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https://blog.slock.it/blockchain-energy-p2p-sharing-project-...
On the site for RWE's charging points, there's no mention of this.[1] The way RWE actually works is like cell phone plans. Users have to sign up for a 1-year contract. This gets you an ID token which the charging stations recognize when you plug into the charger. Then there's an EUR 0.30/Kwh charge, which is billed periodically. That's the usual way the system is used. The Share and Charge system [3] doesn't use Ethe…
There's a lot more information coming up because it's my understanding Carsten only intended his tweet a bit as a 'teaser'. I had written this piece back in September when we entered live beta: https://blog.slock.it/blockchain-energy-p2p-sharing-project-... might give a bit more context.
Thumbs up for the charging stations. But How does the customer benefit from the blockchain payment again?
What is Ethereum? Something like Bitcoin?
It is also a valuable cryptocurrency which is used as the payment to run code on the network.
how big really is this project? sounds more like something thought up to an advertising agency. bmw had tons of billboards advertising the i3 as a digital wallet in futuristic concept drawings. but again, all the work of advertising agencies.
It's early days, the tech is young, and we're nowhere near 'mainstream' yet but I'm excited we're finally able to release real-life 'dapps' to the general public so people can experience blockchain for themselves.
Earlier quoted context omitted.
1. They only accept euros. So you get to multiply the euro risk times the ethereum risk times their oracle keeping your balance on ethereum risk. 2. Ethereum has already human intervention rolled back millions of dollars of transactions in "the dao" and they chosen winning and losing implementations whenever there's a network split due to their dual codebases trying to be bug for bug perfect in consensus. 3. You can'…
> 3. You can't increase security or reduce risk, by layer abstractions on top of other things, in this case, the euro. That is pretty demonstrably false. A lock is a layer of abstraction on top of metal. That can increase security and reduce risk. More directly to your point, a set of investments that are, on their own, extremely risky can be set off against one another (i.e. hedged) in such a way as to make the whol…
Understanding that adding variables in serial in order to fuel your car reduces the chance you can successfully fuel your car is easy. Understanding that when the internet goes down, you won't get gas is easy to understand.
Hedges aren't what they're cracked up to be. 1. What happens when your hedge counterpart fails? (check out credit default swaps, or trades that can't execute, or limit down markets, etc etc, bad oracles (credit rating agencies..)) All hedges require a counterparty. Counterparties fail. Even when they don't fail, they become corrupted by bad oracles.
You can't create reliability by wiring variables in series. You can create "security" at the cost of reliablity. How much cash has been lost in "smart" contracts, vs stupid safes per capita.
On the site for RWE's charging points, there's no mention of this.[1] The way RWE actually works is like cell phone plans. Users have to sign up for a 1-year contract. This gets you an ID token which the charging stations recognize when you plug into the charger. Then there's an EUR 0.30/Kwh charge, which is billed periodically. That's the usual way the system is used. The Share and Charge system [3] doesn't use Ethe…
Actually, the Euro Token is a virtual FIAT implemented on Ethereum. I can't reveal much more information on it until the project formally goes live (which is imminent), but I can't tell you it thankfully goes a lot further than what you noted. There's a lot more information coming up because it's my understanding Carsten only intended his tweet a bit as a 'teaser'. I had written this piece back in September when we e…
Earlier quoted context omitted.
the plan for ethereum is to switch to proof-of-stake, but that has definitely not been figured out yet. I could also see a more private blockchain supporting stuff like this. Maybe it's not open to anonymous participants, but is still more distributed than a single company.
I find movement to PoS perhaps the most important milestone toward large scale adoption of Ethereum or any cryptocurrency-related technology. PoW just isn't feasible for large scale deployment: way too much energy is wasted for consensus.
What is Ethereum? Something like Bitcoin?
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. It is also a valuable cryptocurrency which is used as the payment to run code on the network.