All articles tagged as:

Bitcoin

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…

Read more »

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…

Read more »

Bitcoin Black Friday is back, for another year. November 24th 2017

2017 has been an interesting year for me. I started working with bitFlyer, a Tokyo-based Bitcoin exchange, on their US expansion. I've been thrown deep into the world of trading and it has deeply changed my perspective of how I view Bitcoin is valued. With Bitcoin's use case increasingly seeming like it will be mainly a store of value, a commodity to be traded, I was feeling pretty hesitant about spending anytime to throw another Bitcoin Black Friday. The final nail in the coffin was the 2x hardfork. I figured with all the noise it wasn't worth bringing the community together for any event whe…

Read more »

I don't support Bitcoin scaling.

You didn't misread the title. I don't support SegWit, I don't support bigger blocks. I think it is time to stop Bitcoin development. The scaling debate hasn't shown strength, it hasn't provided a 'trial by fire' childbirth of something greater. When Bitcoin is through whatever happens after August 1st, it will be weaker, it will be less valuable than it could have been. It will bounce back, but I don't think the community or the currency could handle another fight. We're divided as a community. It is time to let Bitcoin be. Bitcoin is not going to be used for coffee. Even if it is, at this jun…

Read more »

Countries interested in Bitcoin in January 2017

Posted on

According to Google search frequency, the following countries had the most per capita interest in Bitcoin in January: Nigeria Venezuela South Africa Colombia Austria Malaysia Netherlands Philippines Germany India Canada United States Australia United Kingdom Brazil Nigeria had a great month, with a ton of headlines showing strong positive Bitcoin growth in the country. Venezuela's recent monetary troubles makes its number 2 spot a little bit less surprising. South Africa's appearance on the list may be due to a ponzi scheme or perhaps an South African ICO that is la…

Read more »