Blockchain Bubble or Revolution: The Future of Bitcoin, Blockchains, and Cryptocurrencies
Neel Mehtaamazon.com
Blockchain Bubble or Revolution: The Future of Bitcoin, Blockchains, and Cryptocurrencies
but for most private blockchain projects, it’s not the technology that matters — it’s getting adoption, getting people comfortable with change, and working out all the legal and financial difficulties that come up.
Neel Mehta • Blockchain Bubble or Revolution: The Future of Bitcoin, Blockchains, and Cryptocurrencies
We’d argue it’s because implementing a private blockchain isn’t really a technical challenge at all; it’s a social challenge.
Neel Mehta • Blockchain Bubble or Revolution: The Future of Bitcoin, Blockchains, and Cryptocurrencies
They are much better than startups at getting large groups of people to change their behavior
Neel Mehta • Blockchain Bubble or Revolution: The Future of Bitcoin, Blockchains, and Cryptocurrencies
Big companies, for all their slowness in picking up new technologies, are very good at these people problems.
Neel Mehta • Blockchain Bubble or Revolution: The Future of Bitcoin, Blockchains, and Cryptocurrencies
Anyway, investors would use their voting tokens to vote on startups they wanted to invest in, and winning startups would automatically get a slice of the fundraising pie. It was a radically new model of venture capitalism: partners and hierarchy were out, and democratic decision-making was in.
Neel Mehta • Blockchain Bubble or Revolution: The Future of Bitcoin, Blockchains, and Cryptocurrencies
Bitmain never reached the magic 51% (or, rather, 50% + 1 hash per second) benchmark, but GHash was above it for a few days.[391] To calm the community’s nerves, the GHash CIO swore to never mount a 51% attack[392] and pledged to cap GHash’s market share to 40% going forward.[393]
Neel Mehta • Blockchain Bubble or Revolution: The Future of Bitcoin, Blockchains, and Cryptocurrencies
three main things that hold Bitcoin back from being a viable payment system are the fees, waiting times, and volatility.
Neel Mehta • Blockchain Bubble or Revolution: The Future of Bitcoin, Blockchains, and Cryptocurrencies
top 15 pools mine about 95% of all Bitcoin blocks.[383]
Neel Mehta • Blockchain Bubble or Revolution: The Future of Bitcoin, Blockchains, and Cryptocurrencies
In July 2016, the pro-fork activists were tired of the debate and decided to hard fork the Ethereum blockchain, creating a new version of the currency that returned stolen money to investors. This new version, confusingly, kept the original name Ethereum. The anti-fork group continued to recognize the original, unaltered blockchain as the official ... See more