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> All of that energy production has to go somewhere and grid-scale energy storage isn't feasible just yet. If it's not consumed, then it's just wasted. Imo, th
by motohagiography 4y ago
> All of that energy production has to go somewhere and grid-scale energy storage isn't feasible just yet. If it's not consumed, then it's just wasted.
Imo, this is the economic case for proof-of-work in cryptocurrencies as instead of shedding load into the ground or burning off gas, it gets refined into tokens that both store and transmit value. It's the missing feedback cycle in the economy. I'm suggesting a verifiably solar currency used for gambling will drive innovation in areas like graphene solar panels and other new techs. We can convert an energy storage and transmission problem into a financial securitization and risk problem that feeds back into driving optimization of the energy production problem. The sun is a verifiable random number generator that with a clock signal, the whole network can use it for consensus.
We may be talking past one another, but if macro grid economics and the politics around them are standing in the way of sustainable tech, we may need to route around them.
- CyanLite2 4y agoThat already exists. It's called SREC credits. Large corporations pay SREC credits to homeowners and others to reduce carbon. Those credits can be cashed out, and many just use the money to buy more solar panels and batteries.