Summit 18 Takes Over Downtown Los Angeles for its 10th Anniversary Event (Nov. 2-5, 2018)
AUSTIN, TX – November 2, 2018 – This November, DecentraNet’s Ted Moskovitz and Matt McKibbin will be attending Summit LA18. Summit’s 12th event, Summit LA18, celebrates its tenth year of combining their pillars, ranging from art, talks, culinary experiences, music, and wellness. Since its founding, Summit has prided themselves on designing experiences that connect and inspire a community of today’s brightest leaders.
“Summit’s annual flagship event, LA18, will bring together a diverse group of leaders across all disciplines to participate in experiences designed to foster relationships and inspire new perspectives. We are thrilled to participate alongside luminaries like Jeff Bezos, Bill Clinton, Malcolm Gladwell, Jessica Alba, Eric Schmidt and Brené Brown,” said Ted Moskovitz, Co-Founder of Decentranet.
The three-day event will take over the heart of downtown LA’s historic Broadway Theatre District, a treasured backdrop for being an entertainment epicenter. Its centuries-old hotels, restaurants, theaters, parking lots and alleyways provide an incredible infrastructure able to host a diverse and uniquely energizing experience like Summit LA18.
The summit is a conference in which a privileged and exclusive community can engage in a discourse that has the extraordinary potential to better the lives of others and the world around us.
Ted and Matt will focus their energies on participating in the blockchain and impact investing tracks. They are also especially thrilled to participate in the Pre-Day Blockchain and Cryptocurrency programming. If you are attending, please reach out and schedule some time to chat with our team at email@example.com and firstname.lastname@example.org.
NEWS: BuildCoin and PetaWatt Team to Deliver More Renewable Energy Sources to Market Using Blockchain Technology
The Decentranet Team is delighted to share great news about our client, BuildCoin Foundation. Furthering its mission to fund and execute sustainable innovative infrastructure projects through its blockchain ecosystem, the BuildCoin Foundation is pleased to announce its new partnership with PetaWatt. PetaWatt is a vertically integrated energy, facilities & service provider to high demand energy consumers, such as blockchain cryptominers, hydroponic operators, and data centers. As John Cronin explains below, Petawatt intends to use the BuildCoin security token to finance their larger projects and our blockchain platform to execute their projects. This partnership helps achieve the mission and vision of both organizations.
Congratulations to both teams on a promising partnership! Read more below:
WASHINGTON (PRWEB) OCTOBER 30, 2018
Working with renewable energy providers, PetaWatt aligns renewable and distressed power generation sources with medium to large-scale energy consumers that require significant, constant power at low cost. PetaWatt is combining three relevant existing businesses that will serve to provide a complete, vertically integrated energy, infrastructure and service provider to high energy demand users, including crypto miners, hydroponics operators and data centers.
Petawatt will leverage BuildCoin’s security token to provide an innovative financing option for its power plants and facilities. The BuildCoin security token will transform financing for infrastructure projects by broadening the investor base through global exposure, speed transaction execution, and lower fees through the reduction of financial middlemen. Petawatt will also you utilize the BuildCoin blockchain platform to track payments and performance for the buildout and renovation of its facilities.
“PetaWatt’s innovative business model pairs crypto miners with struggling renewable energy producers to help them stay financially viable as they look to grow demand for their energy,” said John Cronin, president, BuildCoin Foundation. “There has been much negative press around crypto mining because of the massive energy consumption, but in the PetaWatt model crypto mining becomes a catalyst to help renewable energy grow and prosper. Petawatt intends to use the BuildCoin security token to finance their larger projects and our blockchain platform to execute their projects. This partnership helps achieve the mission and vision of both organizations.”
About the BuildCoin Foundation:
The BuildCoin Foundation is a non-profit provider of a blockchain ecosystem for public infrastructure and construction projects based in Zug, Switzerland. Our BuildCoin Ecosystem modernizes infrastructure project origination and execution. Our blockchain platform offers transparency and immutability, process integrity and disintermediation, lower costs and faster transactions, and access to high-quality data to participants. Visit http://www.buildcoinfoundation.org.
