This is a race between world powers now. Whoever controls mining will control the next 100 years of finance. The race to the moon will pale in comparison
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This is a race between world powers now. Whoever controls mining will control the next 100 years of finance. The race to the moon will pale in comparison
the thing is, everyone is trying to be the "world power". we will see a lot of countries competing with each other. This will bring decentralization into the world of finance. It´s still sad to see that china is having control of almost every Bitcoin mining facility. Hopefully this will change.
A russian Putin minion is investing 100 million in Bitcoin mining facilities. McAfee is investing too in Washington state, the race is on.
Yes. Even in a decentralized arena, there is a way to centralize part of the process. Mining seems to be the ticket where, with enough horsepower, one can simply overpower everyone else.
I didn't even think about this. how long before the govt will start mining?
They already are mining in Russia and North Korea, that we know of...
The Russians are also well known hackers....I wouldnt be surprised if they are involved in cleaning out wallets around the world. Perhaps they were behind Mt Gox? Some of the other things dont make the mainstream news?
Absolutely! I agree, let's se who arrives first.
China is on the lead so far, that we know of... If Satoshi's coins are in the CIA's hands they are miles ahead
McAfee is working with Chinese too...he is adding security to their systems that, in his view, other miners around the world dont have.
For sure, and good analogy. I think a lot of people are focusing on which coin will make it. But I think you're going to see State or Bank controlled coins like the Utility Settlement coin that 10 of the Largest banks are collaborating on or rumors of Russian or China creating a state coin.
Only time will tell, but exciting times!