Tag: Crypto Economy
These undergraduates left university to build Flux, a payments startup now in YC
Traditional remittance companies, while necessary, currently have two flaws in speed and exorbitant fees. It can take a long while (days to weeks) for money sent from an immigrant in the U.S. to reach a relative in Nigeria. The fees charged depend on the amount sent — and let’s not…
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The debate about cryptocurrency and energy consumption
Energy consumption has become the latest flashpoint for cryptocurrency. Critics decry it as an energy hog while proponents hail it for being less intensive than the current global economy. One such critic, DigiEconomist founder Alex de Vries, said he’s “never seen anything that is as inefficient as bitcoin.” On the…
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A crypto company’s journey to Data 3.0
Michael Li Contributor Data is a gold mine for a company. If managed well, it provides the clarity and insights that lead to better decision-making at scale, in addition to an important tool to hold everyone accountable. However, most companies are stuck in Data 1.0, which means they are leveraging…
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NFTs don’t need crypto, but crypto needs NFTs
Spending millions for a digital work of art that could be screenshotted feels similar to traipsing around a strip of concrete as a tourist activity. The optics don’t make immediate sense — there’s hardly any appeal in something as accessible as a Google image or street. That’s my best bet…
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