exactly this reason, that people cannot sell their electricity to other people directly.

What this company, and other similar companies like trans active grid are doing is creating a token to make that sell-buy to get around that law(which states money isn't to be used).

Here is what will happen after. Governments will realize people are trying a way around and will BAN any asset trading that would lead to violating that law. All the money invested in these companies  and their platforms will collapse.

Utility companies in the near future will be launching microgrid systems.

2. Volatility in the Token Market:  The token that the company is selling again is not real money. They will be used in the platform they are launching, which means people will be buying and selling it ultimately leading to a market for that token on an exchange.

So if I am a person in a small society looking to participate in a decentralized energy production and buying platform, I would firstly have to buy these tokens, and then sell it to meet my real life demands.

But this  token will be traded on an exchange, the price will be volatile just like bitcoin and hence a normal person would simply not be interested in such a technology due to the price variation in the tokens. Because that could mean losing money by selling to the platform as theilr sole incentive was to be informed on who they are selling to, and getting slightly higher price than selling to utility companies.

 3. No Need for Decentralization on grid : Governments around the world buy electricity on smart grids at competitive prices. There is really no need for decentralization of grids except in third world countries where there are problems such as energy shortage etc. because utility companies have a monopoly and benefit by power outages.

But I predict that as smart grids evolve, companies like Tesla will take care of the buying/selling platform by offering something like Uber. But again that requires privatization of the grid.

And all the subsidies and incentives government provides are only to those selling and buying from the grid. They won't offer it for a private microgrid.

4. Smart Meters:
Utility companies have started providing free smart meters to its customers. What this company intends to do is use the blockchain for accounting of the electricity produced and used. But it will require customers to install separate meters which would cost a lot. Things will go wrong, and will need to be fixed.


5. Storage: Storage is currently a big issue for solar. Installing a solar system is expensive, but installing a storage system/batteries is even more expensive. Hence most of the houses that buy solar, usually do it as to only satisfy 60-70% of their electricity needs. A lot of those houses usually do not generate an excess. This means what this entire project is relying upon i.e community buying and selling is not going to be a big thing in a neighborhood. 

What I am trying to say is , that blockchain and grids is a great combination. But utility companies have already started doing and investing in it. In general there is no reason for one resident of an area to see the production/consumption of another, which means that there is no need for a decentralized electric grid system. People have meters in their home and all the data relevant to them is already transparent.

All these companies are doing great work, but I don't think a Token sale is the way to go because once the token is on an exchange, it will kill the motivation of the local resident to even participate in that purchase/sale.  What these companies need to do is find investors for a direct investment than creating an altcoin to just get more money, which I feel is the scammy part.

WHAT I FIND SCAMMY IS BS SANCTION IMPOSED BY CORPORATE CAPITALIST which HINDERS FREE TRADE. Excuse the caps, that last statement just got on my nerve. This is crypto, an angle to undermine and abolish bullshit regulations.

I'm glad that someone enumerated each aspect to why this project is not good to invest with.
A lot will be enlightened by these detailed explanation & might changed their minds on how to deal with this project.
Very few are knowledgeable on how utility companies operate, so this post is a good insight to most of us. Thanks. 

Thanks for stimulating the discussion.

When utility businesses are faced with disruption they have three choices; they can dig their heels in and resist, they can accept their day is done and just turn up their toes or they can join the disruptors and innovate. The comments above reflect a reasonable understanding of how the energy system has worked in the past, but a steadfast refusal to accept how it will work in the future.

You’re right, decentralised systems not a new idea.  Large-scale energy systems have grown up from the integration of small decentralised systems over the course of the last century in the name of “efficiency”.   

And as a result, centralised planning authorities and large private interests control the operation large-scale power stations connected via huge transmission networks.  Clinging to the umbilicus of the power network, consumers have been force-fed a steady diet of price and product.

The cost of energy security can be counted in terms of control, certainty and economic dependence, but dramatic shifts in the cost, efficiency and amenity of distributed generation now means consumers can be free to make their own decisions on how and where and from whom they get the energy they need.

Distributed markets (or decentralized electric grid system as you refer to them) will be a prominent part of the future as climate change makes maintaining traditional large-scale transmission systems increasingly difficult – remember Hurricane Sandy?

The rules referred to are already being challenged by regulators – see New Zealand’s Electricity Authority or NYC’s REV program to see two examples of how regulators are working to catch up with technology change to support consumers, build resilience and limit carbon emissions.

Smart-meters provide all sorts of data to all sorts of players but do not lose sight of the fact that smart-meter data belongs to the consumer not the network operator or retailer or regulator.  How consumers use that data should be their decision to make.

Storage has fallen in price by nearly 60% in the past 18 months but using it to off-set your own purchases from the grid still doesn’t stack up.  But using storage capacity to participate in the market, using it to provide services to the network or providing retailers with peak demand support will make investments in energy storage worthwhile, so long as there’s a transactive network that allows consumers to earn a return on their  investments.  Power companies seem to believe only they can make investments in power infrastructure but in the last five years in Australia, more new generation has been installed on consumers’ roofs than has been connected to transmission networks.

Volatile token prices?  What about volatile energy prices that consumers have no ability to mitigate? Our white paper will explain how we’ve addressed exposure to price volatility – ask your friendly energy retailer or network how they let customers manage their exposure to prices… the answer? Turn your lights off!

The Power Ledger Foundation is not your typical Blockchain technology company.  We’ve got more than half a century of power system experience informing our thinking. We understand how the power system works but more importantly, we know how it can work better. At the Power Ledger Foundation, we believe empowering individuals and communities to co-create their energy future will underpin the development of a power system that is resilient, low-cost, zero-carbon and owned by the people of the world.

Thanks for your comment, please see our response to the above quote and you should come back when we release our white paper. It should answer all questions.   

 ::) ::) ::) ::) says the guy with a Suncontract Logo. Fucking Bounty whore.