Cryptocracy

Cryptocracy

Hot news and analysis from the world of cryptocurrencies. No hype, just the facts plus a little snark. Delivered from an award-winning journalist, former newspaper editor, and world-class content strategist.


I Lost $1,000 in STEEM and Could Have Prevented It

19 Feb 2021 4 minute read 0 comments Allen Taylor

I joined Steemit in March 2018 when STEEM, the native cryptocurrency, was in the $1.80 to $2.00 range. Initially, I was excited to be a part of the platform despite its obvious flaws. The platform’s user interface was atrocious, the trending topics p...

7 Additional Ways to Earn Crypto With Facebook's Fictitious Blockchain

18 Feb 2021 5 minute read 6 comments Allen Taylor

In my first post on Facebook’s fictitious blockchain, I talked about how Bob could have earned cryptocurrency by posting to Facebook daily if Facebook had launched with a blockchain. In my last post on the topic, I discussed Facebook’s fictitious sta...

What If Facebook Had a Staking Protocol?

16 Feb 2021 4 minute read 16 comments Allen Taylor

In my last post, I introduced you to Bob the Facemeister, an ordinary guy who could have earned a modest income posting to Facebook regularly for 18 years, if Facebook had a blockchain, but I made some basic assumptions about the value of Facebook th...

What Would Facebook Look Like With a Cryptocurrency?

15 Feb 2021 3 minute read 5 comments Allen Taylor

While working on my manuscript for a book on the intersection between social media and blockchain technology, I discovered that it might be prudent to show people new to cryptocurrencies but familiar with social media just what a blockchain-based soc...

How Micropayments Can Change the Internet

11 Feb 2021 3 minute read 6 comments Allen Taylor

Current payments models are about 10 years behind the technological ability to implement. An article published in Wired online two years ago asked rhetorically, “Shouldn’t we have seamless micropayments by now?” The article points out that a “402 Pay...

Web Monetization: Using Coil and Interledger

8 Feb 2021 3 minute read 3 comments Allen Taylor

Website owners have searched for the ultimate web monetization method since the waxing days of the internet. In the 1990s, banner ads and sponsored content were popular, but those quickly gave way to something much more robust. Pay-per-click (PPC) ad...

The Robinhood, Reddit, and Dogecoin Crypto Saga

7 Feb 2021 1 minute read 0 comments Allen Taylor

You’ve likely heard the big news about Robinhood. If not, let me sum it up for you: In December, GameStop stock was at $4. Hedge fund billionaires began shorting the stock. However, a group of Redditors decided to fight back and started buying...

Friday Fintech Roundup #10 - Affirm, Blend, and LendingPoint

15 Jan 2021 1 minute read 0 comments Allen Taylor

This week's Friday Fintech Roundup features Affirm, Blend, and a host of other fintech firms. Transcript: Affirm started selling shares on the Nasdaq on Wednesday and saw the price soar 100% from the initial listing of $49 to $97.24 at closing time...

Who Are The 12 Apostles of Satoshi Nakamoto?

23 Dec 2020 11 minute read 24 comments Allen Taylor

Defining Satoshi’s twelve apostles isn’t as easy as it seems. For one thing, some of the contenders are among his predecessors. On the other hand, there are hundreds of cryptocurrency pioneers who are doing amazing things in the blockchain and crypto...

Who Inspired Bitcoin Creator Satoshi Nakamoto?

16 Dec 2020 5 minute read 0 comments Allen Taylor

Crypto freaks and geeks know Satoshi Nakamoto as that mysterious anonymous inventor of bitcoin. But did you know that none of the ideas he used to create bitcoin were his own? None of them were unique. In fact, they had all been discussed and experim...