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64 sats \ 1 reply \ @freetx 19 Jan \ parent \ on: Could large Bitcoin ETF investment cause a hard fork? bitcoin
My nephew works for local power company - they have had talks with miners.
One of the things lacking is a regulatory structure (I don't mean govt led necessarily, but common agreed framework). For example: The power company wants to be able to send alerts to miners that "power level 5 event, power down" and they want guarantees that miners will adhere.
For now, each power company is needing to negotiate one-by-one with miners. There needs to be a common organization / set of agreed terms that all adhere to.
However, the power companies DEFINITELY see the benefit
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31 sats \ 0 replies \ @antic 19 Jan
This could be automated and enforced by a digital contract if the energy companies paid the miners in L-BTC as part of the request to shut down--contingent upon usage dropping for a given time the L-BTC gets moved into their wallet, then they can pile up those and batch convert L-BTC to BTC once a day/week on main chain.
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