A Better Store of Value

in philosophy •  7 years ago  (edited)

Light-emitting displays are terrible stores of value. By design, they're required to continuously consume electricity in order to serve up visuals, static or not. Now think about the likes of E-paper and the way it stores value for displaying information. Using a combination of material bistability and reflective surfaces, E-paper uses up 36x lesser power compared to LCD-displays.

From an engineering perspective, the energy efficiency of E-paper renders it a better store-of-value. The technology might not be able to handle your favourite family photo in full-colour HD, but you can at least look at them in grey-scale and remember the good times.

And here's the thing about E-paper. They really do look like paper with prints that last forever since the technology will only consume energy when the surface requires displaying a different set of values. Just like those table electronic calculators, add in a miniature solar-powered unit and the deal is done. Minimal maintenance. Long life. After all, a static store shouldn't consume all too much energy to maintain a stable state.

"On a long enough timeline, the survival rate for every store-of-value drops to zero."
by Tyler Nakamoto

So in our case, the only way to ensure any digital store-of-value maintains integrity over the long-term is:-

  • Low power consumption.
  • Couple with renewable energy.

Taking the pessimistic realism of Tyler Nakamoto's quote at face value, there's just no way that power-hungry systems can last that long. Even renewable energy wouldn't be able to patch up fundamentally energetic systems. As problem-solving creatures, we should aim for constant improvements to displace the obsolete. Go for minimal bloat with smart and deliberate design. These qualities can produce longer-lasting protocols and confident lifetime investors. If we're to imagine societies that run on many layers of community protocols all around the world, practising the philosophy of E-paperism on cryptocurrencies seem to make the most sense, at least to me.

That said, I believe a great degree of decentralisation can be achieved through power minimalism as it also lowers the barrier for mainstream participation. It is with this foundation that we get to build out the the basic pillars of public networks that doesn't consume all too much energy and more descriptively, middleman fees. Scalability has many dimensions and that also includes a system's energy footprint. Stuff like Steem, EOS, IOTA, and Raiblocks come to mind.


This is not to be taken as financial advice.
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Excited to see a phone with e-ink screen! Thanks for the update.

I've been using the Dasung Paperlike - a full 16-inch e-ink computer monitor - for the last couple of years. Couldn't use a computer without it. This e-ink monitor, coupled with the Pomodoro technique (take a 5-min rest every 25 minutes) solved all my eye problems that came from too much computer usage.

I don't see any reason why all electronic screens can't be e-ink. There's no harm to the eyes when looking at it. The problems of color and refresh rate can be solved and there has been good progress on them already. The health benefits to the general public would be staggering (kids today have eye problems at 9-10 years of age due to lots of playing of computer games), And the power consumption would go down tremendously.

Nice recommendation. I think more products like Dasung's should be encouraged and promoted. Just to share, recently I've been feeling uncomfortable and couldn't do much thinking / writing. Changed my habits recently and they seem to be making life better:-

  • Turn off 99% of notifications.
  • 100% e-ink display usage when reading / writing.

Dasung Paperlike with $1,399.00 it is still quite expensive. But the price might go down as it becomes more common.

Totally agree with your statement @kevinwong. I am very curious how all of this will develop. Projects based on DAGs might be more energy efficient than blockchains. To what extend there is more privacy, security etc. I don't know.

We all know that currently Bitcoin needs an awful amount of power. Of course there are improvements coming, but it still will be using a lot of electricity. And yes, the current financial system also uses an enormous amount of electricity, but Bitcoin hasn't taken over those tasks. When it will and the tech has not improved, we have a problem. If Bitcoin is a store of value, maybe it needs to be compared with the energy consumption of stores of value.

I believe eventually this new tech of blockchains, DAGs and other innovations will help us reduce the amount of electricity used by everything build with some form of intranet or internet at its base. Exciting times!

Keep up the good work with these interesting articles!

Exactly and cutting out the "middle man" is precisely what needs to be done as these middle men are the one's who gain control over our purses so to speak. It's beyond time to do away with them and let them earn their own keep. I believe this is an important part of the evolution we are involved in. It seems these middle men are everywhere. Enjoyed.

