Based in Singapore, I have been involved and invested in Bitcoin and Cryptocurrencies since 2011. I launched and ran a Bitcoin point-of-sale payment service in 2013 and became one of the representatives of the space in the region, having spoken with various global media and at international conferences.
I focus on projects with real value proposition, proper incentive analysis, and with investors' returns in mind. For consulting or speaking requests, reach out via contact form. To subscribe to posts and updates, fill in the form below.
The only alternative to expending resources on money issuance is a centralized trust. The consequences of trusting governments to manage the supply have been disastrous - ranging from bureaucratic waste to horrible wars. Crypto mining compared to that is a beneficial tradeoff.
Instead of building expensive, unreliable and slow blockchain solutions with no added value as long as those blockchains are permissioned, loyalty programs would be better off using much more simple centralized solutions and using existing, well-known cryptocurrencies for gamification and settlement. But that would mean a bunch of expensive consultants would not get paid as much.
Progressive politicians think legislation is a magic wand, which makes laws of economics and the nature of humans disappear. Instead, they introduce a whole lot of unintended consequences and suffering for those well below their supposedly omniscient radar.
Stablecoins, equity tokens and smart contracts on Bitcoin and Bitcoin Cash will enable well-funded distributed organizations building censorship resistant and permissionless marketplaces.
This article was originally published at e27
In both movable and real estate assets, blockchain can potentially help with providing trustless, immutable ledger. However, the real challenge is elsewhere. With movable assets, it is in recording changes of the assets' states within complex operations of large organizations and groups. In real estate, it is in enforcing the ownership and a necessity for the governments to cease monopoly over law enforcement.
It is of no use for a large legacy energy producer or distributor to experiment with private blockchains just to fill pockets of blockchain consultants. But cryptocurrencies running on open and permissionless blockchains could be the right solution for an underserved market of small communities comprised of net energy producers and consumers.
