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A look at the forces driving bitcoin down 23 percent in one week By Michael Carney On August 18, 2014 The price of bitcoin continues to fall sharply as crypto-bulls scramble to understand the seemingly arbitrary decline. Prior to the last week, it had been since late May that the Coin...
My intuition told me that Draper was a man at the crux of these two sentences, and I wanted to get a better sense of what that position looks like in 2014 Silicon Valley. Tim Draper’s father and his father’s father were both successful venture capitalists during earlier iterations of ...
The first event on Lons’ timeline is in 2007 when bitcoin’s pseudonymous creator Satoshi Nakamoto reportedly began working on the crypto-currency concept. This is followed by the August 18, 2008 registration of the Bitcoin.org domain and the subsequent October 31, 2008 publishing of t...
Meet bitcoin’s Capitol Hill champion, a former founder and angel with real startup chops By Michael Carney On June 23, 2014 Bitcoin appears to have a champion on Capitol Hill. Finally. House Representative Jared Polis of Colorado’s Second District has become the crypto-currency commun...
The exact carbon footprint of the bitcoin system is unknown. The above Bitcarbon figures are mere estimates based on several simplistic assumptions. First, the calculation assumes that miners will be willing to spend 90 percent of the value of a single bitcoin to mine it. This could b...
The Internet is magic: Bitcoin Rap Genius goes from Andreessen tweet to reality in record time By Michael Carney On January 22, 2014 The Internet is a remarkable place. There’s a tool for every job and you can always find someone in the crowd willing to fulfill almost any wish – often...
One day, the FBI and potentially other bitcoin titans will look to unload meaningful portions of their digital wealth. The consequences of such selling are impossible to predict, but it will be unlike anything the market has ever seen. If bitcoin adoption becomes sufficiently widespre...
Since launching two months ago, San Mateo-based SnapCard has aimed to make it possible to “buy anything on the Internet using any virtual currency.” The company has built a browser bookmarklet that automates bitcoin checkout process on any ecommerce website. Users simply indicate the ...
