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crypto history
Tekelala and • 10 cards
David Gerard • Bitcoin and Hawk Tuah Aren’t So Different
Plus he’d already tried and failed to do it. Back in May 2018, in Berkeley, Sam had asked Gary Wang to write the code for a bitcoin exchange, and within a month Gary had done it. CryptonBTC, it was called. They put it out on the web without any idea how to attract attention to it. No one showed up to trade on it. It was as if it had never happened.
... See moreMichael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
However, a hard fork would run counter to what many in the Bitcoin and Ethereum communities felt was the power of a decentralized ledger. Forcefully removing funds from an account violated the concept of immutability. This was exacerbated by the fact that a centralized set of players was making the decision. Many complained of moral hazard, and
... See moreChris Burniske • Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond
As one New York Times headline put it in January 2018, “Everyone Is Getting Hilariously Rich and You’re Not.”