Working on nation-state #Bitcoin adoption. CEO @JAN3com, architect of the #BitcoinBonds, CEO @Pixelmatic, and creator of @InfiniteFleet. 🚀
Sep 21, 2018 • 9 tweets • 3 min read
Let’s take a closer look at Bitmain’s announcement at #WDMS#miningconf for their “next gen” 7nm ASIC chips. To most people this may seem like a big deal and good news, but actually the announcement shows things aren’t looking too good for Bitmain. Read on. #BitmainIPO
For context, pre-Blockstream I was the COO at BTCC and running the exchange and mining business units.
Aug 28, 2018 • 7 tweets • 4 min read
.@Caijing, a major financial publication in #China, just published an in-depth piece on the #BitmainIPO fiasco: massive Q2 losses, pre-IPO investors jumping ship / denying involvement, tech team behind S7/S9 left and now no new advancements, AND patents are rendered invalid.🍿📉
I'll sum up key points in the article: Bitmain only survived the bear market of 2015-2016 because of Yang Zuo Xing's chip designs in the S7/S9. He is also the reason they were able to capture a large market share. (Yang is no longer with Bitmain. Started competitor ShenMa.)