Tag: a.i.

Elon Musk’s Boring Company Is His Most Exciting Project Yet

By Spencer Kellogg | United States

Elon Musk can’t run for President of The United States. I know this because I checked a long time ago and then I checked again recently:

Screen Shot 2018-03-10 at 9.10.12 PM

Disappointment for a second time.

Lovingly compared to the comic book tech titan Tony Stark, Musk is one of those rare thinkers that has the vision, money, and hutzpah to significantly move our human civilization forward. His politics are a futurist medley of populist libertarianism and he is right at home warning on the future dangers of Artificial Intelligence:

His failures with countless Tesla rollouts have been well documented and the quarterlies for Tesla have not looked good. His promise of a “mass-market” vehicle that can meet the energy efficient demands of consumers has nearly become a running joke. Tesla, for all intensive purposes, feels decades away from turning a market away from the insatiable bank accounts of oil executives. Which is why Musk has been looking into other ventures. Namely, rockets and tunnels.

First, the rockets:

One of the great obstacles in the exploration of our universe is the immense costs associated with rocket technology. By producing a rocket that can land on a pinpoint location, SpaceX will cut the prohibitive costs of space travel and allow for low orbit missions that include the Moon, Mars, and asteroids for mining. With the federal government as uninvolved as ever with space exploration, accurate and reusable rockets are among a new class of assets that will only grow in necessity and value.

But what about simple problems on earth? Like traffic. Our roads and bridges are falling apart after decades of poor maintenance and the need to address transportation issues of today is critical. As Trump calls for a 1.5 trillion dollar infrastructure plan, Musk has suggested one alternative to the transportation builds of the 20th century:

The Boring Company.

The Boring Company’s idea is simple: dig into the earth and create massive tunnels that can transport humans with efficiency and timeliness throughout the Southern California area and beyond. The thought was birthed one day as Musk sat through another day of insufferable Los Angeles traffic:

Screen Shot 2018-03-10 at 9.55.15 PM.png

The tunnels will be multi-tiered with as many as 12 layers of underground transport. Users will board autonomous transportation pods located in public areas the size of a parking space. The pods will lower into the ground and act as an updated subway system to transport people to their destination in a timely manner. According to the image on The Boring Company’s media page, the initial plans show paths that crisscross Los Angeles:

Screen Shot 2018-03-10 at 9.50.14 PM

One major obstacle that Musk will have to hurdle is California politics. Just last week, Californians were informed by state officials that the proposed price of the above ground bullet train project has more than doubled in estimation from an initial $33 billion dollars to a now staggering $77 billion. Some analysts have pinned the project’s cost at closer to $100 billion dollars after a slew of regulatory and aesthetic issues have cropped up in the past few years.

There are also structural concerns for the project. Southern California sits on the San Andreas fault line and is known for its earthquakes. Furthermore, no one can be quite sure what sits underneath the ground and what the cost of relocating sewers and water lines might be.

In late 2017, Musk and his team put in a bid to build an express transit lane between O’Hare airport and downtown Chicago. With ongoing discussions in LA, Chicago, and NYC, The Boring Company could become the biggest disruptor in the modern transportation field.

Image Sources The Boring Company

Advertisements

Why Restart Energy (MWAT) Has Massive Potential In The Energy & Cryptocurrency Markets

Spencer Kellogg | @TheNewTreasury

Renewable and energy are the sort of buzzwords that salivate the pallet of new investors and turn seasoned traders grey. There is a lot of hype around the expectation that global energy markets will shift to renewables in the near future. With consumers and governments focusing on clean energy proposals, energy companies that can efficiently offer renewable energy at scale may represent some of the best investment opportunities of the 21st century.

Much like the industries of artificial intelligence and space travel, the market for each of these products is still maturing and could be many years from fruition. Of the three sectors, renewable energy appears the most likely to become profitable in the short to near term. The infrastructure required to make renewable energy a practical power source is already in place today with a growing number of sophisticated users and producers ready to make the transition.

Restart Energy is Romanian company that has been in the renewable energy business for several years and is on track to make an estimated $100 million in profit for 2018. They are a peer-to-peer energy trading platform that already boasts 30,000 active customers in Romania with another 5,000 new customers signed up in the past two months. Their business model is simple: cut out the middleman of energy production with blockchain technology and offer direct franchising with Restart Energy for individual holders.

In a similar vein of Lithuanian startup We Power and Australian Power Ledger, Restart Energy intends to capitalize on a market that is shifting from niche to common. At its core, Restart Energy is an energy trading platform. It allows for a peer-to-peer producer to consumer direct pipeline of energy trading that will be managed and organized by the Restart Energy’s “Red” platform. The platform aims to produce reduced costs associated with energy production and offer greater profit margins for decentralized power. You can read more specifics on the company in their beautiful white paper (here).

Restart Energy released details of several new partnerships this week on medium (here). They have received their license to supply electricity in Serbia, opened a subsidiary in free market haven Singapore, registered with UK officials, and are in advanced stages of negotiation to buy a Bulgarian energy company. Furthermore, Restart is spreading their business into the countries of Germany, Spain, Greece & Turkey.

