The Promise of Crypto, Part 1 of 2
The Promise of Crypto. Part 1 of 2. "Bitcoin and crypto currencies in general represent a fundamental shift in human society that will rival the shift made by the internet." Wow, that sounds like so much nonsense... I know because when I say that to people they get that little snicker in their mouth. Bitcoin? Change the world? You're nuts. It's just....
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New York’s latest mayor Eric Adams has reiterated his promise to take his first paycheck in bitcoin. Adams had made the promise during his election as part of his mission to make New York City the crypto hub of the nation. The mayor had said that he would take his first three paychecks in bitcoin […]
In Bitcoin, the promise of a limited supply is great. This was one of the biggest things that initially appealed to me when I heard about Bitcoin. “No more than twenty one million bitcoins will ever exist!” But can this promise be kept in the long run? Has the Promise Already Been Broken? Some would […] The post 21M Bitcoin and the....
The promise of Crypto part 2 of 2. David Mondrus, MBA, Columbia University & Michael Frank, Ph. D. MIT. Side Note: In part 1 of 2 we discussed "payloads with paychecks", an exciting concept that could be considered the beginning of an "Operating System" of Bitcoin. Vitalik Buterin,[1]the creator of Ethereum, announced on his mailing list that the "testnet" is live. This is an incredible milestone in the history of computing, in my opinion. (Disclaimer: Vitalik is one of the founders of Bitcoin Magazine and still sits on the editorial board. He and I did not communicate prior to writing....
Things haven't been going particularly well for PayCoin, lately. Following a recent drop in price due to what some are calling the work of "online trolls," altcoin exchange Shapeshift.io has removed the currency from its platform due to what the exchange is calling a "broken promise," where customers could purchase PayCoins at $20 each. ShapeShift made the announcement via a Reddit post, saying: "We've looked further into Paycoin, and while there are some criticisms that are superfluous (a coin being 'premined' does not necessarily make it a scam, for example), there is one particular....
Fundstrat strategist David Grider based his bullish prediction in part on the promise of Ethereum's technology.