Cryptocurrency Daily Discussion - May 5, 2020 (GMT+0) |
- Daily Discussion - May 5, 2020 (GMT+0)
- "Dr" Craig Wright may lose the "Dr". He plagiarized several large sections of his PhD thesis and tried to hide it.
- Hey "Tax is theft" people, riddle me this.
- deWeb Brings Benefits of Blockchain to Non-Crypto Users
- Sweater I found in one of our r/projectcars ... and i understand thanks to this sub.
- Ethereum produces its 10 millionth block.
- Alipay, VeChain, MasterCard Back Australia-China Supply Chain Association
- Introducing Energy Web Chain. The biggest blockchain platform you've never heard of!
- Iran To Remove Four 0s Off Their Currency As US Sanctions Fuel Inflation
- The Most Important Lesson Trading Taught Me
- Ripple Hit With Another Lawsuit Alleging XRP Security Laws Violations
- We have reviewed an ICO after a long time since it was being hyped by YouTubers and other social media...it is BiDAO chain, and honestly - we found lot of inconsistencies and unanswered questions...You can read the review & let us know if we missed something!
- Negative interest rates: Banks are coming for your money. This is why crypto.
- Ethereum just had its 10,000,000th block mined | History of Ethereum so far
- Bitcoin Mining Farm Raided in TV Show Billions (now with RGB lightning)
- Opening Minds & Opening Money Through Opening Technology - Jameson Lopp
- ExtStock exchange is doing a live exit scam right now
- To those who are hoping for something from Bakkt...
- Call/email Andrew Cuomo to abolish the bitlicense for covid 19 safety
- Avacus Adds Stablecoin DAI to Purse-like Amazon Marketplace
- Discussion of the Day: NEXO
- Bitcoin Transaction Fees Skyrocket as Indicators Show High Network Activity
- Anyone heard of these guys, they are pumping hard on LinkedIn and seems very scammy.
- An Overview of Vechain
| Daily Discussion - May 5, 2020 (GMT+0) Posted: 04 May 2020 05:10 PM PDT Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating. Disclaimer: Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here. Rules:
To see prior Skeptics Discussions, click here. [link] [comments]  | ||
| Posted: 04 May 2020 07:52 AM PDT
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| Hey "Tax is theft" people, riddle me this. Posted: 04 May 2020 06:08 PM PDT
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| deWeb Brings Benefits of Blockchain to Non-Crypto Users Posted: 05 May 2020 01:10 AM PDT
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| Sweater I found in one of our r/projectcars ... and i understand thanks to this sub. Posted: 04 May 2020 08:19 AM PDT
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| Ethereum produces its 10 millionth block. Posted: 04 May 2020 06:25 AM PDT
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| Alipay, VeChain, MasterCard Back Australia-China Supply Chain Association Posted: 04 May 2020 07:10 AM PDT
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| Introducing Energy Web Chain. The biggest blockchain platform you've never heard of! Posted: 05 May 2020 12:37 AM PDT Energy Web Token This isn't a short read so let me start with the tl;dr; there is an in-depth post after this part
You can fact check everything I say here - the project is open source. Right let's get stuck into it… ——————————————————————————————————————————————————————————————————————————————————————------------------------------ What is the Energy Web Foundation? https://www.energyweb.org/work-with-us/our-affiliate-ecosystem/ Firstly, lets start with who actually orchestrated the creation of the EW Chain and Ecosystem, the Energy Web Foundation in partnership with the Rocky Mountain Institute. The Energy Web Foundation is a global not-for-profit organization that creates open sourced, decentralized software around their blockchain ecosystem, the Energy Web Chain. In just a couple of years, The Energy Web Foundation has managed to grow the largest energy blockchain ecosystem comprising utilities, grid operators, renewable energy developers, corporate energy buyers and others. More on this later. What is the Energy Web Chain? The Energy Web Chain is a public, enterprise-grade blockchain platform designed for the energy sector's regulatory, operational and market needs. The energy market is extremely regulated and as such the PoS mechanism that Eth is deploying was not deemed adequate for the energy market by the regulators. Therefore, the energy web chain works on an amended version of Ethereum (it is not ERC-20!) which leverages Proof of Authority - only global energy companies can host nodes to validate the chain - more on validators later. Launched in mid-2019, it has become the industry's leading choice as the foundational digital infrastructure on which to build and run blockchain-based decentralized applications (dApps). Anybody can create a dApp on EW Chain, and the team are currently tracking 17 dApps that are scheduled to migrate across to main-net. Currently "The Energy Origin" dApp built by Engie is live - more on this later! You can check out their explorer here: Main-net: https://explorer.energyweb.org Test-net: https://volta-explorer.energyweb.org