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,....
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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?
"Should I or should I not invest in bitcoins?" A question that bothers us all, especially when the price is going higher. The Bitcoin price has not exactly been the poster child for stability, however, and potential investors in Bitcoin have been skeptical about spending money on the sector, especially when there is frequent fluctuation in its value. It is not possible to control the price fluctuation, but one can definitely consider a few positive factors that may help them decide whether it is worth investing in bitcoins or not. When it comes to Bitcoin, there are a few hard truths which....