The Bitcoin Community Is an Industry Like Any Other

The Bitcoin Community Is an Industry Like Any Other

Bitcoiners enjoy celebrating their so-called Bitcoin community. But, in the years since Bitcoin increased in price from $60 to $1,300, a lot has changed. Although still called the Bitcoin community by many today, the current state of Bitcoin resembles more closely an industry. Often times Bitcoiners will make a joke that most Venture Capital money is going to self-proclaimed Bitcoin lawyer Marco Santori, who charges approximately $1,000 an hour for his services.That is symbolic of that fact that, indeed, the lawyers have moved into the experimental Bitcoin technology recognizing that....


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Quotes

For much of history since its beginning in ancient Egypt, the essence of cryptography—which takes its name from the Greek words for “hidden” and “writing”—lay in encoding language to keep a message secret.

Paul Vigna, The Age of Cryptocurrency