asterisk2a + bitcoin   42

I Was Wrong About Bitcoin. Here’s Why. - The New York Times
I assumed that Bitcoin’s future depended on its everyday use.
Bitcoin  cryptocurrency 
december 2017 by asterisk2a
Banker Leonhard Fischer über selbstzerstörerischen Finanzkapitalismus - SPIEGEL ONLINE
Fischer: Die Globalisierung der Finanzmärkte besteht im Wesentlichen darin, dass die Amerikaner sich in ihrer eigenen Währung verschulden können und den Dollar so in die ganze Welt exportiert haben, um ihr riesiges Leistungsbilanzdefizit zu finanzieren. Ich habe als junger Banker bei J.P. Morgan selbst erlebt, wie die Investmentbanker in Scharen erst nach London flogen, dann nach Tokio und schließlich nach China, um Dollaranleihen für Schuldner aus den USA zu platzieren. Gleichzeitig investierten wir das Geld amerikanischer Fonds weltweit in Unternehmen und Immobilien. Ganz Amerika hat sich wie ein gigantischer Hedgefonds verhalten. So entstand die globale Finanzmarktmaschinerie, die in Wahrheit vor allem eine amerikanische ist.
Bitcoin  Dollar  fiat  currency  GFC  petro  WallStreet  Chomsky  neoliberal  neoliberalism  globalisation  globalization  China  IMF  USA  Empire  Capitalism  exploitation  economic  history  Blyth  Austerity  Chicago  liberalism  trust  oil  OPEC  petrodollar  Fed  bailout  self-regulation  money 
december 2017 by asterisk2a
Bitcoin’s Nightmare Scenario Has Come to Pass | Re/code
This week the dire predictions came to pass, as the network reached its capacity, causing transactions around the world to be massively delayed, and in some cases to fail completely. The average time to confirm a transaction has ballooned from 10 minutes to 43 minutes. Users are left confused and shops that once accepted bitcoin are dropping out.
march 2016 by asterisk2a
PayPal sperrt weiteren VPN-Dienst aus
Die Kollegen von techdirt haben die Methoden von PayPal in wenigen Sätzen gut auf den Punkt gebracht: //&! PayPal is widely known for their aggressive stance towards BitTorrent sites, Usenet providers and file-hosting services, but VPN, proxy and SmartDNS providers might now suffer the same fate too. [...] “Under the PayPal Acceptable Use Policy, PayPal may not be used to send or receive payments for items that infringe or violate any copyright, trademark, right of publicity or privacy, or any other proprietary right under the laws of any jurisdiction,” PayPal’s email reads. -
Paypal  lobbyist  lobby  Lobbying  Silicon  Valley  Bitcoin 
february 2016 by asterisk2a
Episode 30: Felix Salmon by Product Hunt
Everyone should be doing something lefty. The internet was abt that. Now its everyone wants 2 be big. Optimised. Cool things come out of waste, wasting times, free time, ... eureka effect. Lefty things are not optimised. // "We build a fucking great bridge." Nobody did back then seismic modeling. They just build a fucking great bridge that actually can carry twice the lanes/traffic, you can just put a 2nd deck on it with another 6 lanes. << build 4 prosperity. not optimised. THUS lesson, build ur business that way, 4 prosperity, pay money if u want 2 used it. Dont optimise 4 anything specifically. // Oldest Companies are still family owned. Not pressures by Wall Street 4 growth & profit. "No one is happy being profitable." "You wind up taking risks, eventually falling on your face." #growth-fetish // Venture Capital wants an exit. U put urself in that corner & have fiduciary responsibility. // If u own category/vertical u can sort of set price! & 46 oh hi there world, own platform!!!
