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David Rangel
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Note: This post was also published as an Insight on Venture Scanner. Venture Scanner provides information and insights on different startup ecosystems, including Bitcoin. Thanks to the Venture Scanner team. Irving Wladawsky-Berger, a well-known and very distinguished technologist, has a recent post in the Wall Street Journal that exemplifies the... Continue reading
Posted Feb 19, 2014 at The Business of Bitcoin
In my previous post on payments, I went over the different factors that would influence fees in a Bitcoin-based payment system. In this post I'll try to be more concrete about potential merchant savings. First three notes: Let me emphasize again that any numbers discussed here are just rough estimates.... Continue reading
Posted Feb 7, 2014 at The Business of Bitcoin
Payments is a big topic, with intricacies that can make it confusing. And it's not getting any simpler, with Bitcoin coming onto the scene and many companies, like Apple and Amazon, now potentially entering mobile payments. There are even rumours that Starbucks may be planning a rollout of their mobile... Continue reading
Posted Feb 2, 2014 at The Business of Bitcoin
As mentioned in my frameworks post, one of Bitcoin's key applications is its role in facilitating consumer/merchant payments. In fact, many are judging its success, rightly or wrongly, by how much it's being used in day-to-day B2C transactions. So this begs the question: what will drive adoption among both merchants... Continue reading
Posted Jan 28, 2014 at The Business of Bitcoin
The last two posts have been about how Bitcoin works, how this gives rise to value, how it compares to offline alternatives and how we can think about its long term potential. But to get a complete picture of the fundamentals there is one more topic to cover: the network... Continue reading
Posted Jan 19, 2014 at The Business of Bitcoin
In the previous post I discussed the interplay between the Bitcoin protocol and the Bitcoin currency and some of its implications. To sum up, there are two interesting points to make: 1) Bitcoin is often thought of as a one-dimensional virtual currency. This is incorrect as the underlying protocol enables... Continue reading
Posted Jan 17, 2014 at The Business of Bitcoin
D - I agree with you. "Intrinsic value" just means that someone will buy it from you under some circumstances. But it is misleading since people talk about gold and the dollar having this intrinsic value as if they were special somehow, but they aren't. But that is the point of the post - since you can provably get a valuable service on the Bitcoin network in exchange for Bitcoins, they are worth something (and have intrinsic value, for those that insist on using the term). Thanks for the comment. David
Toggle Commented Jan 14, 2014 on The nature of Bitcoin at The Business of Bitcoin
Note: if you are not familiar with how Bitcoin works from a technical perspective, you may want to read some background first. It is not strictly necessary, but probably useful. I would recommend this post by Michael Nielsen or the original paper (PDF) by Satoshi Nakamoto. The first item in... Continue reading
Posted Jan 12, 2014 at The Business of Bitcoin
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There are a number of things that Bitcoin doubters bring up (and rightly so) and that will need to get ironed out if Bitcoin, in one form or another, will end up being successful. Here is a quick initial rundown of the major issues (in no particular order): 1) High... Continue reading
Posted Jan 4, 2014 at The Business of Bitcoin
One of the main issues standing in the way of a wider understanding of Bitcoin is that there are a number of concepts that have not always been well explained in the general media writeups on Bitcoin. These concepts relate to both technology and business. With that in mind, here... Continue reading
Posted Jan 2, 2014 at The Business of Bitcoin
I first heard of Bitcoin about 2 years ago (sometime in 2011), although I forget exactly how. I thought it was a great thing, with a lot of promise and I thought seriously about buying a few just to understand it better and force myself to follow it as it... Continue reading
Posted Dec 20, 2013 at The Business of Bitcoin
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Mar 15, 2010