scott_ci
Joined 13 years ago
Joined 13 years ago
spoiler: not remotely possible to scale large enough for total world needs.
"If we drained one meter from every upper lake, we would get 54 billion kWh of energy: about a sixth of the target capacity. If performed over seven days, the flow would be 375,000 cubic meters per second, or 125 times the normal flow over the falls."
"We would need 10,000 Raccoon Mountains to meet my baseline energy capacity"
One interesting idea is having certain energy tagged as "green" energy, like wind generated, which some people might be willing to pay more for.
How do you prevent fraud (bypassing the meter) and who still pays to maintain the grid? Not sure. Is this really more efficient than a private / gov run system? I don't know. Blockchain interacting with real physical assets always seems murky to me.
Bear in mind that the word "blockchain" is an evolving word; almost every definition I've read differs. Some see it as barely different than a distributed database that doesn't allow deletions. Many others see it as paradigm shifting.
I'm relatively new to Bitcoin, so any critical feedback would be very much appreciated, especially regarding my explanations for the rationale behind the block chain, and potential security risks posed by large "mining pools."
After doing all my research, the craziest part to me is that the point of all the mining is just to sort transactions. If this is correct, then it seems like there's got to be a cheaper way to do this... maybe ripple's digital currency?