👐Bitcoin👐 Understanding the Future by Conceptualizing the Past

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Bitcoin is a topic of discussion almost everywhere today, even during mosque on Fridays. Just look at this Google Trends graph of searches for the query bitcoin over the past 5 years…

Like most of the wwworld you’re probably trying to understand what bitcoin is. Yes there’ll be more of these articles published here, created a dedicated category just for it. Ready? Before we get to anything bitcoin related here on Web AddiCT(s); I’d like us to stop the hype train for a minute. Breathe and apply some hybrid thinking (10 minutes) to understand how and why we got here.

February 2007 (19 minutes)

In his TED Talk, The next 5000 Days of the Web, Kevin Kelly sheds light on what the internet is becoming. Those 5000 days only ends somewhere around 11 October 2020. Watch where the web (and all of us) are headed over there and come back to the future here.

What has this got to do with it? Everything.

February 2009 (17 minutes)

The inventor or the world wide web Tim Brenners-Lee calls for Raw Data Now!. When the person who created the web asks for something to be done on the TED stage you bet it’ll happen.  Remember, we’re wearing our hybrid thinking caps, come along watch the inventor of the internet’s talk below.

How does raw data relate to it? Everything. Has the light bulb gone on after watching these videos yet?

Somewhere in 2010

First found out about bitcoin while spending time at the MIH Media Lab.  Really stoked to have worked with some of these folks on their projects. Had a pic of one of their actual minted metal bitcoin from then but can’t find it anywhere.

September 2013 – $125.40/BTC

The same guy who helped me learn about web development on IRC in 1999 mails me out of the blue with the subject line “bitcoin” and everything you need to know about it. 👐

Please keep this info between us, I don’t really want it circling the net, a friend took a lot of time explaining it all to me 🙂

Created a bitcoin wallet, tried some mining, lost my private keys. *shrug* It’s not ready for prime time yet.

December 2016 – $765/BTC

While getting my daily TED fix…

Say hello to the decentralized economy — the blockchain is about to change everything. In this lucid explainer of the complex (and confusing) technology, Bettina Warburg describes how the blockchain will eliminate the need for centralized institutions like banks or governments to facilitate trade, evolving age-old models of commerce and finance into something far more interesting: a distributed, transparent, autonomous system for exchanging value.

It’s back on my radar. Let the research begin.

May 2017 (22 Minutes) – $2252/BTC

Richie Etwaru, discusses the opportunity and implications of blockchain as a paradigm to slow/chose the expanding trust gap in commerce. He unpacks blockchain to a level of simplicity to be consumed by those that are just starting to understand and explore the paradigm. He lays out a current state of commerce, suggesting that every company is currently at risk of being disrupted or incurring severe strain from a blockchain version of itself.

Bought 0.02 BTC after 6 months of research and being aware of the technology for 7 years. I’m usually an early-adopter, think about that.

July 2017 (The Bitcoin Experiment) –  $2374.40/BTC

Started a bitcoin experiment which ends on 31 December 2017. Part of the experiment is accepting payment for the services I provide my clients in BTC. Received first payment in BTC for services rendered a month later. Four of the most challenging months later and more than half of the invoices I’ll issue within the next few months will be settled in BTC. Hello, future, now. Who knew?

At the time of publishing this post $6156/BTC. What is 1 bitcoin worth today? If you’ve read this far I’m sure you can spare a few satoshi 1D3gx7tc34GP2QMoVvKMqEFLm93emJxA9Q 😉 or if you have no idea what a satoshi is the next article will help with getting started with Bitcoin in South Africa. Scientia potentia est.

November 2017 – $7786.03/BTC

Sir Richard Branson talks Bitcoin on CNBC Africa with Ran Neuner‘s show which happens to be the only television show dedicated to cryptocurrency anywhere in the world.

The most popular question after first publishing this article was how to buy bitcoin. If you are in South Africa there are a few ways to get hold of bitcoin…

How to buy Bitcoin in South Africa with coindirect and Luno

December 2017 – $11786/BTC

An introduction to Bitcoin (The Internet of Money)

Bitcoin price predictions for 2018 here

Sir Richard Branson talks Bitcoin on CNBC Africa
Sir Richard Branson talks Bitcoin on CNBC Africa

Host Ran Neu-Ner takes his weekly plunge into the world of Cryptocurrency trading where he chats to traders, ICOs and gives you, the audience tips and tricks on trading in Cryptocurrency.