Instead, Hollywood has given us Crypto, a product of headier times, when the Bitcoin bubble still held air. It’s that sort of thing that makes Crypto, while thoughtful about cryptocurrency, a mess of a movie.
A spokesperson for Linzhi, in an email to WIRED, called it a move to “counter Chinese supremacy in crypto.” But many critiques have centered on Minehan herself, focusing on her experience working with GPU makers and alleging that she had been paid to develop the algorithm.
It comes in advance of a resolution that would commit the Missoula area to 100 percent clean electricity by 2030.“We looked at the potential for new bitcoin mining and saw that we’re never going to meet these goals if mining happens in the way it’s been happening,” says Josh Slotnick, who sits on the board of commissioners.
With a centralized approach, Facebook could sidestep the sluggishness and high costs of decentralized blockchains, like Bitcoin, and keep an eye on nefarious uses of its coin.
It’s approaching midnight as hundreds of anarchists gather at the edge of the surf at a beach in Acapulco, Mexico. Berwick's wife, Kena, is an Acapulco native with deep ties in a city of 800,000 people that locals say feels like a small town.
(At the time, my reporting appeared in the business section of a national newspaper, but as should be obvious by now I didn’t have much of a knack for business or dystopian fantasy.) If you think companies like Facebook and Google are about manipulating the public to make money without concern about the damage done to society, then the bitcoin story should be your ur-text.
Nationwide Bomb Threats Look Like a New Spin on an Old Bitcoin ScamEduardo Munoz Alvarez/Getty ImagesIn offices and universities all across the country Thursday, the same threat appeared in email inboxes: Pay $20,000 worth of bitcoin, or a bomb will detonate in your building.
Why Bitcoin Is Plunging (This Time)HotlittlepotatoThe price of bitcoin dropped another 10 percent Tuesday, extending a decline that has sent the virtual currency down 33 percent in the past month and 46 percent in the past year.Boom and bust cycles are par for the course for bitcoin.
Bitcoin is dominated by a small cadre of investors, and “mining” new coins is so expensive and electricity-draining that only large institutions can participate; Facebook’s advertising system is exploited by foreign governments and other malevolent political actors who have had free rein to spread disinformation and discord; and Google’s informal structure allows leaders to believe they can act in secret to dispense with credible accusations of harassment.In Freeman’s unstinting language, this rhetoric of openness “becomes a smokescreen for the strong or the lucky to establish unquestioned hegemony over others.”Because “Tyranny” explains how things work, as opposed to how people say things work, it has become a touchstone for social critics of all stripes.
His calculations of how much energy—and planet-warming carbon emissions—the top four cryptocurrencies might be responsible for appears in an article in the journal Nature Sustainability today, joining a growing canon of peer-reviewed and rigorous work trying to put numbers to a problem the cryptocurrency world has been grappling with for years: How much energy blockchain-powered currencies consume, and how much does the answer matter?Whoever Satoshi Nakamoto is, the genius of his, her, or their idea for bitcoin—published almost exactly a decade ago—was in solving the key problem with digital currency: You can generate more by just copy-pasting.