Why Suncontract is a bad investment

Their white paper is just an article from Bloomberg reshuffled. I mean come on, maybe that’s what they are teaching you in business school but the real world is bit more complex than that. I have been working in the electricity business for 10 years and it’s one of the most complex (if not the most complex) human made machinery. You are not going to disrupt electricity market by offering a solution for P2P electricity exchange.

In their video they are showing some happy guy selling their solar energy to some other happy guy. Well it turns out that in the “real world” everybody is willing to sell their solar energy at the same time when the sun shines and there is no buyer for it! And when the sun doesn’t shine everybody wants to buy and nobody wants to sell except the dirty old fuel plants, you know the ones everybody criticises and wants to shut down!

Overall this project is full of buzzwords around renewable energy and cryptocurrency but no concrete solution behind it.

So be warned.