The Week In Bitcoin - Issue #88: The Most Interesting Things Always Look Like 'Toys' In The Beginning

The Most Interesting Things Always Look Like 'Toys' In The Beginning Real innovation never looks all
The Week In Bitcoin
The Week In Bitcoin - Issue #88: The Most Interesting Things Always Look Like 'Toys' In The Beginning
By The Week In Bitcoin • Issue #30
The Most Interesting Things Always Look Like ‘Toys’ In The Beginning 
Real innovation never looks all that interesting to start with. For the most part, it looks silly, awkward and just too weird to work - it generally looks like a 'toy’ to start with (also, see Chris Dixon’s article on this topic). Take anything from Paypal to Tesla, they all started out looking like toys that didn’t have mass market appeal. But what most people failed to take into account was the fact that they all had a golden thread that just needed to be pulled.
In many ways, this is also true for products in the blockchain/digital currency space. Some of the most interesting stuff looks ridiculous and seems destined to be a footnote in blockchain history. However, there are a whole range of products that have that golden thread that just needs to found - and interestingly they’re all at the edge of what is happening in the space.
This week I’ve included a great article on why Rarepepe is the most interesting thing in the crypto space. I highly recommend - it describes the idea of 'toys’ in blockchain tech really well. 
— 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
You must have heard of this “tradable Rarepepe” thing by now if you are in the crypto space. The user generated “pepe the frog” memes can be seen all over the place and many people talk about it in random chat rooms, on social media, podcasts and so on.  •  Share
Tech company’s health subsidiary planning digital ledger based on blockchain to let hospitals, the NHS and eventually patients track personal data
Bitcoin Core 0.14.0 Released with Performance Improvements.
I see a common mistake in many discussions centered around Bitcoin involving voting power. Specifically, many people think that Bitcoin works kind of like a majority voting system, which it kind of does. They then go on to conflate mining power with voting power, and believe that someone with 51% mining power has ultimate say over the contents of the blockchain.
We are seeing blockchain technology being adopted by more and more established financial institutions from around the world. Keeping a cautious approach, they are usually using it to launch new ventures to test performance instead of replacing existing systems already in operation for many years.
Bitcoin Magazine is the original source of information, news and commentary about Bitcoin, the blockchain and digital currencies.
To understand the transformation that’s being brought about by blockchain technology, it’s useful to start with its largest implementation to date: bitcoin.  •  Share
What every banker needs to know about blockchain for global payments.  •  Share
Sam Altman recently wrote that we are entering an era of hyperscale technology companies. These companies own massive troves of data with strong network effects around them and they are only getting…  •  Share
Olaf Carlson-Wee, the founder of Polychain Capital, a $15 million hedge fund backed by Andreessen Horowitz and Union Square Ventures, and the first hire at Coinbase, explains why bitcoin isn’t the only investable digital asset.
The role of platforms will become less important.  •  Share
What follows are 9 things I’ve learned while immersed in blockchain and ledger over the last two years. Consider it a primer for those embarking on blockchain endeavours. I will issue a caveat that…  •  Share
Did you enjoy this issue?
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.