Environmentalists have recently become concerned about the impact Bitcoin mining has on global warming. Headlines such as "Bitcoin Will Burn the Planet Down. The Question: How Fast?" and "Bitcoin Mining Alone Could Raise Global Temperatures Above Critical Limit By 2033" suggest that Bitcoin is an unfolding environmental disaster.
However, those panicking about crypto make three fundamental ...more
In 2013, I designed and built a cryptocurrency exchange for the China market. The basic concept & architecture only took a few days, but the full implementation required several years. I shared the basic architecture in 2013, and with the recent spike in interest in Bitcoin and Ethereum, I thought I would share additional ...more
Happy birthday to Bitcoin! 10 years ago, Satoshi Nakamoto published a white paper for "a Peer-to-Peer Electronic Cash System" which would "allow online payments to be sent directly from one party to another without going through a financial institution." Just a few short months later, the Bitcoin network launched on 3 January 2009. ...more
I encourage people to develop a "side hustle," but they are not suitable for everyone, and many people get hustles that do more harm than good.
The proper function of a side hustle is not to earn a few extra dollars -- it's to grow your value proposition and train for a life of financial independence ...more
Does that big red message look familiar? If your non-profit received a Google Ads Grant (if not, apply here), you may have noticed a major change in Google Ad Grants policy in 2018. Here is a summary of the new rules from Google, and here is a more comprehensive writeup. (Note: Neither list is perfectly ...more
People are shocked when I tell them that prefer living in a one-bedroom, furniture-free apartment with my wife and two kids, even though I can pay cash for a McMansion or two in the 'burbs. Why do most people need more space?
Consider my closet: When I decide what to wear to work in the morning, every ...more
When you have an important business meeting coming up, you put it on your calendar, right?
Why? Because putting things on your calendar prevents double-booked or forgotten plans.
What about your family? Are commitments made to your partner or kids less important than to your coworkers?
What about your commitments to yourself - your health, your education, your ...more
Purchasing Bitcoin and other cryptocurrencies on your own comes with risk. Here are the five most common cryptocurrency scams reported by customers of Bitcoin Wallet Recovery Services:
1: Fake mining contracts: "mining contracts" which offer fantastic payouts, such as doubling your money in 10 hours (see screenshot below). After sending the "mining company" Bitcoin, they either disappear or ask ...more
Reposted from my Quora answer:
The way this question is phrased is problematic.
Are pencils useful to criminals? They can be used to write down schemes for robbing banks, kidnapping letters, etc.
What about guns? Weapons give criminals an edge in committing crimes.
Of course, pencils and guns can be used against criminals as well. Most people would agree that it’s ...more
Here is the actual reason we grow old and die. Are you ready? It's brutal:
Let's say there is a 2% chance that any given primitive human will die from external events each year. He might get eaten by a bear, starve to death, have a bad fall and get left behind by his tribe, get ...more
Sending my daughter a Montessori school costs about $15,000 per year. We have two daughters and plan a third child so we may be paying $45,000 per year for some time to send three kids to private school. The cost is worth it because I do not believe that public schools are capable of preparing ...more
Jeffrey Tucker accepted a title of Research Affiliate for the RMIT University Blockchain Innovation Hub in Melbourne, Australia.
RMIT University is known for applied leading-edge research that engages with business and technology. They are an interdisciplinary team of researchers in economics, political-economy, organizational theory, law, sociology, politics and communications. They work on cryptoeconomics, business strategy and adaptation to blockchain technologies, ...more
Reposted from Quora:
The best way to estimate how many cryptocurrencies will survive the infancy period is to look at other markets.
For example, how many social networks survived the infancy period?
Facebook has 63% market share:
If you use a stricter definition of “social network” to mean “feed-based platforms based around personal profiles” Facebook has over 99.8% market ...more
Digital assets may be the most future-proof investment of our lifetime.
Take Bitcoin. At 10 years old it continues to grow because it crosses more technology solutions and popular use cases than any previous attempt at digital currency. It's positioned right in the middle of the largest trends of the 21st century: distributed platforms, AI, technological singularity, ...more
The Brain Bar is central Europe's leading festival of ideas and technology. This year, the event featured Jeffrey Tucker as the opening keynote to speak about cryptocurrent and blockchain technology and its meaning and future.
Here is a video wrap up of the event. ...more
Tether is a highly capitalized cryptoasset that is distinguished in the space by maintaining a dollar peg to the price of its asset. The growth of this asset has been incredible, as has been the speculation that it maintains too close a relationship with the exchange Bitfinex. It has even been accused of manipulating prices ...more
Storing Bitcoin should be simple. A Bitcoin wallet can be generated from a list of 12 or 24 pseudo-random words (the “mnemonic recovery phrase”). With some wallets, the same words will generate a valid wallet for most existing cryptocurrencies. This word list can be written on paper and placed in a safe (known as “cold storage”), ...more