Silicon  Valley  closetphile  social  entrepreneurship  Internet  Start-Up  advice  Start-Up  lesson  of  You  life  hacker  life  lesson  philosophy  Felix  Salmon  Wall  Street  crony  capitalism  post-capitalism  capitalism  shareholder  value  profit  maximisation  David  Heinemeier  Hansson  bootstraped  bootstrapping  bootstrapped  native  advertising  friction  frictionless  value  creation  Core  Product  Proposition  values  corporate  values  corporate  culture  Proposition  intangible  value  added  value  personal  values  counter  culture  advertisement  advertising  pre-roll  ad  micropayment  micropayments  Bitcoin  Dogecoin  brand  awareness  branded  content  e-mail  marketing  referral  marketing  attention  span  attention  graph  Twitter  oh  hi  there  world  Facebook  Instant  Articles  Apple  Newsstand  Apple  News  Google  Search  Newsfeed  Facebook  RSS  Platform  TOS  EULA  24-hour  cycle  business  model  pageviews  BuzzFeed 
september 2015 by asterisk2a
The Bitcoin XT Fork – AVC
What is more interesting to me is that this XT fork showcases a number of interesting things about open source software and how it is governed. It also gets into the issues around trusting an open source system and the people who build it. A group of open source core developers are a democratic system. They decide what gets “committed” to the code base and what does not. That generally works well but at times it does not. The debate around increasing the block size is an example of where that form of democracy is failing (or succeeding depending on where you sit in the block size debate). So the developers who most fear a breakdown of bitcoin without a block size increase have taken it upon themselves to “fork” the bitcoin core and produce a new version called “Bitcoin XT.”
Bitcoin  Bitcoin  XT  Open  Source 
august 2015 by asterisk2a
Bank of England: Bitcoin is "Harder Money" than Gold Due to Deflation – Bitcoin Magazine
During a presentation on digital currencies entitled “Old Money, New Money,” Andy Haldane, Chief Economist & the Executive Director of Monetary Analysis and Statistics of the Bank of England and his team stated that “Digital currencies are ‘harder money’ than a gold standard” because “sustained adoption [of bitcoin] would see ongoing deflation.” [...] 2 million UK adults do not have bank accounts and 2.5 billion people in the world have no access to financial services, said Haldane. However, given the estimate that 80% of the world’s population will own a smartphone within 5 years, Haldane believes that many could turn toward digital currency to store their savings. // &! - Enabling New Internet Applications (no transaction minimum, no transaction fee) // &! W3C toEstablish Online Payment Standards - - Internet pioneers such as Ted Nelson, Marc Andreessen & Berners-Lee himself thought that the Internet should have a built-in framework for micropayments.
Bitcoin  deflationary  deflation  fiat  currency  fiat  money  monetary  policy  Gold  Standard  economic  history  FinTech  underbanked  emerging  market  Developing  World  W3C  micropayment  micropayments  payment  payment-system  payments  PayPal  Braintree  Stripe  Amazon  Google  Google  Wallet  creditcard  oligopoly  oligopol  banking  crisis  banking  fractional  reserve  banking  financial  market  barriers  to  entry  cost  of  entry 
august 2015 by asterisk2a
Bitcoin could split in debate over currency's future - BBC News
Bitcoin XT, a new version, is currently being recommended by the currency's chief scientist, Gavin Andresen. And its developer, Mike Hearn, says its adoption essential to ensure the currency can cope with growing demand. But some, including a large number of bitcoin miners in China, are resisting XT because of how it might affect control over the currency. Bitcoin's blockchain - a digital ledger of all transactions made with the currency - is currently made up of 1MB blocks. Bitcoin XT would enable these blocks to grow to 8MB. But this would mean XT was no longer compatible with existing Bitcoin software, creating, its detractors say, two separate currencies and eroding trust in both.
Bitcoin  blockchain 
august 2015 by asterisk2a
Bitcoin: A flawed currency with a useful application for the Eurozone (2014) | Hacker News
Bitcoin: A flawed currency with a useful application for the Eurozone (2014) (
july 2015 by asterisk2a
UBS to Open Blockchain Research Lab in London - Digits - WSJ
Swiss banking co @UBS opening blockchain research lab in London to learn how blockchain tech can be used in financial services; the lab is going to open sometime this mo and take up ~12 desks @ fintech accelerator space Level39, a hub in London for tech startups in the financial industry [...] the potential “not only change the way we do payments but it will change the whole trading and settlement topic.” [...] the biggest potential to disrupt financial services, and trigger “massive” simplification of banking processes and cost structure. [...] Barclays runs a fintech incubator in London and New York and most of the major banks participate in a fintech accelerator program run by Accenture globally, while a number of lenders, including Lloyds Banking Group , back London-based Startupbootcamp FinTech. Others banks, including HSBC , Santander and BBVA , have also launched corporate venture funds to make equity investments in fintech companies.
