Naval Ravikant: Bitcoin Solves ‘Money Problems’

Bitcoin’s eye-popping price movements have some observers saying the market is in bubble territory. But while he’s not ruling it out entirely, Naval Ravikant, the co-founder of AngelList, holds a less alarmist view. “Money is a bubble that never pops,” he said at yesterday’s Token Summit II in San Francisco. He told attendees: “It’s a consensus hallucination.” And speaking to the newfound attention to bitcoin, Ravikant said people are interested in growing the wealth that they have. With most savings accounts returning zero these days – as central banks conduct what Ravikant called…

Encyclopedia Blockchainica: Wikipedia Co-Founder to Disrupt His Own Creation

A co-founder of Wikipedia doesn’t like what Wikipedia has become. Dr. Larry Sanger has been an outspoken critic of the online encyclopedia he helped found for some time, but his latest move, joining venture-backed startup Everipedia as its chief information officer shows just how serious he is about disrupting the model. Revealed today alongside news of Sanger’s hire, Everipedia is moving the entire process of approving articles, making edits and storing information to the EOS blockchain. According to the Everipedia team, using smart contracts to record the editing workflow and…