RE: Crypto likely improves in 9 key areas during 2019 according to new research
When I initially read "9 key areas" I was expecting those areas to be much more diverse. This seems to be a very tunnel vision analysis generated by people who are accustomed to traditional finance. They are projecting their skills onto the blockchain.
There are so many variables when it comes to Bitcoin's value, but I guess we can all agree that things are looking up. We'll be fully out of the woods once Bitcoin breaks that lumbering resistance line that's been towering over us for the last year.
I think the most important variables are decentralization and privacy. Now that ASIC hash rates are not skyrocketing out of control this decentralizes hash power away from the producers of ASIC machines. They will be more inclined to sell the rigs than use them to make money.
I think the most overvalued variable is throughput and transactions per second. This stems from the last bull run and the outlandish fees.
Related to this, I also think it's a mistake to put tunnel vision on Bitcoin. The entire cryptoshere is connected. The weaknesses of Bitcoin are complimented by other projects and vice versa.
Very well said. I agree. Though, on the "more decentralized" part, I actually think the lower prices are likely going to centralizing mining activities... no?
I believe the key to decentralizing POW is to use the heat generated for other purposes. ASIC machines in a factory can't use that heat. ASIC machines in a residence can provide heat and generate revenue at the same time.
This way even if the cost of mining is greater than the reward people are still going to mine because they were going to use that heat anyway.
This would create a situation where the decentralized mining in residences could massively undercut ASIC machines in a warehouse, vastly increasing decentralization.
You don't think that heat generated in a warehouse could also feasibly be funneled in a way to be useful as well?
AFAIK, the only profitable mining farms in the Netherlands are attached to greenhouses, which would otherwise burn gas for heating.
On a global scale, the cheapest energy is in remote mountainous areas that have hydro power but little industry or population. So there would be little demand for heat there.
Eh, not really. Who pays for heat? The vast majority of people paying to heat air are homeowners.