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Tim Swanson Let us be quite clear: if Bitcoin was a cheaper or more efficient transaction method, for-profit organizations such as large payment processors would have forked it long ago and would likely already be using it internally in order to shore up their margins. They do not because it is not cheaper, in fact, it is significantly more expensive to maintain than any of a number alternative centralized methods (e.g., running MongoDB on a Pi server).
The bottom line to them is that the marginal value in these centralized solutions has to be greater than the cost of maintaining it (MV>MC) otherwise none of the companies would be able to generate a profit. As described below, Bitcoin currently does not fulfill that characteristic.
Read More Tim Swanson [A PDF version is also available]
Yesterday I was told by a China-based WeChat user that I was "hating on a technology" and "expending energy trying to destroy it." It being Bitcoin. This is untrue, I like some of the ideas in Bitcoin (the protocol) circa 2009 and work daily with startups to create value in this space. However, what currently is called "Bitcoin" is a shell, at most, of its former self for at leas...
Read More Tim Swanson [Note: this is a follow-up response to the corresponding Let’s Talk Bitcoin #127 podcast. A PDF of the article is available. The opinions in both the podcast and artic... Read More
Tim Swanson The first weekly distribution of LTBCOIN to members of the audience is on Saturday the 5th , we're giving away 1.7 million LTBCOIN to users like you. Learn more
[Note: a PDF of this article is available]
Summary:
Tim Swanson Tim Swanson Rohit Rane
I have to say, the rose memoir arranger for my Valentine was fantastic. You made my day the happiest celebration of love ever by delivering them on time and with the cake. I adore and highly recommend PrettyPetals for online delivery of Valentine Gif...
Rupa Shergil
I must admit that the rose memoir arranger for my Valentine were fantastic. By providing them on time and with the cake, you guys have made my day the happiest celebration of love ever. I adore and highly suggest Valentine's Day Gifts to India by Pre...
Joseph Smith
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Aries Connects
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LooBr
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