Mining became popular in Kosovo when the price of electricity was low. Now it’s not, and the mining is a drain on the entire infrastructure.
Here’s the thing. I’ve been around the internet, and the Web, a long time. Long enough to remember when HTML was going to “democratize” publishing and when blogging was going to “democratize journalism” and when social media was going to be the thing that finally “democratized” the Web and gave everyone a voice.
None of that proved to be true. Each and every iteration of Internet technology eventually wound up with a couple of big winners, and some sort of monopoly.
What is it about Web3 that makes people think this will end any differently?
Ed Bott raises an interesting question about people using PCs that don’t meet the requirements in terms of hardware security for Windows 11 but who own otherwise perfectly fine computers. In 2025, when Microsoft stops patching Windows 10, how many computers will still be out there, in use, connected to the internet, and vulnerable.
But in the quote above, Ed raises another point that maybe we should be thinking about more. What happens to all the hardware that is no longer supported as technology advances? It ends up in a landfill. That’s not good. That’s not even acceptable.