https://medium.com/@HSVGTS/energy-web-review-the-grids-new-digital-dna-86f80217634d Most current AMA https://medium.com/@HSVGTS/energy-web-community-ama-1-april-2020-e63650df0f48 Validators Overview Full list of validators here: validators.energyweb.org Some of the validators for the chain for those that don't like links: Shell EDF Engie Total PTT Fluvius Elia Group Stedin Centrica These companies host nodes to support the network. Ecosystem overview Shell - $388B PTT - $53B Tepco - $63B Total - $209B Exelon - $36B State Grid Ev service (subsidiary of State Grid Corp of China) - $363B Acciona - $8B Chubu - $22B Stedin - $1.2B EnBW - $25B EDF - $75B Engie - $65B Eneco - $4.5B Siemens - $94B SP Group - $4.1B Tenaska - $11.9B Wipro - $7.7B PG&G - $17.7B Centrica - $37.1B AGL - $8.1B APG - $1.2B AES - $10.7B
Sum = $1.5tn of revenue between the 22 largest companies that make up the ecosystem. Goal of the Energy Web ecosystem and maths behind their growth predictions: "Our goal is to reduce 10 gigatons of global greenhouse gas (GHG) emissions from the energy sector over the next decade by onboarding over 225 million low-carbon energy assets into applications supported by EW-DOS. This will result in 870 GW of additional renewable generation capacity and 515 GW of low-carbon demand-side flexibility. Together, these equal more than the entire installed electricity generating capacity of the United States." https://medium.com/energy-web-insights/digitalization-means-decarbonization-4e4b1af21d63 "we project one-third of total wind, solar, and biomass resources (in terms of installed capacity) to issue EACs via platforms built on Origin by 2030, increasing from 0% today." "As shown below, achieving our goals (at least 870 GW of additional renewable generation and 515 GW of DER / DR capacity) will require onboarding roughly 225 million assets into EW-DOS." This equals a lot of on-chain activity. So that briefly covers the chain and ecosystem, which anybody can create dApps on, but where is EWF's value add? The Energy Web Foundation has created two toolkits to help companies build on the Energy Web chain, these are detailed below: Energy Web Origin- (NOT THE SAME AS THE ENERGY ORIGIN - THE DAPP BY ENGIE) The EW Origin suite of SDKs supports existing and emerging renewable energy and carbon markets to simplify and enhance the issuance, tracking and buying/selling of energy attribute certificates (EACs), including renewable energy certificates (RECs), guarantees of origin (GOs) and international I-RECs. Energy Web Flex- The EW Flex suite of SDKs enable grid operators including vertically integrated utilities, distribution system operators (DSOs) and transmission system operators (TSOs) to integrate distributed energy resources (DERs) into energy markets and demand flexibility programs. Energy Web Token The platform is powered by the Energy Web Token (EWT) which is an evolution of Ethereum. The EWF recognized that Ethereum wasn't suitable for the energy sector, which requires higher TPS for devices and higher security, in line with regulation. So what is the use of the token? First off, in a recent AMA, Jesse (CTO) said this; Q- Can you confirm all Validators do in fact have to buy and sell tokens from exchanges or is there another process open to get EWT, like OTC? A- The only place where tokens can be bought or sold are the exchanges where EWT is listed. This is why the Energy Web team is working on getting EWT listed on additional exchanges so more people have access to EWT (more announcements on additional exchanges coming soon). The team have also said; "It is likely that validators that are running use cases will not be able to generate all tokens needed by themself, so they'll need to buy". So companies that need tokens, must buy (in the future via a treasury service) from exchanges. Intrinsic uses; Validator compensation - to pay for transaction fees and block rewards Chain security - to protect the network against transaction execution misbehaviour Extrinsic uses; Collateral - to enhance trust at the app level, e.g. in representations Community fund - 38m tokens put aside for further software development, bounties etc. Volume based approach to value- Small fees, large numbers of transactions. Currently 3m monthly transactions on test-net with this anticipated to grow exponentially as more value is pushed through the system and 250m devices are added. EWT is currently listed on Liquid and from the 7th May will be listed on BitMart. Supply & Market Cap Total supply: 100m Circulating supply: 46m 25m of that currently sits within the ecosystem with the energy companies. 