Ep29: Power Ledger: Peer to Peer Energy

Consensus Network: Cryptocurrency News & Education

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6y ago 41:14

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We’ve had a lot of high profile folks on the show lately that represent the “bitcoin maximalist” crowd. In other words, they believe that bitcoin is the only worthwhile blockchain and that every other project/token out there is a “shitcoin”.

There is all sorts of terminology for this—the bitcoiner, the multicoiner, the nocoiner, and then there is the full spectrum in between.

What am I? Well, it’s funny because a couple of years ago I would have been one of those people who said, “blockchain not bitcoin”. Why?…Because I didn’t understand bitcoin as well as I do now. “Blockchain not bitcoin” really means “I have no clue what I’m talking about but I will give you my opinion anyway.”

On the other hand, I’ve come to realize that there is, indeed, and overabundance of needless projects and tokens. So, I would call myself more of a bitcoin maximalist in the long term. However, in the next couple years I actually believe people stand to make a lot more money with the right alt coin than with bitcoin itself.

One of my favorite projects is Worldwide Asset Exchange (WAX). WAX is trading at 3.5 cents right now. WAX will get to 35 cents way before bitcoin does its 10X in my opinion. In fact, when bitcoin has its next 10X bull run, I believe WAX will be up closer to 100X. On the other hand, bitcoin is more likely to be around in 10 years than WAX. Anyway, I think you get my point.

The reality is that there are some really good projects out there that are already using blockchain that are making things more efficient. Peer to peer energy is one of the interesting use cases that I have spoken about on a few occasions. So, as we pick our alts to HODL for the next bull run, we will start exploring some useful blockchain use cases and quality projects.

One of the areas in which blockchain appears to be emerging as a very useful technology is peer to peer energy production and consumption. The clear leader in this area is a Project Called Power Ledger who’s cofounder is our guest on Consensus Network this week.

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