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Cryptocurrency fever is heating up. Even the less-than-legitimate websites that hawk opportunities to buy the latest coin are struggling to keep up with its price. Whatever societal or technological value blockchain technology may have in the long run, it’s hard to deny that the market is latest air jordan shoes pictures
.

In the midst of this fever, it’s very difficult to come up with rational assessments. If you’re a cryptocurrency enthusiast, people assume that you stand to gain financially from pumping up the price. If you’re against it, proponents will accuse you of sour grapes: you regret the missed opportunity to buy in at a low price, and you’re hoping that the price will crash out of spite. Or perhaps you just have insufficient imagination to understand the revolutionary potential of the blockchain. The cynics say “tulip fever” and “speculation bubble”; the enthusiasts say “HODL” and “fiat is dead.”

Investors argue that Bitcoin’s apparent lack of an nike air force originales precious moments
beyond what people are willing to pay for it is really just the same flaw that gold, or fiat currency, has. Cynics argue that the whole thing is one vast pump-and-dump scheme , especially when it comes to the more obscure coins. If you think that’s a conspiracy theory, you should see some of the others out there .

Personally, I bow at the altar of the Gartner Technological Hype Cycle . It seems obvious that blockchain technology is extremely overhyped when companies can simply change their names to include the word “ blockchain ” and enjoy a bump in share price of up to 200 percent—without any real indication of how a company that makes iced tea is going to leverage the incredible power of cryptographic ledgers to its advantage. Blockchain technology may well be the next internet, doing for transactions and record-keeping what the internet did for information—but before the internet conquered all, there was a dotcom bubble and a dotcom crash. When the dust has settled, we shall see, but I’d be surprised if bitcoin doesn’t crash before it settles on a long-term value.

More than speculating over the price, though, I’m preoccupied by the recent spate of reports about the energy use of bitcoin.

Eric Holthaus at Grist noted that the 35 terawatt hours (TWh) used by computers as they crunch through the mathematics required to mine new bitcoins is starting to become a concern. “More than 150 individual countries in the world consume less energy annually. And that power-hungry network is currently increasing its energy use every day by about 450 gigawatt-hours, roughly the same amount of electricity the entire country of Haiti uses in a year,” he writes. As more and more people join the hunt for bitcoin, and the calculations become ever more difficult, the energy consumption of each transaction will only grow.

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Jund al-Islam | جند الإسلام

Location: Jund al-Islam has claimed at least two attacks in North Sinai. It is unclear whether the group has had a presence outside the Sinai Peninsula.

Location:

Characteristics: In its first attack, the group employed rocket-propelled grenades and two vehicles loaded with explosives. Currently, little is known about the group.

Characteristics:

Recent leadership: Unknown

Recent leadership:

Background: Jund al-Islam was widely unknown before 2011. However, reports indicate that Jund al-Islam conducted a military show on the day of Osama bin Laden’s death in May of that year. Two yearslater, on September 11, 2013, Jund al-Islam reportedly nike blazer mid premium vintage blue legend kennel
alarge attack on a military intelligence facility in Rafah.

Background:

Jund al-Islam had no other known activity until October 2017. On November 11, the group released a recorded statement claiming responsibility for an attack in North Sinai a month before. That attack targeted members of Wilayat Sinai, whom Jund al-Islam branded “apostates.” The voice recording called on members of Wilayat Sinai to “leave the group and stop killing Muslims.” Following a Wilayat Sinai-claimed attack on truck drivers carried out days later, Jund al-Islam released a statement condemning the attack.

Ideology: In Jund al-Islam’s first claim of responsibility, the group denounced the Egyptian military as traitors to Islam and them responsible for crimes committedin the interest of “the Jews.” Although this statement was, at that time, the only official Jund al-Islam proclamation, the timing of the aforementioned military show and the attack on the intelligence facility suggested loyalty to al-Qaeda.

Ideology:

Jund al-Islam’s recent statements express the group’s vitriol for members of the Islamic State, mirroring regional hostility between groups aligned with al-Qaeda and those aligned with the Islamic State. In an audio recording released on November 11, 2017, the group said of Wilayat Sinai: “The [Abu Bakr al-] Baghdadi-led khawarij [a derogatory term for rebels or dissidents] were irrefutably proven to have repeatedly assaulted Muslims in Sinai and laid siege to Gaza. A group of them were found infiltrating the camps of your Jund al-Islam brothers more than once, carrying small arms and lights weapons, with the intention of attacking them.”

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