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| August 19, 2018

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Bitcoin’s Return to Innovation: Changing the World Through Peer-to-Peer Electronic Cash

August 12, 2018 |

Bitcoin’s Return to Innovation: Changing the World Through Peer-to-Peer Electronic Cash

Developer Gabriel Cardona was personally recruited to fast track development of Bitcoin Cash (BCH). Open source, full featured development kit, Bitbox, his creation, has taken the community by storm, and it is now part of the Bitcoin.com developer universe. Money, Mr. Cardona likes to say, is critical to the human condition. And BCH and its blockchain are enabling financial sovereignty in a way which, he believes, is unique in history.

Also read: Report: 15,000 Twitter Crypto Scam Giveaway Bots

Developer Gabriel Cardona Seeks a Path to Change the World Through Bitcoin Cash

This week, developer Gabriel Cardona was guest for a full hour on the Vin Armani Show. At about the one hour and eight minute mark, Mr. Cardona began to lay out reasoning behind the burst of innovation in development on the Bitcoin Cash blockchain.

With hotshot initial coin offerings ringing-in billions, venture capitalists pouring money into project after project, and nearly all crypto talk dominated by speculative price analysis, idealism is hardly ever mentioned. There is almost a sense of innocence lost, having given way to strange corporate realism. When idealism is employed, derision and condescension aren’t too far behind nowadays. Mr. Cardona, however, champions bitcoin cash as “the soundest money the world has ever known. As a developer you can make it available to all people, whatever their age, gender, nationality or financial status,” he explained to Vin Armani, founder of Coin Text, the text messaging way to send BCH without an internet connection.

Bitcoin’s Return to Innovation: Changing the World Through Peer-to-Peer Electronic Cash

Mr. Cardona describes himself, 37, as a decidedly different person professionally, “a whole different frequency” only ten years ago. He spent most of his twenties vagabonding, playing music, traveling. Becoming a father around this time sobered him to clearer thoughts about a career going forward. A chance community college course led to his first project, then another, and another. For whatever reason, the web has always resonated with him. The ubiquity, the chance to be impactful on a large scale, appealed to Mr. Cardona professionally.

That professional path eventually led him to code for Walmart, Target, Taco Bell, and to Triple A — all web development projects. Somewhere along the line, 2012 ish, he discovered bitcoin and Gavin Andresen’s Faucet, where Mr. Cardona received five bitcoin. This kept him interested as he went about his regular career. In fact, he’d put the idea aside for years while keeping an ear and eye to key hacker news outlets. When talk about a fork in mid 2017 was heating up, Mr. Cardona described the inevitable as not optimum, certainly, but ultimately the right path when two factions just cannot agree.

Bitcoin’s Return to Innovation: Changing the World Through Peer-to-Peer Electronic Cash

The Revelation

From there he deduced one of the chains would eventually have an innovation explosion. When he was able to access bitcoin cash (BCH) coins, and he started to use them, it suddenly grabbed him completely: this is bitcoin, the tech that made a great many wonderful people fall in love. Still, he wasn’t yet convinced enough to enter the space in any permanent way. In fact, he took to the burgeoning 3D printer industry. Upon looking more deeply into smart contracts, he encountered Ethereum’s Truffle Suite. He describes this as a revelation.

It was shocking. Nothing like a good framework, a suite of abstractions, allowing developers to work ten times faster existed for Bitcoin. There wasn’t anything like it in the BCH space. With that realization, he coincidentally took some time off to try and “have the vision.” It’s this kind of talk that makes Mr. Cardona so compelling. Devs are not known for their ability to communicate vulnerabilities, to be, well, human. Mr. Cardona has that in spades.

Bitcoin’s Return to Innovation: Changing the World Through Peer-to-Peer Electronic Cash

That in-touch-ness no doubt sets him apart. He’s humble enough to know he needs mentors, guides, to help check himself along the way. Enter Pete Flint, 44, a British entrepreneur now based in San Francisco at the venture capital firm, NFX, where he is a managing partner. Mr. Fint is perhaps best known for having been founder and CEO of Trulia, which he eventually sold for something like a billion dollars. Mr. Cardona worked there for a spell, and the two hit it off. On his break to “have the vision,” he met up again with Mr. Flint.

That was half a year ago. Mr. Cardona credits Mr. Flint with urging him to move from hardware to software, and onto to BCH solutions. That very night Mr. Cardona began working on a library that morphed into framework, and has now become the solution platform, Bitbox. An immediate success, having been downloaded tens of thousands of times in a very short period, Bitbox got the attention of nearly everyone in The Know. Two months ago he joined Bitcoin.com to put Bitbox into full-on practice. For the un-technical, Bitbox assumes many functions every dev needs, thus speeding up a project’s process, allowing innovation to come at much faster paces. The implications for its power are simply mind-blowing. As Vin Armani commented during the interview, had something like Bitbox been available as little as three years ago for Bitcoin, everything would’ve changed. That it’s now an intimate part of BCH means the future of money is on a Cardona path.     

Is the pace of innovation on the BCH chain surprising? Let us know in the comments section below. 


Images via Pixabay, Vin Armani.


Be sure to check out the podcast, Blockchain 2025; latest episode here. Want to create your own secure cold storage paper wallet? Check our tools section.

The post Bitcoin’s Return to Innovation: Changing the World Through Peer-to-Peer Electronic Cash appeared first on Bitcoin News.

