Bitcoin Could Be About To Surge To $100,000 After Stock-To

Crypto-Powered: Understanding Bitcoin, Ethereum, and DeFi

Crypto-Powered: Understanding Bitcoin, Ethereum, and DeFi
Until one understands the basics of this tech, they won’t be able to grasp or appreciate the impact it has on our digital bank, Genesis Block.
https://reddit.com/link/ho4bif/video/n0euarkifu951/player
This is the second post of Crypto-Powered — a new series that examines what it means for Genesis Block to be a digital bank that’s powered by crypto, blockchain, and decentralized protocols.
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Our previous post set the stage for this series. We discussed the state of consumer finance and how the success of today’s high-flying fintech unicorns will be short-lived as long as they’re building on legacy finance — a weak foundation that is ripe for massive disruption.
Instead, the future of consumer finance belongs to those who are deeply familiar with blockchain tech & decentralized protocols, build on it as the foundation, and know how to take it to the world. Like Genesis Block.
Today we begin our journey down the crypto rabbit hole. This post will be an important introduction for those still learning about Bitcoin, Ethereum, or DeFi (Decentralized Finance). This post (and the next few) will go into greater detail about how this technology gives Genesis Block an edge, a superpower, and an unfair advantage. Let’s dive in…
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Bitcoin: The First Cryptocurrency

There are plenty of online resources to learn about Bitcoin (Coinbase, Binance, Gemini, Naval, Alex Gladstein, Marc Andreessen, Chris Dixon). I don’t wanna spend a lot of time on that here, but let’s do a quick overview for those still getting ramped up.
Cryptocurrency is the most popular use-case of blockchain technology today. And Bitcoin was the first cryptocurrency to be invented.
Bitcoin is the most decentralized of all crypto assets today — no government, company, or third party can control or censor it.
Bitcoin has two primary features (as do most other cryptocurrencies):
  1. Send Value You can send value to anyone, anywhere in the world. Nobody can intercept, delay or stop it — not even governments or financial institutions. Unlike with traditional money transfers or bank wires, there are no layers of middlemen. This results in a process that is much more cost-efficient. Some popular use-cases include remittances and cross-border payments.
  2. Store Value With nothing but a smartphone, you can become your own bank and store your own funds. Nobody can seize your assets. The funds are digital and stored on a blockchain. Your money no longer needs to be stored at a bank, in a vault, or under your mattress. I covered a few inspiring use-cases in a previous post. They include banking the unbanked, protecting assets from government seizure, mitigating the risk of a bank run, and protection against hyperinflation (like what recently happened in Venezuela).
The fact that there are so few things one can do with Bitcoin is one of its greatest strengths.
Its design is simple, elegant, and focused. It has been 10+ years since Satoshi’s white paper and no one has been able to crack or hack the Bitcoin network. With a market cap of $170B, there is plenty of incentive to try.
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Public Awareness

A few negative moments in Bitcoin’s history include the collapse of Mt. Gox — which resulted in hundreds of millions of customer funds being stolen — as well as Bitcoin’s role in dark markets like Silk Road — where Bitcoin arguably found its initial userbase.
However, like most breakthrough technology, Bitcoin is neither good nor bad. It’s neutral. People can use it for good or they can use it for evil. Thankfully, it’s being used less and less for illicit activity. Criminals are starting to understand that transactions on a blockchain are public and traceable — it’s exactly the type of system they usually try to avoid. And it’s true, at this point “a lot more” crimes are actually committed with fiat than crypto.
As a result, the perception of bitcoin and cryptocurrency has been changing over the years to a more positive light.
Bitcoin has even started to enter the world of media & entertainment. It’s been mentioned in Hollywood films like Spiderman: Into the Spider-Verse and in songs from major artists like Eminem. It’s been mentioned in countless TV shows like Billions, The Simpsons, Big Bang Theory, Gray’s Anatomy, Family Guy, and more.
As covid19 has ravaged economies and central banks have been printing money, Bitcoin has caught the attention of many legendary Wall Street investors like Paul Tudor Jones, saying that Bitcoin is a great bet against inflation (reminding him of Gold in the 1970s).
Cash App already lets their 25M users buy Bitcoin. It’s rumored that PayPal and Venmo will soon let their 325M users start buying Bitcoin. Bitcoin is by far the most dominant cryptocurrency and is showing no signs of slowing down. For more than a decade it has delivered on its core use-cases — being able to send or store value.
At this point, Bitcoin has very much entered the zeitgeist of modern pop culture — at least in the West.
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Ethereum: Programmable Money

