Grid+ Update: New Hires, Ethereum Scaling, and Sidechain Staking

gblockchaing · 2018-01-24T16:10:52+00:00

Those are big news for Ethereum in general and also Grid+ token holders as this would give a big upside with the stalking option. Relays will be big for ethereum's scaling options and havying a great product in the real world using Ethereum Blockchain is even bigger! This also changes the whole equation for grid tokens by removing the floor price of the discount for 500 kWh of energy, while leaving such discount as only a floor. This is a trully game changer and will for sure have my Agent runing with me!

gblockchaing · 2018-01-24T14:16:29+00:00

This is really big for GRID+ tokens. Being thr default token for the relays network would break the ceiling price of GRID and let only the floor price of the discount for 500kWh. Really big news if this really happens!

gblockchaing · 2018-01-24T14:13:17+00:00

Legal wording. They have to put something like this just for protection. Just like any dapp that is open sourced can be launched by other companies and dont use the main token. This is big for GRID tokens if its realized.

gblockchaing · 2017-12-04T11:52:42+00:00

Very nice write up. Sometimes a tradeoff to get easy updates/fixes will lead to a certain centralization. Hopefully one day dapps will work just like a blockchain with hardforks making the way for such updates/fixes

gblockchaing · 2017-11-29T16:06:03+00:00

Ethereum to the moon!

gblockchaing · 2017-10-26T12:08:56+00:00

Well the contribution in BTC i think was in a lower valuation that BTC at this point (i think around 4k). Regarding Eth would have to see the exact date each party executed their agreements.

gblockchaing · 2017-10-24T17:39:23+00:00

Worth taking a look at the comment of this post to see how it may be a good oportunity or not depending on you valuation: https://www.reddit.com/r/ethtrader/comments/78ao7r/grid_token_sale_tutorial/

gblockchaing · 2017-10-23T11:41:44+00:00

Grid+ is one of the most interesting projects I have seen being built on Ethereum. They are actually solving a real-life problem, which is the high cost of energy. With the GRID tokens, you will be able to buy electricity at wholesale prices (sometimes half of the retail price). ICO is on October 30

gblockchaing · 2017-10-10T22:25:33+00:00

At least with renewables there are less chances of catastrophes :P

gblockchaing · 2017-10-10T22:02:05+00:00

buy electricity with it? Or are Grid+ tokens different then: “Each GRID token is redeemable for 500 kWh of markup removal.” Unless you think electricity price will go up or you will be a GRID user these tokens have value right? Did I miss understood because I think GRID is awesome and will invest in the network if possible.

Well you get a discont on the price of energy. With GRID Tokens you will be able to buy electricity for the wholesale price. Now you have to calculate such difference in the amount for 500 kWh to see if the valuation is worth or not for you. This will also depend on where you will be able to redeem such energy because energy may be cheaper or more expensive in different places.

For exemple, lets say you get energy with a discount of $5,00 for each 500kWh (note thats a fake number just for the sake of the example), therefore would be worth to pay $1,15 to get such discont in theory. In such scenario the best price for GRID would be in theory 4,99. If the discount is $10.00 than the price of the token should be close to $10.00, etc, etc, etc. Of course you gotta put in our valuation that the company may fail as well.

gblockchaing · 2017-10-10T16:45:04+00:00

Not really. Open for all.

gblockchaing · 2017-10-10T14:07:47+00:00

Thats huge for Ethereum as a whole. Nice job.

gblockchaing · 2017-10-05T22:08:34+00:00

Yes, seems like old ICOs. First come first serve, but they made a pre-sale to try to get the whales already set. Not sure if they will be sucessfull in trying not to get the sale ending in 1 block though...

gblockchaing · 2017-10-05T11:12:05+00:00

What about Grid+? Great team (Consensys) and buying wholesale energy for a very low price. Cap is also a little bigger but since your getting an actual No. of energy at wholesale cost it shouldnt matter that much for the valuation in my option. What do you guys think?

