Archive for the ‘Crypto’ Category

Bitcoin Adoption and Name-Brand Recognition

Bitcoin Adoption and Name-brand RecognitionSince the advent of Bitcoin in 2009 — and the subsequent rise of thousands of ancillary imitators using the same algorithm — there hasn’t been much interest in the technology from big corporations around the globe. This isn’t surprising; the instruments are new, risky, and their collective goal is to decentralize and reduce the costs of global capital transfers. This presents huge potential threats to existing payment systems, and it stands to reason that any firm with a considerable market capitalization might want to take a wait-and-see approach.

For companies with sufficient capital and patience, however, there are opportunities developing that have gone unnoticed so far. The cryptocurrency market is maturing quickly. I believe the entire world is about to seriously consider the implications and potential of Bitcoin adoption and name-brand recognition. Read On…

Cynics Are Missing the Bitcoin Boat

Cynics Are Missing the Bitcoin BoatThe first Bitcoin crash happened in 2011. In this dramatic, optimistic surge, the cryptocurrency quickly rose to about $28 — and just as quickly fell to about $3. The gloomy naysayers, defeatists, and misanthropes came out of the woodwork — boldly asserting that cryptocurrencies were finished. And yet, through it all, Bitcoin has been remarkably resilient; for every “collapse,” it has rebounded vigorously — making new highs. Likewise, with each new surge, the pessimists have become ever more angry and critical. This despondent, dogmatic hatred is disappointing, because in reality, the cynics are missing the Bitcoin boat. Read On…

The U.S. and Europe Now Have an Opportunity to Dominate Bitcoin

The U.S. and Europe Now Have an Opportunity to Dominate BitcoinAnyone from the west who believes the world’s financial center of power isn’t rapidly moving to Asia is either excessively prideful, excessively stupid, or both. China’s exploding middle class, strong manufacturing base, unstoppable work-ethic, and relatively low debt make it the perfect breeding ground for economic domination. Add Japan, Taiwan, Singapore, and South Korea into the mix, and it’s not hard to see that financial power has been shifting slowly for decades. However, the U.S. and Europe Now Have an Opportunity to Dominate Bitcoin. Read On…

Decoding DNA

Decoding DNAThis is a follow-up to an earlier post — about the binary nature of DNA, and how remarkably close it is to the logical and mathematical systems (languages) human beings have invented to interact with computers. Perhaps the most interesting aspect to this odd coincidence is the fact that computer science advanced almost completely independently of discoveries in the field of genetics. This isn’t to say people haven’t seen the glaring similarities for years — and even succeeded at storing binary data as DNA. But to my knowledge, there has been no concerted, unified effort to think of DNA and the double helix as binary computer code (feel free to enlighten me if I am wrong). In other words, I’m not convinced this approach has been fully vetted when it comes to decoding DNA. Read On…

Should Bitcoin Be Legal?

Should Bitcoin Be Legal?Should Bitcoin be legal? Governments seem unwilling to take a stand, and with good reason: a premature attack in this arena could be a huge misstep.

Do you remember Napster? The government aimed all its might at the online file-sharing network, ultimately forcing it to shut down in 2001. Perhaps regulators and law-enforcement — in all of their wisdom — believed they were doing a good thing when they pursued legal action against Napster. But in reality, the hasty reaction had a clear unintended consequence — creating a proverbial hydra. Read On…

Bitcoin Price Growth Makes Sense: It Is a Safe Haven

Bitcoin Price Growth Makes Sense: It Is a Safe HavenHistorically, in every inflationary context, when a national currency becomes unstable, the people depending on that money look for alternatives. From Germany, to Zimbabwe, to Argentina, when hyperinflation appeared, people found it necessary to immediately convert from the given broken currency to something more stable. And that’s why I say Bitcoin price growth makes sense: it is a safe haven. Read On…

Bitcoin Is More Than a Currency

Bitcoin Is More Than a CurrencyIs Bitcoin money?

The arguments from both sides of the aisle are passionate and vociferous. But as I trudge through the morass of opinions, I can’t help but notice people are missing some crucial details about private cryptocurrencies — and how they are changing our world. One thing seems certain, however: Bitcoin is more than a currency. Read On…

Bitcoin vs Gold

bitcoin vs goldSince its inception in 2009, Bitcoin’s controversy has raged. Its libertarian proponents see the digital currency as the killer of central banks everywhere. Its detractors have labeled it a binary bubble — calling it the most elaborate Ponzi scheme of all time. Most often, the latter arguments center on the misplaced belief that anything of value must be “backed” by something else – whether a stream of earnings, a commodity (like gold or oil), or the full faith and credit of a government.

Regardless of which camp you subscribe to, if you are reading this article, you too are undoubtedly curious about this question: what does make a digital currency (or anything else, for that matter) valuable? And how does the “bitcoin vs. gold” analysis stack up? Read On…