When Ethereum launched in 2015, it opened up a world of new possibilities and use-cases for crypto. With Ethereum Smart Contracts (i.e. applications), this exciting new digital money (cryptocurrency) became a lot less dumb. Developers could now build applications that go beyond the simple use-cases of “send value” & “store value.” They could program cryptocurrency to have rules, behavior, and logic to respond to different inputs. And always enforced by code. Additional reading on Ethereum from Linda Xie or Vitalik Buterin.
Because these applications are built on blockchain technology (Ethereum), they preserve many of the same characteristics as Bitcoin: no one can stop, censor or shut down these apps because they are decentralized.
One of the first major use-cases on Ethereum was the ability to mint and create your own token, your own cryptocurrency. Many companies used this as a way to fundraise from the public. This led to the 2017 ICO bubble (Initial Coin Offerings). Some tokens — and the apps/networks they powered — were fascinating and innovative. Most tokens were pointless. And many tokens were outright scams. Additional token reading from Fred Ehrsam, Balaji, and Naval.
https://reddit.com/link/ho4bif/video/b5b1jh9ofu951/player

Digital Gold Rush

Just as tokens grew in popularity in 2017–2018, so did online marketplaces where these tokens could be bought, sold, and traded. This was a fledgling asset class — the merchants selling picks, axes, and shovels were finally starting to emerge.
I had a front-row seat — both as an investor and token creator. This was the Wild West with all the frontier drama & scandal that you’d expect.
Binance — now the world’s largest crypto exchange —was launched during this time. They along with many others (especially from Asia) made it really easy for speculators, traders, and degenerate gamblers to participate in these markets. Similar to other financial markets, the goal was straightforward: buy low and sell high.
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That period left an embarrassing stain on our industry that we’ve still been trying to recover from. It was a period rampant with market manipulation, pump-and-dumps, and scams. To some extent, the crypto industry still suffers from that today, but it’s nothing compared to what it was then.
While the potential of getting filthy rich brought a lot of fly-by-nighters and charlatans into the industry, it also brought a lot of innovators, entrepreneurs, and builders.
The launch and growth of Ethereum has been an incredible technological breakthrough. As with past tech breakthroughs, it has led to a wave of innovation, experimentation, and development. The creativity around tokens, smart contracts, and decentralized applications has been fascinating to witness. Now a few years later, the fruits of those labors are starting to be realized.

DeFi: Decentralized Finance

So as a reminder, tokens are cryptocurrencies. Cryptocurrencies can carry value. And value is a lot like money. Because tokens are natively integrated with Ethereum, it’s been natural for developers to build applications related to financial services — things like lending, borrowing, saving, investing, payments, and insurance. In the last few years, there has been a groundswell of developer momentum building in this area of financial protocols. This segment of the industry is known as DeFi (Decentralized Finance).
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In Q2 of 2020, 97% of all Ethereum activity was DeFi-related. Total DeFi transaction volume has reached $11.5B. The current value locked inside DeFi protocols is approaching $2 Billion (double from a month ago). DeFi’s meteoric growth cannot be ignored.
Most of that growth can be attributed to exciting protocols like Compound, Maker, Synthetix, Balancer, Aave, dYdX, and Uniswap. These DeFi protocols and the financial services they offer are quickly becoming some of the most popular use-cases for blockchain technology today.
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This impressive growth in DeFi certainly hasn’t come without growing pains. Unlike with Bitcoin, there are near-infinite applications one can develop on Ethereum. Sometimes bugs (or typos) can slip through code reviews, testing, and audits — resulting in loss of funds.
Our next post will go much deeper on DeFi.

