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Got to admire the creative thinking involved in this. Are there any more "practical" potential uses? Some industrial process that requires lots of power but not
by J-dawg 7y ago
Got to admire the creative thinking involved in this. Are there any more "practical" potential uses? Some industrial process that requires lots of power but not too much other infrastructure?
- arethuza 7y agoCO2 sequestration?
- TeMPOraL 7y agoCould a coin backed by stored CO₂ work?
- arethuza 7y agoI promise to pay the bearer the sum of 1 ton of C02 on demand?
- TeMPOraL 7y agoWell, Bitcoin doesn't work that way either. I was thinking more of a "you get a coin for X tons of CO₂" + hype to make these work as currency, but I suppose it's just a weird version of existing carbon trading solutions.
- cwkoss 7y agoKind of silly to make this a coin. Because you'll fundamentally need an external system to audit CO2 sequestration and manage issuance, the auditor might as well be a centralized issuer.