Facebook Needs More Data, Not Less, To Survive…

Facebook needs more data not less

Facebook’s Mark Zuckerberg is heading to Capitol Hill today. As the founder and CEO seeks deliverance from his company’s sins, I believe he has a bigger opportunity in all of this. There is a silver lining for Facebook that is hidden in the Cambridge Analytics debacle… And an opportunity to help person to person trust survive, over the long term, on the Internet. But for trust to have any reasonable chance for survival, Facebook must do the exact opposite of what most media observers and politicians will demand…  To survive and…

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What is a Cryptocurrency?

What is a Cryptocurrency?

What is a Cryptocurrency (or Crypto Currency)? A cryptocurrency is a decentralized, digital asset that can be used as a medium of exchange. Cryptocurrencies are referred to as coins or tokens and used as a form of money, like traditional currencies, such as dollars, euros or pesos. What is Blockchain? Cryptocurrencies exist because of a technology called blockchain. Indeed, the main difference between dollars, euros and pesos (which are called “fiat currencies“) and cryptocurrencies is blockchain technology. A blockchain is a decentralized, secure, digital ledger that acts as a record of all…

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Are ICOs Securities? Yes. For Two Reasons.

ICOs Porn and the SEC

Even if there has not yet been a crystal clear ruling by the SEC, there are two main reasons why ICOs are going to be ruled as securities: Stupidity and lawyers. 1) Stupidity: People will literally do anything to make an extra buck… This includes investing in scammy ICOs that, on their face, offer… literally… zero chance of success. But the stupidity doesn’t end at investment… It continues when the “investors” are shocked (SHOCKED!) when their money evaporates after they invest with unscrupulous creeps. Then they complain… To the New…

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In Defense of “Trusted Third Parties”

Third parties

The promise of the blockchain, cryptocurrencies and smart contracts is rooted in the belief that trusted third parties (TTP) should be eliminated from many transactions in our daily lives. In cryptography, a TTP (C) acts as a facilitator between two parties (A and B)  in a transaction. Parties A and B both trust the TTP, which acts as a form of security.   TTPs are used in many commercial marketplace transactions today, from real estate, to stock trading to consumer goods. The logic behind blockchain technology replacing TTPs is that conventional…

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What Are Salt Loans?

Salt Cryptocurrency Lending Platform

Salt is an online blockchain lending platform. Salt loans are made to holders of cryptocurrencies who want to leverage their holdings for cash, while not selling their cryptocurrencies. For a borrower, one of the benefits of holding a cryptocurrency such as Bitcoin is that holdings may have appreciated significantly against a basis. For a lender, one of the benefits of lending against a cryptocurrency is that the value should be simple to verify due to the transparency of the public blockchain. As such, Salt connects borrowers and lenders via the…

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What’s The Difference Between a Coin and a Token?

Coin or Token? What's the difference?

Ask 10 different cryptocurrency experts to describe the difference between a coin and a token and you are likely to get 10 different answers. This is because the cryptocurrency community uses the terms “coin” and “token” interchangeably, all the time. The fact is that both coins and tokens fall under the umbrella term of cryptocurrencies… But they are slightly different. Are Coins and Tokens the Same? This is a fair question, but the answer is no. Coins and tokens are subtly different by their layers of abstraction away from the source of…

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Cryptocurrency Hangover

Bitcoin, Ether, Litecoin, XRP/Ripple and Bitcoin Cash are taking a much needed breather. I feel like I’m suffering from a cryptocurrency hangover. As Coinbase is adding new customer accounts by the hundreds of thousands, I’m guessing that there are at least 15 million people all over the world experiencing the same rushes each day from watching or trading this crazy market. To think that the University of Cambridge estimated that there were only 3 million people in the market back in May 2017.

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Is LendingClub a Blockchain Token Play?

LendingClub (NYSE: LC) is one of the pioneers in online peer to peer lending. Shares of LendingClub have cratered recently, potentially hitting a floor, at around $4.00 per share, since their IPO a few years back. After some major issues, the company has done a good job of continuing to reduce costs and improve the quality of their underwriting of loans. They have also built revenues with modest growth. It seems plausible that LendingClub could further reduce costs, while increasing lending velocity, with their own token based asset system. A…

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Why Did Bitcoin Cash (BCH) Spike?

Bitcoin Cash

Bitcoin Cash (BCH) spiked today because it was added to Coinbase, the most popular cryptocurrency trading platform in the U.S. Bitcoin Cash is a hard fork of the original Bitcoin blockchain. The hard fork happened on August 1st, 2017. A hard fork is a change in the software rules regarding how the blockchain functions, specifically how the blockchain allows new blocks to be created, validated and added to the chain. The fork changed the block size limit from one megabyte (Bitcoin) to eight megabytes (Bitcoin Cash). Holders (HODLers?) of Bitcoin before August…

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