The Competition For Bitcoiners Between Nation-States Is Heating Up
As countries compete to attract well-heeled Bitcoiners, the orange wave appears increasingly seductive.This is an opinion editorial by Nazar Taras, head of content and partnerships PowerInside.You want to pay your taxes in Colorado with bitcoin? No problem. You want to buy a beach property in El Salvador with bitcoin? Come on over. You want to send money abroad without paying banks’ high fees? There is an app for that, and your grandma will instantly have the money in her bitcoin wallet. At the Bitcoin Amsterdam conference this month, government representatives took center stage,....
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A harsh winter looms ahead, and a creative New Yorker has found a brilliant solution to mounting heating costs: fill your place with ASICs and start mining Bitcoin. Perhaps you won't become the next Bitcoin millionaire, but you will certainly save a lot of money on heating. The blogger analyzes the cost of all options for heating - natural gas, oil and electricity - and concludes that electricity is the worst of the three options. But sometimes electricity is the only heating source available, because some apartments are only equipped for electricity. Therefore, it's important to find ways....
Apparently, the competition in the Blockchain business industry is heating up. Goldman Sachs, one of the original members of R3 Consortium, and Banco Santander announced that they will no longer continue exploring the potential of Blockchain technology as members of the consortium. Reasons for the firm’s decision to discontinue their connections with R3 Consortium remain unclear, as well as whether these decisions are somehow connected. Kristian Gårder, a representative from Nordic R3 member SEB, says: “Members will obviously worry if some R3 members seek patents that we have discussed....
Bitcoiners have been using the excess heat produced by their mining rigs to stay warm this season. Bitcoiners mining cryptocurrency at home this winter have been staving off freezing temperatures by putting them to good use as heaters. According to the Wall Street Journal, crypto miners in France and the United States report their overall heating costs have dropped — even if the temperature in their homes often gets far above what they’d prefer. Thomas Smith, a photographer based in California, has been using mining rigs to heat his home since at least 2019. He’s also been exploring some....
Like the printing press before them, the internet and Bitcoin’s blockchain innovation are irrevocable forces driving the end of nation-state power.
A conversation about Bitcoin’s ecological footprint, why Bitcoin is such a big organism and the shift from individual to nation-state adoption.