21m is outside from the affiliate sales. Current market cap is therefore $92m Let me guess, its put you off somewhat? Some of the validators for the chain: Shell TEPCO EDF Engie Total PTT Centrica Companies within the ecosystem have a combined revenue of approx. $2tn a year and they have COMMITTED to using the ecosystem. The chain is 9 months old, has averaged 3m transactions per month on testnet and 17 apps are in production for mainnet, with one already live. Companies above are set to capture a third of the total market for renewables, with the devices pledged to run on-chain. Compare this to any other blockchain platform and then tell me it's overvalued. Also worth noting that LINK has never had a market cap lower than $49m, it's comparable. (BTW cool fact - LINK provides the oracle services for EW Chain) Current Apps and Those in Development TEO by Engie The Energy Origin by Engine is the first app released on Mainnet, Engie are a $65B French global energy company. The Energy Origin (TEO) is a startup incubated within Engie since September 2018 accompanying customers towards the 3 X 100% goals for the future of energy systems "100% renewables, 100% time, 100% local". TEO focuses on turning energy data into clear, compelling and trustable products through the use of Blockchain Technology. TEO commercializes an innovative solution to certify green energy production and consumption allowing customers to choose where their green electricity comes from and trace it back to its origin. The TEO dApp leverages blockchain to improve the traceability and transparency of green energy, while also expanding the capabilities of supply-demand matching between renewable generators and corporate buyers, such as by choosing green energy on the basis of type of renewable energy, geographic distance from a given facility, and amount of carbon offsets. https://www.youtube.com/watch?v=WMUwZBCH7_Y&feature=emb_title PTT Thailand The second app that is scheduled to go live on mainnet is built by Thai Energy company PTT, revenue $53B. Due to go live in May 2020. "Bangkok, Thailand, and Zug, Switzerland — September 11, 2019 — Today, Thailand-based multinational energy conglomerate PTT and global energy blockchain nonprofit Energy Web Foundation (EWF) jointly announced the development of a new blockchain-based renewables platform. The application will be built on the Energy Web Chain and leverage the EW Origin family of open-source software development toolkits to create a regional solution compliant with the International REC Standard (I-REC)." "PTT is responding to strong corporate demand for renewable energy certificate (REC) options in Thailand and the broader ASEAN region. Multinational corporations are looking to buy regionally sourced RECs matched to their demand from existing and new facilities in the region." "To date, Thailand and the ASEAN market more generally have largely been an untapped market for I-RECs. In 2018, some 1.2 billion energy attribute certificates (EACs) were traded globally. Yet renewable energy certificates (RECs) in the United States and guarantees of origin (GOs) in Europe accounted for the overwhelming majority of global EAC market activity. The ASEAN region only had about 5 million MWh of certified I-RECs, which represents less than one-half of one percent of global EAC markets." Shell Shell wholly owned subsidiary Sonnen are building a digital power plant on the the EWF ecosystem. (Shell themselves are a validator) "Zug, Switzerland — March 12, 2020 — Today the Energy Web Foundation (EWF) announced that the sonnen Group (sonnen) has unveiled a new virtual power plant (VPP) in northeastern Germany that leverages the Energy Web Chain and the EW Origin suite of software development toolkits (SDKs). A network of distributed residential energy storage systems comprise the VPP, which is used to absorb surplus wind generation and thus avoid curtailment of renewable energy by charging the batteries when wind energy is abundant." "With a flexibility market for renewable energies and the automatic exchange of supply and demand via the digital exchange 'EW Origin,' we are realising the next step towards a smart grid that can deal much more flexibly with fluctuations from renewable energy," says Jean-Baptiste Cornefert, Managing Director of sonnen eServices. "Virtual power plants such as those from sonnen are the technical building block for this power grid that has been missing up to now and can help to ensure that less green energy is lost." "The sonnen Group is one of the world's leading manufacturers of smart energy storage systems and a pioneer of clean, decentralized and networked energy system technologies. As one of the fastest growing tech companies in Europe, sonnen has received numerous internationally recognized awards. With its virtual battery, which consists of digitally networked home storage systems, sonnen offers new and highly innovative energy services for network operators and customers. sonnen's products are available in many countries and has offices located in Germany, Italy, Australia, the UK and the USA. Since March 2019 sonnen is a wholly owned subsidiary of Shell within its New Energies division." SP Group Singapore's SP Group launched one of the world's first blockchain-powered renewable energy certificate (REC) marketplace. The SP marketplace supports local, regional and international RECs which domestic and overseas buyers can access. SP decided to implement a blockchain-based solution to offer an improved system compared to their competitors. The utility firm hopes that blockchain can furnish better security, integrity and traceability. SP's Chief Digital Officer, Samuel Tan, said, "Through blockchain technology, we