Weaving Is A Better Metaphor for Bitcoin, Instead of Mining
In order to create a broad appeal for the concepts behind cryptocurrencies clear communication is crucial. Some of the terminology used in describing Bitcoin has been widely accepted, and taken as a given, almost unchangeable feature of cryptocurrencies. Other, more precisely codified components of the protocol can be changed as long as there is....
Related News
Mobile security for Android users seems to be tough to achieve these days, especially when considering how the source code of the Stagefright Metaphor exploit has been released into the wild. NorthBit, the Israeli security company responsible for the publication of this code, mentioned how only Nexus 5 devices are vulnerable to the software in its current form. That being said, it is relatively easy to target any device by any manufacturer, and Bitcoin users will need to be more vigilant than ever for the time being.
The wallet metaphor incorrectly describes the nature of the applications providing Lightning Network services.
Bitcoin: you can't see it, you can't touch it, but you've still got to find some way to illustrate an article about it day after day, week after week. It's actually a trade secret in the bitcoin industry that there are only 10 types of bitcoin stock image in existence, with the illusion of variety being created by making slight variations of these template pictures and hoping desperately that none of the readers will notice. In this feature, CoinDesk explains the secret meaning behind the only bitcoin images you'll ever see. Be warned, the world may never look the same again. 1. The Miner.....
The bitcoin story in China sounds like a mini-metaphor for the Chinese economy itself: while the rest of the world was looking elsewhere, its citizens worked to acquire vast amounts of new wealth before bursting into the headlines only recently as a superpower. As of this November, China is home to the world's largest-volume bitcoin exchange (BTC China), some of the largest mining operations, and could well be leading the global rise of bitcoin. It was in May that China surpassed all other countries with 84,000 bitcoin wallet downloads, a world record few noticed. Then came a half hour....
The term "Black Swan Event" describes certain events in history so profoundly unexpected and massive in scale, that they fundamentally changed the course of history. There are good Black Swans (the unpredicted rise of the internet), and bad Black swans (rise of Hitler). The absurdity of a Black Swan ever existing was so outrageous during the middle ages it became a metaphor for the laughably impossible. In today's world we might comparably say something about snowball's chance in Hell. For many centuries, the metaphor existed until about the year 1700 they were discovered to actually to....