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3 Ways Crypto Is Disrupting The Energy Markets


Some time ago, in a conversation with Wes Jackson in which we were laboring to define the causes of the modern ruination of farmland, we finally got around to the money economy. I said that an economy based on energy would be more benign because it would be more comprehensive.

Wes would not agree. ‘An energy economy still wouldn’t be comprehensive enough.’

‘Well,’ I said, ‘then what kind of economy would be comprehensive enough?’

He hesitated a moment, and then, grinning, said ‘the Kingdom of God.’

Wendell Berry, “Two Economies”
Home Economics

The general public took note of crypto late in the fourth quarter of last year when Bitcoin lept from under $5,000 a token toward $20,000 before falling back under $10,000 in 2018, where it remains as of this post. Early this year, Ethereum climbed over $1,000 a token before dropping back under $400, where it started its run last fall. Ripple rocketed to $3 shortly after the new year, before falling back to $0.50 a token.

To further dampen the crypto markets, the SEC’s Cyber Unit has taken enforcement actions against issuers of crypto assets by halting Initial Coin Offerings (ICOs) or freezing the proceeds raised. Subpoenas for information from crypto exchanges and other industry participants appear to be leading toward a broad crackdown on token issuers who do not either register crypto assets as securities or issue under a valid exemption from registration.

It might seem from these data points that crypto was the world’s briefest bubble, a cycle spanning only a few months of hype, hysteria and despair. Look closer, and you’ll see the seeds of a global transformation that will touch every industry, market and participant, with energy at the epicenter of disruption.

Storing Energy On The Blockchain As Value

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Some time ago, in a conversation with Wes Jackson in which we were laboring to define the causes of the modern ruination of farmland, we finally got around to the money economy. I said that an economy based on energy would be more benign because it would be more comprehensive.

Wes would not agree. ‘An energy economy still wouldn’t be comprehensive enough.’

‘Well,’ I said, ‘then what kind of economy would be comprehensive enough?’

He hesitated a moment, and then, grinning, said ‘the Kingdom of God.’

Wendell Berry, “Two Economies”
Home Economics

The general public took note of crypto late in the fourth quarter of last year when Bitcoin lept from under $5,000 a token toward $20,000 before falling back under $10,000 in 2018, where it remains as of this post. Early this year, Ethereum climbed over $1,000 a token before dropping back under $400, where it started its run last fall. Ripple rocketed to $3 shortly after the new year, before falling back to $0.50 a token.

To further dampen the crypto markets, the SEC’s Cyber Unit has taken enforcement actions against issuers of crypto assets by halting Initial Coin Offerings (ICOs) or freezing the proceeds raised. Subpoenas for information from crypto exchanges and other industry participants appear to be leading toward a broad crackdown on token issuers who do not either register crypto assets as securities or issue under a valid exemption from registration.

It might seem from these data points that crypto was the world’s briefest bubble, a cycle spanning only a few months of hype, hysteria and despair. Look closer, and you’ll see the seeds of a global transformation that will touch every industry, market and participant, with energy at the epicenter of disruption.

Storing Energy On The Blockchain As Value

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