Hear me out. On Reddit, the #solarpunk channel is decidedly anti-blockchain. To me, this is totally surprising and against the actual ethos of Solarpunk - to integrate technology for a bright, clean future.
Granted, blockchains don’t have much reputation in alternative circles. And for a good reason. A lot is just linked to scams, get-rich-quick dudes, and speculation, apart from energy consumption arguments.
But blockchain at its core is just a distributed database. One that has no central authority, can not be tampered with, cannot be altered, nor taken down if parametrized accordingly.
This allows - as a potential - to democratize access and value creation. Renewable energy is also fundamentally decentralized. Everyone can participate!
Now, with the costs of renewable energy creation (notably solar) shrunk significantly, and the demand for energy consumption rising heavily, if we only think about the booming electric vehicles alone -
What if people could earn money by generating solar energy and selling directly to vehicles, instead of the grid? I believe this could actually boost renewable energy generation over the roof.
Generators would be rewarded with a blockchain token for the energy generated, while consumers would pay for the energy in those tokens. Therefore speculation would be curbed as the tokens are for a real thing, energy, which on top is a stable unit - kWh.
Of course there are a lot of hurdles here - mostly institutional. Usually, energy is controlled by local authorities. They don’t want to allow anyone access to this market.
Then there is the distribution issue. Energy must be transported to the points of consumption, the charging stations. But due to the decentralized nature, this could actually result surprisingly cheap, as instead of transporting large distances, more charging stations in neighborhoods could reduce those distances. But still, this would require upfront charging stations and distribution investments.
I am an engineer. A dreamer. More often than not, as many many others, the realities of markets and economies clash with such ideals, thrashing generally good ideas.
But I wonder if such a scheme could made be possible. Anyone having some good suggestions? I mean mainly from the economics side. How to design the scheme, how to make it so that it is interesting to everyone? There are already several solar energy blockchains, but they kinda failed to get traction.
For the more radicals - I also dream of a money-less Solarpunk future, but to date, it seems further away than ever, looking at the right wing surge everywhere. Maybe we can build bridges at least from the technological side. Thank you if you got so far. Happy to respond to critique and questions.
Precisely my thought. I’ve yet to see an application of block chain that hasn’t already been solved by some other technology.
I can turn this around. I have yet to see some of the characteristics of blockchains being solved by some other technology. You may say it’s irrelevant because they are useless, and I am not going to argue against that. But it’s a technology and as such has potential. Maybe not today, maybe never. It’s like Solarpunk. We don’t know if it will ever be real.
Sure, if blockchain was created first then it would be novel instead of novelty.
So you think cryptos “solve” the same problem as paper money? A distributed open network is just the same as some rich bros printing paper?
Sometime the point is not to solve a new problem but to improve a fundamentally broken “solution”.
No and yes.
Money was created to improve upon the barter system by adding a standard unit of value. Paying salaries no longer needed stores of salarium, the state just prints money to pay for services and taxes it back to prevent the currency from inflating.
The problem that crypto solves is that rich bros don’t like the state monopoly on the creation of money. It’s not an actual problem, they just want a legal means of committing fraud.
How is it an improvement?
Rich bros print the crypto currency with no accountability.
Governments print real money.
FTFY
I am not talking cryptocurrency but blockchains. And governments don’t print real money, they just print money you think is real, because they force you to. And there are crypto currencies which are not printed by rich bros. However, the same way as community currencies like LETS or mutual credit, they have just limited impact. I just say this because the all-round attack “it’s all garbage” simply is not true.
There’s application in responding to requests for information quickly, in a mesh network, perhaps in presence of malactors. For example the medical records of injured US soldiers are stored in and delivered using a block chain solution.
There’s application in a hypothetical currency free from the corruption of governance. For example, an orange President couldn’t print gobs of money during a pandemic, devaluing your currency, then hand that money to corporations.
Online databases already exist and have been handling requests for information quickly for longer than there has been an internet, and always in the presence of bad actors. What problem is there, specifically, that the blockchain would solve?
No they arent, the DoD did a study that said it might be useful for that purpose if they can solve the challenges with scaling, interoperability, and integration with legacy services.
No there isn’t. Unregulated currencies are still subject to corrupt governance, the only difference being that the governance isn’t nominally accountable to the electorate. Literally nothing has stopped Elon from printing scam tokens for his pump and dump schemes and keeping the extracted value for himself.
This is what happens to IT professionals when the centralization of textbook design is no longer appropriate the situations. All they’ve got is a hammer. So, everything’s a nail, even if it means lying.
Bitcoin is the only inflation resistant currency I know of.
It’s not a very useful currency if deflation is making people hoard it…
The current situation, where those closest to the issueing party of new currency reap the biggest reward, also sounds not very usefull. Therefore I do applaud alternatives, be they not perfect.
What do you mean, “alternatives”? This sounds like a distinction without a difference.
A little inflation is a good thing. The deflationary cycle is awful.