Wrap Up

I know that for the hardcore crypto people, what we covered today is nothing new. But for those who are still getting up to speed, welcome! I hope this was helpful and that it fuels your interest to learn more.
Until you understand the basics of this technology, you won’t be able to fully appreciate the impact that it has on our new digital bank, Genesis Block. You won’t be able to understand the implications, how it relates, or how it helps.
After today’s post, some of you probably have a lot more questions. What are specific examples or use-cases of DeFi? Why does it need to be on a blockchain? What benefits does it bring to Genesis Block and our users?
In upcoming posts, we answer these questions. Today’s post was just Level 1. It set the foundation for where we’re headed next: even deeper down the crypto rabbit hole.
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Other Ways to Consume Today's Episode:
We have a lot more content coming. Be sure to follow our channels: https://genesisblock.com/follow/
Have you already downloaded the app? We're Genesis Block, a new digital bank that's powered by crypto & decentralized protocols. The app is live in the App Store (iOS & Android). Get the link to download at https://genesisblock.com/download
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Current Fads in Bitcoin | Nuv Mining

Bitcoin is improved the idea that cash is any object, or any kind of document, accepted as settlement for items as well as solutions and payment of financial debts in a provided nation or socio-economic collection. Bitcoin uses cryptography, or mathematical formulas, to manage the creation as well as transfer of cash, instead of depending on governments and also main financial authorities. Transfers for finances, sales, purchases or any various other approaches of payment can be refined by anyone, making use of a desktop computer, mobile phone, tablet computer, or laptop. This is all feasible without the requirement for a financial institution to work as an intermediary or taping representative.
Nuv Mining
Developed in 2009, Bitcoin is a digital money introduced as open resource software program by an MIT trainee called Satoshi Nakamoto. There is much conjecture as to whether Satoshi is an actual person, or a collection of individuals making use of a pseudonym. Bitcoin are produced by a process termed mining, in which specialized computer full complex mathematic equations and also are compensated with a block of bitcoins. This procedure takes around 10 minutes and the current block rewards 25 bitcoins. The block reward will certainly be halved to 12.5 bitcoins in 2017 as well as again around every 4 years thereafter. By 2140 there will be approximately 21 million bitcoins in existence.
nuvmining
This week has revealed a speedy of task with company owner of all red stripes getting on track with Bitcoin. From small companies in New Orleans, to the Sacramento Kings of the NBA approving Bitcoin for ticket sales and also team materiel, to gambling enterprises in Las vega, Bitcoin is popping up all over. Venture Capitalist Chris Dixon thinks Bitcoin might get to $100,000 if it ends up being the main means of ecommerce (Wired ). The Chief Executive Officer of a major online merchant was priced quote as claiming "Various other stores will certainly not wish to miss out, Bitcoin market is growing by 30% per month." This very same seller saw a 5% boost in sales the very first day it accepted Bitcoin. Zynga Games, among the largest on the internet gaming business, in charge of Farmville, Castleville, and a host of others also began accepting Bitcoin for in game monetary transactions. After the five Large Financial institutions said no to cash from cannabis dispensaries as well as growers, Colorado's lawful cannabis dispensary industry turned to Bitcoin (ZeroHedge ). The Internal Revenue Service has also recently introduced a project that enables tax obligations to be paid with Bitcoin. There has actually been Bitcoin ATM MACHINE's appearing in cities such as Vancouver, Ottawa, and a Bratislava Slovakia mall. Just recently, the New York City Bitcoin ATM was put on hold until a public hearing under the territory of the New York State Division of Financial Solutions can be held.
After flirting with the $1,000 worth following the New Year, Bitcoin has actually been gradually trading at around $950 on the Mt. Gox exchange over the last fortnight and is being well supported by the 50 day relocating average indicating Bitcoin is still distinctly favorable. This was shocking to most experts who thought the governing information appearing of China, India, and Russia would certainly rupture Bitcoins bubble. However, Michael Robinson, with over thirty years of experience in market analysis, believes the majority of experts are wrong. He recommends that the strong improvement we saw in very early December, coupled with the consistent assistance of the 50 day moving average, shows Bitcoin is an exceptionally healthy and balanced market, as well as need to only remain to raise in value.
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A Cryptocurrency Custody Battle Is A-Brewing—The Ledger

