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“Meh” Surely We Can Do Better…

February 24, 2024
in Web3
Reading Time: 3 mins read
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TL;DR

Our new favourite crypto use case: arrange renewable power seize websites → set up on-site crypto miners → use income to fund infrastructure tasks.

Full Story

Assist!

We’ve fallen [down a rabbit hole] and might’t stand up!

We simply learn an article on how Paris Saint-Germain (the soccer staff) is about to start out mining crypto → use the income to purchase up its personal crypto token (serving to stabilize its worth) → then give the token out to followers.

And all of it felt so…meh.

Mining crypto to fund a fan loyalty program? That’s cool and all — however what does it do within the grand scheme of issues?

(Isn’t cryptocurrency presupposed to be a ‘world altering know-how’?)

So we tweaked the query to “what if crypto mining was used to fund native infrastructure tasks?”

Which appears like a bizarre rabbit gap to leap from – however hear us out!

Let’s say your nation has large geothermal reserves…

However constructing out the bodily infrastructure required to take all of that captured power, and ship it to each residence within the nation/state/locale goes to price quite a bit.

(Like, quite a bit quite a bit).

So your authorities representatives have by no means significantly thought-about it (at greatest, solely ever seeing it as ‘neat, however method too onerous/costly to implement’).

Including crypto mining to the equation would enable the venture to:

Arrange geothermal mills, with mining rigs on web site.

Convert that power into cash (with out first having to arrange export infrastructure → discover a purchaser → export the power).

Use that cash to fund wider infrastructure tasks.

All with no/low extra authorities deficit spending.

Superior proper??



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Tags: MehSurely
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