Price is the lure that drives capitalists to plug in miners and chase tokens to be liquidated for a slight profit (hopefully).
The narrative that persisted last year was that Bitcoin is boring, slow, and rudimentary while ICOs are the wave of the future, and the mania around this hot toy + narrative drove prices into irrational levels.
To me, the best path to fulfilling the dream of Bitcoin as a super decentralized GLOBAL system includes a (totally round) world in which we have plug and play hardware that serves multiple purposes like Francis' miner + furnace above. At the moment, these visions may seem like pipe dreams
Price is the lure that drives capitalists to plug in miners and chase tokens to be liquidated for a slight profit (hopefully).
The narrative that persisted last year was that Bitcoin is boring, slow, and rudimentary while ICOs are the wave of the future, and the mania around this hot toy + narrative drove prices into irrational levels.
To me, the best path to fulfilling the dream of Bitcoin as a super decentralized GLOBAL system includes a (totally round) world in which we have plug and play hardware that serves multiple purposes like Francis' miner + furnace above. At the moment, these visions may seem like pipe dreams
A couple weeks ago, in Issue #306, we discussed the first in a four-part series by our boy Laurent from OXT.me in which he described a new way we should measure the value secured by Proof of Work. In parts 2 & 3 of the series, Laurent jumps into
