Tag Archives: Quora

Bitcoin On a Tear; Ellery’s Updates

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June 25, 2019 — Latest Bitcoin Updates

In May and June 2019, Bitcoin’s dollar value rebounded handsomely. In just 3 months, it rose from $3850 to $11,800/BTC. «— and above $13,500 just after publication

Pundits point to Facebook’s release of a whitepaper and framework for Libra, a proprietary coin. They speculate that the Libra announcement legitimizes crypto. It’s possible, but Libra is a very different animal. It’s neither decentralized nor permissionless. In fact, it is not a blockchain coin or even a cryptocurrency).

But, it is folly to attribute this recovery to particular events. Few fundamentals can be identified. This time, there is no ETF or government action that points to fresh investor interest. It could even be increased organic adoption. There are just too many moving parts to gauge short term movement.

The Bitcoin and crypto posts linked below are shorter than articles here at Wild Duck, because they are answers to reader questions. But, this also means that they are simple, clear and digestible…

* Last 2 articles are from other columnists.

Bitcoin Pundicy: Recent Wrap-Up

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Students: The list at bottom is your homework handout. Choose three. Refute
Ellery’s position (total length about equal to the original article). Cite references.

AWildDuck is my primary soap box. Here, I have the luxury of pontificating on whatever screams for a pithy opinion with sarcastic spin. But, regular readers know that I was recently named most viewed Bitcoin writer at Quora…

Quora is not a typical Blog. Both questions and the numerous answers form the basis of a crowd-sourced popularity contest. Readers can direct questions to specific experts or armchair analysts. The reader voting algorithm leads to the emergence of some very knowledgeable answers, even among laypersons and ‘armchair’ experts.

During the past few weeks, Quora readers asked me a litany of queries about Bitcoin and the blockchain, and so I am sharing selected Q&A. Although a pundit, I resist an urge to be verbose or bombastic. My answers are not the shortest, but they are compact. Answers may contain metaphors, but they explain across a broad audience and with the fewest words.

Check out an answer to a question that you know the least about. (For example, do you know what the coming ‘halving event’ is about?). I would be interested in your opinion.

Ellery Davies is co-chair of Cryptocurrency Standards Association. He hosted
The Bitcoin Event and moderates the largest LinkedIN cryptocurrency group.