^^^^

BTW, it's called a "swap". Energy companies have been doing its for decades at the wholesale level (since the advent of contestability).

Now from my limited research, this is an attempt at localising the swap to the consumer so as to cut out the middleman.

Told you, just ask

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evlPanda said..
If ever there was proof we need red thumbs back again.

All you had to do was ask the question. It's not hard.

Why didn't you just do that, like I suggested.

You got it completely wrong - AGAIN

^^^ Obnoxious

Correct

I've got no tollerance for pig headed stupidity

Gents i started this thread for a bit of banter and opinions of people a few months ago, it has been epic and I have learnt a heap about crypto and 4 months on have a few tokens some which have made money and others not so much.
Please be nice to one another , evil panda has given some epic info and a couple others as well through the ages and I have looked at 99% of all the links and find it all interesting.
I also understand buster fins view that the whole thing is unstable and a big risk, I also agree somewhat. As such my money in there is less than some people spend on lotto over 3 months.
Mr Crypto trader, please remember this is a surfing/watersports forum, some people on here do not like the idea of crypto similar to how no one wants to shove a mudcrab up their hoop with a burning stick, many do not want to part with money for "tokens" and that too is fine.

For all those who are contributing to this thread thank you, I am learning

Create generational wealth, join the cryptocurrency revolution today

https://www.aussiecryptotrader.com/

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busterwa said..
Anyways cant be bothered with it anymore but the post is amusing me Hate for anyone on here to loose money because of the post. you seem to be justifying your investments and reaffirming that there all good on this website. . Shows some insecurity. Well its not my money do what ever you want ! !Nothing can go wrong Your on a train ride to riches.Hope it all works out for yah.

Yeah it was funny, cartoons were great. I wonder when it'll get cleaned up?

I'll be banned for sure.

Mods should have stepped in days ago when I first reported Panda.

Where the fark are they?

The largest "mainstream market" in the financial world are derivatives, which also exploit another concept called leverage.

Investopedia states:

"The derivatives market is, in a word, gigantic, often estimated at more that $1.2 quadrillion. Some market analysts estimate the derivatives market at more than 10 times the size of the total world gross domestic product, or GDP.May 27, 2015"

So a $200B crypto market is a "drop in the ocean" compared to this mainstream BS market.

I will be looking forward to telling my grandchildren the story of how I had to revenge trade my way out of the great ALT recession in order to make 'generational' wealth for the family.

ALT coins up 20% this morning after announcement that planned Bitcoin fork Segwit2x has been cancelled.


Scroll to the bottom the comments are hilarious

medium.com/hackernoon/why-i-just-bought-90-b2x-bitcoin-segwit2x-futures-f94d0ee13eb9

How old are you crypto?

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albers said..
The largest "mainstream market" in the financial world are derivatives, which also exploit another concept called leverage.

Investopedia states:

"The derivatives market is, in a word, gigantic, often estimated at more that $1.2 quadrillion. Some market analysts estimate the derivatives market at more than 10 times the size of the total world gross domestic product, or GDP.May 27, 2015"

So a $200B crypto market is a "drop in the ocean" compared to this mainstream BS market.

Yes, incredible isn't it. Bitcoin didn't exist 8 years ago. Since it's inception it's spawned an entire cryptocurrency marketplace that has grown by $40 billion this year alone.

www.investopedia.com/terms/m/marketcapitalization.asp

These are early days and market is only going one way. Get on it now!

www.aussiecryptotrader.com/

The "con" in the phrase "con artist" is short for confidence

Is Bitcoin actually linked to anything of measurable value yet, or does it continue on it's own merry way, untethered to anything of intrinsic worth with it's only driver being the level of hyperbole contained on various bulletin boards?

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albers said..
^^^^

BTW, it's called a "swap". Energy companies have been doing its for decades at the wholesale level (since the advent of contestability).

Now from my limited research, this is an attempt at localising the swap to the consumer so as to cut out the middleman.

Sure, but can you just "do it" as easily as that? There's no mention of stakeholders such as the energy companies in the white paper that I can see.

So I misunderstood, and PowerLedger is neighbour-to-neighbour only.





...I still don't get it.

Here's everything I could find on the PowerLedger site regarding that step.


See the Consumer and Prosumer entities? See the kWh moving between them?
That's how it works; the kWh just go there.

I'm gonna ask on telegram... back with a response.


To be honest I thought it looked a decent product. At least plausible in the generally rubbish ICO space.
It was cryptotrader's comments that put me off it.

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busterwa said..
How old are you crypto?

Minus eleven.

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Harrow said..
Is Bitcoin actually linked to anything of measurable value yet, or does it continue on it's own merry way, untethered to anything of intrinsic worth with it's only driver being the level of hyperbole contained on various bulletin boards?

Not in an of itself. It's a protocol like TCP or email (smtp/pop).
How much is email worth? : \

Actually you can't really compare it to anything because it is unique. It's like "this" and like "that" but not like both of them together. New paradigm and all that catchy stuff.

