NYT, after an 18‑month investigation, reported “Adam Back is the Bitcoin founder.”
https://t.co/r00zmmgZEj https://t.co/LDnJgiJ0DQ
NYT, after an 18‑month investigation, reported “Adam Back is the Bitcoin founder.”
https://t.co/r00zmmgZEj https://t.co/LDnJgiJ0DQ
Hard Truths
Bitmain controls roughly 80% of the global ASIC mining market.
@SummerMeng21 says catching up is almost impossible, not just because of capital, but because you need production capacity, a proven track record, and the market's trust before anyone will risk being first to buy your machines.
Intel tried.
Samsung considered it.
Neither followed through.
The business is harder than it looks.
Bitcoin Takeover S17E16 with Summer Meng.
In case you missed it, we released another episode on Thursday.
@SummerMeng21/ Summer Meng CEO at the world's largest ASIC miner supplier @BitmarsGroup is the guest. For this reason and her regal bearing, she is often referred to as "the ASIC Queen"👑
In our episode we chat about ASIC distribution and mining ecosystem growth, underscoring her role in bridging manufacturers with global operators.
Topics touched on and many others
👑Bitcoin Mining in China
👑AI Pivot and Second-Hand ASIC Market
👑Mining Use Cases Beyond Profit
👑Demand for Non-Bitcoin Miners
👑ASIC Manufacturers Using Miners Before Sale
Thinking of getting non KYC Bitcoin through mining, this one is for you!!!
https://t.co/xkwQNuqdu6
🇺🇸 The SEC admits:
❌ some unnecessary crypto actions
⚖️ misinterpreted laws
👉 major shift under Paul Atkins
🔗 https://t.co/pcT9TbxSGG
#Crypto #SEC #Regulation #Markets https://t.co/ehIi7GqDmq
Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.