Daniel McGlynn (Page 1)

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Latest — Mar 22, 2023

What are bitcoin ordinals and why do they matter?

Bitcoin ordinals challenge the idea that the Bitcoin network is solely a peer-to-peer payment network or digital store of value. On one level, ordinals serve the same purpose as non-fungible tokens, or NFTs, that are created on smart contract-based networks such as Ethereum or Solana. At the same time they

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Crypto Crime: The 2023 Chainalysis Report

Criminals use cryptocurrencies to conduct all kinds of fraud, scams, and other shady stuff. That crypto is used to commit crime, or used as part of a criminal enterprise is not surprising. After all, criminals need to be innovative to avoid getting caught. And, criminals use a wide range of

Here for the shrimp: The importance of everyday investors to the success of crypto and DeFi

During the last down-cycle of the crypto markets — before the pandemic bubble and the laser eye frenzy of the last bull run — one bright spot was the promise that institutional money was on the way. This was in 2018, and following the massive crypto bull run of 2017, which is

What is LocalBitcoins and why does it closing matter?

LocalBitcoins announced that the company is shuttering its peer-to-peer bitcoin exchange service. This is a big deal, or at least noteworthy, for a few reasons: * LocalBitcoins provided a service that is exactly aligned with the original vision of Bitcoin as outlined in Satoshi Nakamoto’s Bitcoin whitepaper, which is called

Crypto in a time of global risk

How changing the narrative around crypto, DeFi, and web3 is about more than capturing market share or getting new users. According to a recently released report from the World Economic Forum on global risk, the world is facing the emergence of polycrisis. The tentacles of these multi-pronged threats will likely

About digital dogma

In the best of times — during face-melting bull runs that make even crypto skeptics question their “just say no to crypto” strategy, the tribalism and myopic crypto culture can be overlooked. During the boom times, the cast of characters who parade around burning dollar bills and claiming that bitcoin is

Blockchain: The buzzword

Meet blockchain, the hot new buzzword. Has the term blockchain lost its meaning? Every once in a while it makes sense to stop and take some bearings and make sure that your heading still looks right. I think that’s where we are with the word blockchain. It’s getting

Crypto: The namesake

Cryptoasset, digital gold, peer-to-peer cash, virtual currency, etc., etc. What’s in a name? It turns out that what things are called is important, especially when people are coming to a new technology or a new way of doing something. I think the naming of new technologies is way more

What is cryptocurrency?

A (nontechnical) guide to understanding cryptocurrency and the creation of value in the emerging crypto economy. The first thing to understand about cryptocurrencies is that they have an unfortunate name. It might be better for everyone if the currency was dropped from cryptocurrency. The main reason: Cryptocurrencies don’t function

2017: The breakout year for cryptoassets

Looking back over the past year, it’s hard to believe the amount of progress and growth that has occurred in the cryptoasset space. Top reasons why 2017 was the year of crypto: Market cap: The overall market cap of the entire crypto sector grew from roughly $18 billion at