Talk about a custody battle. A slew of startups and established financial giants are vying to become the trusted vault for cryptocurrency investors’ wealth, a potentially lucrative business that could greatly boost the market for digital assets.
A glimpse of the fight: After months of rumors, Coinbase officially acquired Xapo, the cryptocurrency custody business known for hoarding Bitcoin in a Swiss mountain. My colleague Jeff Roberts broke news of the $55 million deal last week. Apparently, Coinbase outbid Fidelity, the decades-old financial giant, which has lately been busy getting its own cryptocurrency custody business off the ground.
At least one competitor saw fit to tamp down Coinbase’s triumph. BitGo, an early cryptocurrency custody provider, claimed in a blog post that it has been receiving calls from Xapo customers who are worried about the transfer. “The clients calling us are concerned about the safety of their digital assets,” BitGo wrote. No doubt eyeing a sales opportunity, the firm said it would offer “qualifying clients” a year of custodial service free of charge. (Shortly thereafter, BitGo also hired a top Xapo executive as its chief revenue officer.)
A land-grab is clearly underway—pun intended, given Xapo’s granite fortress—and other rivals want a piece of the action too. Let’s not forget Anchorage, a startup that recently raised millions of dollars from Visa. (Both companies are founding members of Facebook’s cryptocurrency coalition, Libra.) And Bakkt, a sibling of the New York Stock Exchange which counts Microsoft and Starbucks among its backers, finally appears poised for its long-awaited debut. The venture said Friday it had received a regulatory green light; it plans to launch its product on September 23 (despite originally planning to launch at the end of last year).
If institutional money is truly going to flow from the sidelines into the digital asset industry, as many cryptocurrency enthusiasts hope and expect, custody will be key. Earlier this year when I spoke to Chris Dixon, a cryptocurrency investor at Andreessen Horowitz, he described custody as “the single biggest piece of infrastructure holding back the growth of the space.” A lot has happened since then.
Brian Armstrong, Coinbase’s CEO, is ebullient about the prospects. “The institutional space for crypto is going through a period of incredible growth. Many still don’t realize it,” he wrote in a post on Twitter earlier this month. Custody “has been a huge unlock for the industry,” he added.
The real unlock will come, however, when regulators issue clearer guidance about what exactly constitutes a qualified custodian in the realm of cryptocurrency. In July, the Securities and Exchange Commission and the Financial Industry Regulatory Authority, or FINRA, released preliminary joint guidance on the issue. But the statement didn’t do much to clarify the situation, other than to serve as a signal that the powers that be are mulling the question.
In the meantime, institutional investors courageous enough to move ahead in the cryptocurrency market must choose their custodians carefully. I have a meeting scheduled later this week with the head of digital assets and blockchain at State Street, the world’s second biggest custodial bank, and you can bet I’ll be probing the subject with him.
Robert Hackett | @rhhackett | [email protected]
* More Details Here
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The Real Benefits of Blockchain Are Here. They’re Being Ignored

The Real Benefits of Blockchain Are Here. They’re Being Ignored
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Article by Coindesk: Roham Gharegozlou , Brian Flynn
Introducing as many people as possible to the benefits of decentralization is a cause almost everyone in this industry shares. The issue is that, in making the technology more accessible, many developers are sacrificing the benefits of decentralization for the sake of convenience.
A decentralized product should keep three key promises to its customers:
  • Censorship-resistant: your stuff is safe and can’t be tampered with
  • Self-sovereign: you own and control your assets, identity, and data
  • Open ecosystems: everyone gets value from new contributions
Dapper Labs has a few horses in this race: we started with CryptoKitties, still the most popular blockchain game by transaction volume, and recently announced NBA Top Shot, a new blockchain-based ecosystem being developed in partnership with the NBA and NBPA. We also shipped Dapper, one of the first ‘smart wallets’ for ethereum.
The value of censorship resistance and customers owning their own data is relatively well understood. Less attention is being paid to the other big benefit of crypto that centralized approaches compromise: open ecosystems.

Open ecosystems are the cornerstone

Open ecosystems enable anyone to contribute to a platform or someone else’s work on the platform and receive rewards for their work. On ethereum, we’re seeing open ecosystems appear in the realm of decentralized finance (DeFi).
MakerDAO’s DAI, an algorithmic stablecoin, is used by dapps like Dharma, Compound Finance, and many others. These decentralized lending applications provide competitive rates using Dai to attract borrowers while enabling lenders to earn from assets they already own.
Compound Finance and Uniswap make MakerDAO stronger when combined together as opposed to existing individually. These open ecosystems are even multi-layered, using smart contracts from multiple primitives to create infinite possibilities. For example, Opyn is a non-custodial trading platform built on top of Ethereum, Compound, Uniswap, and MakerDAO’s DAI.
Without Compound or Uniswap, Opyn wouldn’t be able to exist.
“The combination of Primitives will enable the creation of protocols and systems that weren’t possible prior to their existence. These emergent systems will be greater than any of the individual primitives on their own.” — The Emergence of Cryptoeconomic Primitives by Jacob Horne

