Hi!

I like the new MOU. Excellent focus. Our future world is blockchain based. Many sidechains are currently being developed on top of bitcoin. Bitcoin is actually one of the reasons why I have invested and keep staying invested in HPQ, which I was going to write a post about but have waited to do for some reason. This might be a good moment to actually write my thoughts down.

I have for a long time been a big enthusiast of bitcoin, by cause of many things, of which I might not need to go into further detail here, as there are enough explanations of its properties and repercussions as a result of these properties already out there. My main point is that I believe the future will be even more silicon dependent than popular projections, due to an even further increase in ASIC production (application-specific integrated circuits) for mining. My postulation is that wherever there is cheap energy, there will be mining (i.e silicon chips). Integrated circuits are made of electronic grade silicon (EGS), but is refined from metallurgical grade, a grade of which HPQ already have indicated to be able to distill in one step, more cost effectively than a traditional arc furnace.

In addition, (or mainly, I should say), HPQ seems to be on its way to transform SiO2 directly to solar grade silicon, something that none of the other companies refining silicon today are able to do (including Elkem and REC here in Norway). If HPQ manages to prove this commercially, it will be a paradigm shift, and the world really needs economical silicon, not to mention the cost benefits pertaining to reduced carbon emissions, which solar in the end is all about in its popular status as a source of green energy, and last but not least, we need clean energy to mine, as well as ASIC's to mine. Again, my sense is that the future will be even more silicon dependent than popular forecast, and it might be so that in the future if you have silicon, you quite literally have money, seeing as you have raw material to mine, AND to power the mine.

The field of blockchains is very new and – unsure as to which ones will survive – an experimental field. It may be that any ecosystem of value will be built on top of bitcoin core as base layer, with truly open and secure sidechains/second layers on top, which may be both permission-less and "permission-based". One of the first revolutionary properties of bitcoin is that it is permission-less when it comes to participation and innovation, much unlike fiat which is non-programmable paper, but we may see cases where a permission-based ecosystem (in certain aspects) also may be of great value, such as a market for carbon credits. There are uncertainties as to how this landscape will look, but what it seems like, and what I deem to be most rational and secure (pertaining to 51% attack among other security as well as usability matters), is that we will have a mighty strong currency at the core, and many different marketplaces on top in second and third layers, secured by a strong base layer. One second or third layer, or sidechain, could be a marketplace to sell and buy CO2-credits. So leaving out uncertainties as to a final picture, I must say I like the focus of the company. It shows that they are foresighted and wisely provident, as such a marketplace will certainly in the end be flourishing, and will do a fantastic job to convince people to go green, finally being to the betterment of our planet. If they can participate and do a part in the development of such a market, which needs credible early participants to become successful and credible itself, it would be phenomenal.

Regarding the future of our mediums of exchange, the days of uncontrollable money printing – continual transfers of wealth and skewing of an ownership-picture that in theory should be completely inflation free in order to be equal and just – are over. Bitcoin is in my view the digital manifestation of the theoretical perfect money. Instant transaction (globally), negligible transaction costs when it is mature (regardless of amount), unforgeable, zero inflation, unseizable by anyone except holder of private key, programmable on consensus of majority, potentially 100% fungible, accessible by anyone owning even just a phone capable of sending sms (that means 2 - 3 billion unbanked and underbanked people of the third world (majority world)). Truly, it is not money on the internet, but the internet of money. It fuses, repairs, merges and integrates the whole world financially, making our world even smaller, yet amplifies our scope a thousand fold.

What an invention, and what a world we could be a part of, If 't be true we doth alloweth t flourish.

Here’s to peace, bitcoin, free markets, smart contracts, system-trust, powered by silicon, and cleaner solar energy from HPQ and Pyrogenesis in invisible cells in windows (https://www.nrel.gov/news/press/2017/nrel-develops-switchable-solar-window.html)

and rooftops (https://www.tesla.com/en_CA/solarroof).