Crypto Currency Thread
Discussion
dimots said:
. And when a blockchain-based decentralized global energy market opens up just remember where you read it first.
But what you, and a lot of other bitcoin evangelicals dont acknowledge or understand is that these things are already happening without bitcoin or block chain or crypto currencies. The Tesla battery in SA is the biggest of its type, and 'intelligently' buys and sells power on a second by second basis (called Frequency Response) and does so without any need for bitcoin. Its not a difficult thing to do, and is already being rolled out across domestic batteries as well.
There are also huge technical challenges to any 'decentralized global energy market', we cant even ship all the energy produced in Scotland to England at the moment, let alone worry about any global market!
dimots said:
Ok everyone stop and take a breath please. Read the thread title again. I am not evangelising, I am posting positive stories in the crypto currency thread. This is the place for cryptocurrency discussion if I was posting in a different thread maybe you’d have a point.
But what you seen unable to do is step back from the 'positive articles' and take a critical view of them and work out what is realistic and what is someone writing a paper to boost the price for an asset they own - ie talking your own book. For a lot of people reading the articles, particularly those who are involved in some of the markets that bitcoin is supposed to help (commodity/financial markets etc) the solutions which bitcoin provide are either not required, or more complicated than existing methods which work well. I am open to new ideas, and have repeated my belief that for international shipping block chain does offer something which current solutions dont, but Bitcoin as a currency is a dead duck with no future outside those who are unable to use existing currencies. Ok that's a point that can be debated. But you still don't mention why blockchain is of no use. I can see a perfect use case for decentralized payments because a device (or hub, and then devices on that hub) can key to the blockchain to identify itself for purchases.
Government policy is clearly forcing the hand of business in this respect, and EVs will become the majority transport mode in our lifetimes. If we are going to create contactless charging roads, we need a way of paying for our usage. I can see a strong case for bitcoin and blockchain here.
Similarly, you will be able to pay for your own usage when you want to charge in public - at a coffee shop, at a university or in work. Your device will be able to identify itself and pay for the energy you use rather than the current situation where most people steal it!
If you look at the strengths of bitcoin and blockchain they are in unfalsifiable decentralized payments, that cannot be reversed and cannot be double-spent. This is ideal for such a complex system. Lightning network shows the potential here.
Government policy is clearly forcing the hand of business in this respect, and EVs will become the majority transport mode in our lifetimes. If we are going to create contactless charging roads, we need a way of paying for our usage. I can see a strong case for bitcoin and blockchain here.
Similarly, you will be able to pay for your own usage when you want to charge in public - at a coffee shop, at a university or in work. Your device will be able to identify itself and pay for the energy you use rather than the current situation where most people steal it!
If you look at the strengths of bitcoin and blockchain they are in unfalsifiable decentralized payments, that cannot be reversed and cannot be double-spent. This is ideal for such a complex system. Lightning network shows the potential here.
dimots said:
Government policy is clearly forcing the hand of business in this respect, and EVs will become the majority transport mode in our lifetimes. If we are going to create contactless charging roads, we need a way of paying for our usage. I can see a strong case for bitcoin and blockchain here.
Sorry to be another naysayer, but the issues with charging EVs relate to diverse charging standards, multiple (and incompatible) charging networks, sometimes temperamental chargers and relatively slow charging from the standard 50kw chargers. All of those issues are to be expected as the technology is new and the adoption rate is at an early/ish stage. However all of them have solutions which are well underway, and to the best of my knowledge, blockchain doesn't feature as any part of the solution.
EddieSteadyGo said:
Sorry to be another naysayer, but the issues with charging EVs relate to diverse charging standards, multiple (and incompatible) charging networks, sometimes temperamental chargers and relatively slow charging from the standard 50kw chargers.
All of those issues are to be expected as the technology is new and the adoption rate is at an early/ish stage. However all of them have solutions which are well underway, and to the best of my knowledge, blockchain doesn't feature as any part of the solution.
Agreeing standards is a short term issue for sure. This is all very new agreed. Blockchain doesn't feature as any part of the solution to what? I don't think we have any solutions yet do we? There is competition to provide solutions and there are many blockchain and bitcoin companies in the mix.All of those issues are to be expected as the technology is new and the adoption rate is at an early/ish stage. However all of them have solutions which are well underway, and to the best of my knowledge, blockchain doesn't feature as any part of the solution.
dimots said:
EddieSteadyGo said:
Sorry to be another naysayer, but the issues with charging EVs relate to diverse charging standards, multiple (and incompatible) charging networks, sometimes temperamental chargers and relatively slow charging from the standard 50kw chargers.
