Autopsy of the Bitconnect Implosion: Ponzi, Centralization, Governance

Ponzi lending smart bot scam Bitconnect finally did what most sane observers predicted long, long ago. It went splat. And it didn’t collapse due to government pressure, nor flurries of bad press, and certainly not from DDoS hacking attacks. The story is more of a ballad, a great object lesson, and it is the lie … Read more

Study Shows Bitcoin and Ethereum Are Far Too Centralized Right Now

Whenever new research surfaces regarding Bitcoin and other cryptocurrencies, interesting things are bound to happen. The latest publication of such research on Hacking Distributed points out some interesting aspects of Bitcoin and Ethereum. None of it is actually surprising, but it does show that some things will need to change very soon. That’s especially true in regards to … Read more

Facebook’s Mark Zuckerberg Resolution: “Give People the Power” via Cryptocurrency

Mark Zuckerberg, founder, chairman, and CEO of social media platform Facebook, has posted his annual challenge. It’s often a look back at major events, taking stock of the year, and appraising what’s ahead. This year, he ended his note with a pointed call to “take power from centralized systems” by employing uses for “encryption and … Read more