“The centre’s press service said: ‘There has been an unsanctioned attempt to use computer facilities for private purposes including so-called mining.’” |learn more
What if the biggest cryptos weren’t actually decentralized? Researchers: “Both Bitcoin and Ethereum mining are very centralized, with the top four miners in Bitcoin and the top three miners in Ethereum controlling more than 50% of the hash rate. The entire […]
“Researchers Neil Gandal, JT Hamrick, Tyler Moore, and Tali Oberman have written a fascinating paper on Bitcoin price manipulation.” TechCrunch sums it up for us lay-folk. | learn more
Bitcoin in its current state is a lousy currency. Transactions are expensive and slow. The Lightning Network would allow for increased transaction volume at lower costs, but its adoption isn’t guaranteed and its development will take more time. | learn more
Egor Hamakov makes a compelling case for why Bitcoin miners concentration in China equate to centralization. |learn more
Take these recent stories announcing new spins on bitcoin & blockchain. Frankly, I have a hard time understanding them without really sitting down to think. Before this technology can realize its potential, what must happen? What path did the internet […]
About 3 weeks ago Union Square Ventures partner Albert Wenger shared his thoughts. They’re worthy of a quick read. | learn more
For all the talk I’ve heard about the value of a bitcoin or other crypto token, little of it has been rooted in economics. Enter Chris Burniske of Placeholder VC who provides a rational theory of economic value for cryptoassets. […]
Abigail Johnson, CEO of the gigantic investment firm, spoke at length about the firms work in blockchain at a conference in New York. They’re making venture investments, partnering with Coinbase, and even have a bitcoin and ether mining operation that […]
“Located in a decaying industrial park on the outskirts of town, the mine employs about 50 and consists of eight single-story, warehouse-like buildings, each 150 meters (492 feet) long. Seven of them host 21,000 machines that, together, represent nearly 4% […]