The Sudden, Unexpected End of Crypto Tribalism
“The lower the stakes, the more intense the dispute.” Sayre’s Law The Narcissism Of Small Differences Bitcoin and the crypto world have enjoyed a phenomenal decade. Despite the fact that Bitcoin is perhaps the most disruptive technology to the status quo since the printing press, the powers-that-be have mostly left us alone. Sure, exchanges have been obliged to perform KYC measures, there’ve been a few darkmarket arrests, China banned Bitcoin a few times and the U.S. Securities and Exchange Commission went after some ICOs. But these regulatory responses are the....
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Blockchain’s further success is contingent on the establishment of a strong free market and positive competition. Humans over the centuries found themselves quarreling with each other over everything from food to land to ideology, only to later find themselves at peace and cooperating. Later, once more, they’d return to draw arms. Great schisms between Catholicism and Eastern Orthodox Christianity later repeated with the Protestant–Catholic wars of the 17th century, until peace finally settled upon the parties centuries after they’d begun.Fast forward 400 years, and it’s clear that....
As one of the most influential people in the crypto space, the CEO of Ripple says he owns Bitcoin and other cryptocurrencies. But to him, only promoting Bitcoin will stop industry growth. As a result, the crypto industry could potentially lose millions for miners with less incentive than before if nothing changes soon. At the CNBC event, Brad Garlinghouse, CEO and founder of Ripple, recently said that the tribalism around Bitcoin and other digital currencies has been holding back the industry’s growth. Related Reading | Could Netflix Tumble Down The Crypto Market? “It is not....
Sources close to CoinDesk confirm that at 9:00am GMT, the website’s proprietary news blockchain, the distributed, immutable record of its news coverage, experienced a sudden, controversial hard fork resulting in two separate and irreconcilable versions of its news history. From this time forward, readers have reported unexpected increases in the size of the CoinDesk’s text, to the point where certain articles experience wildly fluctuating text sizes. However, for many observers of the website, the split is not unexpected, as it follows a months-long debate in the once-lauded organization....
On Saturday evening, the privacy advocate and well known whistleblower, Edward Snowden, spoke out against some criticism stemming from the Human Rights Foundation’s Alex Gladstein. Snowden attacked the tribalism taking place in the crypto space and said that some people “lose sight of the world beyond their cave.” Alex Gladstein Calls Snowden’s Interview Clip a ‘Disaster’ Just recently, the Human Rights Foundation’s (HRF) Alex Gladstein had some words to say to the former NSA contractor and whistleblower Edward Snowden. Gladstein didn’t like....
Inflation data shows a 106% increase in fuel oil year-over-year with an unexpected 40-year high Consumer Price Index report of 8.6% as bitcoin dips to $29,500.