Micree Ketuan Zhan, the ousted co-founder of Bitmain, has filed another lawsuit in his fight to regain control of the bitcoin mining giant – this time in his home country. A recent notice from the Changle District court in China’s Fujian province indicates Zhan has filed a lawsuit against Bitmain’s fully-owned subsidiary Fujian Zhanhua Intelligence Technologies, as well as Beijing Bitmain Technologies as a related third party. A hearing of the case was scheduled on Feb. 11, according to the notice, although it’s likely postponed due to the disruption caused…
Day: March 9, 2020
Rumors of Bitcoin’s Death Are Greatly Exaggerated
According to the Bitcoin Obituary Page, Bitcoin died 379 times between 2010-2019 of an astonishing array of causes. The number is undoubtedly understated since it is based on a limited sample of obituaries. Despite the glee with which the corpses of Bitcoin are contemplated, however, cryptocurrency thrives because it continues to fill the human need for privacy and financial control. Also read: A Sea Change to Crypto Hits America, Again The Antifragile Bitcoin The structure of crypto is robust. The economist Nassim Taleb developed the concept of “antifragility” in his…