A Correlation The Power Of Hive's Decentralization
We get wrapped up in decentralization. Cryptocurrency is not the only field this is happening in.
In this video I discuss how we are seeing Tesla taking a similar approach to energy. We go through some of the VPP idea and how is can relate to what we see each day on Hive.
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BEERKING.I guess the feeling that things like Wikipedia being kicked out by Amazon are hard that's why many are not seeing the use case of having sure a place like hive, it doesn't take long for them to realize that they are not unstoppable and will have to see new things take over, this will make many of the old ones come to know there are relying on small things that can change anytime they awant.
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Wikipedia is decentralized in its nature by default. A public knowledge storage, accessible and editable literally by everyone/anyone. If anything, then this should be truly and really decentralized. So even more than the Hive blockchain itself. Probably the Wikipedia should have (and stored on) its own blockchain.
You cannot say a centralized database is decentralized.
When it is stored on AWS and the wikipedia foundation is paying the bill, that isnt decentralized.
And it is misleading to say anyone can go in an edit. That is not true either.
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I did not wrote that. I wrote that it should be. I wrote only that it is decentralized in its nature.
Well. I could edit any article anytime from any of my devices without even registering and logging in. I have not edited any Wikipedia article so far. I have not tried it so far. But the option is there with the "Publish changes" button. For example the website writes that "Dr. No (novel)" is today's featured article.
You are editing it, and if you press Publish changes, your changes may be publicly viewable immediately. Constructive changes are welcome, but please do not attempt to damage the article".
I have not actually edited it, but I could. And I also see the edit history of any Wikipedia article, including the platform and the application, which was used for the editing, and the IP address or the username of the editor. Sometimes there is a guide robot fixing typos, so the edits are not always from people.
but I don't this editing part will be good as the blockchain can't be edited after the block is validated.
Posts/comments are editable on the Hive blockchain. The edits appear in seperate blocks, and everything is kept on the blockchain. So technically probably it would be possible.
oh thanks
Imagine if Wikipedia suddenly disappeared because it couldnt pay its AWS bill?
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I think that can happen but it will be hard since there are many sources they can their money from at least that's what I think but imagining that could be something well I think it's a goodbye or switch time for Wikipedia if that happens, and I don't think many are looking the power of tokenization.
Having an elastic amount of capacity that a grid can save is extremely important even without arbitrage. Wind and Sun are known to be unreliable looking at a single day, but very reliable over the period of a week, even better over two and so on.
Great points!
People spend a lot of money on energy every month and even here in Nigeria energy cost.
Tesla is changing so many things in energy infrastructure and digital infrasture is also changing and that's where decentralized blockchain comes in like hive. So many power in decentralization
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Tesla is starting to approach things on a massive scale. We will see how quickly they ramp things up but I have a feeling it is going to take a lot of people by surprise.
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I agree that decentralization is better because it's unlikely for everything to get knocked off at once. Even google or aws have issues occasionally when things go bad despite their backups.
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Summary:
The video discusses the concept of decentralization, focusing on Tesla's virtual power plants as an example. The idea behind virtual power plants involves using batteries in homes to store excess energy, which can then be sold back to the grid at peak hours. This process can be further optimized through software and technology, allowing homeowners to potentially make money by arbitraging energy. The discussion highlights how this innovation can disrupt the traditional energy market and emphasizes the potential of decentralization in various sectors, not limited to cryptocurrency.
Detailed Analysis:
The video begins with a discussion on the age of abundance and decentralization, comparing it to Tesla's virtual power plants initiative in California. This project involves using wall-mounted batteries called Powerwalls in homes to store and sell energy back to the grid. The speaker explains the concept of peak hours in the energy market and how virtual power plants can offset the need for traditional peaker plants, ultimately decentralizing energy production.
The speaker delves into the potential of selling excess energy back to the grid, utilizing software to optimize energy arbitrage. He explains how individuals without solar panels can benefit by charging batteries during off-peak hours and selling energy during peak times. This setup could lead to households generating income through energy arbitrage, showcasing the disruptive nature of decentralized energy infrastructure.
The discussion then expands to highlight the broader implications of decentralization in various industries, including blockchain, cryptocurrency, decentralized finance (DeFi), and digital databases. The speaker emphasizes the massive market opportunities presented by decentralization, potentially reaching trillions of dollars and enabling individuals to participate in revenue-generating activities beyond traditional investments.
The video draws parallels between decentralized energy projects like Tesla's virtual power plants and decentralized digital infrastructure such as blockchain nodes. The speaker underscores the resilience and reliability of decentralized systems compared to centralized entities, citing examples like Wikipedia's reliance on hosting services versus decentralized platforms like Leo Glossary on blockchain.
In conclusion, the speaker reiterates the transformative power of decentralization across different sectors, emphasizing the need to challenge centralized entities for a healthier ecosystem. The video serves as a call to action for individuals to explore and engage with decentralized technologies and projects for long-term benefits.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.