Coinbase CEO: "I was wrong"

Coinbase CEO Brian Armstrong looks back at the bet he made and the predictions about Bitcoin hard fork
07 August 2017   867
Bitcoin

Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen

While the Bitcoin price stays at all-time highs, Coinbase CEO Brian Armstrong looks back at the bet he made and the predictions about Bitcoin hard fork:

Bitcoin Cash

A new cryptocurrency representing a hard-forked version of Bitcoin, different from it in the blocksize limits

In the original article from February, 2016, Armstrong bets $5,000 that "Bitcoin’s first hard fork works out just fine". Coinbase CEO argued that:

  1. Bitcoin is not splitting, it is upgrading
  2. Hard forks are one of the most important innovations of Bitcoin
  3. Multiple teams working on the Bitcoin protocol is a good thing

However, no one was willing to take Armstrong up on his bet, so he had to officially withdraw the offer (he even offered 10:1 odds and still no takers). 

Now, after more than a year, Brian Armstong admits his some of his miscalculations:

Clearly I was wrong about multiple coins persisting (didn't anticipate the minority forks having any real value). At least I get a chance to admit when I'm wrong :)
 

Brian Armstrong
Coinbase CEO

However, the man also notices that the prediction about the price rising post-fork was correct (at the time of writing Bitcoin price tops $3200). 

Swansea Hosts Blockchain and Distributed Energy Conference

The BEW'18, which will be held on February 19, 2018 in Swansea, UK, is a must-attend for people who are interested in the cutting edge of blockchain
19 February 2018   207

The Blockchain Energy Wales'18 Conference will be held on February 19, 2018 in Swansea, United Kingdom.

The conference will introduce Klenergy and their Pylon Network, which is a decentralised energy exchange platform powered by renewable energy. The BEW'18 is a must-attend for people who are interested in the cutting edge of blockchain, distributed energy, peer2peer and smart technology.

BEW conference location swanseaBEW'18 Exact Location

Location: TechHub Swansea, 221 Stryd Fawr, Swansea SA1 1NW, UK
Time: from 9AM to 1.30PM

The headline speakers include Paul Harwood, Basicincome supporter and advocate, and David Clubb, director of RUKCymru and head of digital RenewableUK.

The agenda of the conference is as follows: Blockchain technology and its application in the energy sector, future of blockchain wallet systems, buildings as power stations, building the open-source co-operation protocol for the energy sector, and more.