The Promise Of Bitcoin Is Important, Not The Price
Venture capitalist Fred Wilson is not a hoarder of Bitcoin. He doesn't care about that aspect of Bitcoin, but rather he is interested in the promise of Bitcoin as programmable money. Now, he started buying it again after staying mostly on the sidelines for most of the past two years. He thinks that the market price of Bitcoin in the short term is driven by emotion (greed vs. fear), liquidity, technical factors, and a bunch of other things. Right now, those factors are driving down the price of Bitcoin. Last year they drove it up. He says: "I continue to believe that the thing to watch is....
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In Bitcoin, the promise of a limited supply is great. This was one of the biggest things that initially appealed to me when I heard about Bitcoin. “No more than twenty one million bitcoins will ever exist!” But can this promise be kept in the long run? Has the Promise Already Been Broken? Some would […] The post 21M Bitcoin and the....
New York’s latest mayor Eric Adams has reiterated his promise to take his first paycheck in bitcoin. Adams had made the promise during his election as part of his mission to make New York City the crypto hub of the nation. The mayor had said that he would take his first three paychecks in bitcoin […]
Things haven't been going particularly well for PayCoin, lately. Following a recent drop in price due to what some are calling the work of "online trolls," altcoin exchange Shapeshift.io has removed the currency from its platform due to what the exchange is calling a "broken promise," where customers could purchase PayCoins at $20 each. ShapeShift made the announcement via a Reddit post, saying: "We've looked further into Paycoin, and while there are some criticisms that are superfluous (a coin being 'premined' does not necessarily make it a scam, for example), there is one particular....
Bobby Lee, founder of China's BTCC bitcoin exchange, discussed his new book, "The Promise Of Bitcoin."
Blockchain is an "important technology" given its potential impact on the global financial system, Federal Reserve chief Janet Yellen said today. Yellen gave a speech at the Commonwealth Club, a US public affairs forum, and later took part in a question-and-answer session with club board chair George Scalise. At one point, Scalise asked Yellen whether the Federal Reserve – which released its first major research paper on distributed ledgers in December – was looking at using the tech for its own purposes. Here’s what Yellen had to say in response: "[Blockchain] is a very....