Matt Odell on Bitcoin

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Matt Odell is the co-founder of CoinPrices, a site that delivers news and analysis on cryptocurrencies.

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Created by the pseudonymous Satoshi Nakamoto in 2009, Bitcoin is a peer-to-peer electronic cash system.

Finance and payments

Bitcoin reviews by Matt Odell

πŸ”‘ 2 positive | πŸ’© 0 negative

2019

  • πŸ”‘

    The environment was fucked long before Bitcoin came around and would continue to be fucked if bitcoin spontaneously combusted.

    A permissionless global free market for energy is a net benefit that leverages human greed to reduce waste and boost efficiency on a global scale.

    2019-02-07 | Full Review

2018

  • πŸ”‘

    If you don't trust your government, the value prop of Bitcoin becomes extremely obvious.

    Russians and Venezuelans are currently driving the largest share of LocalBitcoins volume worldwide. They are using Bitcoin to opt-out of dysfunctional governance.

    2018-10-26 | Full Review

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πŸ’©

The incentives seem broken. If Nano is successful, then the representative nodes are going to cost a lot of $$ to run, and they don't get paid. As a result, I think the network will remain centralized.

2018-06-12 | Full Review

By flagging/freezing the stolen funds, the NEM Foundation has proven what many of us have suspected for awhile now: NEM is way more centralized than it appears at first glance.

With so much control over the network, the NEM Foundation is now a target for regulators.

2018-01-29 | Full Review

πŸ’©

some chains are setup in a way that either intentionally or indirectly create an incentive to game the gini coefficient.

Mostly PoS & MN chains. Dash for instance requires you to split up funds in 1000 dash chunks to run MNs. Makes rich list look way more distributed.

2018-09-28 | Full Review

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πŸ”‘

I don't have a view on what the ultimate value of a Bitcoin will be nor do I care. I am interested in Bitcoin plain and simply because I believe it can be and possibly will be the financial and transactional protocol for the global Internet.

2013-11-24 | Full Review

πŸ”‘

If something is to displace Bitcoin now, it will have to have sizable improvements and it will have to happen quickly. Otherwise, this network effect will carry Bitcoin to dominance.

2014-01-21 | Full Review

πŸ”‘

Bitcoin takes powers from the central actors and returns it to merchants and consumers, savers and borrowers. Bitcoin brings back some pseudonymity in the transactions, and can be irrevocably traded like cash. And finally, it points a way towards a single currency – it is a bug, not a feature, that we have multiple global currencies with exchangers and transaction fees in between.

2013-11-07 | Full Review

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