Fintech
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21 Inc. and the Future of Bitcoin
Bitcoin is commonly characterized as an alternative currency, but actually the core concept has little to do with money. The potential as a protocol is massive, but only if everyone everywhere is connected to the network. 21 Inc. is trying to make that happen.
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Daily Update: What is Happening with Bitcoin?, Republicans and Net Neutrality, Uber Market > Taxi Market
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Daily Update: Amazon is Selling Diapers, Amazon Launches Sortation Centers, AvantCredit and Lending Club
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Daily Update: Bitcoin and China, Samsung Earnings, International Plans for Xiaomi and Lenovo
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The Cost of Bitcoin
Putting aside the particulars of Bitcoin, the potential it represents is absolutely a very big deal. As I’ve written multiple times on Stratechery, the defining characteristic of anything digital is its zero marginal cost. Take apps for example: What makes the software market so fascinating from an economic perspective is that the marginal cost of […]