How many people are currently using Bitcoin? How fast is the Bitcoin network growing relative to other revolutionary technologies and top tech companies? Is Bitcoin a bubble? Is BTC overvalued or undervalued? Is Bitcoin dead? Or will it someday take over entire industries? Does Bitcoin have the potential to someday become integral to global finance, […]
Origins In brief, hypershitcoinization is a meme; and as with most memes, it has a long and convoluted history—one of which I’ll attempt to explain here. To fully understand the origins of term, a brief overview of fundamental economic forces, concepts, relevant examples, and memes is in order.
“If I have seen further it is by standing on ye shoulders of Giants.”— Isaac Newton, 1675 On December 6, 2017, Lightning Developers, a medium.com publisher representing the three main parties (ACINQ, Blockstream, and Lightning Labs) that together are building the Lightning Network protocol, announced that Lightning Protocol 1.0 is operational. All tests were passed, […]
On November 28, 2017, the US Senate, Committee of the Judiciary held a hearing regarding bill S.1241: Modernizing AML Laws to Combat Money Laundering and Terrorist Financing. Despite little attention being given to digital currencies during the hearing, bill S.1241 itself would amend the definition of ‘financial institution’ in the United States Code to include […]