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Author Topic: The role of Crypto in eliminating fossil fuels dependence  (Read 178 times)
avikz
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September 03, 2018, 09:01:02 AM
 #21

I don't mean wind turbines, they are too costly to play a major factor.
I also don't mean chemical solar panels, for the same reason: amortization costs.

The reason for high costs is due to the less production and demand. Also to a certain point, government policies. One can't install a wind turbine or solar panel anywhere they want. It needs special permits and land to install them. But once the production of such technologies increase, the cost will come down automatically! As of now, these two are the best resources for the alternative energy!

Quote
It seems that today's Central Banking is pinned on the idea of centralized control of resources.
Once there is decentralized energy source anywhere, this place can begin to print it's own money backed
by this additional energy, unaccounted so far.
And the only way to finance such developments seems to me is through altcoins.
Please share your thoughts.

Again government will interfere with that. Lets assume, today you have few hectors of land and suddenly you discover petroleum from that land. Government will come and buy that land from you to extract that resource. In majority of the countries, individuals can't own such a piece of land where natural resources are found. They will have to sell it off to the respective government as per the market price! So how do you think decentralized resource centers will exist??

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September 03, 2018, 09:12:53 AM
 #22

A lot of people simply do not care about fossil fuels negative impact on this planet. They reckon it is there and it is cheap and there is a race to consume it as fast as possible, before it runs out.  Roll Eyes

Only when the negative consequences start to impact their financial profits directly, then they sit up and take notice. This is why tax incentives are introduced for people that reduce their reliance on fossil fuels.

These same tax incentives should be expanded to large mining farms, when they use renewable and environmental friendly generated electricity for their mining farms.  Roll Eyes 

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September 03, 2018, 09:27:32 AM
 #23

I don't mean wind turbines, they are too costly to play a major factor.
I also don't mean chemical solar panels, for the same reason: amortization costs.

The reason for high costs is due to the less production and demand. Also to a certain point, government policies. One can't install a wind turbine or solar panel anywhere they want. It needs special permits and land to install them. But once the production of such technologies increase, the cost will come down automatically! As of now, these two are the best resources for the alternative energy!
I personally more believe in parabolic mirrors gathering sunlight in the desert and heating liquid sodium as carrier. They can store day's energy by pumping compressed air into ground cavities, or by moving amounts of water to create potential energy for the night. These fields of mirrors are gated and fenced enterprises which can be decentralized to an extent, but they need to be protected by a strong mafia. Question is, how decentralised mafia is possible.

It seems that today's Central Banking is pinned on the idea of centralized control of resources.
Once there is decentralized energy source anywhere, this place can begin to print it's own money backed
by this additional energy, unaccounted so far.
And the only way to finance such developments seems to me is through altcoins.
Please share your thoughts.

Again government will interfere with that. Lets assume, today you have few hectors of land and suddenly you discover petroleum from that land. Government will come and buy that land from you to extract that resource. In majority of the countries, individuals can't own such a piece of land where natural resources are found. They will have to sell it off to the respective government as per the market price! So how do you think decentralized resource centers will exist??
Yes, the point of not admitting any kind of decentralized supplies is: if the community misbehaves in the modern world, you can start by:
1) switching their internet off (not possible after Elon Musk launches his);
2) switching their electricity off, and usually their water supply also depends on electricity;
3) switching their food off (supermarkets depend both on electricity and internet);
4) switching off natural gas pipelines used for heating or for generating electricity in small amounts locally;
5) switching their petrol stations and thus their automobiles/tractors/armed vehicles off.
E.g. look what happened once inhabitants of Crimea decided to leave Ukrainian Confederation (or rather Crimea was brutally annexed and occupied by hostile government, supported by tiny minority of traitorous population, depending on which propaganda you prefer): they had blackouts, water shortages and many threats of those for a few years.

But I meant, what if 1) supplies are really, really small scaled? Not visible from satellites, not easily detectable by large government sensors, and not easy to attack/seize?
Or what if 2) owners of supplies have "roof": lobbyists, lawyers, politicians at the top, all financed through crypto? however 2) is a distant prospect, I admit.

*byteball cooтвeтcтвyeт нopмaм и тpeбoвaниям дeмoкpaтии, тoвap cepтифициpoвaн
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September 05, 2018, 12:33:14 PM
 #24

I think bitcoin does not have a say in energy sector that much, I think crypto can maybe get some funds together and create a energy sector investment with some sort of ICO.

Think about it what if there was a new ICO that state they will put solar panels, wind tirbunes, and whatever they can make money out of and with that energy they created they will service as much energy input as the output of the mining facilities? I think it would be both profitable because energy is really easy to produce after the initical investment and it will be definetly socially responsible move as well. That would really improve the role for crypto in fossil fuel deal and definetly will get positive attention.
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September 05, 2018, 01:48:24 PM
 #25

I think bitcoin does not have a say in energy sector that much, I think crypto can maybe get some funds together and create a energy sector investment with some sort of ICO.

Think about it what if there was a new ICO that state they will put solar panels, wind tirbunes, and whatever they can make money out of and with that energy they created they will service as much energy input as the output of the mining facilities? I think it would be both profitable because energy is really easy to produce after the initical investment and it will be definetly socially responsible move as well. That would really improve the role for crypto in fossil fuel deal and definetly will get positive attention.
Such ICO would be fine, except caveats:
1) We need to trust the team that they will not get our BTC/ETH and pack suitcases, leaving to some exotic island;
2) After they deploy the electricity plants/devices, we need some accountability on how much they spend on maintenance / security / insurance, how much they earn by selling the power and compare that with what they pay us as dividends. To my knowledge, there is no easy way at this time to make it trustless or even semi-trustless.

For comparison, if you buy shares on a stock exchange, you have legal rights; but those can be abused with creative accountancy.

*byteball cooтвeтcтвyeт нopмaм и тpeбoвaниям дeмoкpaтии, тoвap cepтифициpoвaн
florianuhlemann
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September 07, 2018, 07:15:39 AM
 #26

perhaps cryptocurrencies will help to look at many things differently, because the possibilities of cryptocurrencies are endless

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September 07, 2018, 07:19:26 AM
 #27

I see that cryptocurrencies will help to evaluate things exactly as much as they actually cost

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September 09, 2018, 04:02:25 PM
 #28

I propose to look at the cryptocurrency as a technology that will help the existing world

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byteball
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September 17, 2018, 09:16:16 AM
 #29

https://earthobservatory.nasa.gov/images/88459/dying-mangroves-on-the-australian-coast

Why do you think those forests died during just one summer?
Cause ground waters are now below their roots. And why is that?
Because of extracting minerals.

So it's either victory of silver and crypto, or switching off the central electricity that can save our planet.

I see that cryptocurrencies will help to evaluate things exactly as much as they actually cost.
That does seem like a real possibility to me. I will try to elaborate on role of Unit of Measurement function of money later,
in connection to saving the planet (or, rather, our sentient race).

*byteball cooтвeтcтвyeт нopмaм и тpeбoвaниям дeмoкpaтии, тoвap cepтифициpoвaн
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