Micro and Macro Crypto Payments

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Everyone is getting super excited about micropayments, but cryptocurrency unlocks something that is a little under-discussed, the advent of single party macro payments. While brainstorming 'cool things' the creation of cryptocurrency unlocked with a friend today, one thought I had was how macropayments could drastically change how the world functions. Let me explain... If you were fortunate enough to be a billionaire, you normally wouldn't keep all of your money in cash in a bank account somewhere (which following this reasoning, expecting anyone to keep a billion dollars stored in just plain…

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The Next Cryptocurrency Startups

One way I've been thinking about the development of new infrastructure around digital currencies is by taking a look at the derivations of successful businesses that exist today in the industry. There are a lot of noisy startups in the space, but realistically only a select few are actually wildly successful. I think that essentially all of those companies can trace their success through this diagram I've created (click on the image to expand it). Because of the economics of Bitcoin, you can trace where the money in the industry goes by looking at the industry with a miner-centric trickle down…

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Validator Spotlight - UNL Deep Dive - Brex.io

TL;DR: These companies and individuals included on the rUNL are the backbone of a 20bil dollar financial network. These posts dive deeper into a company's background, financial backers, integral partners, and other features to better understand who each of these validators are. This first post is about Brex.io, an Austrian startup. Overall, there are no immediate redflags from Brex and it makes for a good inclusion being the only validator from Austria. However, doing this review has highlighted for me that other than Ripple's word, there is no connection to prove that the validator Brex claim…

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Types of Digital Currency Exchanges

Something I've noticed at conferences a lot lately is a misunderstanding (usually from folks new to the industry) about the various types of Digital Currency Exchange (DCE) that can exist. In this post I want to break down the different types of exchanges I have seen, their benefits, downsides, and features of each. But before that, a simple definition of what a DCE even is. What is a Digital Currency Exchange Quite simply, it is a place that allows the exchange of one currency to a different digital currency. There is room for argument about having an open orderbook compared to a brokerage-l…

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A call for changes to PoW in Bitcoin

Let's start from the beginning... "6. Incentive By convention, the first transaction in a block is a special transaction that starts a new coin owned by the creator of the block. This adds an incentive for nodes to support the network, and provides a way to initially distribute coins into circulation, since there is no central authority to issue them. The steady addition of a constant of amount of new coins is analogous to gold miners expending resources to add gold to circulation. In our case, it is CPU time and electricity that is expended. The incentive can also be funded with…

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