#jon matonis

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Bitcoin users ready for big reveal

Bitcoin users ready for big reveal

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Bitcoinland is abuzz with speculation Craig Steven Wright will out himself as Satoshi Nakamoto, the cryptocurrency’s pseudonymous creator, within the next two weeks and that he is looking for backing in his verification from some of the industry’s biggest players.

Wright, a self-declared cyber security expert who claims to hold a theology PhD, was originally identified as Satoshiin December…

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Bitcoin users ready for big reveal

Bitcoin users ready for big reveal

[ad_1] Bitcoinland is abuzz with speculation Craig Steven Wright will out himself as Satoshi Nakamoto, the cryptocurrency’s pseudonymous creator, within the next two weeks and that he is looking for backing in his verification from some of the industry’s biggest players. Wright, a self-declared cyber security expert who claims to hold a theology PhD, was originally identified as Satoshi in…

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New Post has been published on Bitcoin:Views

Bitcoin chief advises to 'invest in digital currency only if users can afford to lose'

By ANI, business-standard.com

Bitcoin’s executive director Jon Matonis has said people should only invest in the virtual currency only if they can afford to lose.

The comments from Matnois come after the meltdown of Mt Gox, one of the biggest Bitcoin exchanges, was taken offline.

According to CNN, the move had put millions of dollars of investors’ money at risk and shaking confidence in the digital currency.

Matonis said Bitcoin were still considered experimental, despite very success.

He added that people should only invest in trade what they can afford to lose.

On Friday, Mt. Gox filed for bankruptcy protection at a Tokyo court on Friday with debts of 6.5 billion yen.

SOURCE

[hackingfinance]

Also, keeping bitcoin value in bitcoin on the block chain will be the key. It may be an opportunity that moves significantly beyond an existing business model simply by having bitcoin in its arsenal. For example, a third-world e-commerce platform could bring massive shopping to the unbanked by leveraging the non-national and frictionless attributes of bitcoin. Or, asset vehicles could be designed that transfer inter-generational wealth without the need for trusts or trust administrators.

My Answer To A VC's Bitcoin Question - Forbes

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Valuing Bitcoin Using Macro Framework

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"Bitcoin is not...

“Bitcoin is not about making rapid global transactions with little or no fee. Bitcoin is about preventing monetary tyranny. That is its raison d’être.” JON MATONIS

Jon Matonis, from http://www.financialsense.com

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