@kevinwong on an offnote, bought a Kindle device in 2013 (the entry level 6") and the one thing that struck me was that it lasted almost 4 weeks on a single recharge - it was undoubtedly the most energy efficient rechargeable electric device I have ever owned, thanks to the E-ink technology you have described in the article, and I've forever been fascinated by it.

Coming back what you mentioned, there is no doubt that power minimalism will ower the barrier for mainstream participation and store of value that requires only minimal power that can be obtained through renewable sources is the way to go. The amount of power consumed in mining is going to be Bitcoin's achillees heel in the future...

  ·  7 years ago (edited)

It's a sane advice. Power conservation is more important than producing power. Societies have to invent ways to save power and shift to less hungary power machines.

Thank you for sharing an important thing we all must do.

But they we can't show off how rich we are by wasting resources!

https://en.wikipedia.org/wiki/Conspicuous_consumption

I got a Kindle Paperwhite last year. First e-reader. I don't know any other, but this thing is AMAZING. It really gave me a new passion for reading long novels and classics!

I really do think this is the way to go in books, for us who care more about the content, and not that much for the book as an object.

I use for a couple of years a nook paperwhite e-reader. Soo good! But still I love real books in my hands, the smell of new books, texture and design...

I am the proud Owner of a Kindle paperwhite and I must tell you it''s an amazing experience!
the kindle comes with a notice on his screen out of the box and I thought it is some kind of sticker that I have to peel off - that's how realistic it is! I am an heavy reader and yet I need to charge once i 2-3 weeks and my eyes aren't getting tired :) making them use reneable energy sources will make them even better :)

I really like the way you took this devices as a concept for a future way of life, it's not trivial and never occurred to me :)

thank you for widening my sight :)
Nati.

Imagine a world where all school textbooks where e-ink based?
The energy cost savings would be incredible. Plus you could rewrite history whenever you wanted to ;)
I've watched this interesting technology from the beginning and still wonder why it hasn't had mass adoption other than kindle etc.
The masses like bright shiny things and that is the sticking point apart from vested interests maintaining high consumption devices. There's a lot of money in generating electricity old school.
Short term profits trump sustainability for many current firms.
The binary state is the most efficient state so far devised and understood. Getting the masses onboard will take time or an energy crisis.

I am still hoping for a smart watch with E-ink display, touch enabled, and operating on Android wear! Maybe the last one won't happen but a man can dream.

I swear it's a conspiracy that we don't all have E-Ink monitors, phones and laptop screens to keep us inside and out of the sunshine. I would work outside all the time if there were e-ink options for all my devices...

The innovation of e-ink is very latent demand of world and can be called green energy is other way. We are killing the world as Tyler said and we have to accept alternative technology.

You are speaking of a comparison to something that uses a tiny amount of power to something that uses a minuscule amount of power.

If you want to save WAY more power than any changes here, invest in a large USB power strip and plug in all your devices to charge on that. Those little wall warts waste more power than the the devices you are complaining about. One big one is much more energy efficient, than a bunch of singles.

And this is a drop in the bucket compared to properly insulating houses.

Very cool, I found this video interesting.Maybe start a "how things work" series video for mobile devices. Like nfc, sms, different carrier frequencies and how they perform (lower frequencies vs. high) and on and on.I'd like to see E-Ink like a extension for an actual tablet. Like a screen on the tablet protection hover, or on the backside of the tablet. So you don't waste your precious energy while reading articles, books, etc.
@kevinwrong

As some cryptocurrency-power-hungry grows, it just defeats decentralization by eliminating the ones that can't keep up on mining it so the ones that can keep up makes the rules which shouldn't be.
The solution is what others like steem does that solves what BTC cannot.