PetaWatt is a vertically integrated energy, facilities & service provider to high demand energy consumers, such as blockchain crypto miners, hydroponic operators, and data centers. Visit http://www.petawattgroup.com.
AUSTIN, TEXAS – October, 19 2018 – DecentraNet is proud to announce their advisory partnership with Public Market, the world’s first zero-fee, reward-driven, blockchain-based marketplace. The two firms intend to bring the cost savings and efficiency of blockchain to the world of eCommerce in a seamless experience that benefits both sellers and consumers. Public Market was voted number #1 eCommerce app on Product Hunt and, this month, launched their flagship storefront at public.market.
“Public Market is a radically efficient commerce model as it eliminates transaction fees, commission-free. Their potential is unlimited and we’re proud to collaborate as they forge a new path for e-Commerce. We hope to create value in a variety of ways.” says Matt McKibbin, DecentraNet’s Founder and Chief Decentralization Officer.
“At Public Market, our goal is leverage new open technology stacks to transform the eCommerce experience not just for a small group of early adopters but for everyone. To achieve that vision at scale, we need mission-aligned partners like DecentraNet to continually expand our network of passionate collaborators,” says KJ Erickson, Chief Executive Officer of Public Market.
Public Market’s mission is to break the growing monopoly of eCommerce marketplaces, which brings with it deteriorating control and profit for sellers and higher prices and less choice for consumers. To learn more about Public Market, check out their recent Medium post or sign up for early access to their beta.
About Public Market
Public Market is a commission-free eCommerce protocol that pools inventory from third party marketplace merchants and allows anyone with an audience (affiliate marketers, drop shippers, influencers) to syndicate that inventory on their own channels. With 9M unique SKUs in their flagship storefront, Public Market
Public Market is backed by leading investors including Coinbase Ventures, Crunchfund, and Hustle Fund. The company’s founders are successful marketplace and eCommerce entrepreneurs, having founded Simbi (world’s largest alternative currency marketplace), Monsoon Commerce (multi-channel eCommerce SaaS, facilitated $12 billion in sales), and Better World Books (Amazon’s largest book seller, $500m+ in sales).
DecentraNet is purpose-driven full-service blockchain advisory and investment firm serving entrepreneurs with a suite of expert advice, deep industry partnerships, access to capital, community events, and a network of done-for-you service providers. We specialize in blockchain projects with a global impact as well as companies building the infrastructure to support them. We also produce events, content, and programming, and are evangelists for the potential of blockchain technology.
(1) 469-730-6703 (US Central)
OCTOBER 10, 2018
DecentraNet’s quarterly dose of news, events, and culture from the blockchain and crypto world.
As with any new technology or movement, even just a week can seem like a year. New projects, announcements, conferences, regulations — it can be hard to keep up. Everyday we get dozens of questions on how to be more involved in crypto and what to pay attention to, where we are going, and what teams we’re working with. This is our quarterly answer.
From our block to yours,
The DecentraNet Team
DecentraNet’s first anniversary and we’ve added a new team member!
Fall has arrived and Team DecentraNet is fresh-off of celebrating our first birthday! Our company is officially one year old (as is Tiffany’s daughter Charlotte, who celebrated her first birthday this past weekend — happy birthday Charlie!). We celebrated with a retreat in Austin, Texas (our future headquarters) by zeroing in on our goals for our clients and team in Q4. We also ate a lot (repeat, lot) of delicious BBQ.
We are also thrilled that our team is growing, and we are bringing on new hires. Our most recent addition is Alex Handrick, who will be supporting our operations and business development objectives.Alex Handrick is an 8-year U.S. Army combat veteran who became interested in Blockchain technology in 2014 while attending the University of Cincinnati, and quickly began researching, investing, and becoming a leader within his local blockchain community. Upon exiting the military Alex began working in the security and protection sector, eventually becoming head of executive protection for John Mcafee.
During this time Alex came into direct contact with the blockchain industry’s leading teams and projects. Realizing his talents were better served working directly on these projects, Alex left the executive protection industry and threw himself into the blockchain industry full-time. Next time you’re in town, drop him a line at email@example.com.
