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In 24 hours Bitcoin mining difficulty will be 10 billion times higher than 4 years ago.
Don't bother explaining Bitcoin to grown ups. Explain it to teens. They will get it and they will change the world.
Pay privacy: only merchant and your bank know who you are. Bitcoin: there is no bank and merchant only sees money, not your personal data.
Bitcoin is not a protocol of transfer, but a protocol of ownership. Coins never travel, but simply switch owners.
If Bitcoin was ever competing with Paypal or Visa, it would not even start. It competes with gold and central banks.
The whole point of cypherpunk tech (Bitcoin, Tor etc) is to bypass ethical discussions entirely and protect people from each other for real.
At this point no one can stop "pocket swiss accounts" just like no one can uninvent the printing press and tcp/ip.
Tomorrow US will announce auction winners for confiscated 30K bitcoins. I predict the price will be at least 3x the market (>$1800/btc).
My new rant on Bitcoin Maximalism. http://blog.oleganza.com/post/140634349543/bitcoin-maximalism … Downvote here: https://www.reddit.com/r/Bitcoin/comments/49dg44/arguments_for_bitcoin_maximalism/ …
Why asymmetric security of crypto-cash matters. Banks seize digital IOUs. Cops seize paper. https://www.washingtonpost.com/news/wonk/wp/2016/03/28/the-feds-have-resumed-a-controversial-program-that-lets-cops-take-stuff-and-keep-it/ … pic.twitter.com/2nYSqx4nNz
The government's anger at people encrypting themselves away from the gov's reach is strictly proportional to the gov's irrelevance.
Lead architect of Chain OS. Author of BTCRuby, CoreBitcoin and Gitbox.
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