How Bitcoin is becoming resistance money and a national security concern

In a little over 10 years, Bitcoin (BTC) went from being a small cypherpunk community (pro-cypherpunk activists) to a national security issue with big geopolitical implications.

On the Unitize panel entitled „From Bitcoin to Fedcoin: The Next Decade of Digital Money“, Meltem Demirors, CSO of CoinShares, and moderated by Andy Bromberg, president of CoinList, who in fact spent very little time talking about Fedcoin and digital currencies issued by central banks (CDBC) in general.

A passage on how Blockchain technology is applied in Latin America

Instead, they focused largely on the implications of a changing geopolitical landscape, where Bitcoin will play a role in the coming war for dominance of technology, while at the same time acting as a key factor in digitally „escaping“ government control.

Bringing Bitcoin Mining to the United States
Demirors pointed to a major shift in global power dynamics that began to occur during the last few years. He described this shift as an emerging narrative that focuses on the importance of „computing and connectivity in the context of cyber security and national defense.

He cited some benchmarks of this phenomenon, such as Amazon Web Services becoming the largest defense contractor, or how Huawei was accused of jeopardizing the national security of the United States. Meltem believes that all these points were politically motivated, as the United States „has expressed concern about allowing foreign governments to participate in building the country’s infrastructure.

Stablecoin launched by Coinbase and Circle exceeds $1 billion in market capitalization

In addition, semiconductor companies such as Intel and TSMC have begun to look at ways to bring „onshore“ production back to the United States or to their respective countries. The same is likely to happen in the case of Bitcoin mining:

„I think in about five years, it would be very likely that 40% of Bitcoin mining, if not more, will be in the United States. It is very likely that governments will see the large crypto-currency networks as part of their national security strategy.

Bitcoin as resistance money
Talking about stablecoins and especially about digital coins issued by governments, Demirors believes they are in a completely different category than Bitcoin:

„I think what we’re seeing right now, is that people are adapting to the idea and trying to implement it in different ways. CDBC has absolutely nothing to do with Bitcoin. They are authentic.

In his opinion, saying that these systems are based on blockchain could be part of a deliberate misrepresentation since the propaganda „is beginning to reach this industry.

For the director of CTF Capital, there could be a correction in the price of Bitcoin in July and August

But at the same time, both Demirors and Bromberg pointed out that CBDs could be an improvement over the existing trust infrastructure. He added:

„I think different needs require different tools. At the end of the day, Bitcoin and all these other cryptosystems, digital fiat and those other projects, are just the tools we’re trying to use to solve our problems.

According to his opinion, the problem that Bitcoin Revolution solves is „the choice of a money system. People who may not be satisfied with the way the system works have few options to defend themselves, and while dollar-based currencies may solve some of those problems, they don’t solve the problems of „financial censorship, financial control and the fundamental lack of privacy.

For her, Bitcoin is, „the horse at the head“ for becoming a form of resistance money.

Therefore, paradoxically, Bitcoin can be seen as a matter of national security and a way to escape it.

Bitcoin Hash-rate stupte til ‚All-time High‘ etter to måneders halvering

Bitcoin har vært vitne til den hittil høyeste hasjfrekvensen til nå, nesten to måneder av bitcoin-halveringshendelsen.

Hashfrekvensen hoppet 9,89 prosent fra forrige rekord med 124 TH / s.

Veksten i hashfrekvensen indikerer at mange fortsatt tror på dens verdi og snart kan prisene også stige opp

Omtrent etter to måneder etter ‚Bitcoin halvingHvis begivenheten der, belønningene ble redusert fra 12,5 BTC til 6,25 BTC, har det ikke påvirket Bitcoin-hashfrekvensen. Hash-rate refererer til antall personer som gruver Bitcoin Code, og derfor kan vi si at jo flere som gruver Bitcoin, desto mer tror de på verdien.

I henhold til rapportene fra blockchain.com har Bitcoin-hashfrekvensen nådd nesten 124 TH / s, som er en rekordhøyde oppnådd i disse dager. Coinpedia har rapportert om mangeAltcoins som forventes å gi god avkastning i år, og for tiden er vi også vitne til en enorm bølge i Norge pris på Chainlink.

Imidlertid har ikke populariteten til Bitcoin blant gruvearbeiderne halvert, likevel er fordelene halvert etter hendelsen. Og derav til og med falt 27 prosent etter halvering, har Bitcoin-hashfrekvensen klart å nå 124 TH per sekund.

Økning i Hash rate, hva betyr det?

I utgangspunktet er Hash Rate en måleenhet for prosessorkraft i Bitcoin-nettverket. Som nevnt over, for tiden har Bitcoin-hashfrekvensen nådd 124 TH / s, som betyr at Bitcoin-nettverket kan behandle 124 billioner transaksjoner per sekund.

En mulig årsak kan være å sette opp kostnadseffektivt og høyt produktivt gruveutstyr. For eksempel kunngjorde den kinesiske gruvedriftsgiganten Bitman nylig kjøp av 17 000 gruveenheter.

Nok et gruveselskap støttet av Peter Theil, ble Layer 1 nylig lansert som tar sikte på å kontrollere 30 prosent av kryptohashfrekvensen innen 2021.

Max Keizersa nylig i et intervju at ‚Bitcoin ville være Mona-Lisa fra det 21. århundre‘. Han spesifiserte også Bitcoin hasjrate-krigen, noe som kan føre til prisen påBitcoin til 500 000 dollar. Noen av kryptoentusiastene fant ikke noen vesentlig endring i denne økningen, ettersom de ikke så en stor endring i Bitcoin-prisene, som trender mellom $ 9100 til $ 9400.

Mens noen av brukerne vurderte andre altcoins som Link eller ADA som kan være grønnere for kryptoøkosystemet.

Kort sagt, voksende popularitet i Bitcoin er ikke en ny ting for noen kryptoelsker. Uansett, andre Altcoin reiser seg for å nå nye poster som ikke skader Bitcoin sin aktivitet.

Den stigende hasjfrekvensen kan være et forhåndsignal om vekst av Bitcoin-priser i stedet. Nylig berørte den $ 10K-merket og gled ned på kort tid. Vil den nå nye høyder etter økningen i hasjrater?