Bountiful tasty morsels are dazzling and glaring, inviting the fish of the sea to party and feast, as the tasty morsels dwindling away and so the feeling, are too dwindling and shrinking away from the beasts, they swim away willingly in silent without protesting, only a lonely tyrant left standing all alone, not so intrigue, wondering why the party had ended even though he’s so towering, over the little beasts that were once drooling around his feet, “oh, this is definitely so lonely,” says the tyrant with a feeling, “perhaps, I should have been more angry,” while shuffling his feet.
Fastcompany.com just reported on how Ikea is experimenting with the marriage of solar energy and blockchain technology through SolarVille project. This SolarVille project is constructed in a way in which each homeowner’s excess solar energy in the whole solar grid (each home is connected to the whole grid) can be accounted and released into the market for gains through blockchain technology. I think this is a very interesting project since it could help counter the argument that cryptocurrencies are wasting energy by having people using a lot of energy to mine the crypto coins.
If you have read my blog posts a lot, you know I’m not a big fan of Bitcoin and other crypto coins/currency since I know that the governments of the world won’t allow unsanctioned crypto coins to thrive. Furthermore, anyone could just create unsanctioned crypto coins to further dilute and confuse the whole crypto coin market. Nonetheless, I’m very interested in the blockchain technology itself.
In my opinion, even though I don’t like Bitcoin and other cryptocurrencies for the various reasons I stated earlier and other reasons I haven’t stated in this blog post — I do think SolarVille project could shine some light on how people could create a similar project to gain excess energy from the sun so this energy could be used to mine for more cryptocurrencies. This way people cannot say that you waste energy to mine crypto currencies because the energy from the sun, theoretically, is endless. Technically though, you are still wasting energy to mine crypto coins, but at least you’re wasting energy in a very green manner.
What do I think about SolarVille project itself? I think it’s very cool! I mean if the whole city is being constructed into a solar farm grid like this, then families in this specific city will definitely spend less or actually gain monetary values through selling excess unused solar energy. This scenario could actually inject extra money into the whole economy out of nowhere and also create a new vein in the whole economy of a city.
What do I think about foldable phones? I think foldable phones don’t matter! Foldable phones remind me of flip phones back in time, but now instead of flipping a phone in style, we can unfold a phone into a tablet. Since foldable phones are so expensive, I guess using the tablet and unfoldable phone I already have will be just fine!
Although foldable phones are not that important, the 5G technology that gets to debut on these foldable phones is really important! Since 5G allows communication over the air almost instantaneously, and so this could allow innovations in the Internet of Things sector to thrive big time.
One company right now is leading the pack in term of 5G is of course none other than the Chinese giant, Huawei. Right now, Huawei is getting a lot of heat from the United States. Huawei’s CFO Meng Wanzhou, the daughter of the founder of Huawei, is being under house arrest in Canada in the behest of the United States’ extradition agreement with Canada. Furthermore, the United States is increasingly persuading other countries to not use Huawei’s 5G technology.
5G can be really useful for whatever purposes that demand faster wireless communication. I may not know what purposes would demand 5G the most, but I do know that 5G will be great for commercial purposes such as the Internet of Things devices. Furthermore, 5G will accelerate the use of driverless cars and other automated vehicles.
5G can allow driverless cars to see each other instantaneously and also communicate with smart roads and highways instantaneously. 4G technology is definitely too slow and less reliable than 5G when it comes to deploying the technology on a massive scale to allow crucial transit system to work in a smarter way. So I think 5G will definitely be a game changer in wireless communication.
Anyhow, I guess it’s going to be expensive to build a massive backbone system that could support the 5G wireless system. It seems though, this isn’t the problem for Huawei. Huawei seems to be able to deploy 5G network for various platforms in China already! For an example, a 5G network is now already up and running for Qingdao Port in Eastern China.
China is leading the way to deploy 5G network not only in China but across the world. Huawei is at the forefront of this 5G expansion from China. I’m not sure why the United States is really scared about how China is leading in 5G, but my guess is that whoever leads the 5G network deployment across the world gets to call the shot for making a standard for 5G chipsets and much more. This means big money and market cornering.
Since 5G technology will change how wireless communication permeates throughout the global economy, new and old markets could churn out a lot of new money for the global economy. For an example, driverless cars will become more reliable, encouraging people to spend more money on driverless cars. Dumb cars without the support of 5G technology might get left behind, collecting dust somewhere while driverless cars sell like hotcakes.
If Nio can improve the range of Nio cars’ batteries by a lot, then Nio’s battery swapping stations will make Nio cars the king of electric vehicle market! Right now, Nio plans to install more battery swapping stations across China! This means more Chinese Nio car owners will not have to wait for their cars to be charged up because battery swapping takes only around three to four minutes of wait time. Check out the video right after the break to see Nio’s battery swapping in action.
