The Involved, The Investor, The Miner - Who Benefits in the New Cryptocurrency Economy?
Increased activity within the cryptocurrency ecosystem within the past few weeks has given rise to many questions. The fallout of critical decisions has also raised questions as to who benefits or gets hurt as the crypto space develops. Iconomi adviser on business model development, strategy and branding, Zenel Batagelj speaks to Cointelegraph on the three key segments involved in the new crypto economy. The key players. Batagelj says that there are three key segments involved in the new crypto economy. First, there are those directly involved in cryptocurrencies, who believe in the new....
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In a clearly stated analysis and opinion blog post about the costs and benefits of doing either a hard fork to a 2 MB block size limit versus going with the “Hong Kong Compromise” Segregated Witness (Segwit) upgrade, Sam Cole offers the perspective from that of a Bitcoin miner in what options lie ahead. From a pragmatic perspective, Cole gives a very clear explanation of how the Segwit solution is the much safer, simpler and easier one and all of the potential risks of failure and negative disruption that the hard fork has. However, it’s clear from Cole’s post that he believes there’s....
This case-study will focus on Bitcoin’s rise in Nigeria. It was partially inspired by a question from Bloomberg’s Joe Weisenthal about what benefits does Bitcoin bring to people living amid a currency crisis. Economies with Currency Black Markets. There is a currency crisis in the Nigerian economy, and using Bitcoin remittances offers real, measurable financial benefits to its population of 173 million. In the event that President Trump blocks remittances from the US to Mexico (which is a form of capital control on the US economy) then a similar opportunity for the profitable use of....
Famed Silicon Valley “super angel” investor Ron Conway sees the crypto economy as the next multitrillion-dollar opportunity in innovation. The Silicon Valley legend likens Coinbase to Google after the company’s IPO via a direct listing on Nasdaq. Crypto Is the Next Multitrillion Dollar Opportunity in Innovation Legendary investor Ron Conway, who is often described as a Silicon Valley “super angel,” discussed the state of the crypto market and its future outlook in an interview with CNBC Wednesday. Conway, an early investor of Coinbase, likens the company to....
The price of bitcoin is soaring as a whole lot of new money is coming into the cryptocurrency economy. With new money flowing in it seems mainstream investors are catching wind of bitcoin’s benefits. Bitcoin is considered a safe haven from worldwide economies that are failing, as well as an asset class that is outperforming many traditional investments....
Anyone in the world can take their financial futures into their own hands right now. Not just in terms of deciding whether or not they want to remain an employee or become their own boss, but also whether or not they can play a role in the sharing economy. Every person on this planet can do or offer some product or service that other people want or need,....