Four new clients: The download on Decentric Media, Snips, Mom.life, and Native
While from an outsider’s perspective these last few months have been tough for the crypto-markets, our team and projects are thriving. There is no shortage of forward momentum and capital for fantastic products and the innovative teams behind them.
Decentric: Next Gen 24H News
Decentric Media is a financial news, cultural and entertainment media company supporting Blockchain & Crypto market professionals. Decentric will deliver seminal industry information through a live 24/7 broadcast and on-demand video network, distinctive digital publications and premier industry events. Decentric is raising a STO in seed round. Their media materials provide an interesting snapshot. In addition to advising Decentric, our team is jazzed to be among the first content producers for their network. Stay tuned for more on that.
As our Chief Decentralization Officer put it, “Integrating and promoting the culture of decentralization within the mainstream has been my passion ever since I co-founded d10e. Decentric Media’s goal is to help bring one billion wallet holders in the crypto industry by 2022. I am honored to be joining the Decentric Media team to help achieve this goal.”
If you’re interested in contributing or investing into the decentralized content shown on Decentric Media feel free to email us and fill out this form or email firstname.lastname@example.org with your interest and ideas.
Mom.life: Empowering #MomLife Content
Mom.life is building a shared economy for mothers that will finally make them stakeholders in the economic value they generated by their on- and off-line attention, data and spend. Powered by a native token, the digital currency serves as the exclusive medium of exchange and value storage within the global mom economy and should drive inclusion — to lift families out of poverty. Moms will be earning and redeeming tokens in existing and developing marketplaces of advertising, personal data and content, P2P trade, freelance services, virtual goods and collectibles, charity, third party goods, services and content.
“Unlike centralized social media networks Mom.life gives the power of the attention economy back to the moms who are creating the content within their network. Empowering mothers around the world has the potential to create targeted impact and financial inclusion,” says Matt McKibbin.
Mom.Life has already had some incredible successes having signed LOIs with six of the largest international CPG advertising clients, including Nestle, on co-creation of pilot tokenized market places where users will earn tokens for advertising products and selling their data — and redeem them for branded goods and services. Mom.life is also raising capital. Check out their sales deck and teaser.
Native: Incubating Tomorrow’s Communities
Native provides the fundamental structure for valuing and operating communities through their own local currencies and a set of governance tools. In addition, Native provides templates which suit various types of communities’ needs to ensure that even those with limited economic and technical knowledge can participate in these emerging financial ecosystems.
Native-based community currencies have several functions — including membership, transacting, and voting rights. The governance features enable collective decision making. Votes can be used for guiding important community decisions, choosing and funding community projects, and determining policy. Each community currency on Native is integrated with a decentralized liquidity network. This ensures instant convertibility between any two community currencies in the network at fair market value, as well as convertibility to digital currencies external to the Native ecosystem. The combination of these tools empowers communities to more effectively realize their inherent value in a global economy. Native investor materials can be found here.
“Decentralized communities have the power to align incentives and scale governance structures for entire global communities like never before seen. The easy to use tools like Native take the technical out of creating a DAO community and put it into the hands of anybody much like WordPress allowed anyone to create their own website,” says Matt McKibbin.
Snips: Creating the Decentralized Alexa
We are stoked to announce our new partnership with Snips.ai, a private-by-design, open-source, decentralized voice assistant. It is fully decentralized: inference is done on-device without any data being sent to the cloud. Training is achieved on the blockchain using federated learning. The appstore runs as a token-curated registry.
Snips was founded in 2013 as a research lab in AI by three PhDs. The team has been selling its technology as a white label voice assistant for device manufacturers, in partnership with chip makers such as NXP. It is now the leading voice startup in Europe. 22M in VC funding, 60+ person team and over 14,000 developers use the platform. Snips is one of the most active projects currently in the blockchain space. To learn more, check out their deck, whitepaper or learn more about their private token sale.
“Snips.ai puts privacy and data ownership at the forefront of its design enabling anyone to bring voice assistants into their home without putting a microphone to someone else’s server,” says Matt McKibbin.
If you’re interested in investing in making voice assistants private and decentralized or have an interesting project idea let us know.
