{"id":28795,"date":"2017-12-12T20:35:56","date_gmt":"2017-12-13T01:35:56","guid":{"rendered":"http:\/\/olduvai.ca\/?p=28795"},"modified":"2017-12-12T20:35:56","modified_gmt":"2017-12-13T01:35:56","slug":"a-gold-guys-view-of-crypto-bitcoin-and-blockchain","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=28795","title":{"rendered":"A Gold Guys View of Crypto, Bitcoin, and Blockchain"},"content":{"rendered":"<header class=\"container u-maxWidth740\">\n<div class=\"uiScale uiScale-ui--regular uiScale-caption--regular postMetaHeader u-paddingBottom10 row\">\n<div class=\"col u-size12of12 js-postMetaLockup\">\n<div class=\"uiScale uiScale-ui--regular uiScale-caption--regular postMetaLockup postMetaLockup--authorWithBio u-flexCenter js-postMetaLockup\">\n<div class=\"u-flex1 u-paddingLeft15 u-overflowHidden\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/header>\n<div class=\"postArticle-content js-postField js-notesSource js-trackedPost\" data-post-id=\"26e42eeab6b7\" data-source=\"post_page\" data-tracking-context=\"postPage\" data-scroll=\"native\">\n<section class=\"section section--body section--first section--last\">\n<div class=\"section-content\">\n<div class=\"section-inner sectionLayout--insetColumn\">\n<h3 id=\"a2fd\" class=\"graf graf--h3 graf--leading graf--title\"><a href=\"https:\/\/medium.com\/@alex.stanczyk\/a-gold-guys-view-of-crypto-bitcoin-and-blockchain-26e42eeab6b7\">A Gold Guys View of Crypto, Bitcoin, and Blockchain<\/a><\/h3>\n<p id=\"b401\" class=\"graf graf--p graf-after--h3\">Bitcoin was on my radar far back as 2011, but for years, I didn\u2019t think much of it.<\/p>\n<p id=\"3ae6\" class=\"graf graf--p graf-after--p\">It was a curiosity. Nothing more.<\/p>\n<p id=\"5135\" class=\"graf graf--p graf-after--p\">Sort of like the virtual money you use in World of Warcraft or something. In 2015, looking deeper, I slowly (not the sharpest tool in the shed) arrived at that \u201caha\u201d inflection point that most advocates of honest money arrive at. I realized that a distributed public ledger has the power to change, well, everything.<\/p>\n<p id=\"1efb\" class=\"graf graf--h3 graf-after--p\"><strong class=\"markup--strong markup--h3-strong\">Changing All The\u00a0Things<\/strong><\/p>\n<p id=\"95c2\" class=\"graf graf--p graf-after--h3\">One aspect of crypto that appealed to me was that this technology had the potential to bring \u201cun-banked\u201d people from around the world into the modern financial system. It potentially granted access to digital transactions without the use of banks for billions of people that were formerly excluded from transacting in the modern economy. People could be rewarded for their labor and have access to opportunities in ways which would not exist otherwise.<\/p>\n<p id=\"e974\" class=\"graf graf--p graf-after--p\">In places like Afghanistan, the local people do not go to their neighborhood super-mall to buy laptops and ipads. Much of the developing world has ever growing access to smart phones, with market penetration reaching into the billions. Developing countries are skipping the entire computer-laptop-tablet phase and moving straight into much more affordable smart\/feature devices with internet access. In the Middle East and Africa, nearly all internet users are on mobile devices. Combined with crypto, all of these devices making up the internet of things grants access to a new global financial paradigm that is potentially owned by the people themselves.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A Gold Guys View of Crypto, Bitcoin, and Blockchain Bitcoin was on my radar far back as 2011, but for years, I didn\u2019t think much of it. It was a curiosity. Nothing more. Sort of like the virtual money you use in World of Warcraft or something. In 2015, looking deeper, I slowly (not the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[17471,4174,13266,15611,317,374,14273],"class_list":["post-28795","post","type-post","status-publish","format-standard","hentry","category-economics","tag-alex-stanczyk","tag-bitcoin","tag-blockchain","tag-cryptocurrency","tag-financial-system","tag-gold","tag-medium"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/28795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28795"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/28795\/revisions"}],"predecessor-version":[{"id":28796,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/28795\/revisions\/28796"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}