enable companies to trade in renewable energy certificates conveniently, seamlessly and securely, helping them achieve greener business operations and meet their sustainability targets." Mike Power, COO of Technology and Operations, at DBS added: "As Southeast Asia's largest bank, we recognize the leadership role we can play in promoting sustainable development, including supporting innovations in renewable energy. SP Group's blockchain REC platform will make it more economically effective for organizations and will catalyze the transition towards a low carbon economy. " The project will also help Singapore achieve its low carbon targets as part of the Paris COP-21 climate change agreement. Others that I could easily find… Minna Japanese utility company announced they completed a joint test of blockchain for the renewables market on EW Chain. Electron - In the field of cybersecurity, Electron, a British startup, is developing a smart meter registration platform for gas and electricity and is researching advanced encryption techniques for smart meters [85]. Stedin Energy21 and Stedin have a blockchain solution that enables local energy markets to transact with each other and with wholesale energy markets. This forms a layered energy system that links local energy markets and microgrids to wider national markets taking a system and market-based approach rather than depending on P2P energy transactions. Grid Singularity Based in Austria, Grid Singularity aims to provide several blockchain solutions for the energy sector, including trading of green certificates [213]. Grid Singularity is a founding member of the Energy Web Foundation [72]. Grid Singularity, a founding member of the Energy Web Foundation, is also working on providing smart grid management solutions EvolvePower EvolvePower develops blockchain solutions for energy utility companies and grid operators, enabling them to get better visibility, access and control over data at the grid edge. Slock.IT (In partnership with Siemens, Innogy and Samsung) In Germany, Slock.it aims to develop IoT applications and a platform for sharing economy, named the Universal Sharing Network [222]. They have partnered with Siemens, Innogy RWE and Samsung and are currently supporting various research projects that aim to accelerate the development of Ethereum and smart contracts technologies. OLI Based in the US, Oli is focusing in optimisation of energy system components, such as single power plants, demand services, storage providers but also more complex energy systems comprising multiple components. Wirepas Wirepas, the IoT provider, has been testing blockchain technologies in collaboration with the Energy Web Foundation. They aim to connect IoT devices to distributed ledgers, especially devices deployed on the consumer side or the grid edge [233]. Share&Charge platform developed by Innogy Motionwerk and Slock.it, allows P2P transactions between EV drivers and private EV charging infrastructure owners. The EV charging stations network runs on public Ethereum and smart contracts. Innogy has launched hundreds of EV charging stations across Germany since May 2017 [236]. PLEASE SUBSCRIBE TO OUR SUBREDDIT R/ENERGYWEB TO STAY UP TO DATE WITH ALL UPCOMING ANNOUNCEMENTS A complete list of all articles written by community member, HSV. Some Interesting Links https://www.sciencedirect.com/science/article/pii/S1364032118307184 https://www.ledgerinsights.com/enterprise-blockchain-ibm-platform-aws-azure/ https://medium.com/@HSVGTS/energy-web-community-ama-1-april-2020-e63650df0f48 https://www.youtube.com/watch?v=v0gT7axdXfA https://medium.com/@HSVGTS/energy-web-review-the-grids-new-digital-dna-86f80217634d https://medium.com/energy-web-insights/digitalization-means-decarbonization-4e4b1af21d63 [link] [comments]  | ||
| Iran To Remove Four 0s Off Their Currency As US Sanctions Fuel Inflation Posted: 05 May 2020 01:36 AM PDT
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| The Most Important Lesson Trading Taught Me Posted: 04 May 2020 08:22 PM PDT
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| Ripple Hit With Another Lawsuit Alleging XRP Security Laws Violations Posted: 05 May 2020 04:22 AM PDT
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| Posted: 05 May 2020 04:15 AM PDT | ||
| Negative interest rates: Banks are coming for your money. This is why crypto. Posted: 04 May 2020 11:37 AM PDT
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| Ethereum just had its 10,000,000th block mined | History of Ethereum so far Posted: 04 May 2020 11:24 AM PDT
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| Bitcoin Mining Farm Raided in TV Show Billions (now with RGB lightning) Posted: 04 May 2020 07:59 AM PDT
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| Opening Minds & Opening Money Through Opening Technology - Jameson Lopp Posted: 05 May 2020 02:42 AM PDT
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| ExtStock exchange is doing a live exit scam right now Posted: 04 May 2020 08:29 AM PDT
