Bitcoin currency of the future?

[Der Eisbär]

Obviously. I had an idea for a project a few years ago that didn't really go anywhere, mainly because I had other projects and didn't have the time or inclination to investigate further at that time. This could be a possible solution for one of the problems I'd already identified.

I believe POWER LEDGER just got a contract to roll their system out in Thailand. So right now they're in the process of delivering proof of concept.

Thai-Government backed renewable energy developer BCPG and Power Ledger, have today announced an agreement to bring peer-to-peer renewable energy trading to Thailand.

In a South East Asia first, we’ll collaborate on the formation of a microgrid development in Bangkok which will see between 6–10 multi-storey apartment buildings trading between 1–2MW of embedded solar generation.

Using the Power Ledger energy-trading platform, building managers will be able to trade renewable energy from solar panels installed on each building with autonomous financial settlement enabled via the use of a secure banking interface.

POWR used to be in portfolio but I liquidated it to go into some riskier low caps for bigger returns. Once those investments work out POWR is definitely going into my long term portfolio.

 

[SwamiLeoni]

The gift that keeps on giving.

 

[206crazy]

What do you guys think of REQ?

 

[SwamiLeoni]

What do you guys think of REQ?

Made a grip off of REQ. It’s a very ambitious project with a small team. That’s what scares me. But at .29 cents it’s worth throwing a little at.

 

[Nik123]

Power Ledger are about to announce a pretty major North American partnership - they've dropped several hints. They are already regularly featured in mainstream news in Australia, if they can get leverage in the States POWR will blow up in 2018.

Don't tell me I don't bring you the juiciest cryptos now..

 

[Nik123]

Markets looking up boyos. I think we found the bottom at around 300b market cap. Bounced off it and now we're climbing. Who's got predictions for total market cap by June?

You just never know.

But if I was a betting man...I'd say 1 trillion reached by June, with a bottom of 800b repeatedly tested before we safely clear the 1 trill mark by July/August.

 

[Der Eisbär]

You just never know.

But if I was a betting man...I'd say 1 trillion reached by June, with a bottom of 800b repeatedly tested before we safely clear the 1 trill mark by July/August.

I'm right there with you. I think that's probably right

 

[SwamiLeoni]

Power Ledger are about to announce a pretty major North American partnership - they've dropped several hints. They are already regularly featured in mainstream news in Australia, if they can get leverage in the States POWR will blow up in 2018.

Don't tell me I don't bring you the juiciest cryptos now..

It looks like it's 24hr volume is moving fairly well. So this coin allows people to sell their excess solar energy to those who don't have it using the blockchain?

 

[Nik123]

It looks like it's 24hr volume is moving fairly well. So this coin allows people to sell their excess solar energy to those who don't have it using the blockchain?

Bingo. Their initial scope is solar, longer term goals are to enable trading of all renewable energy types via distributed ledger technology.

They’ve got Jemma Green at the helm, look her up - she’s a superstar.

 

[SwamiLeoni]

Bingo. Their initial scope is solar, longer term goals are to enable trading of all renewable energy types via distributed ledger technology.

They’ve got Jemma Green at the helm, look her up - she’s a superstar.

So how do they buy electricity from solar person A and purchase electricity from the electric company? How will POWR align with the existing infrastructure of these massive power companies? Are they basically buying credits that will reduce their monthly electricity bill automatically? Seems like a Utility token. I haven’t looked into much, but I’ll do some digging this week.

 

[Nik123]

So how do they buy electricity from solar person A and purchase electricity from the electric company? How will POWR align with the existing infrastructure of these massive power companies? Are they basically buying credits that will reduce their monthly electricity bill automatically? Seems like a Utility token. I haven’t looked into much, but I’ll do some digging this week.

It is a utility token, not a security etc. Their initial working proof of concept allowed people with solar meters to automatically sell their excess energy, while circumventing the charges the big power companies levy. They’ve got a detailed breakdown in their white paper so worth reading that before anything else.

They already have a working company (so it’s not just a white paper), and given the success of their pilot in Australia they are now poised for global expansion.

Well worth a look mate (as I have been banging on about since I started posting about crypto here..)

 

[SwamiLeoni]

It is a utility token, not a security etc. Their initial working proof of concept allowed people with solar meters to automatically sell their excess energy, while circumventing the charges the big power companies levy. They’ve got a detailed breakdown in their white paper so worth reading that before anything else.

They already have a working company (so it’s not just a white paper), and given the success of their pilot in Australia they are now poised for global expansion.

Well worth a look mate (as I have been banging on about since I started posting about crypto here..)

