Demystifying Blockchain

I’m concerned about the amount of “blockchain will cure cancer” type prophecies. Many of blockchain’s most vocal proponents are so ill qualified when it comes to understanding the technology yet they hum along singing the benefits. Don’t get me wrong. I’m a blockchain supporter, but I fear it’s being oversold and failures to live up […]

Bitpay and Bitcoin

This is a really good article about Bitpay’s recent troubles. http://www.technologyreview.com/view/541901/the-troubles-of-bitcoins-paypal-show-why-the-cryptocurrency-is-not-a-good-payment/ This was very much what I’ve been saying all along. Without people earning payment in Bitcoin, there is no incentive for me to take the time to obtain Bitcoin. Bitpay is its own worst enemy because it facilitates merchants “accepting” Bitcoin without actually having […]

Robots, drones, DAOs and #bitcoin

One of the fascinating aspects of Bitcoin is that you don’t have to be human to own Bitcoin. Throughout the history of money, money was the possessed by people. Men, women and even children can own money, either in physical form such as cash or currency or in electronic, digital or even tied to an […]

The long tail of Bitcoin adoption

The long tail of Bitcoin Much has been said about the slow, nearly flat, adoption rate of Bitcoin in 2014. Unfortunately, many of the writers are to embed in the existing paradigm to understand why Bitcoin is different from previous technologies and why this adoption rate isn’t troubling. The first distinguishing factor is that Bitcoin […]

Freelancers are the Future

One of my more frequent comments on Bitcoin is the need for a ecosystem and a reduction on the reliance of BTC<->fiat transactions. Those sorts of transactions are a drag on Bitcoin’s widespread adoption, especially when the transactions are easy one way but hard the other. Unfortunately, companies such as BitPay, in their zeal to […]

How FINCEN regulations affects cloud based solutions in payment tech.

Just a few weeks ago, the Financial Crimes Enforcement Network (FINCEN) released a ruling about the applicability of the payment processor exception to a Bitcoin based company. As a little background, generally any company that transfers value between one party and another (or from one location to another) is deemed a money transmitter and subject […]

Bitcoin and Recurring Billing

I had a discussion a few weeks back with one of the team working on SexCoin, one of the myriad of alt-coins flooding the market. They definitely have name branding right but still miss the boat in the overall justification section. Litecoin recently tanked after one holder dump his/her holdings. DogeCoin took a similar dive, […]

An open letter to Priceline

I’ve been an avid user of Priceline’s Name Your Own Price™ for hotels for years. I have 56 hotel stays in the last 2 years (from my history) and before that I refused to register but used Priceline in guest mode. I’m sure I’ve had over 100 hotel stays, mostly with Name Your Own Price™ […]

Bitcoin and the Zombie Apolcalypse

Today I get to talk about two of my favorite topics: Bitcoin and the Zombie Apocalypse. Though both have entered popular culture, unfortunately only one is real. But there is a real phenomenon very closely related to the day of the dead that has relevance to the Bitcoin community. That phenomenon is a pandemic. A […]