“A standard protocol for machines to negotiate bitcoin payments for resources”

Great idea from Brian Armstrong of Coinbase: 1/ Seems like there should be a standard protocol for machines to negotiate bitcoin payments for resources. 2/ Examples could be getting access to wifi hot spots, your car finding charging stations, mesh networks (net taker/giver). 3/ Devices could be like vending machines, you drop them out somewhere, […]

“Bitcoin is the currency the internet deserves and needs”

George Gilder discusses the importance of Bitcoin in a very interesting interview: To have a civilization you need more than just bits and bytes. You need contracts, transactions, provable facts, titles, notarization, identities etc. You need all these other factors that can’t be accommodated very well on the existing internet. So you have to banks and all these […]

Bitcoin and volatility

The beauty of software platforms is that you can solve almost any problem by writing more software. For example, one of the most common criticisms of Bitcoin is that it is too volatile and speculative to be used as a payment system.  Merchants want the stability of government-backed currencies. Buyers don’t want their Bitcoin exposure to fluctuate whenever they […]

Four categories of Bitcoin-related projects

New Bitcoin-related software projects are launching every day. From what I can tell these projects fall into four main categories: Bitcoin apps and services: These try to make Bitcoin more accessible, stable, secure, and useful. Examples: wallets, merchant services, fiat-to-crypto exchanges, crypto-to-crypto exchanges, Bitcoin derivatives exchanges, tipping services, and merchant microtransaction services. Bitcoin protocol extensions: These […]