Burning Man @ Camp Decentral (July-August 2018)
Our team partnered with the folks at Giveth.io to represent the blockchain ecosystem at Burning Man this year. For those that aren’t familiar, Burning Man is a social experiment with radical sharing, a fascinating playground for impromptu economies (here’s a great postfrom a fellow Decentralite, Danielle, attempting to answer the question “What is Burning Man?” ). Our mutual mission was to bring the blockchain to the burn and vice versa. We succeeded. On the Playa, Camp Decentral hosted 100 hours of epic talks and featured original thinkers exploring the transformation of modern society to a post-industrialist plan-B type situation.
Stay tuned for the top videos from the event series with speakers like Jamie Wheal, Brock Pierce, Vinay Gupta, Oleskii Matiiasevych, Bear Kittay, Liraz Siri, and Dr. Rand Hindi.
FreedomFest (July 11–14)
Tiffany Madison represented DecentraNet at the FreedomFest event in Las Vegas, July “Where Is the Voice of Reason?” Tiffany helped craft the panel, “Women from the Blockchain: How Blockchain and Cryptocurrency are Upending Traditional Power Structures with angel investor and blockchain mastermind Elizabeth Hunker, the always talented Shannon Ewing of Presearch, and the emcee of all emcees, Naomi Brockwell (also known as Bitcoin Girl).
Block Seoul (September 16–19)
Block Seoul brought together investors, entrepreneurs, high-level government officials, academics, and believers from around the world. Our founder and Chief Decentralization Officer, Matt McKibbin, spoke alongside Jimmy Wales, Founder of Wikipedia, General Michael Hayden, Former Director of CIA and the NSA, and Lt. General James Clapper, Former Director of U.S. National Intelligence.
Matt and Ted will attend the Inaugural Vortex Ignite Retreat @ L’amandier, outside of Marrakech, will be bringing 9 experienced teachers and facilitators–including Teresa Kay-Aba Kennedy–to guide 24 extraordinary men and women through the program for the very first time. They’ve crafted a very special rich, profound, emotional, and yet highly lifting and stimulating journey for attendees. A select group of world’s most productive leaders will go through a range of powerful experiences, individually and as a group. Find out more at www.vortexglobal.net.
Restart Week Puerto Rico (October 25–30 & December 11–15)
We are collaborating with the Restart Foundation for Restart South (Ponce — Oct 25–30) and Restart East (Fajardo/El Yunke Dec 11–15). We are honored and inspired to be a part of this community and to work alongside the talented, passionate and dedicated team and partners as we move into this next phase of the the project’s development. We are dedicated to bringing blockchain impact-focused technologies to restart and rebuild Puerto Rico’s thriving economy.
Summit Series (November 2018)
This November Ted & Matt will be attending Summit LA. Summit designs experiences that connect and inspire a community of today’s brightest leaders. Ted and Matt are excited to participate alongside luminaries like Jeff Bezos, Bill Clinton, Malcolm Gladwell, Jessica Alba, Eric Schmidt, and Brene Brown. Ted and Matt’s energies will be focused on participating in the blockchain and impact investing tracks. If you are attending, please reach out and schedule some time to chat with our team.
Do you have a project that might be a fit for our Investment/Advisory portfolio? Drop us a line and tell us about it.
Our partners at The Startup Societies Foundation and Institute for Competitive Governance are proud to launch the Ulex crowdfunding campaign. We, at DecentraNet, fully support this fantastic project. Here’s why.
What is Ulex? It’s an open-source legal system.
Ulex allows those who use it to quickly and efficiently resolve disputes by having two parties both select a judge, who in turn chooses a third. Ulex draws on the American Law Institute’s restatements of the common law and other known equitable doctrines. The problems of exorbitant court fees, summons, government bureaucracy and inefficiency of the court system all around the world can be traversed.
What problems does Ulex aim to solve?
Currently, organizations and individuals are dependent upon the legacy legal system. Accomplishing even simple goals has significant obstacles when faced with bureaucracy bottlenecks, poor policy and obstructive legal personnel. Such delays and blockades stop many entrepreneurs, communities and families from functioning in a healthy way. In an increasingly global and interconnected world, the laws and courts of yesteryear simply no longer function as they should.