Blockchain  Bitcoin  FinTech 
april 2015 by asterisk2a
Be Your Own Bank | TechCrunch
[ that nobody focuses on the underbanked as a non-profit with tight security, is beyond me. first were the porn business, then the poor, in precarious work etc etc ] If an underbanked person uses these services with a bitcoin wallet, they then have a way of managing their money without needing a bank account. Their funds can be spent anywhere that cards are accepted. [...] Bitcoin is maturing into a safe, secure system that offers tangible benefits for the underbanked. No longer a solution looking for a problem, it will be a way for many consumers over the next decade to gain access to financial tools while avoiding large transaction fees and service charges.
underbanked  BitCoin  Software  Is  Eating  The  World  FinTech 
april 2015 by asterisk2a
Bitcoin security startup Gem opens its platform to the world | PandoDaily
Gem’s stated goal has been to eliminate the learning curve for bitcoin developers, while allowing the industry to adopt best-in-class security standards to store, encrypt, and backup end user bitcoin assets, without deep expertise in cryptography or security. The company’s API does exactly this by making a comprehensive set of security solutions available at the push of a button. Crucially, Gem never needs to take possession of end-user funds, meaning that relationships between consumer and developer go un-interrupted. Winkelspecht notes that Gem allows bitcoin developers to adopt, for the first time in the industry, standard banking industry grade (FIPS 140-2 Level 3 certified) Hardware Security Modules (HSMs).
april 2015 by asterisk2a
The Silk Road trial is proof positive that bitcoin is not (and has never been) anonymous | PandoDaily
>> still, FBI probably hacked its way to the person behind Silk Road, stalk him and steal his laptop in-front of his face. [...] [&!] [&!] In this sense, it seems that the KYC (know your customer) requirements currently being mandated by regulators around the globe should prove to be a sufficient solution to safely embracing the numerous benefits of bitcoin (and Blockchain) technology.
Bitcoin  anonymity  Silk  Road  FBI  dark  web 
february 2015 by asterisk2a
Sure Stripe has more cash, but does it have a path to exit? | PandoDaily
The problem with raising capital at nosebleed valuations is that the number of scenarios under which a positive outcome is possible becomes greatly diminished. By raising at $3.5 billion, Stripe, [... and Investors ...] — are betting that the company can exit at or above $7 billion. That’s a steep price and largely eliminates acquisition as an option. The list of potential acquirers is likely limited to Facebook, Google, Apple, eBay, Amazon, and Alibaba in the tech sector. On the financial side, there are the large banks and credit card companies. But it’s hard to see anyone ponying up $7 billion to acquire Stripe, which has yet to prove that it has a sustainable business or attractive margins. [...] Not every round requires a doubling valuation, and in this case, it may turn out that everyone involved would be better if more modesty was applied. [...] [ Merger of Square & Stripe as worst case scenario? ] [ & IPOs to forget - Box, Groupon, Zynga, HortonWorks ... ]
Venture  Capital  Stripe  Apple  Pay  PayPal  Google  Wallet  Bitcoin  Amazon  Alibaba  Rakuten  Silicon  Valley  growth  round  exitstrategy  exit  strategy  IPO  M&A  business  model  margin  AliPay  Braintree  mobile  first  mobile  homescreen  Platform  network  effect  economies  of  scale  scaling  scale  Venmo  valuation  ycombinator  Unicorn  Square  Wall  Street  mobile  payments  online  payments  creditcard  Visa  Mastercard  payments  micropayments  Start-Up  lesson  Start-Up  advice 
december 2014 by asterisk2a
Vinod Khosla talks to me about payments (he invested in Square and Tapingo, among others). - YouTube
placing bets early when times are uncertain. when something becomes obvious, it's already too late and the herding effect takes hold and thus competition and fight over airtime and attention (which is expensive). ///
Venture  Capital  Silicon  Valley  Apple  Pay  Square  PayPal  Google  Wallet  Amazon  Stripe  Tapingo  BrainTree  Bitcoin 
september 2014 by asterisk2a
Bitcoin trading volume -
71% of bitcoin trades over the past 30 days were in the Chinese Yuan mkt; 23% were USD
China  Bitcoin 
september 2014 by asterisk2a
Why I’m Bullish on the News - POLITICO Magazine
Go maximum mass or maximum specific. [...] News organizations are also going to have to mix and match revenue models. I see eight obvious ones: advertising, subscriptions, premium content, events, cross-media promotion, crowdfunding, micropayments and philanthropy. [...] Today, this same science culture, this civilization of engineers and math, is again on the rise. And to many, it feels like it’s running away with the future. [...] The point is that, for people who aren’t deep into math and science and technology, it is going to get far harder to understand the world going forward. || + + +