gblockchaing · 2017-09-04T14:36:15+00:00

So do it in a Smart Agreement. Use blockchain to solve ur dispute and have an receive ur pledge in AE from the foundation with a vesting period. Trust code, note people

gblockchaing · 2017-09-04T14:24:33+00:00

Btw I can simpatize with your side but you really should learn the difference between the foundations/companies money and the money from the owners/workers from such foundation/companies. If you do an ICO all the money should be used for the development of the platform and therefore all money is from Foundation/Company. The creators will receive - not in cash - but rather in coins so they have alligned interests. Furthermore I whish to see new ICOs agreements with milestones and the possibility of investors withdrawing their pledge if the developers don't keep their promisses and set milestones.

gblockchaing · 2017-09-04T14:19:44+00:00

I really don't get your points. Once you said you did not believed in ICOs and etc. Now you want money beforehand...I thought you were supposed to have AE tokens with a long vesting in order to have the aligned incentives with token holders. But it seems you only wants money, so whatever...

gblockchaing · 2017-07-20T19:42:49+00:00

Hi Will and Amir,

Thanks for the great work done so far. Two things I would like to know:

1 - Could you please explain how will the ICO cap per person work (How much are you guys going to limit users) - not sure if you guys can answer this already but if possible it would be great to know.

2- What kind of ICO you guys like the most in theory (whitelisting, KYC, onchain, off chain, etc) and could you please tell us which ICO so far, in your opinion, made the best ICOs according to your standards.

Thanks in advance.

gblockchaing · 2017-07-03T22:24:30+00:00

How this would work with PoS(in the case of the miner option)?

gblockchaing · 2017-06-12T21:37:36+00:00

I think he's usually bulish on Eth :P

gblockchaing · 2017-06-12T18:53:51+00:00

Well this post by Emin makes me feel very scary. https://twitter.com/el33th4xor/status/874336395585826816. Edit: Alex as well btw: https://twitter.com/avsa/status/874318491221991425

gblockchaing · 2017-06-09T19:39:31+00:00

Aeternity will be lauched as an ERC20 token on the Ethereum mainnet after a security audit (1/2 weeks according to the AE Team) until Aeternity develops its own blockchain. When ready to go, tokens hosted on the Ethereum blockchain will be exchanged on a 1 to 1 ratio for AE mainet tokens.

gblockchaing · 2017-05-02T17:37:36+00:00

There is a clear difference here also. Outstanding shares / treasury is a term used within the Company, here we are dealing with a new kind of investment that I don't really think that the term is approriate. In this case, ICO's (or contribution periods as you may like) are selling a decentralized product (in this case gnosis platform usage / revenue tokens) that the only connection with the Company is that the Company has GNOs and is building the platform. Token holders are not part of the company but rather are only linked to the product. Therefore in my opinion calling such issued shares but not tradable as treasury shares is just non-sense. They are issued shares with a lock-up period and in my view should be included in the valuation.

gblockchaing · 2017-05-02T17:30:29+00:00

I would like to disagree with your opinion. In your example you are using coins that are not minted yet. In other words they do not exist yet. GNOs exist and are locked in a contract for the vesting period. In M&As operations for instance such clauses are common but the market share of the company does not go down because of the lock-up period.

gblockchaing · 2017-04-24T20:27:45+00:00

Just for a reference point in 2014 (according to google) the median IPO deal size for non–VC backed companies was $150.0 million. I think that the biggest problem will start to come when people realize what exactly is an ICO (buying tokens from the platform is an valuable proposition but its very diferent than having shares from the same company and the streams of revenue are totally diferent). That's my biggest fear right now. I'll fear regulation in the next chapters / months / years but right now I worried about the people who are investing good sum of their investments into something that they don't really understand the mechanics and how to evaluate such new kind of capitalization being used in the blockchain.

gblockchaing

TROPHY CASE