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Re: Blur thinking about the future of money and payments, kilowat-hour as new money and how it can affect ILP Routing.

From: Daniel Bateman <7daniel77@gmail.com>
Date: Thu, 29 Jun 2017 08:24:14 -0700
Message-ID: <CAB1OcyFfTZ0U-zR_nX2_M46S4q8ioNEenZ4kKkoFfWPQiQb5Pg@mail.gmail.com>
To: Enrique Arizon Benito <enrique.arizon.benito@everis.com>
Cc: Interledger Community Group <public-interledger@w3.org>
What is the benefit of using kWh (kilowatt-hour) as a bridge currency
instead of, for example, XRP?


On Jun 29, 2017 8:05 AM, "Enrique Arizon Benito" <
enrique.arizon.benito@everis.com> wrote:

> One of the reasons money do exists is that exchange of goods many times
> was slow (just one of the reasons).
> I think that due to the natural evolution of technology, we are becomming
> more and more dependent of electricity and its power supply, that is
> nothing more than another good merchants can "play with". Transport,
> industry, software, internet, services, blockchains, IA, robots, ... *all
> of them require more and more electricity and less and less of "anything
> else"*.
> In less than a century the skills humans have developed to profit from
> electricity is changing everything.
> The courious thing about this, is that *electricity can be faster to move
> than money*, so it could be the case that in a future electricity can
> compete side-by-side with "money". It has also some of the goods of
> blockchain. It's difficult to tamper it. Nobody can fake a 1Gigawatt power
> supply, since as in the block-chain case, you need a too much energy to
> cheat the others.
> Energy also as some other "goodies". It's price is very stable respect to
> its local fiat-money in dolars and euros, since it's production indirectly
> depends on many other variables and even state-funded infraestructures.
> I'm thinking that anyone could be more interested in a future in buying
> electricity "assets" than fiat-currencies, crypto-currencies, gold, coal,
> crude-oil or anything else, because is *electricity is becoming a warrant*,
> event from a very basic survival point of view (
> http://fareastgizmos.com/led/new-led-farm-capable-harvesting-1-5-times-
> vegetable-unveiled-injapan.php ).
> It could be the case than more and more companies accept "electricity
> assets" (or any other siminal finalcial "stuff") as a valid payment
> methods. The kilowat-hour can become a more real thing than a dolar paper.
> Also people can be more and more interested in producing its own
> electricity that will even make the price more stable and, contrary to the
> blockchain, that electricity will not be wasted in "just mining" but used
> for non-financial purposes (and people outside the speculative market of
> financial crypto-currencies will really appreciate).
> What this all has to do with Interledger?
> I think that if the future move in this way, peers who want to send a
> transfer, let's say, in dolars from US to Pesos in Mexico, can be more and
> more biased to use electricity as stable exchange. This could affect the
> algorithms used for routing. For example, to search for a route it will be
> sensible to search for a route like:
>   dolar <-> kilowat-hour in US <-> kilowat-hour in Mexico <-> Mexican Peso
> since it's to be expected that kilowat-hour in different countries will
> converge.
> In this way *routing will be lead by the assets in the midst*, with
> electricity as flagship and connectors trying to find the faster/sorter
> path to a kilowat-hour highway, then fallback to anything else.
> Regards,
> Enrique
> ------------------------------
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Received on Thursday, 29 June 2017 15:24:49 UTC

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