Just as Visa and other private payment processors connect into commercial relations people who otherwise wouldn’t be able to trade, Ulex makes clear the law that will govern the relations between persons anywhere in the world. Both human and computer readable rules will be provided so that users of all stripes can use Ulex to handle their disputes: from sales contracts to torts and divorce law. Smart contract and escrow solutions may be used as needed, but having a private law that anybody can refer to is a world above current international business.
Ulex believes in making it easier and more efficient to resolve disputes, and that properly aligning incentives and assuring trust between parties are keys to successful projects — attributes enabled by Ulex. Ulex has the potential to change the way people do business, marry, resolve property disputes and much else.
The crowdfund is an opportunity to get involved in future solutions. Creating an open-source solution which will be available to all (much like Linux) is not free. Codifying the restatements of the common law in computer-readable language is the task of the Ulex development community, who will be compensated with bounties upon solving specific tasks. To this end, the Ulex Crowdfunding campaign is underway — to ensure access to justice to a world yearning for it.
Real Life Applications
The Ulex team has gone into detail on the applicability in various environments, from Silicon Valley startups to open-air markets in Lesotho. Suffice it to say that Ulex is solving a problem of access to justice, which is being underserved worldwide. After all, are you satisfied with that time you used the court system, or even private arbitration?
The best way to solve a legal dispute is never to have it. Ulex functions in a way that promotes negotiation and cooperation rather than adjudication, as the loser will always have to pay the legal costs. This makes private solutions and stopping a dispute before it even happens the wisest course for people and organisations running Ulex — and a network effect can only amplify the power this bears.
The result can be a web of open collaboration where trust is less necessary: less friction, lower costs and faster solutions allow for greater agility in all walks of life.
White Paper and Technical Documents
The crowdfunding page (cryptocurrencies accepted)
Austin, TX, September 11, 2018 /PRNewswire/ — Decentranet has announced that its Co-Founder and Chief Decentralization Officer, Matthew McKibbin, will present at Block Seoul, a global technology summit for investors and innovators hosted in Seoul, South Korea. The September 16th-September 19th event will feature over 40 thought leaders and innovators, including Jimmy Wales, Founder of Wikipedia, General Michael Hayden, Former Director of CIA and the NSA, and Lt. General James Clapper, Former Director of U.S. National Intelligence.
On September 18th, Matt will be joined on stage by Jane Lippencott, Sangjin Hong, Frank Yu, and Sungku Kim. The panel, Can Startup Accelerators Take a Business to the Next Level, takes place from 11:40 a.m. – 12:20 p.m. local time. On September 19th, the 2:20 p.m. – 1:00 p.m. panel, Centralised vs. Decentralised Cryptocurrency Exchanges, will feature Matt alongside Bobby Lee and Timothy Tam.
“Seoul is a global leader in blockchain development, investment and innovation. I’m honored to be involved in an event which aims to gather high-caliber thought-leaders, technologists, and individuals at the forefront of decentralizing the world as we know it,” said Matt McKibbin.
Aside from stellar content, performers like violinist Christen Lien and pyro artist Shin Masta deliver mesmerizing performances to open minds. 3-star Michelin rated chef Yannick Alleno and other culinary experts create delectable meals, and handpicked mixologists produce cocktails, all designed to tantalize. The 5-star Sheraton Seoul Palace Gangnam Hotel provides a shuttle, so attendees are a short 10 minutes away from resting their heads in luxury, for just $155 a night.
We are looking for a freelance copywriter to work remotely for our blockchain advisory firm. We’re seeking a candidate with 1-2 years of professional, non-academic experience, who understands how to create quality content and has a strong familiarity with online marketing and SEO strategies. The candidate would also need to be responsible, self-motivated, and well-organized. Self-starters and team players with a natural love of the written word, looking to add value to our brand story and development are ideal candidates.
- Write clear, concise, and conversational copy for our company newsletter and blog.
- Create professional press releases announcing company updates concerning new partners, advisors, and events.
- Ensure tone and style, across all mediums.
