Out of curiosity I bought (a way too small amount of) Bitcoin in 2014. Then I kept ignoring it for several years. First, because I did not see anything in it. Then, because I was simply too lazy. I blamed it on the disgusting hype around it. It was not until June of last year when I was unable resist anymore. I had to chase the rabbit. And, what I realized is that the technologies that drive the Bitcoin hype will inevitably produce a tectonic shift unseen since Tim Berner-Lee invented the hypertext protocol. These technologies will disrupt every business and every industry because they reduce complexity and produce measurable cost reductions. They will rip billions of dollars of inefficiencies out of industries, change the spinal cord of organizations and give raise to new business models. These articles are an attempt to share why.
In 2017 Bitcoin price went 20x from $1,000 to $20,000 increasing the market cap from $18 billion (the size of the global silver market) to $800 billion (close to the value of Apple). This resulted in more Bitcoin transactions than consumers make with Discovery Credit Cards.
To accelerate transactions and increase Bitcoin trade, Bitcoins Futures were launched, which in December 2017 cleared the way for the first Exchange-Traded Fund created by the Winklevoss’ twins, who by now had turned their $11M Facebook cash settlement into a billion dollars Bitcoins fortune. Somehow a great unofficial Part Two of the The Social Network movie.
A movie about the Silk Road is also in the making by the Coen brothers, while during the same time the US government auctioned off the remains of the seized bitcoins of that legendary drug and arms marketplace to Silicon Valley’s Tim Draper.
If this is the moment you choose to follow the rabbit, do not feel intimidated by the technical jargon, the underlying complexity of economics, the unknown, the disorienting and somewhat deranged. Fact is, nobody understands it entirely, not even the world’s experts. Be assured that at the end of this journey you will re-emerge with more clarity, see new opportunities and threats, and hopefully have your own vision of where these technologies are leading us: a new vision of the meadow.
In the next posts I have gathered information, thoughts and hands-on exercises that allow you to dig your path through the rabbit hole.
If this is the moment you choose to follow the rabbit, do not feel intimidated by the technical jargon, the underlying complexity of economics, the unknown, the disorienting and somewhat deranged. Fact is, nobody understands it entirely, not even the world’s experts. Be assured that at the end of this journey you will re-emerge with more clarity, see new opportunities and threats, and hopefully have your own vision of where these technologies are leading us: a new vision of the meadow.
Over the past few years, I’ve read and watched dozens of explanations, and the distinction I’ve found most useful is right there in the name: machine learning is all about enabling computers to learn on their own. But what that means is a much bigger question.
Understand why the technology behind Bitcoin is more important than Bitcoin itself. See the evidence why these technologies are already here, why they will stay and why change is inevitable, no matter if Bitcoin will replace eventually every paper currency or crashes and burn tomorrow.
In 2017 Bitcoin price went 20x from $1,000 to $20,000 increasing the market cap from $18 billion (the size of the global silver market) to $800 billion (close to the value of Apple). This resulted in more Bitcoin transactions than consumers make with Discovery Credit Cards.
To accelerate transactions and increase Bitcoin trade, Bitcoins Futures were launched, which in December 2017 cleared the way for the first Exchange-Traded Fund created by the Winklevoss’ twins, who by now had turned their $11M Facebook cash settlement into a billion dollars Bitcoins fortune. Somehow a great unofficial Part Two of the The Social Network movie.
A movie about the Silk Road is also in the making by the Coen brothers, while during the same time the US government auctioned off the remains of the seized bitcoins of that legendary drug and arms marketplace to Silicon Valley’s Tim Draper.
In 2017 Bitcoin price went 20x from $1,000 to $20,000 increasing the market cap from $18 billion (the size of the global silver market) to $800 billion (close to the value of Apple). This resulted in more Bitcoin transactions than consumers make with Discovery Credit Cards.
To accelerate transactions and increase Bitcoin trade, Bitcoins Futures were launched, which in December 2017 cleared the way for the first Exchange-Traded Fund created by the Winklevoss’ twins, who by now had turned their $11M Facebook cash settlement into a billion dollars Bitcoins fortune. Somehow a great unofficial Part Two of the The Social Network movie.
A movie about the Silk Road is also in the making by the Coen brothers, while during the same time the US government auctioned off the remains of the seized bitcoins of that legendary drug and arms marketplace to Silicon Valley’s Tim Draper.