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European Power Prices Go Below Zero Again as Solar Output Surges
(www.bloomberg.com)
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this post was submitted on 06 Jul 2023
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The pessimist in me is expecting someone to come in here to tell us why this isn't as good as it seems, but this seems good. Them stating it will only get more common seems great!
It's really good. So called "dynamic contracts" with hourly pricing known only a day in advance are on the rise. Lots of people whithout access to solar can still benefit strongly this way by timing useage of things like washer/dryers etc. Lots of these devices are also becoming "smart" now to automatically pick a good pricing window.
Funny, how even this, which was an often cited use case for smart contracts of more sophisticated blockchain token like Ether, is totally not dependent on any blockchain.
I have yet to see anything legal which actually benefits from a blockchain (and isn't about the blockchain stuff itself, like trading crypto currencies).
You won't. Quote me on it.
I've been working with a company that uses a very common blockchain to timestamp documents/artwork/data etc.
It's a niche use case but it simply couldn't be done before the existance of blockchains.
Could you elaborate why a blockchain is beneficial here? The use case "timestamp documents/artwork/data" does not call for a blockchain to me.
Previously this timestamping was accredited by notaries. This had the problems of cost and the trust in a notary did not translate well internationally.
Now it is almost free to do and the cost of manipulating a blockchain (if possible at all) far outweighs the potential gain from malice.