Turning creators, users and developers into stakeholders

In an open ecosystem, users, developers, and the original creators can all capture value.
Users get more choice (because anyone can add features on anything), and users ultimately decide what’s important. The speed of software innovation increases because developers can use each others code like lego blocks.
Developers who build on existing code are, in many ways, marketing the original creator’s product for them, further increasing the reach of the brand. In return, developers tap into an existing and qualified user base.
As a result, trust is built through a cyclical relationship between all participating parties.
“I feel like we’re in a unique position where the users of the platform have an incentive to work hard to see the platform succeed, and if given the opportunity, we would move mountains.” – kabciane, a KittyVerse developer creating numerous utility contracts
In the context of MakerDAO’s DAI, every developer using DAI in their dapp is preaching what MakerDAO has done for the decentralized finance ecosystem.

Why aren’t there more blockchain games?

Open ecosystems have significant long-term benefits, but as CoinDesk’s Brady Dale recently pointed out, they’re difficult to create in games. By using sidechains or centralizing the data that matters most to third-party creators, dapp developers are inhibiting potential open ecosystems tied to their experiences.
Developers are building full-stack games, with most of the data existing off-chain, resulting in less composability, less shared data, and effectively closed ecosystems.
One of the major design decisions for CryptoKitties was to compute and store the genes on the ethereum blockchain. It would have been far easier not to do so, and the resulting experience would have been more accessible — but many of the things that make CryptoKitties interesting or valuable to this day would have been possible.
Developers need access to these genes to make third-party games like KotoWars and Mythereum, both of which create more utility and value for specific genes (i.e. certain cats are more valuable because these experiences exist).
If CryptoKitties had decided to reduce the decentralized value of the game for the sake of accessibility, The KittyVerse wouldn’t exist, the game wouldn’t be as trustworthy, and the tokens wouldn’t have nearly as much value or utility to players as a result.

Open ecosystems are important outside of DeFi

Cheeze Wizards, Dapper Labs’ newest game, attempts to leverage as many lessons as possible from CryptoKitties.
It’s specifically designed as an open ecosystem: third-party developers can utilize the Cheeze Wizards API and art assets before the game launches its first official tournament later this summer. Cheeze Wizards is further encouraging developers to play in the open ecosystem via a month-long hackathon, with $15,000 in cash prizes and a whole host of other rewards as incentives.
Cheeze Wizards itself is composed of “tournaments” hosted by either Dapper Labs or third-party developers. The contract and logic for these tournaments are entirely on-chain, which means any developer can create their own tournament and take a percentage from the amount raised.
The tournament contract is a built-in business model for developers to build on top of existing IP, something that has never been possible before with second-layer experiences.
Acknowledging the reality that ethereum doesn’t scale today, CheezeWizards is really by and for the crypto community.
Blockchains and dapps can be designed so developers can earn their fair share in contributing to an ecosystem. Rewarding developers for maintaining or improving a network is the hidden treasure that’s yearning to be discovered by open ecosystems.
“In the same way that the vibrant ecosystem of exchanges and consumer experiences around bitcoin, ether, and ERC20 drove liquidity for the assets, the ecosystem created by [third party] experiences will be what drives consumer excitement and confidence in digitally scarce assets.” – Blockchain Gaming, Separating the signal from the noise by Devin Finzer

Choices we make now will shape the future

Many developers are turning to so-called “Layer 2” scaling solutions (e.g. sidechains, Lightning network) to reduce the load on the base blockchain and provide a better user experience. Major corporations are also beginning to build on blockchain technology, compromising decentralization in favor of performance.
The pendulum for blockchain games in particular seems to be swinging towards more centralized solutions in a bid to attract mainstream users.
Unfortunately, while this means that while developers will have users interact cheaply and easily with their application, the major benefit of building software in an open ecosystem — like the network effects of other developers — will be impossible to realize.
Apps on sidechains and sharded blockchains will have a difficult time communicating with each other because of the friction and lack of standards to transport digital assets across networks.
On the other hand, applications on networks that support open ecosystems can build on each other freely and transparently, creating more choice for consumers and compounding network effects for the system as a whole.
“Decentralized systems start out half-baked but, under the right conditions, grow exponentially as they attract new contributors.” – “Why Decentralization Matters” by Chris Dixon
We want to push the pendulum back in the other direction, toward open ecosystems and permissionless composability. Open ecosystems empower customers as well as developers, ultimately creating more value for everyone involved.
Swings image via Shutterstock
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Bernanke never said that "Bitcoin may hold long-term promise", and other bitcoin quotes corrected with sources

