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Archive for the ‘cryptocurrencies’ category

Oct 7, 2018

Ric Edelman: Bitcoin will be an asset class

Posted by in categories: bitcoin, cryptocurrencies, economics, finance, government, innovation

Kudos to WallStreet analyst and advisor, Ric Edelman. He drank the Kool-Aid, he understands a profound sea change, and he sees the ducks starting to line up.

Check out the clearly articulated interview, below, with Bob Pisani at the New York Stock Exchange and legendary Wall Street advisor, Ric Edelman, (Not my term…That’s what CNBC anchor, Melissa Lee, calls him). Read between the lines, especially the last words in the video, below.

Ric Edleman has just joined Bitwise as both investor and advisor. This lends credibility and gravitas to the organization that created the world’s first cryptocurrency index fund. Bitwise benefits from Edelman’s affiliation, because the US has been slow (some would say “cautious”) in recognizing the facts on the ground: Cryptocurrency is already an asset class.

Edelman fully embraces a strong future for Bitcoin—not just as a currency or payment instrument, but as a legal and recognized asset class; one that is at the starting line of a wide open racetrack. He explains that the SEC sets a high bar for offering a Bitcoin ETF, but that this will be achieved. It will pave the way for large institutions, pension funds, etc to allocate a portion of money under management for blockchain products.

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Oct 4, 2018

US Customs Official Claims Crypto Conversions Can Be Traced

Posted by in category: cryptocurrencies

U.S. immigration official Matthew Allen said his division can find criminals using cryptocurrencies when they convert from fiat.

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Sep 28, 2018

Trust: the inside story of the rise and fall of Ethereum

Posted by in categories: bitcoin, cryptocurrencies, law

But there’s a catch: what about the faithful ‘execution’ of a contract? Doesn’t that require trust as well? What good is an agreement, after all, if the text is there but people don’t respect it, and don’t follow through on their obligations? Which brings us back to the crucial matter of how Buterin managed to piss off so many people.


The great cryptocurrency heist.

Blockchain enthusiasts crave a world without bankers, lawyers or fat-cat executives. There’s just one problem: trust.

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Sep 25, 2018

Disruption Experience Nails It

Posted by in categories: bitcoin, cryptocurrencies, economics, education, finance, innovation, internet, policy, robotics/AI

The Disruption Experience this Friday in Singapore is a blockchain event with a difference. With apologies to the Buick commercial, this is not your grandfather’s conference

I know a few things about blockchain conferences. I produced and hosted the first Bitcoin Event in New York. My organization develops cryptocurrency standards and practices. We help banks and governments create policy and services. And as public speaker for a standards organization, I have delivered keynote presentations at conferences and Expos in Dubai, Gujarat India, Montreal and Tampa, New York and Boston.

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Aug 28, 2018

How Cryptocurrencies Can Influence the Future of Freedom

Posted by in categories: cryptocurrencies, futurism

“It’s the first time that humans have ever had the ability to send money around the world globally without anyone being able to stop it,” he said. “You can argue that it’s the first time in our history that we have real censorship resistance.”

Gladstein feels we’re at a crossroads as a society—we’ll either go down a centralized path where our interactions are surveilled and censored, or we’ll go down a decentralized one that preserves our essential freedoms and rights.

Technology’s role is somewhat paradoxical in this crossroads; some forms can serve as a tool of control for governments or companies, while other forms put more power in the hands of citizens.

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Aug 26, 2018

These Crypto Tycoons Are About to Learn How Rich They Really Are

Posted by in category: cryptocurrencies

Some of the world’s biggest cryptocurrency tycoons are about to find out how much they’re really worth.

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Aug 24, 2018

After the Bitcoin Boom: Hard Lessons for Cryptocurrency Investors

Posted by in categories: bitcoin, cryptocurrencies, finance

The virtual currency markets have been through booms and busts before — and recovered to boom again. But this bust could have a more lasting impact on the technology’s adoption because of the sheer number of ordinary people who invested in digital tokens over the last year, and who are likely to associate cryptocurrencies with financial ruin for a very long time.


The number of people who bought virtual currencies more than doubled last winter. For people who got in late, the bust has been disastrous.

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Aug 11, 2018

Crypto Unicorn Bitmain Weighs $18 Billion IPO, One of World’s Largest

Posted by in category: cryptocurrencies

Bitmain is going public in China. The IPO might make it one of the most valuable startups, cryptocurrency or not, to ever debut on the public markets.

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Aug 4, 2018

How will Bitcoin Work When Mining Rewards Run Out?

Posted by in categories: bitcoin, cryptocurrencies, economics, internet

Let us frame the question, by reviewing what miners really do…

Miners play a critical role in the Bitcoin network. Their activity (searching for a nonce) results in assembling an immutable string of blocks that corroborate and log the universal transaction record. They are the distributed bookkeepers that replace old-school banks in recording and vouching for everyone’s purchase or savings.

From the perspective of a miner, there is no obvious connection between their activity and the worldwide network of bitcoin transactions and record keeping. They are simply playing an online game and competing against thousands of other miners in an effort to solve a complex and ongoing math problem. As they arrive at answers to small pieces of the problem, they are rewarded with bitcoin, which can be easily translated into any currency.

What is the Problem?

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Jul 31, 2018

Is Bitcoin Erasing 300 years of Monetary Evolution?

Posted by in categories: bitcoin, cryptocurrencies, economics, finance, government, innovation

Today, economist and Nobel laureate, Paul Krugman, wrote in the New York Times, that Bitcoin is taking us back 300 years in monetary evolution. As a result, he predicts all sorts of bad things.

A significant basis for Mr. Krugman’s argument is that the US dollar has value because men with guns say it does.

Is Bitcoin erasing 300 years of monetary evolution?

Running with the metaphor that fundamental change to an economic mechanism represents ‘evolution’, I think a more accurate statement is that Bitcoin is not erasing the lessons of history. Rather, it is the current step in the evolution of money. Of course, with living species, evolution is a gradual process based on natural selection and adaptation. With Bitcoin, change is coming up in the rear view mirror at lightning speed.

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