I would use if I'm given tokens - @tifaong
That is the main idea!
If you are producing solar electricity, I should reward you!
If you are consuming solar electricity, I should also reward you!
and if solar panels are easily accessible on supermarkets
That is the vision. But this needs to happen first.
Hmmm incentives from governments and big companies. It's true that ROI is one of the bottleneck. But does investing in Solar energy gives slow ROI?
If you are paying RM 200 a month using conventional electricity, the cost of rooftop solar (including materials & labour) that shall generate an equivalent amount of electricity would be about RM 50,000.
So in a way, it's like paying for 250 monthly bills in advance to switch your source of electricity to the sun.
The RM250 monthly bills in advance is for 16 - 17 years... That's a looonnngggg way.. Did I get the calculation correct? 50,000 / 204 (17 years) = RM245
That is about right.
That is why I believe the reason for slow adoption is because there is no strong incentive.
Case in point, Malaysia had a very strong incentive program between 2012 - 2016. In this program, you can sell solar electricity at up to 5X the rate you pay (which is a huge profit!). In 2013, people in-the-know caught on and any new applications available were grabbed within seconds. Adoption was rampant but only as much as the number of applications under this program. The program unfortunately no longer accepts new applications since 2016.
I am sad when they made that announcement. But, that program did leave me a clue.
Hence, I want to create an open public blockchain that incentivizes both production and consumption of solar electricity. I have set a date when my whitepaper must be out.
Meanwhile, I'm doing free talks to raise awareness and interest and I'm actively looking for new audiences and places to speak so that I can fill my calendar and speak once a week for the next 2 years.
Using blockchain technology to incentivize production and consumption of solar electricity? Wow, I can't even imagine how that could happen! It's gonna be something real big and change the entire game!
I'll be waiting for 30th May @buzz.lightyear!
If my company talks about renewable energy or I know any friends looking for speakers about solar energy, I know who to look for now :)
The Pioneer Round. Please come join as a Pioneer.@tifaong One year later, I am making incremental progress to develop this cryptocurrency for renewable energy producers and supporters. We have now entered Phase 1 of the project -
Everybody can earn this cryptocurrency simply by introducing us to people you know who are rooftop solar homeowners.
Also, yes I would love to speak if you can arrange a platform for me. Topic title: How to achieve 100% Renewable Energy for Malaysia by the Year 2068.