MimbleWimble: Why Silly Sounding Tech Could Seriously Reform Bitcoin

Catheryne Nicholson is the CEO and founder of BlockCypher, a blockchain web services startup.

In this opinion piece, Nicholson speaks out about the dysfunctional state of bitcoin’s community and why she believes new tech called MimbleWimble could help save it.

The state of bitcoin today is highly discouraging. Watching grown men hurl insults at each other on Reddit and Twitter is just sad.

When I became involved in 2013, bitcoin’s potential seemed endless. It was heralded as a possible solution for micropayments, remittances, microfinance, parking meters, email spam and so on. Many women, myself included, believed in bitcoin as a means to address world problems of poverty by providing access to capital for the remaining three-quarters of the world.

As time passed, I became discouraged that many needed use cases did not come to fruition. Startups attempting to build companies with those business models have died. Anything involving small payments in bitcoin has been mostly eliminated due to high fees.

The most popular use case is as a store of value. It’s not to say that isn’t useful: in the growing number of countries with devaluating currencies, bitcoin is an attractive alternative. Bitcoin has had an indelible impact as a

Read more ... source: CoinDesk

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