96 karma · joined February 14, 2018
Energy Trading
The market is in contago, if you can find a way to store the gas you can make money buying today and delivering in Dec/Jan/Feb.
You could even take delivery in December if you can find storage and sell in Feb and lock in a spread of $32 today. This is the reason you're seeing so many LNG ships outside the coast of western Europe.
That can easily be found on a site like proff.no
The price goes up, you've just made it more expensive for yourself to take over the network.
If you were to attempt to take over you'd be better to do so in silence. However, it would be hard to hide that kind of control and wealth when every information on the network is publicly available.
Current market cap of ETH is ~$324B, thus getting 50.1% of ETH would require $162.3B in capital. However, as soon as you start acquiring ETH the price will increase, especially at those large volumes.
It would be insanely hard to come up with enough resources to buy enough ETH in a POS world to take over the network. Never mind the fact that as soon as it's become evident you've taken over the network the value of the network is essentially worthless and you've just destroyed billions of dollars worth of capital in the process.
We currently use natural gas for this flexibility, which is better than coal, but still a big polluter.
Norwegian = Kjeks
Danish = Kiks
Swedish = Kex (Because swedes are weird)
Rather than spending $3B to build out wind or other renewable power locally.