The "Twenty-Five Percent More" Argument
A favorite stat floating around these days among Bitcoin startups is that, at this stage in the game of Bitcoin—the ecosystem, the commercialization of this space, etc.—, startups have raised 25% more capital than startups in the 90s did—when they were raising for “that ecosystem” [basically preparing for the world to come online.] So, a few things about this stat—this oh so favorite stat for Bitcoin startups to use. First, not many Bitcoin startup founders think about this all that much, because some where actually born in the ‘90s and “grew up” at the turn of the century, but: Inflation....
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It's almost refreshing to take a look at the bitcoin price charts today and see something we haven't seen a whole lot of lately: a price climb. If you're following along at home, you probably noticed today that the price of bitcoin has surpassed $400 today. In fact, it's gone us quite a bit higher than that. Taking a look at the Bitstamp chart (USD), we can see that the current price of bitcoin is about $414, up over 7 percent in the past twenty-four hours alone. If we take a look at the three-day view, we're up 13 percent. Over 24 percent in the past week alone. Not terribly bad.....
Fears of a potential 51 percent attack are once again brewing in the bitcoin community with news that mining pool Ghash.io has reached an uncomfortably high hashrate in the past twenty-four hours. The bitcoin subreddit on social sharing website Reddit.com, with over ten shares on the page related to the matter. The pool's hashrate reached as high as 47 percent - extremely close to the 51 percent envelope that would open the door to attacks that could be carried out by the majority. One such attack would be double-spending transactions. That is, using the same amount of bitcoin twice. Such....
Nearly 18 percent of Brits who shop online are willing to use bitcoin some time in the future, a survey by Populous on behalf of Clarity Communications indicates. 57 percent have heard of and are aware of the digital currency's existence. The results come from a pool of about 2,065 from the United Kingdom, and the results determined that men are more aware of bitcoin than are females, not surprisingly (69 percent of males vs. 45 percent of females aware of it). Of the entire pool, just over 100 people (or 5 percent) say they've actually used bitcoin before. 29 percent said they had no....
Have you checked the price of bitcoin today? You might have noticed it's climbed up a bit more than when you had last checked it. At Bitstamp, the current price (as of this writing, of course) is about $511 - up just over three percent in the last twenty-four hours. Passing the $500 mark, some say, is a move past a big psychological barrier, which could of course mean that the price could continue its climb. Read more: Tuesday Ends With Bitcoin Price Up Nearly Ten Percent. That said, it's difficult to pinpoint just what caused the price increase in the first place after hovering in the....
As the global FinTech hub you would think that the U.K. has no problem when it comes to recruiting new talent for its financial technology sector. Yet, it seems that the country is experiencing a skills shortage that is seeing many jobs going unfilled. In a report from Business Insider, it found data from one of the world’s biggest job listing sites, Indeed.com, showed that the hardest jobs to fill are mechanical and engineering projects managers. According to the data, 30.8 percent of the positions remain unfilled after two months. The remaining nine jobs that are hard to fill include:....