All of those issues are to be expected as the technology is new and the adoption rate is at an early/ish stage. However all of them have solutions which are well underway, and to the best of my knowledge, blockchain doesn't feature as any part of the solution.
Agreeing standards is a short term issue for sure. This is all very new agreed. Blockchain doesn't feature as any part of the solution to what? I don't think we have any solutions yet do we? There is competition to provide solutions and there are many blockchain and bitcoin companies in the mix.All of those issues are to be expected as the technology is new and the adoption rate is at an early/ish stage. However all of them have solutions which are well underway, and to the best of my knowledge, blockchain doesn't feature as any part of the solution.
I'm not aware of any "bitcoin companies" who have any serious propositions. Yeah, there might be the odd start-up hoping to ride a blockchain bandwagon, but that doesn't make them viable.
Let me put it another way; the main problem getting the EV charging to where it needs to be is i) some further improvements in battery tech to allow very high power charging ii) some big money infrastructure upgrades to provide the necessary electrical capacity. And this will need the cooperation of government. The potential benefits from blockchain relating to payments is trivial vs the major obstacles. And we also know the government has a visceral dislike for all varieties of cyptocurrency, for all of the obvious reasons.
EddieSteadyGo said:
Blockchain doesn't feature in the front running solutions related to charging EV's imho. Pretty much all of the points I mentioned have well documented proposals already in the pipeline. For example have a look at the forthcoming 350kw chargers which will be commonplace in 5 years.
I'm not aware of any "bitcoin companies" who have any serious propositions. Yeah, there might be the odd start-up hoping to ride a blockchain bandwagon, but that doesn't make them viable.
Let me put it another way; the main problem getting the EV charging to where it needs to be is i) some further improvements in battery tech to allow very high power charging ii) some big money infrastructure upgrades to provide the necessary electrical capacity. And this will need the cooperation of government. The potential benefits from blockchain relating to payments is trivial vs the major obstacles. And we also know the government has a visceral dislike for all varieties of cyptocurrency, for all of the obvious reasons.
Personally don't think 350kw chargers are the way to go, and certainly a long way from being a 'solution'. Temporary fix sure. I think you have to put contactless charging (either in parking spaces or in roads) in place and then crack the payment issue to find an EV solution. Charging times will always be too long to keep the petrol station model.I'm not aware of any "bitcoin companies" who have any serious propositions. Yeah, there might be the odd start-up hoping to ride a blockchain bandwagon, but that doesn't make them viable.
Let me put it another way; the main problem getting the EV charging to where it needs to be is i) some further improvements in battery tech to allow very high power charging ii) some big money infrastructure upgrades to provide the necessary electrical capacity. And this will need the cooperation of government. The potential benefits from blockchain relating to payments is trivial vs the major obstacles. And we also know the government has a visceral dislike for all varieties of cyptocurrency, for all of the obvious reasons.
Have you heard of Power Ledger?
https://powerledger.io/
https://www.reddit.com/r/PowerLedger/
It's a peer to peer marketplace for power that trialed and then launched in Australia. It's working...it's very geeky and it's very early days. But it works.
Have you heard about the Centrica trials in Cornwall with LO3? Same thing as above really, haven't heard much about any outcomes yet but I'm interested.
https://www.centrica.com/news/centrica-and-lo3-ene...
Yes early days, yes future tech, but please note the title of the thread again.
dimots said:
EddieSteadyGo said:
Blockchain doesn't feature in the front running solutions related to charging EV's imho. Pretty much all of the points I mentioned have well documented proposals already in the pipeline. For example have a look at the forthcoming 350kw chargers which will be commonplace in 5 years.
I'm not aware of any "bitcoin companies" who have any serious propositions. Yeah, there might be the odd start-up hoping to ride a blockchain bandwagon, but that doesn't make them viable.
Let me put it another way; the main problem getting the EV charging to where it needs to be is i) some further improvements in battery tech to allow very high power charging ii) some big money infrastructure upgrades to provide the necessary electrical capacity. And this will need the cooperation of government. The potential benefits from blockchain relating to payments is trivial vs the major obstacles. And we also know the government has a visceral dislike for all varieties of cyptocurrency, for all of the obvious reasons.
