0 sats \ 0 replies \ @petar 1 Jan 2023 \ parent \ on: Fountain Rewind 2022 bitcoin
https://fountain.fm/petar/2022
I think I may be in the running for top supporter on Podcasting 2.0 across all apps when you add in the +6 million through CurioCaster.
These are excellent energy storage facilities, much, much better than batteries in both reliability and storage capacity. They are not, unfortunately, available in all jurisdictions die to geography and do require additional maintenance compared to typical dammed hydro.
Flexible load resources are extremely useful for contingency reserve and peak shaving regardless. The nature of the generation fuel source and their proximity to a baseload generator is not as crucial as you claim. Most industrial processes cannot respond to system operator signals for load reduction and most really don't want too. So Bitcoin miners are filling an incredibly valuable niche.
If your point was that you can't operate a grid at 100% intermittent, then, of course you're right. But the amount of intermittent you can reliably connect is greatly increased with larger amounts of flexible load resources. There is a limit upper to the % of renewables for two reasons, forecasting renewables isn't perfect, and two, solar\wind are DC to AC invertered therefore intrinsically have no inertia. Low inertial systems have a greater frequency deviation slopes during a disturbance. Hydro Quebec does synthetic inertia on their wind farms from what I hear and that's awesome but I'm not certain it will ever be a full replacement for good old fashioned rotating turbine masses. My experience with these things is that you start to have reliability concerns when renewables make up more than 15-20% of your total capacity.
I do think people are trying to link renewables and Bitcoin mining are doing it for "green" propagandist reasons but its not exactly untrue either.
Note: I've doing grid operation for decades and spent several years on our regional balancing task force.
After talking to the parties involved directly on this matter I want to update you all that they also shares my concerns with protecting the bitcoin community from potential fraudsters.
I can truly say I am really impressed with the team over at Fountain and I think they are just trying to navigate this crazy ecosystem as best they can with the rest of us.
BlockFi is a DeFi scam. (8.6% APY)
HODLnaut is a DeFi scam. (9.41% APY)
Fountain is a well made app with a lot of great potential, unfortunately it has decided to fund itself by running ads for companies which make money by scamming the bitcoin community.
Buyer beware.
It's magical seeing all these diverse podcasters slowly discover and integrate Podcasting 2.0 sat streaming into their shows. I use it everyday and believe Dergigi's excitement is well founded here.
And in a lot of cases there is no "instead of" option. Non-main stream content simply cannot be paid in any other way as advertisers will not monetize controversial opinions.
34 sats \ 0 replies \ @petar 23 Mar 2022 freebie \ parent \ on: Is “Value for Value” fatally flawed? bitcoin
The man himself lurking in a thread about his life's work, ITM podfather.
Inventing a way to sustain media content without the need of advertising money is brilliant achievement.
Every time I see an ad on TV my skin crawls a little bit. I've been looking for V4V my whole life and you actually did it.. the son of a bitch actually did it! :-)
Most people in this thread are missing the main point of the V4V model Adam and John pioneered over the last 14 years -- which is to eliminate the censorship that always comes with the advertising revenue model.
V4V + uncensorable money is the ultimate free speech toolkit for the "little" guy podcaster.
The subscription model has reach and copyright hurdles. Adam claims subscription models will make less money overall thann his voluntary payment model. His main podcast NoAgenda is good proof that he might be right.
GENESIS