cc: @MetaMask

I’m a European citizen. I’m not a proud one today. When I was growing up I was told that the strongest economy the smartest people and the most innovative people were European. While that might have been true for the 20th century, it sure isn’t true for the 21st century. Every step of the way Europe gets left behind other nations, and not just a little bit. Change has to happen, deregulation has to happen, and innovation must be coming back to Europe if we want to stay relevant. I don’t think being leaders of anything is going to be possible, I’m just asking to be able to stay relevant. Energy is the most important factor when it comes to economic growth. Without energy growth will halt. As we are progressing towards a new age of energy consumer mammoth, the most important question that every nation should be asking themselves is how can we: - improve our energy output - improve efficiency how we move energy around - improve our energy storage - reduce the amount of time it takes to do all the steps above There is no silver bullet for high output, low cost energy. I believe the biggest blockers currently in the European energy sector is the insane amount of regulation that corporations have to jump through just to be able to become energy providers or consumers. “Feasibility studies” should take hours instead of months. Communication across the globe takes milliseconds, why is the feasibility of whether a new 5-50MW power plant can come online is not obvious right away. If you need to add new lines to make it happen, then let the investor company know and who knows you might actually get helped out. But it shouldn’t take months just to find out that something is or isn’t possible. Countries should commercialize the energy grids and let corporations operate the grid, while let governments oversee fair trade. Allow small businesses to install battery solution, introduce tax breaks if need to, to further stabilize the grid. Push for reforms where solar parks are encouraged to store their power for peaks and not feed back to the grid when demand is low. Currently it takes 6 months to 1 year - 400 pages of regulatory BS - to install a battery backup to an existing 0.5MW solar park in Hungary. This is behind the meter, no grid effect (other than benefit). Plan+execution of given battery takes about a week. While I write this post, in China another 0.5/1MWh capacity has just been installed (estimated to about 200MW/400MWh being installed every single day) This is the reality we are up against. You want cheap electricity and stable grid but the cost of doing business in terms of bureaucracy overhead kills every new startup idea and innovation. I’m calling out every nation in europe to: - Increase AC capacity like it’s the industrial revolution. Install new capacity like there is no tomorrow. - Increase transformer capacity at all your substations. If it’s maxed out, build new ones. - Reduce the overhead in regulation for every small project. Cut down response times from 6mo to 6 days at most. If the architecture plan and execution can be done in under a week, paper pushing shouldn’t take that long. - Don’t make people go to 15 different governmental regulation body for paperwork. Energy sector should be handled by a corporation, not by government. It’s in this corporation’s best interest to improve the quality of services it can provide. Adding a new service is in the best interest of the grid operator, as it will help balance the load or help generate revenue. - Adding new producer capacity should be easy. - Buying from existing capacity should also be just as easy. Innovation has left Europe, we are playing catch up to giants. Let’s at least try to stay relevant. @euaccofficial

Gotta catch all cat programmers at the #API3 booth in Istanbul. #DevconnectIST @samcmAU @skylenet

Holesky chain launched, and now finalizing. After the first few epochs, most of the validator groups are now online and validating! ~78% participation rate right now. Huge thanks for all the teams dedicating massive amount of resources to get this chain up and running!