United States shale oil boom, bitcoin and Blockchain!

[cuddaloreappu]

Look at the world today where Asian markets are stagnating, Russia is aggressively pushing for expansion of its territories, Euro zone facing economic crisis after crisis, Chinese economy is slowing down, Middle east is spiraling into chaos with the ISIS terror.

But we are on the verge of the next major boom in the world economy with United states truly being a global leader and savior to the all these issues the world faces today. With the Shale oil boom the US can now export oil and gas to all European and Asian countries thus  cutting out the dominance and monopoly of Russia and Middle east.

The United states no longer have to serve the interest of the Saudi royals, hence aggressively promote democracy in African nations without bending to the whims and fancies of vested interest. The Huge gain from oil export will cut the trade deficit for US thus solving many domestic and economic issues within united states. There can be more investment to Asian countries and countries like India can benefit from the Foreign direct investment from United States.

But the situation is different from those boom markets earlier, Today we have bitcoin and blockchain technologies, and projects like SWARM, Ethereum which will define how capital is raised in this century. So far the startup projects all are confined mostly to silicon valley tech industry.

How does this situation change such that oil exporting companies of united states raise capital using blockchain based technologies so that people around the world take part in this boom, and not just a bunch of wall street wealthy elite.

What needs to be done so that bitcoin and blockchain moves beyond tech markets and into oil markets and much more and truly be a platform where people can participate globally in the upcoming shale oil boom and in future.

[lyth0s]

Right now most of the venture capital that is invested in bitcoin, is from non-USA countries investing in USA based bitcoin companies, which is a really positive note. As far as the US exporting oil to other countries that are otherwise dependent on foreign oil....that I'm not so sure about. I think the US has a pretty strong sentiment of "use everyone elses oil, then we will more aggressively pump/use our own supplies" which is actually a better long term strategy if we see a continued use of oil for long term. With that being said I can't imagine the US shipping all of our oil to other countries and letting the middle east keep/use their own oil (who will run out first?).

Right now VC funding in USA based bitcoin companies is great and will take us to the next level, both as a bitcoin community and as a nation.

As far as Etherum goes.....well I'm not convinced that it's 100% scam and that they will just run with the raised Bitcoins. I'm more of a fan of Peter R's Aethereum, essential an ethereum clone but no IPO buy in, it initially gets distributed using current bitcoin holdings....a sort of "proof of stake" initial disbursement, which I hope further altcoins will follow.

[spazzdla]

.. it is not cheap to ship natural gas.  Us Canadians have no need for your gas we have our own..

You didn't think that war in Ukraine was to help the Ukraine people did you?  It's a hope Meica can shutdown Russia's natural gas and charge 3 to 4 times to Europe for theirs.  Europe seems to not be very fond of that plan.. I wonder why.

America is not a democracy..  not even freaking close.

[DrApricot]

How does this situation change such that oil exporting companies of united states raise capital using blockchain based technologies so that people around the world take part in this boom, and not just a bunch of wall street wealthy elite.

What needs to be done so that bitcoin and blockchain moves beyond tech markets and into oil markets and much more and truly be a platform where people can participate globally in the upcoming shale oil boom and in future.

This is a really interesting question you raise, and I don't know the answer, but what do you think of various proof of resources approaches? Apparently, someone in the Bitcoin Foundation is promoting this concept:
http://cyprus-mail.com/2014/04/27/energy-coins-for-gas-the-great-exchange/
Would an EnergyCoin address this need? I'm not sure, since the coin is government backed. That sounds contradictory to a proof of work approach, and I'm not sure how well it fits with blockchain technology.

[spazzdla]

EXCEPT all of the Asian countries would rather buy Russian gas then Merican...

So....... Merica needs to start a war to prevent Euros ability to buy gas from Russia forcing them to buy from Merica..

The truth sucks eh.

[BCwinning]

EXCEPT all of the Asian countries would rather buy Russian gas then Merican...

So....... Merica needs to start a war to prevent Euros ability to buy gas from Russia forcing them to buy from Merica..

The truth sucks eh.

Except for one thing, A law on the books stating that Amerika can't export it's oil.
Which has been on the books since the oil embargo. US consumes all it's oil production and imports another 40%
They are trying to change that though so gas can be shipped out.

[Unbelive]

Look at the world today where Asian markets are stagnating, Russia is aggressively pushing for expansion of its territories, Euro zone facing economic crisis after crisis, Chinese economy is slowing down, Middle east is spiraling into chaos with the ISIS terror.

But we are on the verge of the next major boom in the world economy with United states truly being a global leader and savior to the all these issues the world faces today. With the Shale oil boom the US can now export oil and gas to all European and Asian countries thus  cutting out the dominance and monopoly of Russia and Middle east.

The United states no longer have to serve the interest of the Saudi royals, hence aggressively promote democracy in African nations without bending to the whims and fancies of vested interest. The Huge gain from oil export will cut the trade deficit for US thus solving many domestic and economic issues within united states. There can be more investment to Asian countries and countries like India can benefit from the Foreign direct investment from United States.

But the situation is different from those boom markets earlier, Today we have bitcoin and blockchain technologies, and projects like SWARM, Ethereum which will define how capital is raised in this century. So far the startup projects all are confined mostly to silicon valley tech industry.

How does this situation change such that oil exporting companies of united states raise capital using blockchain based technologies so that people around the world take part in this boom, and not just a bunch of wall street wealthy elite.

What needs to be done so that bitcoin and blockchain moves beyond tech markets and into oil markets and much more and truly be a platform where people can participate globally in the upcoming shale oil boom and in future.

What you talk about was only reason why USA  did not fall into huge crysis after 2008. Without this USA BDP would be way under 2008 year and there would be huge unimplemented.  In Europe this is forbidden in most countries. I think Poland use this technology. Main reason is ecology.

USA still spends more oil then produce. I think plan is to get even around 2030.