That is an interesting technology you are presenting here. I think this is taking the low power ink-displays used in Kindle a step further. Batteries are the weakest point of all consumer electronics right now, if we can't fix capacity....well we can at least fix energy consumption.

cough stab at bitcoin cough
Who is Tyler Nakamoto by the way? the one I found on the internet is a guy who rides a bike :))

It's Tyler Durden of Fight Club + satoshi nakamoto lol

:)))

Since my wife bought Amazon kindle I was positively shocked with the e-paper screen and the best thing is that it doesn't produce fatigue on my eyes as lcd displays do. Your last paragraph was exactly on point, we need to cut the middleman by implementing ecological dogmas. The world that we live in is made to suck up all the energy (energy equals money) from the consumer, and once the consumer's energy is back up, it makes him use it almost immediately. That is the easiest way to describe today economy. We are writing history now, era of crypto self-sustainable world is here.

Yeah love the e-paper, reading on digital displays aren't the same after experiencing it :)
I dunno, many "experts" in the field equate computing proof-of-work with the establishment of trust. I think proof of stake makes much more sense personally..

Both Pos and PoW have it's pros and cons, but I share your opinion. Only natural way is to see what will develop afrer some time, and research everything. Decentralisation was the key idea when developing cryptocurrencies, but we will see if it is sustainable due to always having people with different agendas.

When I got my first Kindle I thought the static page on the screen was a paper with advertisement sort of things to protect the screen. Only to realised it was the native display itself!

I was amazed how long it would be kept at that state without draining much power as I assume the device was long in the box being in this state. Absolutely amazing tech.

Great article @kevinwong . I still only read books that I hold in my hand, kinda old school, but at least I do not hoard them anymore, just pass it along. Same principles that you mention definitely apply to everything, especially to blockchain. Can't wait for the 3rd GEN cryptos coming to success, such as EOS and Cardano. I love ADA a lot, for these very (and other) reasons.

What is ADA?

ADA = Cardano. Trades at couple exchanges including Bittrex. Check it out!

@kevinwong - Totally agree. The 'value' in the scenario especially related to storing of memories, lies in the memory being refreshed easily, at least cost and with least energy spent (for storage as well as recall). An old photo of my grandparents brings a flood of emotions though it is not in full color and does not cost a ton to run. E-papers, by providing storage that almost mimics those old 'memory' stores like photos, print books and news clippings, is a perfect means of 'value storage'.
Thanks for highlighting this. Upvoted
Regards,

@vm2904

That dual screen phone was awesome. I think it's a safe bet that the number of activity of cell phone users is texting. That alone justifies the e-paper display. As far as sustainability, we are seeing sustainability issues right now with Apple, who is getting sued, because their phones are not sustainable. The lawsuit is about how Apple IOS updates slow down old phones. And apple is saying they have to do that because the batteries wear out. I predict we see Apple go the way of the blackberry and the dodo bird within a year or two.

I discovered an example of decentralization saving energy with Steemit just yesterday. I went on Discord and discovered a bot that can organize my Steemit feed and Steemit activity (likes, follows, key words etc). It appears the Steemit system expends no energy of its own for this to occur.

By the way, did anybody else get nostalgic about Nintendo Gameboy when watching the e-paper video?

I discovered an example of decentralization saving energy with Steemit just yesterday. I went on Discord and discovered a bot that can organize my Steemit feed and Steemit activity (likes, follows, key words etc). It appears the Steemit system expends no energy of its own for this to occur.

Huh, what's this? mind elaborating?

Was Gameboy based on e-paper? I think they provide a rather different experience as well..

I thought it was the same tech based on the video. I remember Gameboy could not be played in the dark and it didnt require much power (double a batteries) and it looked the same. Maybe i was wrong there.

My boss just picked up a e-notebook that you can actually write to. I’m surprised that a notebook emulator hadn’t been done up until that point! Expensive though, something like £400.

I like the experience of paper, weird as it sounds. So if a device emulates it, I’m all behind it. I’ve tried to get in with OneNote and the like but it just doesn’t compare.

I Love This Technology and think that the Yotaphone is a huge leap forward. The massive disadvantage of Smartphone and Laptop screens is that they are not easy to work on or read when you want tp sit in the sunshine.
I wonder if I could connect a second screen to my Note 5, on the inside of the cover?

