Back to the list

Crypto The WonderDog! How DLT Will Defeat ENRON

Daniil Danchenko

Being featured in the influential podcasts is always a pleasure for any kind of media - big or small, printed or online one. The last episode of the “Crypto the Wonderdog” show decided to feature three of our articles. Here is the shortened transcription of the show. If you’ll want to to listen to the whole podcast click HERE

Today on the show we have Charlie talking and a bunch of articles that we went over. We’ve got people going to Africa for some weird reason - Fintech going to Africa. We have the DLT that can reshape the power industry and redistribution and also is the British - the British banks. (They are voting for the dollar). All that and more coming up on Crypto the Wonderdog show today and if you haven’t already, please like and subscribe on the Youtube show. Also if you haven’t already stop by the Crypto the Wonderdog website which is cryptothewonderdog.com. Check it out, there’s links along for all of our outlets, there’s information about myself, about Charlie and then there’s a gallery of our ITunes page which you can just click on and watch any show that you want.

So, we’re gonna be doing more and more interesting shows, I am possibly going to other states, other countries, and coming soon to Federation near you, maybe we’ll be in Russia sometime soon, I think that would be a lot of fun. You got an idea of what you wanna hear about on the show, we could dig into it for you, we are uncovering a lot of information for the people. If you get a question about what’s going on in the world of fintech and blockchain and cryptocurrencies – drop us a line and ask, we’ll be more than happy to do some investigating and let you know what’s going on over there. Anyway, today’s show we have Charlie Rojas and he is up in Oregon, and thanks to the wonder of FaceTime he looks like he’s sitting right next to me. Alright, there we go and enjoy the show. You guys ready to go? Let’s start the show.

Dean: We’ve been getting more and more outlets, more and more stations are picking up the wonderful wonder dog show, and so Charlie and I are becoming international superstars and even in Russia, so we’re gonna be pumping some stuff out to Russia here, we are actually requested to do a few stories. Which one you got there first, Charlie? I know that you’re the one that does all the research. (laughs) I don’t really do the research.

Charlie: Well, there was one interesting… you know you’re the technical guy. And so you’re busy enough being the marketing technical and an outreach guy, that takes a lot of work. But, anyway the one first story that it looked at was, it’s from Bitnews Today.

Charlie: The title of this story is how DLT can realize the power of power redistribution. In other words, how are we going to get electrical power into homes, what’s the more efficient and more effective way. The story, and I suggest people go to it, not just because of the responsiveness but because of the fact that they do have really good analysis of what power distribution and the issues that are taking place with that. Now, a few months ago when we first started this show, remember we talked about Enron?

Dean: Yes.

Charlie: We talked about what happened to Northern California when Enron started gaming the system in San Francisco. The city of San Francisco went dark, they had blackouts, and that went on for months.

Dean: And that was because of Enron?

Charlie: That was because Enron was messing with the markets and the distribution of power, because here in the United States you don’t usually get what are called power brokers or energy brokers like Enron. hat they do is they buy energy, they, kind of, they don’t produce it, all they do is sort of distribute it. They’re middlemen.

Dean: Really?

Charlie: That’s all they were. They were a middleman, they didn’t own dams, they didn’t own hydroelectric plants, they didn’t own any of that stuff. They simply were able to wiggle their way into this deregulated market and become parasitical in the sense that they were just lumping on to the power grid and supposedly distributing energy more effectively. And efficiently because of course of the power at the market, you know at least that’s what they were saying and that wasn’t true at all. I mean, just take a look at what happened to San Francisco in the Bay Area when Enron decided to game the system to get more money.

What deal this article is talking about is that blockchain is going to be the capacity to bypass all of that. You know there’s going to be maybe peer-to-peer distribution of energy and you’re gonna be able to get rid of middlemen and people who just are lumping onto the cost of or just creating a much higher cost for your energy. Not because they do anything more efficiently. It’s because it’s less efficient, you know you’re paying more money for less efficiency, and because, like I said the infrastructure is still there, it isn’t like they have upgraded anything. A company like Enron didn’t upgrade anything.

Dean: Wow.

Charlie: And so, you know, we’ve kind of fallen for this, this is not to say that, I’m not talking necessarily about capitalism, I’m talking about parasitical waste of money, and what this article is talking about is that if Bitcoin and, then we’ve said this before too, if blockchain is going to become efficacious, if it’s going to become something that people can think of as more than a novelty then it has to be able to be used in real world applications. This article is talking about that. It’s talking about the capacity to have peer-to-peer distribution of energy. Can that possibly happen? I’m not saying that it will but what it’s saying is that there’s a possibility that blockchain will be able to deliver that particular situation. And in that case, if it can, and some countries such as Russia are actually looking into something like this and that’s what I think makes it such an interesting proposal. It’s going to be wait-and-see because we still have to, you know, see if this works out more effectively.

But the reason this brings that up and this is why this is important, blockchain and cryptocurrencies are being created, because of the tremendous inefficiencies in markets right now. They’re not happening because you, you know, some nerds or some people just decided they were gonna play with algorithms and computers and come up with this. It’s in effect a response to some real issues that are taking place in the economy all around the world and we have to address those things. I mean blockchain is a symptom of a system that’s going wrong and the creation of blockchain and cryptocurrencies is that manifestation.

So, you know folks, we have to look at the way we live and the way we do things and realize that it’s not effective. It’s not efficient, and, you know, according to this article blockchain allows the simplification of massive amount of services, this is I’m quoting from the article, “you can transfer from one energy provided to another quickly and efficiently” - in other words, they’re trying to bypass companies like Enron that don’t provide any real service, that doesn’t provide any real product.

Dean: They’re just a middleman which is one of the main reasons that blockchain exists - to get rid of the middleman.

Charlie: Yep. Well, that’s one of the reasons that Hollywood has gotten to be a problem, because Hollywood, like again we keep saying this over and over again, the cost of getting to see a movie if you’re going to the theater...

This is the end of the part one. If you want to continue reading check out the PT. 2, PT.3.

Back to the list