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Author Topic: How Security Tokens Will Revolutionize Bitcoin Mining  (Read 104 times)
Adam4Eve (OP)
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April 08, 2019, 02:21:15 AM
 #1

Hi ladies and gents,

My name is Paris Smalls and I am here to propose an idea that I call "Proof-Of-Work-For-Good"

Here is the general concept:

1.) Tokenize renewable energy infrastructure as an asset on ERC-20 smart contract
2.) Decentralize ownership of asset by allowing multiple people to have small equity stake (<5%) power plant
3.) Cryptocurrency mine to accelerate pay-back-period of power plant
4.) Pay token holders dividends
5.) Trade Security Token (ownership of power plant) when ready

I believe by looking at cryptocurrency mining as an asset (security), instead of as a PPA Agreement (utility) we will be able to use Proof-Of-Work to grow the renewable energy sector, which is good.

This should work for all renewable energy technologies (i.e. Solar, Wind, Geothermal, and Hydro), so if your working on projects in any of these fields, please feel free to reach out to me if you want to learn more about how you can tokenize your assets. I am only here to help, and I would be very happy to share my experience working on this.

I recently did an interview on the topic, and we start talking about the utilization of security tokens for cryptocurrency mining at 20:40.

Security Token Interview:
https://www.youtube.com/watch?v=xch5HLhjvNs&t=596s

Please provide feedback, but play nice Smiley

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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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April 08, 2019, 05:21:21 AM
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You could build a whole market on top of that. Proofs-of-good-work could be traded on a stock market etc.
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April 08, 2019, 07:39:47 PM
 #3

am still trying to understand fully the difference between security token and utility token which is the normal ones we own right now , so many people talk so much about how security tokens will take over and mAke crypto better for good but i ask, what can security tokens do that a the regular utility tokens cant ?, yes i know that security tokens will be regulated and this will bring scam to the bearest minimum in crypto, but thne , i believe this utility tokens can still be regulated if they want to  but this isnt why bitcoin was created in the first place

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Adam4Eve (OP)
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April 08, 2019, 09:38:10 PM
 #4

am still trying to understand fully the difference between security token and utility token which is the normal ones we own right now , so many people talk so much about how security tokens will take over and mAke crypto better for good but i ask, what can security tokens do that a the regular utility tokens cant ?, yes i know that security tokens will be regulated and this will bring scam to the bearest minimum in crypto, but thne , i believe this utility tokens can still be regulated if they want to  but this isnt why bitcoin was created in the first place

Security Tokens are simple.

They are nothing more than equity ownership, on the blockchain.

Example:

Tim has a house he wants to sell. He issues a security token to sell his house.

The owner of the security token is the owner of the house.
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