Tag: bitcoin
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The predatory communities of crypto
Molly White: Crypto, when it comes down to it, relies on greater fools. As assets without any intrinsic value, the way to make money from crypto is to find a greater fool who will buy your assets from you at a higher price. Molly White (who I’ve linked to before) has been on a crusade against…
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Web3 is going just great
Readers of my blog may already be familiar with my thoughts on crypto and NFTs. To reiterate, in short; I’m bullish on blockchain, so-so on Bitcoin, looking closely at Ethereum, and skeptical about the longterm benefits of NFTs (though I think they could be a useful technology). If I had to summarize my opinion on…
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My current opinion of crypto
If you believe crypto is the future, or if you believe it is a pyramid scheme, please read this entire post so that you understand my current opinion on crypto. I hope I articulate it well enough. Also, I want to state at the outset, almost every blog post or tweet about crypto ends up…
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NFTs and energy use
There has been an enormous flood of information regarding NFTs — in general — and the amount of energy needed to facilitate the creation of them and their transfer. I’ve kept my mouth and my blog shut on this topic because I knew immediately that I needed to gather much more data before I spouted…
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Libra (the new cryptocurrency) must-reads
So Facebook, among others, announced a new cryptocurrency and blockchain called Libra. You’ve likely already seen the headlines. But perhaps you’re wondering what it means, what makes Libra any different than, say, Bitcoin, or perhaps you have other questions. I did too. So I’ve rounded up a few links that helped me gain some perspective…
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My crypto and indie web goals for 2019
Steven Johnson, in Beyond the Bitcoin Bubble: The true believers behind blockchain platforms like Ethereum argue that a network of distributed trust is one of those advances in software architecture that will prove, in the long run, to have historic significance. I’m very late to the game in reading Johnson’s piece in the NYT. I’ve…
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Understanding Ethereum Smart Contracts
Gjermund Bjaanes: This post explains how smart contracts work on the Ethereum Blockchain. Related to my last. This is a good overview of Smart Contracts. Fascinating stuff.
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Please don’t try to explain Bitcoin at parties (unless you know what you’re talking about)
Unless you’re drinking your flat whites under a rock, you’re likely seeing a lot of news about Bitcoin, it’s current exchange rate against the US Dollar, blockchain and it’s various applications, etc. You might even be getting sick of hearing about it (or, perhaps you’re sitting there earning hundreds or thousands of dollars per day…
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A technology predication time capsule
Readers of my blog will know that I occasionally attempt to predict when certain technologies that I write about will hit the mainstream. While I’m very passionate about a few technologies, I try to temper that excitement with the experiences I’ve had, the wisdom that comes with age, and other factors. Usually, things take a…
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Attending October’s NEPA.js meet up
On Tuesday, October 10 I attended October’s NEPA.js meet up. John George of NEPA Web Solutions was this month’s presenter and his topic was Bitcoin and the Blockchain: Democratizing How We Exchange Value. I believe all members of NEPA.js would agree, John’s presentation was arguably the best presentation the meet up group has had to-date.…
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What is Blockchain and Bitcoin?
Paul Bouchon at Site Pen: Much like the term “cloud”, the term “blockchain” is heavily overloaded and oftentimes used incorrectly. Without delving into the historical origins behind the confusion around the term itself, let’s understand exactly what a blockchain is. He goes on to clearly explain blockchain and Bitcoin. Be sure to read it if…
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Bitcoin, Magical Thinking, and Political Ideology
A must-read from Alex Payne, Bitcoin, Magical Thinking, and Political Ideology. Here is what he says is the general view of Bitcoin among many (including me): Most charitably, Bitcoin is regarded as a flawed but nonetheless worthwhile experiment, one that has unfortunately attracted outsized attention and investment before correcting any number of glaring security issues. There is…
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When will Bitcoin be valueable?
Bitcoin is going a little nuts this week. But the price at which a bitcoin exchanges at isn’t the only factor by which you should value the currency. Far, far from it. As Fred Wilson puts it: Everyone focuses on the price of Bitcoin these days and it is no wonder why. But for Bitcoin…