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#cryptocurrency – @nickkahler on Tumblr
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el laberinto

@nickkahler / nickkahler.tumblr.com

chronicling an eclectic labyrinth of architectural contemplation based in new york city
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[Non-traditionalist, big-block supporters] could have started over with an empty blockchain—the cryptocurrency version of a clean slate. But if they'd done this the new software would likely have languished in obscurity. Instead, they chose to branch off from the existing Bitcoin blockchain.

Timothy B. Lee, “On the Birth of Bitcoin Cash,” 2017

#timothy b. lee#quote#technology#cryptocurrency#blank slate#clean slate#blank#clean#ledger#economics#finance#cryptography#cryptology#empty#empty blockchain#blockchain#version#obscurity#branch#fork#tradition#digital technology#software#existing
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A bitcoin vault doesn’t store actual bitcoin units. Technically, what’s being stored are private, cryptographic keys. It’s odd to think of a virtual currency needing physical storage, but just like your most precious photos, even a cryptocurrency needs some kind of material container.

Joon Ian Wong, “The Secret Swiss Mountain Bitcoin Bunker,” 2017

#joon ian wong#quote#bitcoin#vault#finance#key#cryptography#crypt#cryptocurrency#virtual#storage#physical#material#container#architecture#warhouse project#secret#switzerland#xapo#mountain#swiss#bunker#shelter
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