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Tag: bitcoin

Web3... why hasn't it come to be.

@date=2025-05-11
@tags=web3, crypto-currencies, bitcoin

There was a thread on LinkedIn about the fact that web3 hasn't come to be yet, because it isn't ready. But I think the problem is simple.

Web3 lacks any cohesive definition.

There is a thought cloud of different ideas that somehow get lumped under web3, and some of them have come to be (cryptocu...

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Bitcoin pricing

@date=2015-02-12
@tags=bitcoin

I see so many charts posted predicting the future value of bitcoin.

I love it when people put lines all over price charts hoping to predict the subjective valuation of thousands of irrational actors. 

Trends are meaningless, and mass action will come in response to events out in the wor...

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bitcoins mined

@date=2013-01-01
@tags=bitcoin

So 25 btc are mined every 10 minutes, 3600 per day. At $13 a piece, that is $4800 per day. Considering the number of people that are doing bitcoin mining, it doesn't seem like a lucritive investment - unless you have free/subsidized electricity.