Personally don't think 350kw chargers are the way to go, and certainly a long way from being a 'solution'. Temporary fix sure. I think you have to put contactless charging (either in parking spaces or in roads) in place and then crack the payment issue to find an EV solution. Charging times will always be too long to keep the petrol station model.I'm not aware of any "bitcoin companies" who have any serious propositions. Yeah, there might be the odd start-up hoping to ride a blockchain bandwagon, but that doesn't make them viable.
Let me put it another way; the main problem getting the EV charging to where it needs to be is i) some further improvements in battery tech to allow very high power charging ii) some big money infrastructure upgrades to provide the necessary electrical capacity. And this will need the cooperation of government. The potential benefits from blockchain relating to payments is trivial vs the major obstacles. And we also know the government has a visceral dislike for all varieties of cyptocurrency, for all of the obvious reasons.
Have you heard of Power Ledger?
https://powerledger.io/
https://www.reddit.com/r/PowerLedger/
It's a peer to peer marketplace for power that trialed and then launched in Australia. It's working...it's very geeky and it's very early days. But it works.
Have you heard about the Centrica trials in Cornwall with LO3? Same thing as above really, haven't heard much about any outcomes yet but I'm interested.
https://www.centrica.com/news/centrica-and-lo3-ene...
Yes early days, yes future tech, but please note the title of the thread again.
Super fast chargers will definitely be part of the solution imo. But let's see who's right in 5 years time.
By the way, I'm not saying a blockchain payment type solution couldn't technically work. It just isn't the major issue which needs to be solved with EVs. And any element which blockchain might be able to assist with can be solved using existing technological approachs together with a bit of supplier cooperation.
AmosMoses said:
Don't know if i'm mad or smart but with the market being this stale any left over money i have that hasn't gone into savings or HTB ISA i'm chipping into the 3 currencies i hold.
If prices reach where they were in q4 of last year ill be smart, if they crash further i'm a fool.
Why do you expect them to rise?If prices reach where they were in q4 of last year ill be smart, if they crash further i'm a fool.
kapiteinlangzaam said:
Badda said:
AmosMoses said:
Don't know if i'm mad or smart but with the market being this stale any left over money i have that hasn't gone into savings or HTB ISA i'm chipping into the 3 currencies i hold.
If prices reach where they were in q4 of last year ill be smart, if they crash further i'm a fool.
Why do you expect them to rise?If prices reach where they were in q4 of last year ill be smart, if they crash further i'm a fool.
kapiteinlangzaam said:
Badda said:
AmosMoses said:
Don't know if i'm mad or smart but with the market being this stale any left over money i have that hasn't gone into savings or HTB ISA i'm chipping into the 3 currencies i hold.
If prices reach where they were in q4 of last year ill be smart, if they crash further i'm a fool.
Why do you expect them to rise?If prices reach where they were in q4 of last year ill be smart, if they crash further i'm a fool.
I am a believer that cash and traditional money will cease to exist in the coming years, I think society will see money differently and rather than it needing to be back by gold or any other commodity it’ll be backed by the value of the original coins that became unobtainable due to people holding onto them.
There will become a point where the major top 10 or so coins will stay and the rest will die a death, already starting to see this happen.
Of course I could be wrong, probably am. But that’s my feeling and I’ll stick to it.
This is long term.
Short term is people will get bored like they did towards the end of summer, see these coins are cheap and want to get some. This rolls on to Xmas and we see the same rise if not higher, then a crash.
[Awaits standard PH response]
There will become a point where the major top 10 or so coins will stay and the rest will die a death, already starting to see this happen.
Of course I could be wrong, probably am. But that’s my feeling and I’ll stick to it.
This is long term.
Short term is people will get bored like they did towards the end of summer, see these coins are cheap and want to get some. This rolls on to Xmas and we see the same rise if not higher, then a crash.
[Awaits standard PH response]
The problem with more people hoarding coins is in effect the actual use becomes worthless. You end up with only a few coins available and then massive price surges. This is the biggest issue BTC would face for lightening network as the open channels would have to be massively funded to actually work. I personally think the maths is all wrong for the coins to become enmass usage, they are geared to making holders wealthy, not for actually usage. Xrp comes close but xrp labs is milking it as much as they can.
kapiteinlangzaam said:
Badda said:
AmosMoses said:
Don't know if i'm mad or smart but with the market being this stale any left over money i have that hasn't gone into savings or HTB ISA i'm chipping into the 3 currencies i hold.
If prices reach where they were in q4 of last year ill be smart, if they crash further i'm a fool.
Why do you expect them to rise?If prices reach where they were in q4 of last year ill be smart, if they crash further i'm a fool.
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