Against The Inevitability Of Bitcoin
While many accept that the process of hyperbitcoinization is a given, we shouldn’t be so ready to revel in our victory.Bitcoiners are optimists.When Satoshi Nakamoto wrote and released the first code that began the Bitcoin experiment, it was an inherently optimistic act in response to the economic and monetary turbulence referenced in the genesis block.Satoshi was a cypherpunk, a group which envisioned shaping a better future through deliberate technological innovation, particularly in regards to software.Cypherpunks write code.By leveraging software, a single individual could have an....
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The blockchain industry already exhibits signs of the same forces that have driven over-consolidation in the broader economy.
Bitcoin is a black hole of value sucking in any and all reserve currencies, slowly but surely.
Although it’s possible to draw comparisons between almost any two blockchain development platforms, comparing Ethereum with Polkadot is almost an inevitability. Not only on the technical level – they use a comparable architecture and proof-of-stake consensus to achieve scalability – but because Vitalik Buterin and Dr. Gavin Wood also have a shared history in Ethereum. Polkadot and Ethereum are Entering the Final Stretch of the Runway for Chain Supremacy The coming year is set to be a big one for both networks. Ethereum has been rolling out a series of improvements ahead....
There can be no debate that technological development has never been as fast, as complex or as creative as it is today. The only problem is, as with all revolutions, when things are moving this fast one has to be very careful when it comes to separating innovation from irritation; as more new tech is made available we have to develop that sixth sense that will allow us to separate what will actually help us from what definitely won’t. S Let’s take fintech (and I’d include Bitcoin and blockchain under that umbrella) as an example: This is an area that commercial litigation firms are coming....
The blockchain – upon which Bitcoin is based – has been the center of heated discussion in recent months. The blockchain is a means of sending digital messages between parties whose purported history can be trusted. Bitcoin 2.0 companies and the “promises” of the blockchain have become a recurring theme in the Bitcoin space. Some have discussed how “the greatest potential for Bitcoin may reside in its underlying technology rather than as a currency.” In 2015, talk shift from Bitcoin to the Blockchain, of that there can be no doubt. Many banks entered the space. The general feeling in the....