“The Bitcoin protocol follows a declining block reward schedule, whereby the number of bitcoins awarded for confirmed blocks halves every 210,000 blocks. The halving of the block reward is a significant negative shock to miners’ revenue, similar to a large discrete price decrease.”
http://libertystreeteconomics.newyorkfed.org/2015/08/entry-and-exit-leads-to-zero-profit-for-bitcoin-miners.html#.VeG3130oef4
“The first waves of investments in the Bitcoin ecosystem have focused on mining, retail payments, merchant/transaction acquisition, store of value, mobile wallets, exchanges. None of these have wide application with the public at large or financial institutions nor do I see wide application in the future based on current technology limitations or current regulatory constraints. I also do not believe in wide applicability across many work flows and processes in financial services and with incumbents to be more precise. Further, tacking onto a unique Blockchain many different use cases, many different apps may end up weakening said blockchain for that matter”
http://finiculture.com/distributed-ledgers-part-i-bitcoin-is-dead/
“Revival of a once celebrated name is a harder sell than rediscovery of an unknown one.”
— H.J. Jackson, professor emerita at the University of Toronto and distinguished scholar of 18th-century and Romantic British literature, writes in Those Who Write for Immortality
http://chronicle.com/article/How-Literary-Fame-Happens/232537/
Sebastião Salgado’s Advice For Young Photographers Today
“If you’re young and have the time, go and study. Study anthropology, sociology, economy, geopolitics. Study so that you’re actually able to understand what you’re photographing. What you can photograph and what you should photograph.”
— Answer to 24 year old Haoyang Zhao
https://medium.com/morning-light/sebasti%C3%A3o-salgado-s-advice-for-young-photographers-today-94d21cb3086f
“The context of digital has been woven into their daily lives. Kids don’t use the word “digital”; to them, a digital camera is just a camera. A digital book or ebook is just a book. “Can I borrow the digital camera?” has become “Can I borrow the camera?” Digital is disappearing.”
http://www.paulolyslager.com/digital-kids-branding-privacy-technology-bias/
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