Here (
https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7
) is a proper requiem for Bitcoin, written by the insider:
...
Why has Bitcoin failed? It has failed because the community has failed.
What was meant to be a new, decentralized form of money that lacked
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apologize.
We're troubleshooting an issue that affects morlock's outgoing emails. -- mod
(tb)]
This concern also applies to other lowly workers in data mining
industries (which is really the only thing going on in
[This message should not go out to the nettime-l list, but if it does we
apologize.
We're troubleshooting an issue that affects morlock's outgoing emails. -- mod
(tb)]
This concern also applies to other lowly workers in data mining
industries (which is really the only thing going on in data
This concern also applies to other lowly workers in data mining
industries (which is really the only thing going on in data centers today.)
Colocations (one 'l') are cold, noisy, often locked down to the point
where one needs an escort to go pee, there are surveillance cameras all
around the
This info from the morlock & elloi and the previous poster raised the question
in my mind -- a question that is *not* facetious -- of the conditions that
Bitcoin miners are working under.
Bitcoin mining is currently reduced to less than 10 operators. There is
relatively small number of people
Quoth John Hopkins:
> I wonder, though, about the personal lives of the miners. Are
> they enjoying the fruits of their labor?, what are their daily
> living conditions?, what kinds of stresses are incurred by their
> activities?
Vice did an interesting short film about a bitcoin mine in China a
10 Bitcoin Myths
By Eduard de Jong, Geert Lovink and Patrice Riemens
"Pigs will fly, but not in the next 100 million years." Johan Sjerpstra
1. "Bitcoin is a peer-to-peer system."
In order to transfer value from one Bitcoin account to another, the
owner of bitcoins uses the services of a
Compared to the trust in traditional currencies, the trust in Bitcoin is
in the fanaticism end of the scale, due to the simple math - how much
does it cost to subvert a currency:
Traditional currencies, operated by the state-size actors, lose value
when the state's economy and the state
On 2015-11-30 11:06, nettime's_forgotten_password wrote:
>1. "Bitcoin is a peer-to-peer system."
It is. Anyone can (and should) run a full node. Doubly so if they're
concerned about centralisation.
>2. "Bitcoin does away with intermediaries and fees."
There are no necessary intermediaries in