Perhaps it's best to look at it like this:
Somebody made an invention that could be used as money. Instead of paper. Instead of an endless collection of interacting ledgers. It has some features that make it a better form of money than paper and endless ledgers. People start to use it and "hey, this works well as a form of money". So well that someone eventually said "I'll actually trade some euro/yen/dollars for that," and they did. And it was given a value of euros/yens/dollars.

money is weird. what is the intrinsic value of money?

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evlPanda said..
money is weird. what is the intrinsic value of money?

...or gold for that matter? It's worth what someone will give you for it. It gets weirder the more you study it

Anyone want to buy some Tulip bulbs ?

^^^pffftt! I have a powerful telescope, lazer and horizon curvature ruler for sale... if an explanation of what these items do is needed, just ask!!

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Pugwash said..
^^^pffftt! I have a powerful telescope, lazer and horizon curvature ruler for sale... if an explanation of what these items do is needed, just ask!!

I hear on the grapevine that petermac33 is on the lookout for these exact items!

D'ya reckon he'd pay me a good price??? Surely the demand for these quality items would have to be as high as this cryptocurrencies stuff...

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evlPanda said..
So I misunderstood, and PowerLedger is neighbour-to-neighbour only.

In my assessment, the more localised the "swap", the more efficient the network operates, and stays in balance and, by default, the better the rewards for those who participate in the "swap".

In effect, this is the optimal example of a "swap", as opposed to wholesalers trading energy "swaps" at the "city gates" to a local network. This scenario is generally when a wholesaler under delivers to a network and trades "swaps" with other wholesalers in the opposite predicament.

It's all cost driven.

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mia90 said..

cryptotrader said..

www.yours.org/content/predicting-the-outcome-of-the-november-bitcoin-fork-89914ce0e1f5/?utm_content=bufferf3dec&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Hi Everyone, my name is Mia,

Crypto Trader sent me here to ask if anyone read the article he posted last week.

You would have been wise to do so because Bitcoin Cash went up more than 20% today.

And in breaking news PowerLedger's new European Partnership announced!

medium.com/power-ledger/lisd-and-power-ledger-working-to-democratize-power-in-europe-1eb721c96977

BCC went up closer to 21% & POWR (Powerledger) went up 18% today.

So I've tripled what I put in so far but as with all Cryptos, it can and does drop just as quickly.

Don't risk more than you can afford to loose.
Like everything in life, there's winners & losers.

Hi mia

Ive been sent here from plannet PSR1257 + 12 B next to the plannet PSR1257 + 12 C behind 51 Pegasi b

I cannot decipher

Ethereum

It's a bit dodgy. If you're a programmer you'd understand. It's ...shaky. It's very exciting and ambitious, I honestly bow down to Vitalik and the ambitious project that is Ethereum. It's is truly mind-blowing. My hat comes off. Seriously. But that's kinda the problem. It's so ambitious. Smart contracts, turning complete? The more ambitious the project the more complicated the code and the more bugs there are.

$150m goes **** - newbie dev playing around:
hackernoon.com/yes-this-kid-really-just-deleted-150-million-dollar-by-messing-around-with-ethereums-smart-2d6bb6750bb9

Yes, it was with parity but it affected Ethereum, because it's all built on Ethereum.

Bitcoin(s'), on the other hand, simple, slow to progress, limited in its ambition, and rock ****ing solid. What you want in any financial product, right?

Bitcoin Cash
This recent fork of Bitcoin is going the larger blocks size. Think, in layman' terms simply putting a bigger engine in. And then a bigger one, and so on ad infinitum. There are some efficiencies proposed (we'll see how long they take) but the general thrust is bigger blocks.

Do the maths: If the average transactions is 255 bytes how big does each 10 minute block have to be to compete with Visa's average 2k/second and peak of 50k/second? Pretty ****ing big.

Bitcoin
Bitcoin's approach is efficiency over size. Think F1. 2MB (perhaps 4) with a few more clever tricks to get more transactions into a single block, and then...

...Lightning. It's possible they'll have Lightning up and running within a year and be truly competing with Visa, MasterCard, and Amex. All at once. Easily. Estimated transactions/second are in the millions. And virtually free (I saw someone point out a scenario where you'd get paid for a transaction).

The next halving is around June 2020. Bitcoin is now up to 60% total crypto market cap. That is: all the other coins, put together, are worth closer to 0 than they are to bitcoin alone. If it still wears the crown by that date it will probably win the entire pot.

Nobody wants to use more than one currency.

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AUS1111 said..

evlPanda said..
money is weird. what is the intrinsic value of money?

...or gold for that matter? It's worth what someone will give you for it. It gets weirder the more you study it

What's the intrinsic value of gold? Jewellery?
What's the intrinsic value of Jewellery? Gold?

...right.

see: intersubjectivity
en.wikipedia.org/wiki/Intersubjectivity

Hi mia. I was just wondering why crypto trader didnt tell you that?