I’ll look into it, thanks. Seems like a really interesting project, but you would really need a lot of people on board it seems like. Is this an ERC20 token? Are they using a separate coin and blockchain for the purchasing of the electricity? If POWR gets to $50 or $100+ a coin, how does that factor into purchasing electricity if people are buying/selling using POWR? What’s to keep the prices inline in different areas who’s electricity prices are lower/higher? Can you sell/buy from anyone located anywhere or does it have to be in the same area your electricity company operates?

 

[amplus]

I’ll look into it, thanks. Seems like a really interesting project, but you would really need a lot of people on board it seems like. Is this an ERC20 token? Are they using a separate coin and blockchain for the purchasing of the electricity? If POWR gets to $50 or $100+ a coin, how does that factor into purchasing electricity if people are buying/selling using POWR? What’s to keep the prices inline in different areas who’s electricity prices are lower/higher? Can you sell/buy from anyone located anywhere or does it have to be in the same area your electricity company operates?

No fucking way does POWR get to $50 plus. With its current market cap id expect conservatively around $7 end of year....I own a fair amount of POWR but not feeling the love for it like others do think better projects will come along doing this same thing although don't think Wepower will be the one. I'm a long term holder but of my portfolio as soon as POWR gets to $2 I'm trading it for something with more potential and a smaller market cap.

 

[SwamiLeoni]

No fucking way does POWR get to $50 plus. With its current market cap id expect conservatively around $7 end of year....I own a fair amount of POWR but not feeling the love for it like others do think better projects will come along doing this same thing although don't think Wepower will be the one. I'm a long term holder but of my portfolio as soon as POWR gets to $2 I'm trading it for something with more potential and a smaller market cap.

Oh shnap, yea, you’re right. I didn’t look at total supply and mistook @Nik123 that there’s only 350M without looking deeper into it. Good call. Still though, I’d like to understand better how this thing works.

 

[benebox]

PowerLedger ICO was one of if not my best cypto investment to date. When I saw Richard Branson hyping it I was sold, so with my earnings I'll be buying a flight to space to thank him personally.

 

[Nik123]

I’ll look into it, thanks. Seems like a really interesting project, but you would really need a lot of people on board it seems like. Is this an ERC20 token? Are they using a separate coin and blockchain for the purchasing of the electricity? If POWR gets to $50 or $100+ a coin, how does that factor into purchasing electricity if people are buying/selling using POWR? What’s to keep the prices inline in different areas who’s electricity prices are lower/higher? Can you sell/buy from anyone located anywhere or does it have to be in the same area your electricity company operates?

I don’t actually work for them but will take a stab at a couple of your questions (but seriously, just read the white paper).

It’s ERC20 at the moment, but as with a lot of these projects once they scale, I wouldn’t be surprised if they eventually launched their own chain or switched to the optimal scaling option down the road.

Yes, POWR likely won’t get to $50 anytime this year given token supply but as all tokens are divisible the price does not affect the utility (they are also traded for SPARKS, which are the actual energy units).

The multiples to be made are not as high as riskier smaller cap coins, but it’s as solid a project as you get in this space - and if it really takes off the market cap still has plenty of room for growth (250b is almost mid cap range these days).

As an aside. POWR is one of top 3 coins for price action right this minute.

 

[CerebralKnievel]

Made a grip off of REQ. It’s a very ambitious project with a small team. That’s what scares me. But at .29 cents it’s worth throwing a little at.

If Bitcoin rises back to, say, 11k, I believe the piggyback alone will bring Req back to .75 cents or a dollar, so definitely worthwhile merely based on the coin's track record thus far.

 

[CerebralKnievel]

It is a utility token, not a security etc. Their initial working proof of concept allowed people with solar meters to automatically sell their excess energy, while circumventing the charges the big power companies levy. They’ve got a detailed breakdown in their white paper so worth reading that before anything else.

They already have a working company (so it’s not just a white paper), and given the success of their pilot in Australia they are now poised for global expansion.

Well worth a look mate (as I have been banging on about since I started posting about crypto here..)

I took your advice and bought back in.... December? Buying more once I get home, as I don't ever remember my binance password.

 

[CerebralKnievel]

Anyone else on Binance at the moment and experiencing issues? I can't buy anything (with BTC). Any quantity I enter, a small popup window pops up with a red X "no" icon in it - no message other than that.

Edit: nevermind, you useless clods. Apparently they're claiming to be under maintenance. Server issues, I suppose.

 

[Drenalin]

I think bitcoin is taking off (virtual currency) worth over $400 and serves as a hedge against inflation and fiat currency. I got some for $100 and made a lot. The USA now recognizes it as a valid commodity. I can buy a coffee at a store with my bitcoin.

What do you think? Here look at the myths of Bitcoin, I don't trust currency that can be artificially printed:

https://en.bitcoin.it/wiki/Myths

I think you may have pissed away your whole life savings? Amirite?