I think that decentralization would lead to lower power consumption over all. If one just looks at the centralized electricity and water systems it becomes obvious that there is alot of waste.

Many people try to free themselves from these systems and start managing their own water and power needs and quickly realize how wasteful they have been. Once it all doesn't come from the turn of a knob or a flip of a switch but instead all must be obtained and managed, the blinders fall off.

But like all centralized silos the utility companies use their friends in public office to punish these people and force them back onto the plantation. This can't hold forever.

Fortunately blockchains exist. They will upend utilities just like they are finances.

'Bout time too.

Thanks for the post.

Keep Steeming!

Insightful piece. Renewable energy and low power consumption is definitely the future. And the E-paper seems to do just that.

Well noted and truly factual. High power consumption is really harmful to human health.
Renewable energy will truly depict an awesome scenario.

While I knew the screens were different and consumed different amounts of power I never thought there was such big gaps in the technology @kevinwong you make some great points here and I personally find laptops to big big culprits.

I've seen these E writers and kindles around in the General Electronic stores recently. Having the ability to sketch on them looks amazing though and the prices are quite cheap. Might as well get one of them in the near future. I love to sketch anyway and hated using paper. Would be a great replacement for the bamboo one I got with no display.

Wow I absolutely love this idea.
If you make the solarpanel big enough it could be self retaining and that would be great. Put in a big enough drive and you will have neverending portable libraries everywhere.
Go with that!

All in all a renewable alt-source of energy is required to powere up even the future technology. Nice piece @kevinwong

thanks for share @kevinwong

Hey @kevinwong thanks for coming with a very informative and timely blog post. This is 2018 and cryptocurrency is passing at its most sensitive period. Your several points gave me lot of relaxation and I will have a very peacefull sleep tonight due to your explanation, facts and figure about our beloved system crypto world. Undermentioned words of yours are priceless:

  • E-paper uses up 36x lesser power compared to LCD-displays.

  • After all, a static store shouldn't consume all too much energy to maintain a stable state.

And your last paragraph is the million dollar one:
That said, I believe a great degree of decentralisation can be achieved through power minimalism as it also lowers the barrier for mainstream participation. It is with this foundation that we get to build out the the basic pillars of public networks that doesn't consume all too much energy and more descriptively, middleman fees. Scalability has many dimensions and that also includes a system's energy footprint. Stuff like Steem, EOS, IOTA, and Raiblocks come to mind.

Please keep posting your awesome research, keep smiling and Stay Blessed!

Alternative energy and rational consumption of energy is the solution and the future of the world. The electronic paper seems to do just that

@kevinwong E-paper is an incredible breakthrough technology. Unfortunately the world is run by greedy corporations and their interests, which mainly revolve around energy.

Awesome Idea...Thanks for sharing.Following you for more.
Please visit my profile , hope you will like my clicks ....@shoot 💐👍

i hope its a great post....you write about a important thing...best of luck brother

thanks for sharing. But it's a little old. Technology is constantly renewing.
@kevinwong

I have seen your video very well, I learned a lot in it, actually there is no end to learning or learning, thanks for the good post.

Thanks for the important info..👍

nice post @kevinwong

of course the advantage of actual paper is that it uses zero energy and lasts forever, it is only modern wood pulp paper that has a short lifespan, velum and hemp papers last for thousands of years when stored properly, bibles from 500 years ago can be handled and used.

thanks for sharing..i am a student of philosphy and we are studying both westren philosphy and muslim philosphy so this is of my intrest..i never knew there was a philosphy tag in steemit too..following you for future posts

The problem arises when we're looking at decentralization as a way to keep records or store value. If we're trying to build anything that represents value in the real world then we have to realize that in a growth-based economy our ability to create things as a species has been benefited in the past and present by our harnessing of various stored energy sources that we burn at terrifying rates.

