Bitcoin Is Dead (Again), Long Live Bitcoin (Again)

not-dead-yet Oh, the drama, such drama. Last week, longtime Bitcoin developer Mike Hearn declared “the Bitcoin experiment…has failed,” and resigned from that community with a fusillade of verbal grenades (and a New York Times profile of his dissent.) This in turn provoked a whole torrent of hot takes and reactions, which mostly had one thing in common: contempt for all who disagree. Read More

not-dead-yet Oh, the drama, such drama. Last week, longtime Bitcoin developer Mike Hearn declared “the Bitcoin experiment…has failed,” and resigned from that community with a fusillade of verbal grenades (and a New York Times profile of his dissent.) This in turn provoked a whole torrent of hot takes and reactions, which mostly had one thing in common: contempt for all who disagree. Read More

The GoProblem

giphy Action cameras are like tablets. Lots of people want ONE. But very few need to constantly update to the latest model. I suspect this is why GoPro’s sales are slowing, it’s reduced sales forecasts, and it had to lay off 7% of its employees this week. It’s hitting market saturation. Many of the people likely to buy a GoPro already have one and don’t need another.… Read More

giphy Action cameras are like tablets. Lots of people want ONE. But very few need to constantly update to the latest model. I suspect this is why GoPro’s sales are slowing, it’s reduced sales forecasts, and it had to lay off 7% of its employees this week. It’s hitting market saturation. Many of the people likely to buy a GoPro already have one and don’t need another.… Read More

The Cruel Inequities

animal-farm There are few people in technology more infuriating than Y Combinator’s Paul Graham, who earlier this month dropped a brilliant summary and analysis of the ongoing refragmentation of modern societies, followed immediately by a blinkered, muddled, wrong-headed essay on technology’s role in economic inequality. The response from his fellow tech VCs was remarkable. Read More

animal-farm There are few people in technology more infuriating than Y Combinator’s Paul Graham, who earlier this month dropped a brilliant summary and analysis of the ongoing refragmentation of modern societies, followed immediately by a blinkered, muddled, wrong-headed essay on technology’s role in economic inequality. The response from his fellow tech VCs was remarkable. Read More

Colleges Are Overreacting Like Your Parents And Banning Hoverboards

unspecified Surprise, surprise! If you buy cheap off-brand electronics from a shoddy factory in Asia, they may have poorly-designed lithium-ion batteries that can catch fire. After nearly 60 airlines basically banned hoverboards overnight, college campuses are now jumping on the hoverboard hate bandwagon. Over a dozen colleges have banned the two-wheel devices (that don’t actually hover), with… Read More

unspecified Surprise, surprise! If you buy cheap off-brand electronics from a shoddy factory in Asia, they may have poorly-designed lithium-ion batteries that can catch fire. After nearly 60 airlines basically banned hoverboards overnight, college campuses are now jumping on the hoverboard hate bandwagon. Over a dozen colleges have banned the two-wheel devices (that don’t actually hover), with… Read More

Here’s What 10,000 Characters Looks Like

IMG_7629 So, Recode reported today that Twitter was tinkering around with the idea of expanding its 140 character limit to a number a bit higher….10,000 characters. But what, you ask (and I’m glad you did), does 10,000 characters look like? Well, hey. Let’s find out. Soooo, did you see the Warriors game last night? Crazy, right? It was nice to see Harrison Barnes back and the entire… Read More

IMG_7629 So, Recode reported today that Twitter was tinkering around with the idea of expanding its 140 character limit to a number a bit higher….10,000 characters. But what, you ask (and I’m glad you did), does 10,000 characters look like? Well, hey. Let’s find out. Soooo, did you see the Warriors game last night? Crazy, right? It was nice to see Harrison Barnes back and the entire… Read More

Why Bitcoin Matters

Gold_Bars The most epochal financial transaction of this century, to date, occurred on May 22, 2010. It did not involve Wall Street, or the City of London; it took place in Jacksonville, Florida. It did not feature collateralized debt obligations, or credit default swaps. It was a purchase of two Papa John’s pizzas, in exchange for a payment whose present value currently exceeds US $4 million. Read More

Gold_Bars The most epochal financial transaction of this century, to date, occurred on May 22, 2010. It did not involve Wall Street, or the City of London; it took place in Jacksonville, Florida. It did not feature collateralized debt obligations, or credit default swaps. It was a purchase of two Papa John’s pizzas, in exchange for a payment whose present value currently exceeds US $4 million. Read More

From Half-Baked To Overcooked — The “Revolutionary” Evolution Of Crowdfunding

14676804079_cd5ca6e079_k The ratio of overcooked concepts to ideas that might genuinely be called ‘revolutionary’ has long been skewed on crowdfunding platforms, but when a “founder” is pitching a “revolutionary” sponge holder with a straight face a line has surely been crossed. Read More

14676804079_cd5ca6e079_k The ratio of overcooked concepts to ideas that might genuinely be called ‘revolutionary’ has long been skewed on crowdfunding platforms, but when a “founder” is pitching a “revolutionary” sponge holder with a straight face a line has surely been crossed. Read More

Technology And The Deep State

deep-state Donald Trump; Bernie Sanders; Jeremy Corbyn; Marine Le Pen. If you had suggested only a decade ago that any one of those four might become a significant political figure, you would have been laughed out of any room. What has happened to politics as we knew it? Where are the military-industrial complexes of yesteryear? Is this all Facebook’s fault? Sort of. Not really. Let me explain. Read More

deep-state Donald Trump; Bernie Sanders; Jeremy Corbyn; Marine Le Pen. If you had suggested only a decade ago that any one of those four might become a significant political figure, you would have been laughed out of any room. What has happened to politics as we knew it? Where are the military-industrial complexes of yesteryear? Is this all Facebook’s fault? Sort of. Not really. Let me explain. Read More