The recent hurricane Irma left over 90 percent of Florida power company “FPL” costumers without power.
You might think that people who have their own solar panels installed would be not affected. You would be wrong.
Turns out local regulations require private customers to shut down their solar panels once the grid powers down. This is necessary, as FPL explains, to protect FPL employees who are working on the grid from “dangerous back feed”.
I am all for protecting peo
JPMorgan CEO Jamie Dimon made some critical comments on Bitcoin and other cryptocurrencies.
He expects Bitcoin to be closed down eventually, since governments don’t like the idea of losing control over currency, or not knowing where it is. The reason that hasn’t happened already is that the sector is still too small for governments to actually bother, in his opinion.
On the other hand, he says that Bitcoin is a better choice as a currency if you live in Venezuela, but then goe
Today I learned that the German Ruhr region needs to find a budget of around 220 million Eur0 a year to deal with the environmental consequences of 150 years of coal mining. Around two thirds of that sum is needed for pumping pit water.
Turns out you can’t just take out the coal and forget about your mines. Instead, you need to pump out pit water for eternity (Ewigkeitsaufgabe). If they stopped doing that, flooding or contamination of ground water would be the result.
Tam Hunt discusses the potential to use solar power for Bitcoin mining in this recent article at Greentechmedia. He thinks that may be a good idea.
I agree. As I said in 2014, Bitcoin mining is a nice fit for a desert solar project, since it needs no power line. The work comes to the site of electricity generation, not the other way round.
Hunt mentions a couple of advantages over other solar projects.
One is the fact that you don’t need to bother finding someone to bu
According to this AP article. And that’s a quote from the Old Testament. Googling “every man is stupid” and “old testament” finds a Bible hub quote, Jeremiah 51-17 as a source, which reads in the “English Standard Version”:
Every man is stupid and without knowledge; every goldsmith is put to shame by his idols, for his images are false, and there is no breath in them.
The pope was talking about climate change denial. And he seems to imply that deniers are “stupid”.
“If you see a turtle on a fence post, it didn’t get there by itself. If you see climate skeptics taking over a major political party only in the United States, that didn’t happen by itself either.”
That’s the message in this video by Al Gore. The fossil fuel industry has paid a lot of money, like the tobacco industry before them, to delay progress.
So, if all that money was spent for Greenpeace and 350.org ads instead, would that have changed the political landscape?
Kim Nilsson at WizSec just posted about their theory of how the 650,000 bitcoins MtGox theft happened. That’s over $1.6 billion at present prices and probably the biggest theft ever.
According to that report, it was just a matter of getting a copy of a “wallet.dat” file in 2011. Since those files were not encrypted at the time, the thief could spend bitcoins from MtGox. Which is exactly what they did.
Now comes the weird part. The theft has been going on for years. And MtGox a
The SEC just published a report concluding that the DAO (Decentralized Autonomous Organization) set up on the Ethereum blockchain in 2015 qualified as “securities” under American law. Since neither the DAO itself or anyone else bothered with registering this security with the SEC, collecting over $150 million at the time was illegal. And having these tokens on exchanges without registering the exchange was illegal as well.
While the report concludes that this token sale was illegal, i
“Antonopoulos Wrong” is a “man bites dog” headline, since it happens almost never.
But in this recent Q&A video he completely dismisses any effect of regulatory bodies that try to protect consumers from scams.
His reasoning is something like this. Falling for a scam is like getting addicted to gambling. You can’t do anything about that with regulation because it’s just human nature to get scammed.
Let’s discuss this a bit.
For one, all states have laws
Corinna Klessmann and Silvana Tiedemann are even calling it a success.
These authors are employed as specialists in the field by the Ecofys consultancy firm, and have advised the German government on these issues. So I assume they know what they are talking about.
In contrast, the last time I wrote about the auction model (last December) under the title “Auction Model Failure” I called it a “complete disaster”.
That was in reaction to reports by Hans-Josef Fell wh