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Bitcoin, Blockchain

Dip’s Chips, Part I: How Crypto Mining is Driving the Evolution of Computer Chips

The term Cryptocurrency seems a little complicated at first glance. Many people, including those who work in high-tech disciplines, feel overwhelmed by the new terminology. One of these terms that causes a lot of confusion is “mining”, which describes an important aspect of how bitcoin and many other cryptocurrency networks function. The good news is […]

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Bitcoin, Blockchain

The Golden Triangle: Understanding the Long-Term Profitability and Competitive Dynamics of Mining

Cryptocurrency mining is the compute mechanism that allows for digital currency networks to exist without a trusted third party. This process is adversarial and rewards network nodes (“miners”) for solving a computational puzzle that verifies and records transactions. The economic incentives of this process are the key innovation that makes cryptocurrency distinct from other methods […]

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Bitcoin

Beanie Babies, Innovation, and Data Centers.
Or, Why Bitcoin?

On the day of eBay’s IPO, sales of Beanie Babies accounted for a tenth of all eBay revenues. It may surprise some (and certainly would have surprised a few of eBay’s investors) that these fuzzy creations were the basis of one of the earliest successful dotcoms. This anecdote teaches a valuable lesson: that niches can […]

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