New blog entry:
https://medium.com/minervaowl/the-owl-of-minerva-b0f0ee07b775The Owl of Minerva.Past, present, future.In many high chargeback verticals such as travel, adult, dating services, nightclubs and more, cryptocurrencies already stand to save businesses money in risk mitigation. This is unrelated to of the advent of Minerva’s reverse transaction fee. Incentivizing merchants to accept cryptocurrency is what, in my opinion, will drive the positive feedback loops necessary to bring cryptocurrency mainstream. I don’t think it’s been done correctly yet.
The year was 1997, and bundled together with my enhanced Wu-Tang Forever CD was a copy of America Online. One could say it, in a literal sense, put the AOL in ShAOLin. 1997 was 5 years after Greg, a founding advisor, registered Minerva.com in 1992, 8 years after Yuji Ijiri conceptualized momentum accounting and triple-entry bookkeeping in 1989, and 12 years after Cypherpunk David Chaum published a paper referencing anonymous digital cash in 1985 — a year before I was born.
I missed out on the BBS days, but now, finally, armed with a janky PC still running Windows 3.11, I set off on a path which would ultimately lead me to a sub-culture of troublemakers. The scene, at the time, could be described as a living tribute to the 1995 movie “Hackers.” I was hooked. I met a lot of people around this time, many of whom I still keep in contact. One being Corey, Minerva’s co-founder and CTO.
The year was 2010, and I thought “Ha. Good luck with your pretend Internet money!”
The year was 2013, and I thought “I need to buy Bitcoin as fast as possible.”
The year was 2016, and I thought “I need to buy Ethereum as fast as possible.”
The year was 2017, and I thought “I need to stand over the twitching corpses of traditional financial institutions as fast as possible.”
One step at a time, I guess.
Kevin