- Creation of marketing copy such as blog post, social posts, web copy, emails, and other marketing materials as needed.
- Work with stakeholders and reviewers to keep the brand voice consistent.
- Use effective marketing strategies to broadcast materials throughout social media profiles and emailing campaign platforms to ensure maximum distribution.
- Interest in the blockchain ecosystem and emerging technologies.
- Ability to understand developments and trends for DecentraNet’s advisory clients.
- A minimum of 1 year writing copy for brands in an in-house creative department and/or agency role.
- Experience in Journalism and editorial writing is a plus.
- You know what makes a killer headline and have a knack for both writing and editing.
- Ability to move quickly, test the copy you create, and iterate to find the perfect performance-based solution.
- Excellent English writing and editing skills.
- You take initiative, keep organized, and can handle multiple projects at once.
- Strong problem-solving skills, ability to thrive in a fast-paced environment, and close attention to detail.
Working at DecentraNet
We’re a remote team of made up of seven people scattered around the globe. Everyone works from a location of their choosing. We meet once per quarter to strategize and strengthen our relationships. We care deeply about the blockchain industry, our clients, and our community. Our organizational structure does away with strict hierarchy. We believe in working with a high degree of autonomy while supporting the team’s priorities.
Interested parties should contact Tiffany Madison at email@example.com with a cover letter and resume.
The Decentranet team is proud to support the launch of the public DAOstack token sale. We believe in making it easier and more efficient to deploy projects on the blockchain, and that properly aligning incentives and bringing community involvement are keys to successful projects—attributes enables by the DAOstack platform. DAOstack has the potential to change the way people embark on start-ups, manage communities, and grow organizations by allowing participants to collectively own and manage their projects.
TOKEN ALLOCATION AND TIMELINE
Main sale starts: May 8, 2018 at 4:00am GMT
Main sale ends: When overall cap is reached *or* 30 days, whichever is sooner
Minimum send amount: 0.5 ETH
Maximum send amount: none
DAOstack is a comprehensive toolkit that provides the governance and economic framework needed for collectives to self-organize around shared goals and interests without being forced to cede control to a CEO or chairman of the board. While using the platform an organization’s voting procedures, governance rules, community guidelines, transactions, and communications are transparent. This solves a significant problem facing decentralized and blockchain-based organizations: the ability to leverage resources to scale.
Currently, organizations are dependent upon various factors to effectively organize. Accomplishing even simple goals can face significant obstacles such as mistrust between members, disparate geographical locations, bureaucracy bottlenecks, and local government rules. By creating challenges for these members to accomplish beneficial objectives for the organization, development and growth often fails to reach its full potential. In an increasingly global and interconnected world, DAOstack proposes to change these rules.
Currently, organizations must grapple with a variety of factors to effectively organize. Accomplishing even simple goals can seem daunting because of significant obstacles such as mistrust between members, disparate geographical locations, bureaucracy bottlenecks, and local government rules. These challenges prevent the achievement of objectives for the organization and growth often fails to reach its full potential. In an increasingly global and interconnected world, DAOstack proposes to change these rules.
When organized within DAOstack, a company, project, or organization’s members and leaders have the ability to change how they organize and manage their communities to achieve common goals. For instance, if you had a project organized on DAOstack that wanted to engage in community service, you would put up a proposal to the community. They would vote on that idea and the proposal. If approved, members could then vote to send community resources to those proposing the action — to get the job done. Proof and evidence of completion are provided to the voters and funds are released. The reputation of the participants can be improved based on adhering to community guidelines.
REAL WORLD APPLICATIONS
For startups, particularly of a decentralized nature, DAOstack solves a significant organizational problem. If an organization needs more developers for a project, a member of the community, whether a leadership team, department or individual, makes the proposal to the community. The community can then vote on the proposal and allocate tokens from the budget to pay for the services.
The developers are then approved by the community, complete the work, and return with results to the voters. The community could then vote to approve the acceptance of the products delivered and release the token funds as agreed upon. The developers reputation can be maintained by delivering on projects as they agreed to the community (which voted for the work to do be done and payment to be disbursed). This allows for organizations from around the world to organize and empower one another.