The notional value of a currency then seeks to approximate the value of that expended or potential energy and the added value of the participants within the economic system, as we can see that economic growth roughly follows energy use in countries like the US and China. That doesn't mean that the energy cost of keeping track of that should be high (the energy footprint of digital dollars or yuan isn't that much, for example) but people do like it when currencies are pegged roughly to energy because energy is a force multiplier that can estimate what an economy can produce.

I very much agree that if our future is to not be imperiled even further we need to build sustainable economies, not be so fixated on immediate returns on investment and find ways of living that leave something to those who will come after us. I appreciate your post, and I hope people actually take it to heart that we as a society need to seek less energy-intensive ways of living and managing our affairs.

Also I know it's too early to tell but Raiblocks seems to be leaping ahead of Iota, and it's probable that Iota will have problems trying to get its coin to do what it purportedly wants to solve, at least on low-powered devices.

E-ink sounds like a smart and responsible alternative for both customers and the environment. It amazes me how quickly we are moving and advancing. It sill certainly help reduced the technology landfill out there. Thanks.

whoa.. this is something new I just got to know of. Like the idea of having a dual screen for different usage, and best of all it's on a low power consumption with renewable energy.

OhHhH awesome technology! :) I had no idea, I learn something new every time I visit your blog.

Very interesting your publication, you have to be up to date with the technology

The technology used in E-paper is so awesome. Anything with solar sounds good in my ears. Renewable energy is the future.

Didn't know that could be such savings and benefit using E-Paper verse LED. Thanks for the great content. Looking forward to more.

Riview yang bagus, saya menantikan yang selanjutnya

this is aesome i think i should gat this .. like i was thinking for change i think its the right answer i am on it thanks for posting

  ·  7 years ago (edited)

E ink saves more power when compaired to LEDs because when it is in its Idol state it doesn't consume power unlike LEDs, they have to be constantly fed with power for them to be on even in their idol state. Am not a crypto lord but I did enjoy the video and I think am going to be using E ink for my next electronic project. Thanks for sharing it really has helped me. Thanks for sharing

thanks for shere with us this inportent thinking .....wish you best of luck ....keep it up man

its really very nice post.it also helpful and learnable for me.thank you for sharing with us.. So wow

Seems Amazon Kindle will be facilitating the next Alexa coin lol.

/@kevinwong/ good news thak t
you

Slow down world, I’m falling behind. I’m am old man. Can I put that E-ink in my fountain pen, does that phone come with a rotary dial?

wow! didnt know how such technology works until you post this up. didnt bother to find out but your post is interesting! ok at least I learnt something new today!

I see it for the first time. Thank you for showing me this.

Quite Interesting, Your way of writing always consists of some logical points with full research.

If we're to imagine societies that run on many layers of community protocols all around the world, practising the philosophy of E-paperism on cryptocurrencies seem to make the most sense, at least to me.

Great piece of writing & Really informative indeed

Keep sharing such deep Philosophies @kevinwong

Stay Blessed, Steem On!

@kevinwong This is great video and professional work
##Upvote/Resteem###

it is really very incredible post. wow

And i thought OLED is the only future left

@kevinwong agreed. Love the analogy put to e-readers, but it's true.
The fact that more and more (given the means) would adopt a Tesla over conventional cars show that people will opt for the more efficient (to save cost) and cleaner use of energy (for the ones who care about the environment). The thing about cypto is - coolness (some people buy Tesla's because it's cool) doesn't matter nearly as much as the speed of remittance and transaction fees. The more efficient the system, the wider the long term use case, and eventually the better store of value it will be.

Wow, If it has a extra device for the product to my phone , it will be better, sometimes i use my phone to read novel or Facebook article, It harms my eye, if the product come into Malaysia, I should probably get 1. Thanks for sharing, mate, Good Stuff

Nice post,

I read a lot of stuff daily so it will be amazing to have something like E-paper.

It's interesting, is there any blend to learn it deeply, if there is a show to us. sometimes I feel deeply in depth but I do not know where to start from ??

