What happens if Bitcoin mining companies vertically integrate?

by aainslie

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…

View original post 1,389 more words

Advertisements