Spitfire List Web site and blog of anti-fascist researcher and radio personality Dave Emory.
The tag 'selfish mining' is associated with 1 posts.

The Big Bitcoin Bet, Part 2: Big Money to Buy Bitcoin, and Other Bad Ideas

2014 could have been bet­ter for Bit­coin. After peak­ing near $1100 in Decem­ber 2013, Bit­coin is cur­rent­ly under $250. 2014 was not a good year for Bit­coin.

But that does­n’t mean 2015 has to be the same. And if a slew of recent announce­ment involv­ing some very big investors are any indi­ca­tion of what to expect, the main­stream­ing Bit­coin is about to get a big boost. But that boost could come with a big price too. All those “micro­trans­ac­tions” of as lit­tle as 0.000000001 of one bit­coin (BTC) that much of the Bit­coin com­mu­ni­ty hates so much is pre­cise­ly what these deep pock­et­ed inter­ests are plan­ning on pro­mot­ing in a big way. And in order to make it all hap­pen, they might have to become some of the biggest bit­coin min­ers around too. And that means the future of Bit­coin is increas­ing in the hands of ‘The Man’. Also, the micro­trans­ac­tions might be used to mon­e­tize how we access the web. And how the Inter­net of Things spies on us. It does­n’t actu­al­ly sound very fun.