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Isaac Morehouse. Jackson Laskey of Unbounded Capital and Jack Liu of Relayx, Dimely, and Streamanity debate the pros and cons of venture capital for bitcoin businesses Be the first to comment. KC1 4 months ago. At some point so many big VCs will be trying to get in, that will be the peak opportunity.
Wait for when you hear company x is hiring developers this week, that's when they'll actually be paying up. Hlynur 5 months ago. Having issues with the video freezing at minute Benjamin 5 months ago. For those just looking for some heat Jack they are both Jack turns up the heat from Low to Medium the mark.
The owner of streamanity looking to make sure his audience gets what it paid for. Gotta love it! Logan 5 months ago. From Isaac Morehouse. What is Reality? Thaddeus Russell on , Elections, Covid, and Renegades. Leaders who are shaping the future of business in creative ways. New workplaces, new food sources, new medicine--even an entirely new economic system.
Bitcoin was a clever idea. Idealistic, even. Watching the bitcoin phenomenon is a bit like watching the three-decade decline of the internet from a playspace for the counterculture to one for venture capitalists. We thought the net would break the monopoly of top-down, corporate media. Public and private keys are used to hide and verify the identity of the parties in a transaction. In return for dedicating all that hardware and wattage authenticating transactions and recording them in a ledger known as the blockchain, they are rewarded with bitcoin.
In essence, bitcoin is money built and maintained by nerds, based on the premise that good nerds will outnumber the bad nerds. At its most ambitious, bitcoin is meant to provide an anonymous, decentralized, frictionless, and incorruptible form of transaction—an alternative to the extractive, central, bank-issued currencies now enjoying a virtual monopoly in our economies.
Central currency is not the only kind of money that ever existed. For many centuries, gold and other precious metals served as money. The problem with gold was that it was so scarce and valuable in its own right, that no one wanted to spend it on daily necessities such as bread or chicken. Gold was hoarded, and really only useful for long-distance trading between the wealthy. During the Crusades, however, many European communities adopted the more flexible market money systems they had seen used in Moorish territories.
But this sort of money was fabulous for trade, which was the whole point of money, anyway. Everybody who had a way of creating value—whether making shoes or growing grain—now had a way of exchanging that value with others. The former peasants of feudalism became the merchant middle class, working just three or four days a week, and exhibiting a level of skeletal growth a sign of health larger than at any time in the history of humanity, until the s.
As the poor grew wealthy, the wealthy grew relatively poorer. So they outlawed local moneys, and replaced them with central currency. No, central currency was valuable by decree. All money was borrowed from the central treasury, at a rate of interest set by the king.