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Our CEO discovered #Bitcoin in 2009 on @HackerNews and became quickly fascinated by it through his interests in peer-to-peer technologies and finance. He started trading #Bitcoins in 2010 and implemented his own #Bitcoin client not much later to understand the protocol in detail
Since then, he has been following it for more than 10-years through three distinct periods he calls; “Ealy stages (2009–2013)”, “Becoming Mainstream (2014–2017)”, and “#Altcoin Explosion (2018 -2020)”
Although the value of #Bitcoin and other #Cryptos have increased, they did not become as successful as he thought they could...
The technology behind #Bitcoin, #Blockchain, is a great #innovation but has some significant issues. Below, we provide our CEO’s analysis of these issues across 3 categories; https://t.co/7OTtWyDep9 2.Governance and 3.Scalability
The lack of #security in #Blockchains is almost there by design: a hack, a password loss, or hard disk crash is permanent, and the transaction cannot be reversed. You need to make backups, but not too many and you can never really trust a third-party with them...
Since then, he has been following it for more than 10-years through three distinct periods he calls; “Ealy stages (2009–2013)”, “Becoming Mainstream (2014–2017)”, and “#Altcoin Explosion (2018 -2020)”
Although the value of #Bitcoin and other #Cryptos have increased, they did not become as successful as he thought they could...
The technology behind #Bitcoin, #Blockchain, is a great #innovation but has some significant issues. Below, we provide our CEO’s analysis of these issues across 3 categories; https://t.co/7OTtWyDep9 2.Governance and 3.Scalability
The lack of #security in #Blockchains is almost there by design: a hack, a password loss, or hard disk crash is permanent, and the transaction cannot be reversed. You need to make backups, but not too many and you can never really trust a third-party with them...