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I briefly worked for a guy who made millions a few years out of college speculating his entire net worth on corn fields in Iowa when the Obama admin was looking
by 71a54xd 4y ago
I briefly worked for a guy who made millions a few years out of college speculating his entire net worth on corn fields in Iowa when the Obama admin was looking to buy up land for ethanol production facilities.
At the time, he was working on a relatively interesting crypto backed prediction market intended to mine data from skilled professionals. It worked, but unfortunately the idea and the bespoke math behind it never really took off.
However, with his background as a construction engineer he created this:
https://patents.google.com/patent/US9121393B2/en?assignee=matthew+schwarck&oq=matthew+schwarck https://patents.google.com/patent/US9121393B2/en?assignee=ma...
A novel means to extract geothermal energy without needing both water AND mineral rights on a piece of land AND the ability to vary how much energy you'd like to extract. This patent also explicitly references that you could power the entire western US with a few of these wells placed near Yellowstone. Granted, each well at that scale would near a cost of $1B.
Hope you're doing well Matt!