Implications of a machine economy

TagFeeless transactions

Reframing abundance for a sustainable economy

Abundance is one of the promises that comes with renewable energy. “If only we had enough energy, we could get anything we want.” But is that true? And can that be true for everyone in the world? Without destroying the world as we know it? This post goes deeper into psychological and philosophical side of abundance, as opposed to the technical side. Because if we frame it right...

The importance of free value transactions for renewable energy grids

The energy grid is experiencing problems in dealing with the increase in production of renewable energy. There’s a common argument against solar panels and wind turbines. They produce energy when the sun shines or the wind blows, but not necessarily when we want to use it. Luckily the ever-increasing fleet of electrical cars – including hybrids – can help solve that problem, now and in the...

The implementation of a feeless transaction system

One of the key features of IOTA is that there is no transaction fee. It is designed for micro transaction on the Internet of Things. This opens up a lot of possibilities (more on this in future posts). The problem however is, that as long as IOTA transactions are benchmarked against fiat money we are not able to reap the full benefits. Exchange rate risk premiums could counteract the feeless...

Implications of a machine economy