What happens if Bitcoin mining companies vertically integrate?

Richard Gendal Brown

Creeping centralization can come in many forms – are the Web Application Server wars a lesson from the past?!

First some history of the IT industry (you can skip this bit if you just want the meat…)

Travel back in time with me to the late nineties…. I started my career during the Web Application Server wars. The web was taking off in the late nineties and companies like WebLogic (quickly acquired by BEA) spotted a need in the marked for a Web Application Server.

They were solving an obvious problem: it was a real pain to write proper applications. Sure: you could write HTML and run it on Apache. And you could use the CGI interface to have scripts run to generate basic dynamic content. But it was painful to do anything more sophisticated

If you were a bank that wanted to build an online banking service…

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My 2 Cents on CEO Pay

blog maverick

There is a game played by CEOs with the corporate issuance of lottery tickets. Otherwise known as stock. Stock can be issued in any number of ways, shapes or forms. Warrants, options, restricted or unrestricted stock. No matter what you call it, every CEO hired, is asking for equity knowing that their only goal is to hit the jackpot and create a pool of wealth that puts them in the “fuck you” wealth category. Thats enough money to buy or rent just about anything you can think of and put you in position to never have to work again. You just live off the cash in the bank.

Put another way, every hired CEO is looking to be in a position to look in the mirror , smile and tell themselves they have made it. They are living the American dream. The only way to do that is to grab…

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