Making the all-important link between cryptocurrency and computing power, storage and bandwidth

As speculative as cryptocurrency may be, it is a technology that incentivizes the fastest, cheapest and most efficient hardware which is inclusive of computing power, storage and bandwidth.

No one to date has successfully implemented bitcoin/blockchain technology alongside the provision of computing power, storage and bandwidth — SIA, MAIDSAFE, BURST have yet to release a solution that can reliably spread into the traditional world of technology and change things overnight.

It makes more than a little sense when you consider that the main technological limitation of cryptocurrency is computing power, storage and bandwidth. These 3 items are essential for any part of the internet to run and as such should be the first point of interest when users hear of cryptocurrency.

This is why it is especially interesting to see Kim Dotcom’s plans for a Megaupload replacement that runs on Bitcoin microtransactions.

“Dotcom, a German-Finnish man living in New Zealand and currently fighting extradition to the U.S. over copyright-infringement charges, tweeted Friday that the transfers taking place over Megaupload would be linked to very small bitcoin transactions.” (source: http://fortune.com/2016/08/05/bitcoin-megaupload-kim-dotcom/)

It may not be successful, but it surely makes sense.