Category: bitcoin
Projects based on the elimination of trust have failed to capture customers’ interest because trust is actually so damn valuable. A lawless and mistrustful world where self-interest is the only principle and paranoia is the only source of safety is a not a paradise but a crypto-medieval hellhole.
Its failure to achieve adoption to date is because systems built on trust, norms, and institutions inherently function better than the type of no-need-for-trusted-parties systems blockchain envisions. That’s permanent: no matter how much blockchain improves it is still headed in the wrong direction.
This December I wrote a w idel y–ci rc ul ated article on the inapplicability of blockchain to any actual problem. People objected mostly not to the technology argument, but rather hoped that decentralization could produce integrity.
Let’s start with this: Venmo is a free service to transfer dollars, and bitcoin transfers are not free. Yet after I wrote an article last December saying bitcoin had no use, someone responded that Venmo and Paypal are raking in consumers’ money and people should switch to bitcoin.
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As he sits stroking his Rip Van Winkle-worthy beard, it’s easy to see how de Grey’s achieved this “kind of a spiritual leader-status,” as he calls it. He dives easily into intricate explanations of two research projects unfolding in the lab down the hall, eagerly describing how one studies mitochondrial mutations, which are thought to cause an increase in oxidative stress. The other looks at atherosclerosis, the narrowing and hardening of artery walls. If we understood more about this buildup, the logic goes, we could better clean it up before too much damage is done.
Though he attends lab meetings and oversees the SENS’s research, his primary task is convincing the general public that death is, in fact, bad and that we should be doing everything we can to stop it. This focus on messaging suits him just fine. “I’m not in this to do science for the sake of doing science,” he says. “I’m in it for the ultimate goal.” He does a “ridiculous” amount of media, he says, and gives around 50 talks a year, from Vietnam to the Czech Republic.
Back in April, at a San Francisco blockchain conference called Block 2 the Future, de Grey began his talk with a disclaimer: “I probably ought to start by emphasizing that I don’t know fuck-all about cryptocurrencies. I am really only here because I have apparently quite a significant fan base in this community, and I am delighted that I do.”
Bitcoin advanced to the highest level of 2019, the latest milestone for cryptocurrencies as they claw back from a year that saw three-quarters of their market value wiped out.
The biggest digital coin on Monday rose as much as 1.6 percent to $4,135.60, the top intraday level since Dec. 24, according to weekday trading data compiled by Bloomberg. So-called alternative coins rallied more, with Dash jumping as much as 31 percent and Monero increasing as much as 10 percent.
Bitcoin is close to breaking above an intraday level set on Christmas Eve. That day marked the end of a U.S. stocks selloff, after which the S&P 500 Index started a rally that continued through March and reversed most of the fourth-quarter rout.
Bitcoin spenders can now use the lightning network to shop at e-commerce sites like Amazon.
Crypto payment processing startup Moon announced today that any lightning-enabled wallet can now also be used through Moon’s browser extension. Before this lightning feature, roughly 250 beta users already used Moon to spend crypto on e-commerce sites by connecting the browser extension to exchange accounts like Coinbase.
Moon CEO Ken Kruger told CoinDesk:
Bitnation is growing up.
🔥 🔥 🔥 NEW RELEASE: #BITNATION JURISDICTION v. 1.4.0 for Android and iOS 🤩 🥳 🥰
The 1.4.0 release has been a crazy road! After the 1.3.4 release, we thought “this app somehow does not say: ”I’m a virtual nation” or ”I’m a blockchain jurisdiction”, but rather we thought it looked more like a confused web3 app which didn’t really know its purpose.
Hence we went back to the drawing board, to put the governance functions in the very center of the user experience. The result is 3 bottom menu main categories, including TOWNHALL, NATIONS and the brand new GOVMARKET. All other functions moved to a new side menu.