So, if Nio cars can run on a longer range battery, Nio car owners don’t have to visit battery swapping station that often. With less Nio cars to have battery swapped out in Nio’s battery swapping station, the less crowded the battery swapping station can be — meaning the atmosphere can be more relaxing and friendly!
This is why I think as long Nio can improve the battery range of Nio cars, the better prospect of a battery swapping station as the default mode for getting an EV onto the road could become. I think at the moment, battery swapping station is already superior to any charging station out there. This is why I think Tesla has got to watch out for Nio because Nio could make Tesla’s charging station a big negative for upcoming EV owners in China.
In the video right after the break, David Harvey said that it seems the Chinese will become the top dog of capitalism which would dictate how the future of capitalism would become. This is the first time I’ve heard of the man and so I don’t know much about him. Nonetheless, much of what he says in the video seems to make a lot of sense. Near the end of the video, he argues China, as a top dog capitalist, decides that the future of capitalism is all about Artificial Intelligence. Then he goes on to say that AI is all about removing the labor from the production process.
Let’s say that David Harvey is correct about how the Chinese will push the world to speed up the development of AI, then we have to ask ourselves how many more jobs we will see the world will lose? Furthermore, it’s not only in the United States that we will see people who are not going to be able to work to support themselves, but people of the whole world will experience the same dire situation! This means even if whoever in the United States decides to move across the sea to find a job won’t be able to do so! Basically, even if you have the mean and the will, you still won’t make it in a future where hardware and software will overtake human labors through AI developments!
Lyft has filed S-1 for IPO on March 18th of this year (2019). Since Lyft isn’t yet a public company, we can’t really know the true numbers of Lyft’s finance. Nevertheless, leaked information tells us that although Lyft revenues are increasing tremendously it is also losing a lot of money on operational and R&D costs. Leaked information may not be accurate at all, but if the information is accurate Lyft may have to struggle a lot before it can become a profitable company.
According to the information we have Lyft is operating at a loss of $911 million net loss in 2018. Net loss is very important because a net loss tells us that Lyft isn’t a profitable company yet. It seems Lyft’s revenues are not able to cover the operating and R&D costs. The general definition of a net loss is that a total of expenses is bigger than a total of revenues.
Nevertheless, Lyft seems to boost its revenues very fast! In 2016, Lyft’s revenues were totaled at $343 million, but if the information is correct in 2018 Lyft’s revenues are totaled at $2.2 billion. If one looks at this closer, it seems Lyft has a chance of making it if the revenues are going to continue to go through this positive, exploding trajectory for some time to come.
Lyft is considering to invest more in R&D in regards to rolling out a self-driving fleet. If Lyft can get behind a self-driving fleet enormously and get the technology to work for real, then I think Lyft has a big chance to cut costs tremendously. If revenues continue to pick up, eating away Uber’s market share, and cut costing measures are going to be effective — Lyft could very well become a profitable company.
Lyft and Uber are competing for the same market, and both of these companies are driving Taxis out of business. Since Lyft and Uber are able to do this to Taxis, we can tell that companies like Amazon, Google, and even the car rentals and car dealerships themselves could get into the same act as Lyft and Uber when self-driving becomes a reality. This could be a very crowded market, and if my intuition is accurate it could mean Lyft and Uber may have a very tough market to operate in as time goes on. So the profits/revenues Lyft is having now could very well dwindle in the future!
Self-driving will change how people commute in the future. Car dealerships can jump into the act of allowing people to hail for self-driving cars. Perhaps, people of the future will not buy cars as much since they can just hail for a self-driving car? Google and other big tech companies can also create apps to allow the sharing of self-driving cars like how we have bike-sharing now. This could mean companies like Google don’t have to own a fleet of self-driving cars to be in the business of self-driving car-hailing. It’s like people to people self-dealing business but using a futuristic app of a huge tech giant where the tech giant gets to keep a small portion of the profit.
In summary and in truth, I’m not very sure if Lyft could be a good investment or not. Leaked info tells us that the company got a good chance of becoming profitable since the revenues keep on exploding to the positive territory — but the company has to be able to keep the operating and R&D costs down eventually! Nevertheless, the market which Lyft is operating in is possibly getting very crowded because of the self-driving car technology. If by the time the market gets so crowded and yet Lyft isn’t becoming profitable, then Lyft could find itself in a world of hurt! Personally, if I ever want to invest in Lyft, I won’t make it as one of my long term investments! If I ever invest in Lyft, I may have to watch out for the actions of other companies in the car-hailing market very closely. I may also have to watch out for new players that could enter the car-hailing market because new players could dilute the profitability of car-hailing market.