Why this is futile, irrelevant and simply won’t happen — This research was sponsored by Luno, a platform that allows users to buy, save and manage cryptocurrencies. Earlier this year, a proposal was put forward to the European Parliament to ban all “proof-of-work” (POW) mining in the European Union (EU). While it was ultimately rejected in a fairly routine and…

(And perhaps that’s still too many) — This research was sponsored by Luno, a platform that allows users to buy, save and manage cryptocurrencies. Earlier this year, Quantum Economics commissioned some custom research through 3Gem about the status of bitcoin and other cryptocurrencies in the U.K. The results made for some compelling reading. A thousand respondents of…

Turns out bitcoin mining can solve our energy concerns rather than contribute to them — This research was sponsored by Luno, a platform that allows users to buy, save and manage cryptocurrencies. Bitcoin makes no apology for the power it consumes. It is, in fact, a feature rather than a bug. The proof-of-work (POW) algorithm that bitcoin uses is designed to solidify the concept of…

What will he do now that there are now no winning scenarios left on the table? — When the news first came in that Russian forces had invaded Ukraine, I, like many people, had a range of emotions. More than anything else though, I was angry. Really angry. While it’s true that we humans are now — and always have been — at war with each other…

And which way are we trending? — This research was sponsored by Luno Global, a platform that allows users to buy, save and manage cryptocurrencies. Back in 2009, just as Bitcoin was beginning, there was absolutely no consideration to its legal status in any country in the world. This was because no one in a position of…

The crypto-economics of a misguided move — Waking up this morning in the UK I was as shocked as everyone else that Putin had “pressed the button” on what appears to be a full out assault on Ukraine after weeks of steadfastly — and publicly — denying that he would do. I was angry. Furious actually. Sure…

Perhaps more than we want to know — I love Canada. There’s only a few places in the world (other than the UK) where I would choose to live, and Canada is one of them. I have had family and friends there for decades and, as a result, have been a regular visitor since the mid 1980's. I…

Can we tough it out — or are we facing a right, royal mess? — Today, just after midday, the BBC released two pieces of news that were, in my view, underreported. At least, so far. The first was that the Bank of England had raised central interest rates by 25 basis points to 0.5%, the first back-to-back increase since 2004. In January, rates had…

Q4 2021: Comparative Power Consumption data — In June 2021 a group of heavy hitters in the Bitcoin industry, including Michael Saylor and CEOs of large mining companies, formed The Bitcoin Mining Council, or BMC for short. It was created — at least in part — thanks to Elon Musk’s famous “we’re now accepting bitcoin for Teslas”…