Screen Shot 2018-03-07 at 9.30.37 PM.png

When considering to become an investor or not, it’s important to investigate the value of the token you’re buying. The MWAT token is purchasable on Kucoin exchange right now and it acts as a digital battery that stores energy. The Mega-Watt token (MWAT) is refilled by a KW token which will be accessible through Restart Energy’s Red platform. At its essence, MWAT is a utility token that allows access to Red Platform and you must own MWAT to participate.

For holders of the token, Restart Energy has incentivized a rewards program that will produce a passive income of 5% for early adopters that hold a certain amount of the token. Furthermore, investors that hold 10,000 MWAT ($450 at the time of this writing) will have the option of opening a franchise with the company. The franchise option is a tiered system and an investor could technically franchise an entire country if they hold enough MWAT. There are two franchise options through the company that can allow an investor decide how involved they want to be with the company. One option allows for a small passive income route while the other would see an investor managing their franchise and making a larger stake in profits.

The blockchain provides two key necessities to make the project succeed. First, it provides full transparency for investors who can track every transaction through a public ledger. More importantly, the blockchain provides smart contract applications that should help cut out the middlemen in the energy business while providing a system of trust.

Restart energy has seen a massive growth in revenue over the past few years. In 2016 they did five million dollars in business, in 2017 it grew to $20 million and for 2018 estimates are showing a return of over $100 million. By 2020 they plan to be operating in over 45 countries and to have six million customers. Restart aims to be in the USA by 2019 and to have over nine million paying customers by 2023 with an estimated three billion dollars in revenue.

MWAT’s team is headed by CEO Armand Doru Domatu. Along with his advisors, the group has spearheaded over 500 energy products in various alliances throughout Europe. With an estimated marketcap of only $20 million dollars, it would appear that Restart Energy is vastly undervalued. Compared to other teams and platforms in the space, Restart Energy has a working product, an experienced team and a communication team that effectively explains what their product is an how it intends to revolutionize energy. In my opinion, Restart Energy looks to be one of the best high risk/high reward cryptocurrencies on the market today.

For a recent Reddit AMA, please check the tweet below:


*This is not financial advice. I am an early adopter of cryptocurrency and an avid follower of the space but this is only my opinion. Please do your own research!

Deep Water Systems Is A Hidden Crypto Treasure

One of the more interesting cryptocurrency projects set to launch this year is a relatively unknown seafloor mapping company with expertise in robotics and software engineering. Deep Water Systems (https://deepwater.systems) will use artificial intelligence to recognize patterns of disturbance on the ocean floor in an attempt to identify potential sunken treasures and mineral deposits along the Caribbean & Atlantic seaboard.

With an estimated two billion dollars worth of sunken treasures sitting on the ocean floor and more than 100,000 shipwrecks still undiscovered, DWS is the first blockchain based startup to tackle this eccentric industry. With expanded markets in oil and minerals, DWS could potentially service a broad range of underwater systems requiring intensive data of what lies beneath.

The project is led by founder and CEO Alejandro Gavrilyuk, an early cryptocurrency adopter with over 15 years of IT & business management experience. The research team has already been working for three years on their DeepSystem, a unique large-scale information and measurement system that will be at the center of collecting and interpreting data patterns from the seabed. Using state-of-the-art technology attached to torpedo looking “gliders,” Deep Water Systems currently recognize 70-80% of underwater objects. In the future they hope to get that number as close to 100% accurate as possible.

The gliders, almost 6 feet in length a piece, can work autonomously for almost half a year. DWS hopes to build a fleet of 2,000 gliders that will be unleashed along the historical trade routes throughout the Atlantic Ocean. These machines will attempt to identify mineral deposits and nodules that are rich in nickel, copper, cobalt, zinc, silver & gold. If successful, Deep Water Systems could be a disruptor in the space of deep sea information and data accumulation.

Not to be confused with an actual deep sea mining outfit, DWS is in the game of seek, find and sell. They intend to auction off their deep sea information to the highest bidder and allow those winning parties to mine the goods for themselves. The team will use blockchain technology to provide quick and accurate lots of data for auction with only the winning bidder able to gain access to the DeepSystem findings.

Deep Water Systems begin a pre-ICO offering on February 28th 2018 with bonuses of up to 30% for the earliest investors. DWT is built on the Ethereum blockchain and is an ERC-20 token capable of being stored to any ether wallet. The main ICO is set to begin on April 2 with a valuation of 1 eth = 2000 dwt. The supply of DWT is 700 million with a buy back program touted by the DWS team to stabilize the token’s value over the first year.

Deep Water Systems is a wholly unique project that exists because of the peculiar daring nature of blockchain technology. With the help of DWS, we could uncover major historical finds that are priceless to our understanding of human civilization. More than just a platform for identifying rare goods, Deep Water Systems are also a testament to the ingenuity and creativity of humans and I fully expect we will see hype surrounding the project from mainstream scientific media outlets.

For more information and a clearer look at the goals and aspirations of the team I suggest you read through their wonderful white paper linked below:

DWS Whitepaper

*This is not financial advice and should not be taken as such. ICO’s are volatile, please do your own research!*