Iran Understands that only #Bitcoin can get them to economic sovereignty quickly and efficiently in a way that would be impossible with Gold.
Let the global hash wars begin
Higher hash rate
Higher security
More safe haven capital
$400,00 a lock
https://t.co/uYIsFOe13E
Global Hash Wars are starting
Venezuela joins Iran openly trying to grab some global hash rate
Iran is at approx. 3% of global hash
I predict 🇻🇪 will get to 5% quickly
This macro game-theory was baked into the #BTC Genesis Block. The fact it only took 11 yrs is incredible
I’m increasingly of the belief that incentive design is the most important problem to work on. Humans are good at overcoming obstacles when they have reason to do so — the worst problems tend to be ones of cooperation, not technological or scientific understanding.
Excellent comment on the store-of-value argument, layered scaling and the bond market by /u/saibog38: https://t.co/DulEDauSE5
#storeofvalue#scaling#bitcoin
This is one of the most powerful arguments for PoS. You can have 100s of PoS chains, even with low coin cap that are still secure. But with PoW, you really can only have one chain per PoW algo that is highly secure.
#Honeywell Aerospaces rolls out major blockchain project:
"The aviation industry has huge potential for blockchain disruption due to the many players involved, who are often from different countries."
https://t.co/bUls4GI1fA
#blockchain#productauthentication
Surprising how little ETC fell today. Not sure everyone realized the significance of the attack. And could another successful reorg trigger a chain reaction? Would it cause a long overdue consolidation of the market?
ETC 51% attack - something we might see more often now? Lots of hash power idling, focus shifting away from smaller projects: Many non-major PoW blockchains seem vulnerable right now, which one is next?
#HashWars require a lot of resources, probably it’s a reason of the #cryptocrash market behavior. We just would like to remember JP Morgan’s strategy: “war is a great time to make money”.