The Week In Bitcoin - Issue #82: The Best It'll Ever Be

The other day I reread a great piece by Benedict Evan of A16Z titled, 'The Best Is The Last'. If you
The Week In Bitcoin
The Week In Bitcoin - Issue #82: The Best It'll Ever Be
By The Week In Bitcoin • Issue #24
The other day I reread a great piece by Benedict Evan of A16Z titled, The Best Is The Last. If you haven’t read it you should.
For those who haven’t, the gist of it is that:
“…[technology] often produces its best results just when it’s ready to be replaced - it’s the best it’s ever been, but it’s also the best it could ever be. There’s no room for more optimisation - the technology has run its course and it’s time for something new, and any further attempts at optimisation produce something that doesn’t make much sense.”
In many ways, this reminds me of what’s happening with banking. Iterating on a bank app, offering a chatbot or changing the soft furnishings in a branch are incremental changes - meaning the overall outcome is almost unnoticeable. Don’t get me wrong, these can be great for the individual consumers of that bank. Hell, the bank might even improve their NPS score. Yet, the net impact on the sector is small and the impact on the economy is minuscule.
In many ways, this is why I’m still excited by digital currencies and blockchain tech. Acknowledging, the current limitation of the tech, I’m still bullish on its potential to move us to the next step shift in delivering value to customers. To use Evan’s analogy, the current banking system is the piston engine plane to digital currency’s jet engine.
So next time someone asks you ’why digital currency?’ - feel free to tell them banking has reached the ‘best it’ll ever be’. That is, until the underlying piping changes…
— Alan Tsen, @alantsen 👊💯
Ps. If you like what I’m doing here please feel free to share it on your favourite social media network. Also, it’d be great if you forwarded this newsletter to a friend you think might enjoy it.

News This Week
“Blockchain”, the underlying technology behind Bitcoin has been gaining momentum for a couple of years now. With so many new technologies and DAPPs being written almost every week, there’s a…
medium.com  •  share
During the Internet boom of the late ‘90s, VCs, founders and early employees got rich from the massive growth of Google and Amazon, but there was no way for the masses to benefit from the growth…
As Casper continues to reach an increasingly stabilized form, there has been increased interest in the various parameters that are going to be set in the protocol, including the interest rate, fees, withdrawal period, speed, the minimum amount of ETH needed to stake, etc.
medium.com  •  share
We are excited to announce that Coinbase has obtained the Bitlicense from the New York Department of Financial Services. The Bitlicense, which authorizes Coinbase’s continuing virtual currency…
n the coming year, a lot of people will find themselves tasked with “getting up to speed on blockchain.” Two recent must-reads offer sober, practical guidance for blockchain technology in an enterprise setting. Harvard Business Review and Boston Consulting Group recently published excellent summaries of the blockchain landscape and a little sober advice on building solutions that are likely to work.
monax.io  •  share
By now, many people are familiar with bitcoin. What’s less well known is the currency’s technological underpinning, the blockchain, an emergent technology that could reshape financial and property markets, and the legal frameworks that support them.
In May of 2010, someone on a Bitcoin forum by the name of Lazlo claimed to have bought two pizzas for 10,000 bitcoins. It was the first time anyone had..
It has been already twenty years since prominent computer science researcher Nick Szabo published the first reference document that would serve to define what we commonly refer to nowadays as “smart…
medium.com  •  share
Private and public blockchains, normally siloed both technologically and culturally, could become more intertwined if a new effort by bitcoin startup Blockstream gets off the ground.
First came Bitcoin, then blockchains arrived. Cryptocurrencies and decentralized protocols followed. Now, the ICOs are coming. And the ICO funds are also arriving. And a crash will be forthcoming.
Using Paul Choudary’s Platform Thinking framework, I de-construct marketplaces’ most importent components and put them in perspective with blockchains’ properties.
medium.com  •  share
The Week In Bitcoin
The Week In Bitcoin is a curated newsletter that's sent to your inbox every Friday filled with all the most important Bitcoin and blockchain tech news. It takes 10 minutes to read and gives you all the essential news. So subscribe now and find out why many of the industry's biggest names get their weekly dose of Bitcoin news from us.
Carefully curated by The Week In Bitcoin with Revue. If you were forwarded this newsletter and you like it, you can subscribe here. If you don't want these updates anymore, please unsubscribe here.