Tag: cryptocurrency
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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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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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James Gurney on NFTs
James Gurney, in a reasoned post explaining NFTs to his rather large art-focused audience: Does it make sense for every artist to leap into NFTs right now? I don’t think it make sense for me—not yet anyway, until there’s a better solution to the environmental issues. I’m beginning to appreciate people who don’t have quick, one-side-or-the-other,…
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Seth Godin on NFTs and my background
Seth Godin: The more time and passion that creators devote to chasing the NFT, the more time they’ll spend trying to create the appearance of scarcity and hustling people to believe that the tokens will go up in value. They’ll become promoters of digital tokens more than they are creators. Because that’s the only reason…
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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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What I saw this week #56 – February 15, 2019
See more in this series.
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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…