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Bitcoin Mining and the Return of Realpolitik

The Breakdown

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The Importance of National Security in Bit Coin Mining

The significance of holding power over a global network should be obvious. Miners cannot create extra bit coin, steel coins, or change the underlying code. Rather, influence s what guarantees that transactions go through and get included on the block chain. By fostering, rather than banning, domestic mining industries, nations can insure that control over the network does not fall into the hands of their enemies.

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