This latest episode of “Bitcoin is DEAD” reminds me of an article I read about twenty years ago. I am sorry to say that I don’t recall the author or where it was published, but the main idea was that the Internet was a complete failure, because it added so much users that it was impossible to deal with the resulting network congestion.
As it turned out, the Internet has not failed. It is still alive and kicking.
And the Bitcoin problem with scaling is basically the same that a
Bloomberg New Energy Finance just reported on the level of investment in 2015. And there is great news for Germany.
The 2014 reform of the Act on Renewable Energy (formerly the Act on Priority for Renewable Energy) has reduced investment in Germany to a measly $10.6 billion, down 42% from 2014.
That’s fantastic news, if your agenda is to delay the transition from fossil fuel. It is less so if you want to actually reduce CO2 emissions.
And this doesn’t make sense even i
In following up yesterday’s review of the “All-Electric America” book, I asked co-author Leah Y. Parks what the business model for having utilities own car batteries is.
She kindly answered that question and pointed to a press release by a company called Green Mountain Power.
That press release introduces an offer to customers of getting a Tesla Power Wall home battery installed in cooperation with Green Mountain. Customers can choose between different models of buying or leas
All-Electric America was written by S. David Freeman, who was born in 1926 and has a long career as CEO of various energy companies. The second author is Leah Y. Parks, a journalist covering the electricity sector.
The Kindle edition of this book (which I read) was published in October 2015.
This is an excellent book. I strongly recommend reading it.
The authors make the case for a 100 percent renewable energy system. Actually, the title is slightly misleading. They ar
That’s the title of a book on the strategy for effectively learning law (in Japanese) I am releasing as a PDF file with this post.
The Japanese title would be 法学学習戦略。
Here is a link to the free PDF file:
A printed version is available for $7 at this Createspace page.
It sells for the same price at this Amazon page.
As discussed in this article by Ambrose Evans-Pritchard in the Telegraph, the “OPEC Oil Outlook” recently published assumes that neither global warming regulation nor electric vehicles will influence oil demand much until 2040.
They recommend that firing coal for generating electricity should be reduced to deal with global warming.
In other words, they do agree with the need to leave fossil fuel in the ground, as long as oil is not concerned.
They also think that elect
I just noted what you get if you take the three letters spelled in capital above.
Of course that may be just a slightly weird coincidence worth noting only for its entertainment value.
On the other hand, it may be an explanation why nobody is able to find SAtoshi.
I noticed this while reading a recent report by the RAND National Defense Research Institute, titled “National Security Implications of Virtual Currencies“.
That report discusses the potential of terr
Business Insider has interviewed Jim Chanos, who has made a name for himself in investing as a specialist for shorting companies.
Chanos thinks people should short oil companies. Here is his reason as stated in that interview:
I think if you were to look out five or 10 years, if I was a member of OPEC I would be pumping as much as I could today while it’s worth something because it might not be worth a whole lot by 2030.
The interview goes on to state the reason why he
Phaseout Profit Theory works for all flavors of fossil fuel. But oil should come first actually implementing it.
There are several reasons for that.
For one, oil will run out substantially faster than coal, since there is much more coal left than oil.
Also, people have already tried to set up caps on oil supply with OPEC and the Texas Railroad Commission.
And cheap oil is more damaging than cheap coal to the environment. Cars don’t run on coal. Cheap gasoline d