During the course of my research, I made a collection of Bitcoin quotes that I could use in different publications.
Many "famous people bitcoin quotes" are false, misquoted and without sources. Using those quotes is bad for everyone.
The first, and most horribly fasle quote, is Bernanke's famous quote: "Bitoin may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.”
1) The quote is actually from Alan Blinder
2) The quote is from 1995
3) The quote has nothing to do with Bitcoin
This is the full quote:
Dear Senators: Thank you for your recent inquiry regarding virtual currencies. As you noted, virtual currencies have been receiving increased attention from U.S. authorities over the past several months.
Historically, virtual currencies have been viewed as a form of “electronic money” or area of payment system technology that has been evolving over the past 20 years. Over time, these types of innovations have received attention from Congress as well as U.S. regulators. For example, in 1995, the U.S. House of Representatives held hearings on “the future of money” at which early versions of virtual currencies and other innovations were discussed. Vice Chairman Alan Blinder’s testimony at that time made the key point that while these types of innovations may pose risks related to law enforcement and supervisory matters, there are also areas in which they may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.
Read more: http://www.businessinsider.com/ben-bernanke-on-bitcoin-2013-11#ixzz2qgGXCYKk
I know some of you already know that this quote is badly cited, but believe me it is being used by every journalist and "expert" out there (google Bernanke bitcoin quote, you'll se that I'm right).
EDIT: Bernanke is not paraphrasing Blinder in order to support a positive / negative opinion of Bitcoin. He quotes Blinder in the introduction of his letter as a way to show that monetary innovations was already a topic of interest back in 1995
There was another post with Bitcoin quotes from famous people here: http://www.reddit.com/Bitcoin/comments/1ohza2/quotes_about_bitcoin_from_famous_people/
Many of these quotes were misquoted, false or without references. I took the liberty to create a legit quotes list with sources:
"I think Bitcoin is a techno tour de force." - Bill Gates, Founder of Microsoft Fox News, May 6, 2013 Original source: http://video.foxbusiness.com/v/2359385547001/
“I gave a talk back in November of ‘99 on […] how encrypted money was going to change the world. I do think bitcoin is the first one of these that has the potential to do something like that. - Peter Thiel, Co-Founder of Paypal. Secondary source: http://www.appstorechronicle.com/2013/11/exclusive-peter-thiel-bitcoin.html#ixzz2pdIR3w8w
“It’s fascinating to watch what’s happened with Bitcoin. Congress has just been spending a week looking at it, they might bring some regulations, but I just hope that it will not stifle innovations of new tech novalties like Bitcoin” Sir Richard Branson, Novembre 22th 2013 Original source: http://video.cnbc.com/gallery/?play=1&video=3000220731
“I think the fact that within the Bitcoin universe an algorithm replaces the functions of [the government] … is actually pretty cool” Al Gore, former US vice president and winner of the Nobel Peace prize Secondary source: http://www.pymnts.com/briefing-room/commerce-3-0/the-innovation-project-2013/al-gore-speaks-on-mobile-money-and-the-global-mind/
“Virtual currency systems, so long as they comply with applicable anti money-laundering and money transmission laws and regulations are not inherently illegal and they can be appealing to consumers because they can provide cheap, efficient and convenient means to transfer currency.” Mythili Raman of the Department of Justice Criminal Division Original source: http://online.wsj.com/article/65405E2A-CD8B-4B70-B8DD-9E7A19D05A61.html#!65405E2A-CD8B-4B70-B8DD-9E7A19D05A61
“Bitcoin is the most important invention in the history of the world since the internet. Roger Ver, CEO of MemoryDealers.com Original source: http://rogerver.com
“Three eras of currency: Commodity based, e.g. Gold., Politically based, e.g. Dollar, Math based, e.g. Bitcoin” Chris Dixon, Personal investor in technology startups Original source: http://nonchalantrepreneur.com/post/46485623457/three-eras-of-currency
"Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.” - Nassim Nicholas Taleb, Ph.D statistician, author, and advisor to the IMF Original source: http://nassimtaleb.org/tag/bitcoin/
"Bitcoin is going to be a big player in the future of the exchange of goods and services" Jennifer Shasky Calvery, the director of the Treasury Department’s Financial Crimes Enforcement Network Original source: http://www.c-spanvideo.org/program/DigitalCu
“The decision to bring virtual currency within the scope of our regulatory framework should be viewed by those who respect and obey the basic rule of law as a positive development for this sector. It recognizes the innovation virtual currencies provide, and the benefits they might offer society,” Jennifer Shasky Calvery, the director of the Treasury Department’s Financial Crimes Enforcement Network. Original source: http://www.c-spanvideo.org/program/DigitalCu
"A number of smart people both inside and outside of government view bitcoin as a major emerging issue that is deserving of our attention" - Senator Tom Carper (D) Original source: http://www.youtube.com/watch?v=x8Y71IXEK8w
“It [Bitcoin] is a huge, huge, huge deal […] it is gold 2.0” - Chamath Palihapitiya, venture capitalist and former Facebook executive Original source: https://www.youtube.com/watch?v=59uTUpO8Dzw&feature=youtu.be&t=19m14s
"Bitcoin may be the TCP/IP of money." - Paul Buchheit, Creator of Gmail https://twitter.com/paultoo/status/328969714283995136
“We have elected to put our money and faith in a mathematical framework that is free of politics and human error.” - Tyler Winklevoss, Winklevoss Bitcoin Trust Original source: http://abcnews.go.com/Technology/winklevosses-turn-bitcoin-turmoil/story?id=18941399
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Bitcoin Basics (Part 3) - bitcoin - YouTube Market Pulse - SPX & $BTC Rise Again, Will Printing Ever Stop? Top investors explain bitcoin: A PandoMonthly mashup The Alarming Truth About Bitcoin Exchanges

