Tag: Bitcoin
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Dear Cannabis Entrepreneurs: Enjoy Ruling Your Small Pond While You Can
byBy Patrick Hall Nobody in the cannabis business likes federal prohibition but when it ends they will all find themselves in competition with global corporations that are already preparing to enter the market. The following is an unpopular opinion, but still true: Federal prohibition of cannabis gives businesses an advantage right now. State-by-state legalization certainly causes […]
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Brand Safety Is Not the Place to Cut Corners in Your Marketing Budget
byBy Burt Dixon It’s a dangerous digital world out there today for brands, and marketers and advertisers cannot afford to put consumer trust at risk. When it comes to brand safety, 75 percent of brands say they have experienced at least one brand-unsafe incident in the last year alone. It’s an especially staggering number when you consider the resources that […]
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The Opportunity cost of Cryptocurrencies
byIs Bitcoin a currency ? Or for that matter, is any other cryptocurrency a currency ? This is a question that is often asked. And the answer that is often given is that just like any other currency, they allow for the transfer and store of value. By using a shared ledger that is distributed among users […]
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Birthday blues for bitcoin as investors face year-on-year loss
byBitcoin was heading toward a year-on-year loss on Wednesday, its 10th birthday, the first loss since last year’s bull market, when the original and biggest digital coin muscled its way to worldwide attention with months of frenzied buying. By 1300 GMT, bitcoin BTC=BTSP was trading at $6,263 on the BitStamp exchange, leaving investors who had bought it […]
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Brazilian Bitcoin Exchange Wins Standoff as Bank Reopens Account to Avoid Fines
byBanco do Brasil reportedly even held $32,300 of the exchange’s funds in limbo. A lawsuit against it was filed on Sept. 12. Initially, an injunction was denied, but judge Fátima Rafael, from the Federal District Court, later gave the financial institution a 24-hour period to reopen Bitcoin Max’s accounts or face a fine of about […]
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Did a Canadian Crypto Exchange Steal All Its User Funds?
byBy Laura Desmond Canada just renegotiated NAFTA, legalized marijuana, and is now the scene of crypto’s most recent exit scam A small crypto exchange in Canada is crying “hack”, but it appears they pulled off an exit scam disappearing with ~$6 million worth of bitcoin. An exit scam is when an exchange builds up a reserve […]
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How everyone’s wrong about the energy used in Bitcoin mining
byThere’s no such thing as a free lunch. There’s no such thing as a zero sum game. The 2nd law of thermodynamics tells us this. You know, the one about entropy and how everything will be really, really lame in a couple of trillion years. There’s no action without an equally big reaction somewhere. This is […]
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It’s not too late to “break in” to crypto
byI receive a lot of emails from crypto enthusiasts asking for advice on how to “break in” to crypto. And I totally get it! After all, crypto is a highly technical and multi-disciplinary field that moves at a breakneck speed. Having been on the other side, I know and empathize with the struggle of trying […]
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The meaning in the madness of initial coin offerings
byThere is an ICO bubble. But it holds out the promise of something important. Markets and manias go together. The latest frenzy is for all things crypto. The price of the best-known digital currency, bitcoin, has risen by nearly 700% this year and is now about $7,500; one enterprising firm recently quadrupled its share price […]
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How Crypto Billionaires Fake it Until They Become it The Power of Manipulation in Cryptopia
by“Market cap” is terrible signal in crypto: — I could create a token — Hold 1 trillion tokens for myself — Sell 1 token for $1 — Token now has $1 trillion market cap — And I have $999,999,999,999 of tokens This is obviously absurd. Whats interesting about this is the Opposite point of View An interesting intellectual construct to consider How many people does it take to […]
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