Post
Topic
Board Economics
Re: The role of Crypto in eliminating fossil fuels dependence
by
avikz
on 03/09/2018, 09:01:02 UTC
I don't mean wind turbines, they are too costly to play a major factor.
I also don't mean chemical solar panels, for the same reason: amortization costs.

The reason for high costs is due to the less production and demand. Also to a certain point, government policies. One can't install a wind turbine or solar panel anywhere they want. It needs special permits and land to install them. But once the production of such technologies increase, the cost will come down automatically! As of now, these two are the best resources for the alternative energy!

Quote
It seems that today's Central Banking is pinned on the idea of centralized control of resources.
Once there is decentralized energy source anywhere, this place can begin to print it's own money backed
by this additional energy, unaccounted so far.
And the only way to finance such developments seems to me is through altcoins.
Please share your thoughts.

Again government will interfere with that. Lets assume, today you have few hectors of land and suddenly you discover petroleum from that land. Government will come and buy that land from you to extract that resource. In majority of the countries, individuals can't own such a piece of land where natural resources are found. They will have to sell it off to the respective government as per the market price! So how do you think decentralized resource centers will exist??