I've recently heard from many who are confused by the recent cryptotoken excitement as it relates to Bitcoin. This is understandable and I wanted to quickly share my thoughts.My belief is that Bitcoin adoption will continue like it always has. What's changed is that practical innovation is now happening much more quickly on other blockchains because of the risk averse nature of the Bitcoin devs. Bitcoin is a digital asset with a market value of $10B that millions of people around the world rely on. The core devs are prudent in their risk aversion. The risk aversion means that innovation in Bitcoin is now mostly academic (see projects like Mimblewimble) while innovation on other blockchains is mostly practical (see Ethereum, Zcash, and Steem). Practical innovation is crucial for progress, though it's riskier (as we've seen with failures like The DAO).So with that, here's a Q&A with the founder of one of the most interesting projects to launch this year...
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Control - Issue #6
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I've recently heard from many who are confused by the recent cryptotoken excitement as it relates to Bitcoin. This is understandable and I wanted to quickly share my thoughts.My belief is that Bitcoin adoption will continue like it always has. What's changed is that practical innovation is now happening much more quickly on other blockchains because of the risk averse nature of the Bitcoin devs. Bitcoin is a digital asset with a market value of $10B that millions of people around the world rely on. The core devs are prudent in their risk aversion. The risk aversion means that innovation in Bitcoin is now mostly academic (see projects like Mimblewimble) while innovation on other blockchains is mostly practical (see Ethereum, Zcash, and Steem). Practical innovation is crucial for progress, though it's riskier (as we've seen with failures like The DAO).So with that, here's a Q&A with the founder of one of the most interesting projects to launch this year...