You Don’t Have To Worry About Bitcoin’s Reliance On Utilities
Imagine what life would be like if there were no electricity or communications networks available. How many days of food do you have at your house? How much cash do you have on hand? Can you go out to try to buy up what’s left at the stores that still have their doors open? What else would you be worried about? What would you prioritize? What would you want to make sure you had on hand to survive indefinitely in a world without electricity and communications networks? What would you do if the world were suddenly knocked back hundreds of years? Fortunately, this scenario that I have....
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Reliance Jio is just another 4G network in just another country, but that country happens to be India. A land of one billion plus people. Jio is an offering by Mukesh Ambani of the Reliance Group, and the son of Dhirubhai Ambani, a successful businessman who is legendary in India for his rags-to-riches story. What is Jio and why does it matter? Reliance Jio is a pan-India 4G network which offers both data and voice services. Although there are many companies who offer similar services in India, there is no one who has the reach and the potential that Reliance has. Reliance Jio was the....
Working in the Bitcoin world is like working for a drug addict with bipolar disorder. There are brief periods of astonishing, irrational exuberance followed by long periods of deep existential dread over basically nothing. During the good times, nothing can damage Bitcoin’s spirit. But for most of the time, bitcoiners are a bunch of namby-pamby worry-warts who wet their pants over everything. The Bitcoin world is neurotic in the way that fear dominates it. If there is not enough merchant adoption to satisfy them, they worry about hoarding and a liquidity crunch. If there is too much, they....
But there is more, as “heavy users’ will pay even less money per gigabyte. In fact, Reliance Jio will charge half of the price per GB used. Mobile internet connectivity is quickly becoming the new norm in developing countries. Rather than relying on more expensive fibre connections, mobile data plans are a great way to stay connected to the world. Over in India, Reliance Industries have come up with a new data tariff. Prices will drop well below US$1 per GB, which may boost the number of Bitcoin users in the country to new heights. Reliance Industries has a clear mission for the future of....
Bitcoin’s unique properties of electricity usage and heat generation bring new frontiers to building design.
As a project in Northern Sweden shows, Bitcoin’s reliance on energy consumption could bring a more sustainable future.