Bitcoins Will Change the Power Dynamics of the World
Power Dynamics are comprised of three elements - Authority, Information & Money. The three elements of power dynamics just mentioned are often interrelated. Achieving any one of the three brings the other two closer. The President has authority. The Governments have information. Google has information and hence money. Richard Branson and Mark Cuban have money, hence authority. It is often interesting to see the world through the power dynamics lens. For the reader willing to develop the skill of Power Spotting, here is a video I recommend. The power dynamics have been institutionalised,....
Related News
The facility owner Dynamics Mining publicly took to Twitter to share the letter terminating its hosting agreement with Compass Mining, saying it had unpaid bills. Bitcoin (BTC) mining hardware and hosting company Compass Mining has lost one of its Maine-based hosting facilities after the owner, Dynamics Mining, terminated the hosting agreement between the two, claiming Compass failed to pay the required bills.Dynamics posted on Twitter late on June 26 a letter it sent to Compass Mining which stated as of June 14th, the hosting contract between the two was terminated. Dynamics alleged....
As the dynamics of the operation become more difficult, the scene of Bitcoin mining is shifting. The extraordinary levels of network hashrate are causing miners to see a significant change in profitability even with Bitcoin’s almost record trading values. This evolution is tightening the margins for miners and raising questions over the future dynamics of […]
A lot of attention has been focused in recent years on the energy and carbon footprint of the internet. The giant server farms that drive the world's web activities need to get their power from somewhere and - as environmental groups frequently point out - that power still tends to come from sources like coal-fired power plants. Compared to the mighty impacts of Google and Facebook, among others, you might think that bitcoin mining creates little more than a blip in global carbon emissions. However, as stats from blockchain.info show, bitcoin mining over a 24-hour period can currently....
What do the futures perpetual funding rate and long-term holder position change tell us about the bitcoin price?
While the price of bitcoin surged more than 16% between 11th and 12th June, the exact reason for the increase remains a matter of debate. As reported yesterday, market observers have pegged the rally on a wide range of potential inciting factors, including concerns about China's economic strength, fears of a potential UK exit from the European Union and anticipation surrounding 'the halving' – an upcoming change to the bitcoin network that will find bitcoin miners receiving fewer bitcoins in exchange for transaction processing services. But the variety of responses would seem to point to....