Bitmain’s founders stepping down and today crypto dumps. Coincidence?


This was mentioned as rumor last week, but now seems to be confirmed – Bitmain’s two founders to step aside as Chinese cryptocurrency giant taps software coder as new CEO. Source is SouthChina Morning Post. Here’s the link to the original article.

[https://www.scmp.com/tech/policy/article/2181392/bitmains-two-founders-step-aside-chinese-cryptocurrency-giant-taps](https://www.scmp.com/tech/policy/article/2181392/bitmains-two-founders-step-aside-chinese-cryptocurrency-giant-taps)

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Today, January 10th, social discussion of the Yellow Vest Protests starting in 2 hours


For those that don’t know, we host social discussions on Thursdays. Our topics include:

* Politics (social issues)

* Developing

* Investing

* Philosophy

* Art and

* History

Each topic lasting about 10 minutes, mic passed around the table. This will go on from 8pm EST to 9:30pm EST tonight, Thursday, January 10th. Those that participate will receive $20 via Paypal, Bitcoin, or Ethereum.

One topic of discussion will be [Gilets Jaunes](https://bitcoin1776.org/1776/archive/giletsjaunes.html). To participate email jfkbitcoin1776@gmail.com for a Google Hangout invite. Here’s to good conversation!

See you then,

Bitcoin 1776

PS – If we get a few Europeans to join in, I’ll make another one for 8pm CET (2pm EST) Friday. If you are European, give an email and we will make one for 8pm CET (Friday).

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View Reddit by Bitcoin1776

I started working with bitcoin when I was 21, left my Masters in CS from ETH Zurich and today I have a small crypto hardware company whose only goal is to truly enable mass adoption!


A couple years ago being just another computer geek, I earned my way into ETH Zurich to pursue an MS in CS and at this time was working simultaneously with a Swiss FinTech company that was using “blockchain” technology for their product. Long story short, falling down the crypto rabbit hole, I eventually left this job and my position as an AI research assistant and started working on this little device that is literally the next logical step in the bitcoin payments lifecycle.

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If mass adoption is to happen –

1. Anybody in the world, tech savvy or not needs to be able to use crypto as easy as using fiat currency, i.e. instantly and safely.
2. Stay in control of your funds at all times – not a bank, not an exchange and not some intermediary.

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Hardware wallets solve point #2. I loved watching the development of the trezor and their success over the years but funnily enough I was also a drummer touring around Europe with a german band during this time and while going to a bunch of different countries that all had different currencies, me being from a “third-party” country had to convert money from my home country to whatever currency I needed and the rates/deposit time for this was ridiculous. Being an early adopter I still couldn’t use crypto as a currency anywhere! My trezor just sat at “home?” keeping my crypto safe.

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This is exactly why I started working on lastbit. What started off as a simple hobby quickly turned into an elaborate plan and I left my Masters mid-way (Background: I’m Indian – trained to get straight A’s all the time but never actually use any of that knowledge. Best decision ever, leaving uni) to work on this full time and over the last year built a few generations of prototypes, learnt how to do business and raised capital (The hard way)! (Building a company is hard, building a hardware company is exponentially harder!)

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All in all, I worked my ass off to build this little company, team, raise funds and now we’re ready to slowly start rolling this out ([lastbit.io](https://lastbit.io)). I’ve spent countless hours on crypto subs and it’s about time the community started getting involved. No shitcoin, no bullshit, just pure love for all things complex.

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A very very very short example of the thought process behind this

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Example:

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I own 100 BTC. I store it on my ledger/trezor –

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1.1 I would never take my ledger out with me casually for a stroll to the coffee shop, it’s way too much of a risk. Instead my ledger sits in my drawer collecting dust but I trust my coins are safe at home.

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(lastbit – Leave your cold wallet long term storage funds at home on a secure encrypted micro-SD card. Take your “hot” but secure spending wallet anywhere – Hodler works wirelessly with a mobile app. NB: Both wallets are on secure elements! Example: Leave 99 BTC at home and take 1 BTC out with you. Worst case, lost your wallet? No problem, backup is at home or 6 different places around the world and nobody can crack your device).

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1.1.1 Plus, why would you even take it out? Merchants are never going to buy a new POS terminal to accept bitcoin. Who accepts crypto? *(With this solution – Everyone. The Hodlers’ aim is to work with ANY credit card machine in the world and you can pay with crypto without the merchant even realizing you paid with crypto.)*

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1.1.1.1 Even if someone did accept crypto, is it feasible to pay with bitcoin today? Waiting 1 hour in line to buy coffee? *(With this solution – Instant transactions over LN)*

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Leave a comment or PM if you would want to support this, work with us or be a bigger part of this.

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Any help/feedback is appreciated.

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TLDR: Left prestigious Masters program to work on crypto project. Turned into company ([lastbit.io](https://lastbit.io)). Can use help from the community to take this further.

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View Reddit by shadow12348