this is the perfect example of why IBM is interested in Color Coins.
Note that this publication outlines a number of functions outside of payments for the Bitcoin network and then goes onto describe all the computer products that these new functions will demand.
"We have identified a number of public and private companies that are positioned to benefit from the growth of Bitcoin network (mining)
operations. Bitcoin mining equipment consists of four main components: processor, power supply, motherboard, and cooling system.
Due to the growth of the Bitcoin network, mining machines now require powerful application-specific integrated circuits (ASICs) that are
designed specifically to mine Bitcoins. We believe the majority of these ASIC chips are fabricated at Taiwan Semiconductor and
GlobalFoundries. We also believe AMD is positioned to benefit from the rise of alternative coins such as Litecoin as AMD chips are
preferred by Litecoin miners over other competitor GPU chips."
the problem is for this sort of business model is that all these functions, including Bitcoin like payments DO NOT REQUIRE ANY MINING AT ALL. Using Confidence Chains the only ingredient is TRUST, and that trust can be jointly distributed to many parties. They want to create a massive mining operation that acts as a prohibitive barrier for the average person.
This is not P2P, this is a monopoly on financial technology.