Those displays has been there bro for long but doesn't seems to be going mainstream

I want a portable drawing tablet with e-ink technology. But i think the reaction time of the display is still to low yet :/

my vote yes

E-ink display is very useful for day long operation to operate on the current traditional one doesn't seems to be fulfilling the requirements

E-ink thing is not bad, but I want wireless VR glasses that can connect to my watch with a holographic keyboard. And invisible rocket launcher!

power conservation is the next big step in this field

Iota is a brand new and novel micro-transaction cryptotoken optimized for the Internet-of-Things (IoT). Unlike the complex and heavy blockchains of Bitcoin and the like, which were designed with other uses in mind, Iota is created to be as lightweight as possible, hence the name "Iota" with emphasis on the ‘IoT’ part.

The number of connected devices that will permeate our modern landscape in the coming decade is estimated to be 50 billion(!) Each of these are designed to make the world a better and more seamless place for us. Tied to this fantastic promise are of course a ton of obstacles to be overcome, of which one major one is micro-transactions. These connected IoT devices must be able to automatically pay miniscule amounts to one another in a frictionless manner without having to compromise on product design by introducing additional hardware. This is why Iota was conceived.

While it was developed as a solution to scalability issues faced in IoT, the underlying protocol is agnostic and can be applied in any other use-cases that utilize micro-transactions.

In order to achieve these audacious goals Iota’s design diverged radically from blockchain cryptocurrencies. It still retains the core principle ideas of the distributed consensus blockchain, but in order to be able to scale to the size of the coming Internet-of-Things ecosystem with tens of billions of devices that are connected to each other, it needed to be very lightweight and efficient. This problem is solved by Iota’s core innovation: the tangle.

This e-ink screen looks really good. The screens on mobile phones and tablets eat the battery, e-ink may solve all of those problems I have with them.

I had never even heard of E paper before I read that, off to do some research on it now, cheers.

Yesteraday i analyze eos bought at $9 next target $20
check my profile for more detail
EOS will break $12 next target $20

E-paper displays are great for some things. I love reading on my e-reader and I wouldn't want to do that on my smartphone or tablet. Still, I wouldn't browse social media on an e-paper display as I'm really into photography and for not black and white e-paper simply can't do it justice. But I remember there were talks of making color e-paper and if society made that a priority that could be really nice sleek and efficient technology.

My e-reader has a browser, but the software is pretty bad, but I can totally imagine reading posts on steemit on one if the software was better.

I believe that efficient power conaumption needs to be a part of our choices now. Not i ly does having low power electronic devices prove best for the environment but it also eases the difficulty of having to charge up all the time. I love your reviews. Hope to read more from you

e-paper ink would be SO much easier on the eyes on large monitors.

nice product tour of E-Ink. Glad to know about power eifficient gadget. it only used power when in changing state. it doesn't consume power in static state. very cool news for people like who alway complain about low battery power of their cell phone. nice post @kevinwong Thanks for the intro

Great post, I agree totally

this is my 1st time i read about them..thanks to you now i know something about them :)

I was interested to buy this product, YotaPhone. But then, because my finances were not good at the time, I locked my intentions.
This is a great selling idea @kevinwong, because it will save electric energy.
Long time has not reprimand you @kevinwong, I just got back from the old vacuum: @doktormuslem.

A problem-solving creature is a dynamic creature.
If anybody that will evolve to another superior human being, that would be the problem-solving creature.
Worth following.
Thank you for the knowledge.

Great points. I like that you see also the bigger picture.

Thankyou for the sharing..good content👏👏👏..and i am sure that new techology will coming soon..

This is eye-opening for me. I am biochemist student so not so many tech knowledge so this something new to me. I heard about via teammalaysia and know you are humble yet great in personalities. Will learn more from you.

Light emitting diodes on mobile phones.

Thank you for sharing. I have to admit, I need to read your post several times to understand because I don't have basic knowledge about what you were writing. But I wanted to learn. @bitrocker2020 put a good word about you and that I can learn something new. Especially cryptocurrency from you.
Thank you for all the support given. Really appreciate it.
Cheers.

Good, i follow and upvote u!

Best store of value I know of today, is Steem Power.

  ·  7 years ago Reveal Comment