The comeback dev of BTC

 

The Bit

One of the non-Satoshi Nakamoto founding developers of Bitcoin is back, and he’s returned with a coin that’s better than ever before. 

The Bigger Picture

Martti Malmi was just an amateur college developer in 2009 when he got involved with the initial launch of Bitcoin. He worked closely with the anonymous creator (or creators) Satoshi. Many of the first upgrades to the Bitcoin network were attributed to him. He views much of blockchain’s so called “solutions” today as useless, but thinks dealing with indexing data, i.e. what all the big guys are doing (Amazon, Google, Facebook) should involve blockchain, primarily for the incentivisation. The big difference that Malmi’s experience has brought to the project is the data storage. For his platforms Identifi and GUN, all personal data is encrypted, so blockchain storage essentially just slows it down.   

Binance is anything but a sell out

 

The Bit

Binance just acquired Trust Wallet to keep pace with their announcement that they have a decentralized exchange in the works. 

The Bigger Picture

Part of the decision to acquire Trust Wallet comes from the fact that the platform does not request user data or other private information. Trust wallet is a fully anonymous ERC-20 coin mobile wallet. Even after acquisition, its team will continue operating autonomously. The app is open-source, decentralized, capable of storing more than 20,000 crypto assets. This will give Binance a differentiator in the competitive space of exchanges.    

What an exaggeration

 

The Bit

Many people are waiting for the fall of bitcoin, but it’s not coming any time soon. Surveys show a remarkable degree of acceptance of cryptocurrency and blockchain among millennials. 

The Bigger Picture

Many quotes from the older generations make the knowledge gap very apparent. Bitcoin is the native currency to the internet. Several startup companies are working day and night to develop apps to enable consumers to buy products and services as easily with bitcoin as they do now with Apple Wallet and PayPal. Some retailers are starting to accept bitcoin for online transactions.   “I believe that decentralization of digital identity and other basic infrastructure of our society are the some of the most meaningful things a developer can work on these days.” - Martti Malmi