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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As the bitcoin industry grows in size and scale, more and more members of the community are realizing the downsides of its decentralized nature. After all, there is no single authority overseeing the developments in the industry and making decisions, leaving certain issues such as the block size debate unresolved for long periods of time. Despite this, majority of bitcoin enthusiasts seem to favor the status quo in that the network should stay consensus-based. With that, many are pushing for more collaborative efforts in order to tackle industry challenges as they come along. Enter....
Everyone who is part of the Bitcoin community is an important cog in the machine. Some people have a more prominent “allure” than others, but that doesn’t mean they are not as approachable as the rest of us. Tuur Demeester, Nejc Kodrič and Aaron Voisine recently partook in the biggest Bitcoin AMA in history, and here is what they shared with rest of the....
According to Jackson Palmer, founder of dogecoin, the cryptocurrency ecosystem has become toxic and he will be taking an extended leave of absence from the community. Dogecoin is one of the younger members of the digital currency industry and was launched in December 2013. Will be taking an extended leave of absence from the toxic (and quite frankly, stagnant) space that is cryptocurrency. - Jackson Palmer (@ummjackson) April 23, 2015. Palmer still reminded members of the community to not lose sight of the playful roots of dogecoin. However, he also said that the industry has stagnated and....
The legislators from the parliament of Poland interacted with Bitcoin community as part of a debate organized by the Polish Bitcoin Society. The government in Poland recently had a debate in the Polish Parliament regarding Bitcoin regulations. The event organized by the Polish Bitcoin Society along with Miroslaw Suchon saw lectures by specialists from the Bitcoin and blockchain industry. Cryptocurrencies like Bitcoin occupy a unique position in the monetary system. They are decentralized, supported by a worldwide community instead of central banks and governments. Without control over the....
Jackson Palmer indicates that his leave of absence from the crypto community includes a separation with micropayments project Neucoin. Representatives from Neucoin have not yet responded to press inquiries. Dogecoin founder and Adobe senior manager Jackson Palmer has announced he is taking an "extended leave of absence" from the cryptocurrency community. Calling the ecosystem "toxic", Palmer used the occasion to blast aspects of the industry, while encouraging users of dogecoin not to lose sight of its fun and playful roots. Launched in December 2013, dogecoin quickly became one of the....