Operation Yellowbird

The Tiananmen Square massacre of June 4, 1989, was a turning point for modern China. It was the day the state made its citizens aware of their place in society. The day tanks rolled over students, soldiers fired into crowds, and media branded peaceful protesters as traitors.

What happened in…

With the help of a cameraman

This is it, you tell yourself. After this, there’s no going back. All the anticipation, all the fear ends now.

As your hands continue to shake, your daughter clutches your shoulder. You remind yourself that this isn’t about you. This is about her. Her life. Her future. Her happiness.

The…

And has been repenting ever since

Can someone who deliberately murdered 115 innocent people ever be forgiven? This is the question that Kim Hyun-hee, and all the families of Korean Air Fight 858, will be asking themselves for the rest of their lives.

Several months prior to the incident, special agent Hyun-hee, age 25, was informed…

It seems like crypto’s immediate use case for the developing world is as a store of value and a means for moving money internationally. I remember visiting countries like Kyrgyzstan and Cambodia and realizing that many people keep their life savings in USD cash hidden in their homes. When the banking system isn’t trusted, a crypto wallet could be seen as a viable alternative.

The main problem with bitcoin as a currency, aside from price volatility, is transaction time. Consider that it takes, on average, 10 minutes to mine a single bitcoin block capable of containing, at maximum, 3,500 transactions. Compare that to the 1,700 transactions processed by Visa every second. Unless some major change is implemented in bitcoin’s protocol, it’s hard to see how that system could scale to tens of millions, let alone billions, of daily payments.

“Free” is often seen as the long game. Google could have charged for the use its search engine, but doing so would have automatically cut off several billion potential users. In a certain sense, our data is more valuable to them than our money. When a business has the backing of financiers willing to lose money for 10+ years, or the subsidization of other profitable segments, it can afford to engage in activities that are, as you described, “almost charitable”. Ultimately, it’s believed, some sort of a monopoly will be established. In the meantime, someone, whether investors or customers, must pay.

Lev Kakasenko

Fascinated by how society and technology interact. Always looking for a new perspective on the world.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store