Australian Computer scientist Dr. Craig Wright, who has claimed to be the creator of Bitcoin, founded nChain to accelerate blockchain adoption globally. Since founding the company, he has commented regularly on the bitcoin and blockchain industries.
In a recent interview on Trace Mayer’s Bitcoin Knowledge Podcast, Kraken CEO Jesse Powell discussed the tremendous growth of the cryptocurrency industry in 2017. While Powell admitted that Kraken has had issues scaling to meet the massive influx of new users to the cryptocurrency exchange, he added that the market for cryptocurrencies is still likely to grow at least another ten to a hundred times over in the coming years.
The International site of 8btc News, which describes itself as the oldest and most influential independent news source for bitcoin, blockchain and cryptocurrency in China, has a full text translation of an article written by Yao Qian, Director of the People’s Bank of China (PBOC) Digital Currency Research Institute, on ICOs and token sales (ICOs for short), and the regulation thereof.
The Enterprise Ethereum Alliance (EEA) wants to connect Fortune 500 enterprises, startups, academics, and technology vendors with Ethereum subject matter experts. “Together, we will learn from and build upon the only smart contract supporting blockchain currently running in real-world production – Ethereum – to define enterprise-grade software capable of handling the most complex, highly demanding applications at the speed of business,” states the EEA website.
In a commentary published by The Wall Street Journal, John O. McGinnis, a law professor at Northwestern University, and Kyle W. Roche, a lawyer at Boies Schiller & Flexner, argue that Bitcoin is booming because it’s become a trusted alternative when fiat money’s value is corrupted by politics. I totally agree.
The biggest story in Bitcoin right now is the potential activation of the long-awaited Segregated Witness (SegWit) improvement by August 1st, but not everyone is excited about the agreement that was signed by various Bitcoin companies that led to this planned activation of the changes.
Bitcoin is sometimes thought of as a new, more-democratic form of money that is controlled by the general public, but this point of view may miss the point of the decentralized, peer-to-peer digital cash system.
Various Bitcoin startups around the world have been attempting to bring this new technology to the masses for years, but consumer adoption is nowhere near the levels that some venture capitalists predicted a couple of years ago. However, Abra may have finally figured out the proper design for a bitcoin wallet that can be used by a mainstream userbase.
So you rubes are here to read about blockchains. And I’m here to write about blockchains, and we can all be big old blockchain fans together. To hell with that. I’m sorry to tell you, but blockchains suck. They really suck. They’re a terrible, grotesquely inefficient way of doing anything.