Chris Dixon, a general partner at venture firm Andreessen Horowitz, shared in an interview with Medium his position on blockchain technology and its impact upon companies such as Facebook, Google, and Apple. To Dixon, the internet, “is much more like Disneyland. . . . After raising $8 million in a funding round in January, the company attracted new investments from Marc Andreessen and Chris Dixon. The new investments bring Scalar’s total assets to more than $20 million. Andreessen and Dixon are just two of the high-profile names attached to the company. Bitcoin investors yesterday cheered the bitcoin price soaring over $10,000 per bitcoin (again)—though their celebrations were short lived. The bitcoin price, after a number of recent runs at the psychological $10,000 level, surged to highs of $10,430 on the Luxembourg-based Bitstamp exchange on Monday evening only to crash back less than 24 hours later. However,... Tech Entrepreneur & Investor Chris Dixon Explains Why You Should Give a Damn About Bitcoin. Chris Dixon, general partner at venture capital firm Andreessen Horowitz, thinks you should reconsider Bitcoin has been struggling to break over the $10,000 per bitcoin level since its highly-anticipated supply squeeze—but that could be about to change.. The bitcoin price, up around 30% since the

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Bitcoin Basics (Part 3) - "Exchanges"

Andreessen Horowitz (a16z) General Partner Chris Dixon discusses “Crypto Networks and Why They Matter,” giving an overview of the crypto space, the transform... Get our free Bitcoin course here - http://chrisdunn.com/bitcoin-basics ===== Join our wealth building community for investors and entrepreneurs: https://chri... Ever since bitcoin entered the mainstream lexicon, Sarah Lacy has asked almost all of our PandoMonthly guests for their thoughts on the controversial crypto-currency. Rather than comb through each ... 🚀 SUBSCRIBE TO NEWSLETTER: http://bankless.substack.com/ STARTING GUIDE BANKLESS: https://bit.ly/37Q17uI ️JOIN PRIVATE DISCORD: https://bit.ly/2UVI10O 🎙️SU... Simon Dixon 64,727 views. 40:37. Bitcoin Brief ... On The Record w/ Chris Slaughter & Willy Woo - LVL Bank/Exchange & Bitcoin Talk - Duration: 2:08:44.

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