Essentially, people don’t have to trust each other; they can trust in the DAO tools. They can have reputational trust maintained by adherence to community guidelines. The rules and guidelines are chosen by the community rather than a top-down or central authority. Bad actors that break these rules can have their privileges revoked. Best of all, members don’t need to be physically present to participate.
Numerous studies explain the various challenges of coordinating large groups. These include motivation cost (aka “social loafing”), relational loss (you feel less connected), and coordination cost (keeping three people up to speed is a lot cheaper than keeping 3,000 people up to speed).
DAO platforms promise to reduce these costs by enabling the coordination of ever more complex activities among participants. In so doing, they could erode the competitive advantage of a traditional, hierarchical, centralized organization.
DAO platforms promise to reduce these costs by enabling the coordination of ever more complex activities among participants. In so doing, they could erode the competitive advantage of a traditional, hierarchical, centralized organization. – VentureBeat
The result is a new web of open collaboration, in which collectives can self-organize around shared goals and values, not limited by pure economic growth, with less friction, lower costs, and greater agility. As VentureBeat said, “Bitcoin markets are fun to watch, but it’s the new business models — and even societal models — that crypto enables that will be the real disruption. With a team bringing proven track records in blockchain technology and entrepreneurship, we believe the DAOstack technology can be a critical step in the evolution of society as we move toward a more cooperative and sustainable future.
To read more about DAOstack, check out their introduction video (EMBED): https://youtu.be/25wtmzBG1Yg
Flipping Proof-of-Work’s Energy Consumption Narrative
Ask a layperson about their feelings on bitcoin energy usage, and you’re likely to get one of two strongly-held opinions:
On one end, folks who may think of themselves as optimists consider mining energy costs as minimal as America’s Christmas tree light usage.
On the other, self-styled realists insist bitcoin mining is using more energy than the entirety of Ireland, and left to grow rampantly, will be responsible for environmental apocalypse.
However, the energy that powers mining isn’t going to ruin the planet. In fact, more mining could save it.
By incentivizing the mass usage of cheap, clean power, mining can stimulate the growth of a more sustainable and efficient energy-production infrastructure.
Satoshi Nakomoto’s first gift to society was disintermediating centralized banks and financial institutions.
Their second gift is incentivizing clean, sustainable energy production — which will help our planet stick around for a little bit longer.
An Upswing In Sustainability
Bitcoin mining, like all other economic activities, is subject to fundamental economic laws of supply and demand. As the price of energy goes down, the cost of production of bitcoin through mining increases, increasing supply. As interest in cryptocurrencies rises, entrants both old and new placing new demand in bitcoin increases its price. It stands to reason a decrease in production costs will correlate directly to increased usage.
Consider Moore’s law, named after Gordon Moore, co-founder of Fairchild Semiconductor and Intel, which predicted innovations in computing that ultimately spurred the consumer electronics revolution as far back as 1965. Since then, the number of transistors in a dense integrated circuit continues to double approximately every two years. The increased speed of these digital electronics resulted in technological and social change, productivity, and economic growth.
In addition, Swanson’s law observes that the price of solar photovoltaic modules — AKA solar panels — tends to drop by 20 percent when demand doubles. At present rates, costs halve about every 10 years.
And now, according to a new report from Bloomberg, “the cost of installing solar panels at big solar farms and on rooftops will drop 60% to an estimated average of around four cents per kilowatt hour by 2040.”
As a result, it’s predicted that 15% of the world’s electricity will come from solar panels by that same year.
A Bounty on Clean Energy
Overall, wind and solar are now the cheapest forms of energy on the planet. Geothermal and hydroelectric are also becoming more popular — with the added bonus that users don’t need to deal with storage issues.
So how do these changes in our energy sector connect to cryptocurrency? Through mining: green energy is simply more cost effective. Cost effective equals lower energy production costs. And lower costs means more money.
For miners, that’s a big deal.
“A virtuous cycle is beginning. The more electricity that is needed at scale, the clearer it is — that green is the best economic alternative. As such, the more likely it is that incremental energy production infrastructure that will be built going forward MUST be green to be competitive, and that these new sources of electricity will provide cheaper energy for all consumers across all uses.”
