The founder of Digiconomist, Alex de Vries, predicts that, in the long run, the cost of mining a Bitcoin will rise to the price of a Bitcoin. de Vries was referring to economic theory, which states competition will drive profits down over time.de Vries, whose website studies the consequences of digital trends from an economic perspective, says, under this scenario, competitive … [Read more...] about Economist claims a $500,000 Bitcoin would be disastrous for CO2 emissions
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LBRY fires back at SEC over ‘aggressive and disastrous’ securities complaint
Blockchain company LBRY, Inc. has hit back at the Securities and Exchange Commission, saying a complaint filed against it threatens much of the crypto industry because it would define most tokens as securities. The SEC has been looking into the blockchain-based publishing platform LBRY, Inc. as part of a three-year investigation that started in May 2018.According to the … [Read more...] about LBRY fires back at SEC over ‘aggressive and disastrous’ securities complaint