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| To those who are hoping for something from Bakkt... Posted: 04 May 2020 10:56 AM PDT I think it's time to let those expectations die. I was reading an article from the atlantic this morning and wanted to see who this example of a parasite was and how she got so wealthy. I was slightly astounded to see that this corrupt senator used to be the CEO of Bakkt. If the rest of the company is anything like she is, this does not bode well for their "physical settlement" offering. "Kelly Loeffler, the Republican junior senator from Georgia, whose sole qualification for the empty seat that she was given in January is her immense wealth. Less than three weeks into the job, after a dire private briefing about the virus, she got even richer from the selling-off of stocks, then she accused Democrats of exaggerating the danger and gave her constituents false assurances that may well have gotten them killed. Loeffler's impulses in public service are those of a dangerous parasite." [link] [comments]  | ||
| Call/email Andrew Cuomo to abolish the bitlicense for covid 19 safety Posted: 04 May 2020 10:42 AM PDT The bitlicense is a law in NY State that makes is exceptionally difficult for businesses to accept cryprtocurrency. Cryprtocurrency is the safest possible way to exchange value, because it can be transferred at a distance of over 6 feet, and doesn't require anyone touching potentially infected cash or credit cards. If every New Yorker could reach out to Andrew Cuomo and explain this, I feel as if laws could be changed. Here is his contact info [link] [comments]  | ||
| Avacus Adds Stablecoin DAI to Purse-like Amazon Marketplace Posted: 04 May 2020 06:21 AM PDT | ||
| Posted: 04 May 2020 11:57 AM PDT -Today's Crypto of the Day is NEXO, and it's current price is $0.1121. DUE TO SOME PERSONAL ISSUES, I AM TEMPORARILY BEHIND ON FOLLOW UP POSTS. I WILL EVENTUALLY CATCH UP AND POST MY OPINIONS ON ALL OF THEM. I AM NOT TRYING TO MAKE LOW EFFORT POSTS AND WILL DO MY BEST TO POST A NEW DISCUSSION DAILY FOR A WHILE. THANK YOU FOR YOUR UNDERSTANDING. -Since 2/18/20, I have posted a crypto/asset of the day for discussion. I typically begin by posting the current price, as well as the brief CoinMarketCap summary. If there is a video featuring it on Coin Bureau, I also post that. After a week or so, I usually post replies to some of the posts, and I also add an overall summary of my thoughts, if I plan to hold any, and is so how much. -I strongly encourage everyone to follow up on past discussions and you can still make comments on them. There is a lot of valuable information on many of these posts, so please check them out as you have time. You may learn a lot regarding some of these projects. I know I certainly did! https://www.reddit.com/r/CryptoCurrency/search?q=author%3Ajoenorwood77&restrict_sr=on -My first month or so I featured projects listed on some of the main exchanges. Now I plan to focus on the top 100 on CoinMarketCap. After that I expect to broaden to the top 200, and then some random moonshots. I will eventually create a post looking for any projects I should feature before I eventually close this project. -Just because I feature a project does not mean I like it. I feel discussion on bad projects are just as important as the good ones. It is useful to hear pros and cons about every project, even if you are simply playing devils advocate. -I would say a perfect reply would include at least one pro and at least one con for the project. However, I still feel it is acceptable if you post only pros or cons. If your post does not have any substance to it, "this coin is a scam", "avoid this shitcoin", "this coin will moon to $1000 by the end of 2020", then I will just assume you are posting for personal gain rather than helping the community. If you simply downvote the post without any comments, the only thing you accomplish is having less people view the post. I do not care about Reddit Karma, but if a post drops to zero early on, it can be extremely difficult for people to even find these discussions (which I assume is your intention). -These posts are not meant to be financial advice, but instead to be an educational discussion. Everyone is responsible for doing their own research. For each project, I am interested in learning if you have any investment in it, and if so, about what percentage of your portfolio does it carry. Most importantly, what should we all know; good, bad, and indifferent, about this project? [link] [comments]  | ||
| Bitcoin Transaction Fees Skyrocket as Indicators Show High Network Activity Posted: 04 May 2020 04:46 AM PDT
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| Anyone heard of these guys, they are pumping hard on LinkedIn and seems very scammy. Posted: 04 May 2020 06:31 PM PDT
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| Posted: 04 May 2020 06:46 AM PDT We recently wrote a longer piece about this crypto project. After some amendments with the help of their Reddit community, we think it's ready for a wider audience. https://cryptoincome.me/what-is-vechain-vet/ P.S. The article is in no way monetized (referral links or anything) and is based on our own research. [link] [comments]  |
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