In fact, this shift is already happening.
According to Bitcoin Magazine, one miner moved their entire GPU farm across the U.S. because the hydroelectric power in the Pacific Northwest was cheaper. On the other side of the world, miners take advantage of the plentiful geothermal and hydraulic power of Iceland. Sure, these might not be the most exciting places to live — but the savings make up for that.
Mining Moving Forward
One issue with green energy is that it’s harder for storage batteries to hold. Extra energy typically dissipates or isn’t stored properly. Yet with bitcoin, that excess can go towards mining and building a larger energy infrastructure.
The timing is perfect, because the energy grid in the United States is pretty unstable at the moment. Large sections are taken down at once, and the entire system is hackable. Increased mining means that the grid will start to become less centralized — and therefore more stable.
In fact, decentralized energy communities already exist. In some areas, trash from overflowing landfills is being converted into power. That waste energy is supporting the community, and the excess goes into maintaining the worldwide financial ledger.
Essentially, those people are burning garbage to create money. Magic.
Well, what if a town is setting up solar panels? Do they start their own mining facility next door? Believe it or not, there’s an easy starting point. P2P energy production for solar is made possible with companies like Powerledger, which empowers consumers to trade electricity with each other.
The Sun Exchange is another option in Africa, which gives free energy installations for solar panels. Users can channel the excess energy into mining.
As these industries grow closer, more options will pop up — creating ample opportunity for individual entrepreneurs.
The Gift That Keeps On Giving
If the upward swing in green energy usage continues, we predict that coal and fossil fuels will become a thing of the past. Instead, global energy production infrastructure will be built for clean fuels. The reason isn’t just because it’s the right thing to do. In reality, it’s because they’re more cost effective — which is exactly what makes this change sustainable, and creates a compelling incentive to make the sometimes painful switch.
Since money talks, we believe that there will be massive growth in efficient energy production. It’s simply economics.
Want a future where the norm is clean energy?
Hop on the bitcoin bandwagon.
Shout to Timothy Lewis for coining the phrase, “Satoshi’s Second Gift”
DecentraNet’s Tiffany Madison in Forbes: Meet the Woman Advising The World’s Top Blockchain Companies
Forbes sat down with DecentraNet’s Tiffany Madison to discuss her experience as a female cofounder in the blockchain space, where we’re headed, and why it’s more important than ever to have more women and inclusion when dealing with a technology with the potential to massively impact people’s lives — for the better.
“How can we get more women into blockchain?
1) Create new opportunities: As the blockchain industry is transitioning from its newborn phase into infancy, new opportunities are emerging for women. Until recently, most of the positions in this space targeted technologists, a niche underrepresented with women. While we still have work to do, more women are entering STEM and technology-related fields than ever. As the industry continues to grow, positions where women often shine become more in demand, especially operations, marketing, public relations, content development, and media. Further, over the next decade, many industries where women dominate will be disrupted by blockchain, creating a catalyst for their interest.
2) Offer a platform: I also think industry events are a very public way of demonstrating support for inclusion and diversity. Event organizers and leaders can play a very important role by continuing to foster an inclusive culture welcoming to all. At d10e, we specifically sought female moderators to mediate all-male panels. Our emcee, still to this day, is the very talented young woman, Naomi Brockwell, also known as Bitcoin Girl. The result was that more women leaders felt empowered by their roles as early adopters and thought leaders, and more inclined to speak at future events. When DecentraNet hosts events, we promote inclusion by seeking out as many talented and diverse presenters as possible.
3) Focus on cryptocurrency adoption first: In my experience, interest in cryptocurrency almost always leads to interest in the power of blockchain technologies. Estimates currently place that 5 to 7 percent of all cryptocurrency users are women, making the industry a highly male-dominated one.I think this will change in the next 5-10 years. As cryptocurrency investment platforms, including wallets and exchanges, continue to become less cumbersome and more user-friendly, many women that do not consider themselves technical, but financially savvy, are apt to become interested.”
#decentranet #forbes #blockchain #bitcoin #ethereum #crypto #cryptocurrency #women #femalefounder #blockchain4good