4 ms·
This is not on the topic of the article, but could nuclear waste be the ultimate storage of value for a cryptocurrency-type “coin”?? Very expensive and energy i
by ethagknight 4y ago
This is not on the topic of the article, but could nuclear waste be the ultimate storage of value for a cryptocurrency-type “coin”?? Very expensive and energy intensive to produce, very limited supply, must be closely guarded but not really all that dangerous in small amounts??
What if the US government agreed to purchase “coined” waste after 30 years in circulation for a set, relatively high price, making it, in effect, a treasury or bond?
At the end of the day, this would incentivize production of nuclear power, kick the can down the road, incentivizes the US government to research storage or processing techniques or simply resell back into the market.
- ethagknight 4y agoThis comment got downvoted but I still think its an interesting and substantive idea to solve and worthy of discussion. Nuclear waste is very difficult to produce but is manufactured as a byproduct of a very valuable process, and is produced in such limited quantities that it creates a very interesting "Spent Nuclear Fuel Standard" in lieu of gold or USD. The source of a given piece of spent nuclear fuel (SNF) can presumably be verified for authenticity, and while its not a necessity, a blockchain can assist with market making and transactions so that the actual SNF itself can remain in secured locations. If the whole effort is backstopped by the potential to find a process 30 years out that can squeeze more energy out of old SNF or further refine it, then there's an interesting potential value store as well.
- ncmncm 4y agoGrift is grift, however spun.