So You Want to Be a Bitcoin Developer?

“I got a job at the Electric Coin Company, creators of Zcash, which is a code fork of Bitcoin Core. I happened to find a minor bug in Zcash and discovered it also existed ‘upstream.’ So I opened my first Bitcoin Core pull request to fix the bug. It merged quickly, so I assumed it was pretty easy to get changes into Bitcoin Core. (This belief was naive.),” Ruane said. Original

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BlockFi’s Fire Sale Shows the Uber Startup Model Is Disastrous for Finance

Another reason the Thiel model simply makes no sense for retail finance is that it is structurally impossible to build the kind of “moat” that can, at the very least, keep a crappy business like Uber limping along. A huge element of finance, certainly for retail depositors but also more generally, is that you want your deposits to be as liquid as possible. To attract deposits in the first place, customers must be convinced it will be easy to withdraw … and potentially deposit their money elsewhere. This makes banking…