Bitcoin News

Pantera Capital Reports Lifetime Return of More Than 10,000%

July 28, 2018 |

Pantera Capital Reports Lifetime Return of More Than 10,000%

Major cryptocurrency investment firm, Pantera Capital, has reported a lifetime return of more than 10,000% on its fund. The company has announced the impressive return in celebration of its five-year anniversary.

Also Read: Markets Update: Crypto-Prices See Some Recovery After the Dip

Pantera Reports Fund has Generated 10,000% Return Over 5 Years

Pantera Capital Reports Lifetime Return of More Than 10,000%It has been reported that Pantera Capital has generated a more than 10,000% lifetime return since launching in 2013. Pantera has invested in a number of leading cryptocurrencies and distributed ledger technology companies, with its portfolio including Bitstamp, Polychain Capital, Korbit, 0x, and Zcash.

In an email sent to media, co-chief investment officer and chief executive officer, Dan Morehead, and co-chief investment officer, Joey Krug, have claimed that “the Fund’s lifetime return is 10,136.15% net of fees and expenses.”

Pantera Shares Emails From 2013

Pantera Capital Reports Lifetime Return of More Than 10,000%In the email, the chief investment officers included two additional emails dated from 2013, stating: “We wanted to share the original logic – as it is equally compelling today.”

The first email, composed when the price of BTC was just $ 104 USD, predicts that bitcoin will one day trade for $ 5,000, arguing that “bitcoin dominates cash, electronic fiat money, gold, bearer bonds, large stone discs, etc. It can do all of the things that each of those can. It’s the first global currency since gold. It’s the first borderless payment system ever.”

The second email, composed when BTC was trading for $ 253, likened investing in bitcoin to purchasing Microsoft shares early into the company’s existence. “In my opinion, it’s like deciding whether to buy Microsoft back in the day at $ 0.20 a share. It was hard to do when the stock was just at $ 0.10. In the fullness of time…clearly a great trade. I believe bitcoin right now is just like that. The world’s first global currency since gold and the world’s only borderless payments system (frictionless to boot) at a market cap of $ 3bn? Now that Silk Road is gone, a new wave of sophisticated investors are entering.”

Last month, Pantera announced that “The first Venture Fund III closing will be June 30th.” Mr. Morehead and Mr. Krug indicated that they will be traveling “over the next months to discuss VEnture Fund III and the blockchain disruption.”

What is your response to Pantera’s purported 10,000% return on the lifetime of its fund? Share your thoughts in the comments section below!


Images courtesy of Shutterstock, Pantera Capital


Want a comprehensive list of the top 500 cryptocurrencies and see their prices and overall market valuation? Check out Satoshi Pulse for all that hot market action!

The post Pantera Capital Reports Lifetime Return of More Than 10,000% appeared first on Bitcoin News.

Bitcoin News

TMZ

‘Rugrats’ Voice of Angelica Pickles Gets Call, Likely to Return for Reboot

July 18, 2018 |

Nickelodeon is rebooting “Rugrats” for a new generation of kids, and it sounds like the woman who played Angelica Pickles for years is coming back as well.  We spoke with voice actor Cheryl Chase – who voiced Angelica for over 9 seasons…

TMZ.com

TMZ

Justin Bieber and Hailey Baldwin Return to NYC Post Engagement

July 10, 2018 |

Justin Bieber and the future Mrs. Bieber, Hailey Baldwin, are back on US soil after their engagement fun in the islands — and they’re getting flooded with well wishes at every turn. The couple returned to NYC Tuesday and, as soon as Justin…

TMZ.com

Cops Must Return Stripper’s $20,000 in Cash

July 8, 2018 |

Police in Florida have been ordered by a judge to pay back nearly $ 20,000 they seized from a stripper. Circuit Judge Rodney Smith ruled in favor of 20-year-old LizMixell Batista and her husband, Ras Cates, in the case that began with a May traffic stop in Miami. Miami-Dade officers…
Newser

CNN

Canadian police return to property linked to suspected serial killer, find ‘items of interest’

July 5, 2018 |

Toronto police on Wednesday returned to a home linked to suspected serial killer Bruce McArthur and discovered “items of interest,” a spokeswoman said.
CNN.com – RSS Channel – Regions – Americas

Pompeo Will Return to DPRK Amid Denuclearization Doubts

July 2, 2018 |

The White House says Secretary of State Mike Pompeo will make another trip to North Korea as the Trump administration seeks agreement with Pyongyang on an acceptable denuclearization plan . Per the AP , press secretary Sarah Huckabee Sanders announced on Monday that Pompeo would travel to North Korea this week. The…
Newser

TMZ

NFL Star DeAngelo Williams To Make Return To Impact Wrestling

July 2, 2018 |

DeAngelo Williams is coming back …. no, not to the NFL (at least not yet) … to the squared circle!! The former Steelers running back announced he’s returning to Impact Wrestling July 12 after swearing he was retired just days after his debut…

TMZ.com

Report: N. Korea Ready to Return US War Dead

June 20, 2018 |

The American military command in South Korea is preparing for the North Koreans to turn over the remains of an unknown number of US or allied service members who have been missing since the Korean War, US officials said Tuesday. Officials say the timing of a ceremony is uncertain, but…
Newser

Junot Diaz Cleared to Return to MIT Classroom

June 19, 2018 |

A Massachusetts Institute of Technology investigation cleared Pulitzer Prize-winning author and creative writing professor Junot Diaz to return to the classroom this fall. The inquiry into Diaz’s actions toward female students and staff yielded no information that would lead to restrictions on Diaz’s role as a faculty member at the…
Newser