The biggest threat to bitcoin isn't quantum, but cheap room-temperature superconductors. And nobody is talking about them. 
Why? A large part of the #Bitcoin network's value proposition hinges on one fact:
Energy transfer and storage is inefficient.
Mining creates a sink for this stranded energy - if LTSC's revolutionize energy grids, the energy arbitrage miners profit off is significantly reduced.
Energy transfer and storage is inefficient.
Mining creates a sink for this stranded energy - if LTSC's revolutionize energy grids, the energy arbitrage miners profit off is significantly reduced.
LTSC's also promise a new generation of ASICs: significantly higher hashpower at the fraction of the energy costs, with minimal waste-heat. These machines make home-mining and their use in small-businesses and use of that heat obsolete.
This increases centralization of mining and a few large players - or even one - controlling the game.
Eerily similar to how the web 2.0 and the emergence of cloud services centralized the internet and made self-hosting a niche for enthusiasts and special applications.
Eerily similar to how the web 2.0 and the emergence of cloud services centralized the internet and made self-hosting a niche for enthusiasts and special applications.
Will this be the end of Bitcoin? No.
But it will disrupt it- more than the CPU->GPU->ASIC transitions.
Mining will become a thing nation-states do to secure their operations in cyberspace, with enthusiasts and small businesses getting an even smaller slice of the pie than today.
But it will disrupt it- more than the CPU->GPU->ASIC transitions.
Mining will become a thing nation-states do to secure their operations in cyberspace, with enthusiasts and small businesses getting an even smaller slice of the pie than today.
What has the potential to mitigate it?
Space - the final frontier.
You can't burrow cables in space, and stranded energy will become a huge issue again - especially for larger scale space industry - and their mining operations will rival even nation states.
What do you think?
Space - the final frontier.
You can't burrow cables in space, and stranded energy will become a huge issue again - especially for larger scale space industry - and their mining operations will rival even nation states.
What do you think?
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