investigative  journalism  journalism  journalismus  citizenjournalism  Marc  Andreessen  news  industry  news  paper  nytimes  Silicon  Valley  Niche  Content  Technology  advertising  advertisement  craigslist  job  board  revenue  model  business  plan  business  model  freemium  marketplace  technological  history  internet  culture  culture  shock  mass  culture  subculture  Pop  Popular  BuzzFeed  Twitter  Social  Media  Facebook  Reddit  history  science  culture  science  Moore's  Law  unintended  consequences  unknown  unknowns  complexity  disrupting  markets  disruption  publishing  publishing2.0  self-publishing  publishing  2.0  singularity  BitCoin  communication  public  relations  PR  Nate  Silver  monopoly  oligopol  oligopoly  barriers  to  entry  print  magazine  print-is-dead  Jeff  Jarvis  marketplace  of  ideas  Viral  Viral  Video  entrepreneurial  entrepreneurship  Gary  Vaynerchuk  Huffington  Post  Gawker  Washington  Post  NPR 
may 2014 by asterisk2a
Bitcoin 2.0: Unleash The Sidechains | TechCrunch
Never mind “don’t be evil”; we want to build a company that actually can’t be evil. - The distributed nature of Bitcoin has caused people to speculate about autonomous corporations powered by blockchains, which sounds like a creepy Kafka-meets-Gibson notion if I ever heard one. On the other hand, a company which committed to behaving in a particular way, not with a mere promise, but with an enforceable and cryptographically ironclad contract, might be much worthier of the public’s trust than your standard amoral corporation. This is, of course, all highly speculative verging on cloud-cuckoo-land until people actually start shipping code which turns these notions into reality. What interests me most about sidechains is that, if implemented, they might bring that day closer, by aiding and accelerating the entire ecosystem of blockchain innovation. And I’m awfully curious about what Hill and Back still have up their sleeve (no, they didn’t tell me.) Interesting times indeed.
BitCoin  cryptocurrency  blockchain  blockchains  sidechain  sidechains  Silicon  Valley  autonomous  corporation 
april 2014 by asterisk2a
Satoshi: Why Newsweek isn’t convincing | Felix Salmon
From my perspective, then, there’s a big disconnect between what I now know about Goodman’s methodology, on the one hand, and how that methodology is generally perceived by the people talking about her story on the internet, on the other. With hindsight, I think that Goodman’s story would have elicited much less derision if she had framed it as a first-person narrative, telling the story of how she and her team found Dorian and were persuaded that he was their man. The story would surely have been more persuasive if she had gone into much more detail about the many dead ends she encountered along the way. The fateful quote would then have come at the end of the story, acting as a final datapoint confirming everything that the team had laboriously put together, rather than coming at the beginning, out of the blue. If Newsweek wanted the greatest chance of arriving at the truth, it would have conducted its investigation openly, with the help of many others. That would be the bloggy way
journalism  journalismus  investigative  journalism  Bitcoin  storytelling  blog  blogosphere  blogging  bloggers  Reddit  Newsweek 
march 2014 by asterisk2a
The media invade our lives, corrupt the First... - Nassim Nicholas Taleb
The media invade our lives, corrupt the First Amendment for the purpose of voyeurism (for profit), instead of taking risks for exposing fraud and ethical breaches. | Violation of Nakamoto's privacy by Goodman @truth_eater shd be reciprocal: journos should also have their privacy in jeopardy #skininthegame [...] Aside from cluelessness about "forensics", Goodman's treatment of Nakamoto marks the conflation of reporting with voyeurism [...] Can't figure out why I am so upset abt Nakamoto's privacy. Centuries of legal evolution based of burden of evidence. Sympathy for the man. [...] .@felixsalmon ETHICS: If .1% probability of error/harming yourself, you wouldn't take the risk. Why did she harm Nakamoto? #skininthegame [...] Severe invasion of privacy even if she is right. Unlike artists/polititicians he did not ask to have a public life. [...] Ms Goodman, there is something despicable about you and your profession. Voyeurism is not journalism. [...]violating people's privacy for profit?
celebrity  culture  Voyeurism  gossip  investigative  journalism  journalism  journalismus  Public  Life  Privacy  fraud  ethical  moral  governance  corporate  governance  transparency  accountability  Career  Politicians  policy  Bitcoin 
march 2014 by asterisk2a

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