Crypto

The Fifth Protocol

“Wait a minute… Make up your mind. This Snow Crash thing—is it a virus, a drug, or a religion?” Juanita shrugs. “What’s the difference?” – Snow Crash Cryptocurrencies will create a fifth protocol layer powering the next generation of the Internet. Humans don’t *need* math-based cryptocurrencies when dealing with other humans. More
Apr 1 2014

The Bitcoin Model for Crowdfunding

Bitcoin is not just a protocol or money, it’s a new business model for Open Source Software. Prior to Bitcoin, you had to raise money, write software, distribute your product, build a business model, and work towards liquidity. Angels, VCs, salespeople and bankers guided you the entire way, through a maze of tolls and controls. More
Mar 9 2014

Bitcoin: The Internet of Money

This post is old – I wrote it for Wired, which just published an excerpt in “The Wired World in 2014” issue, but the article was written in July. Apologies for the obsolescence. Bitcoin will eventually be recognized as a platform for building new financial services. Most people are only familiar with (b)itcoin the electronic currency, but more important is (B)itcoin, with a capital B, the underlying protocol, which encapsulates and distributes the functions of contract law. More
Nov 7 2013