NB: Disclaimer "This is not financial advice. Please consult your financial advisor to associate the risks involved"
If you follow tech news, you definitely know what Wired is so I won't get into that.
Wired is a source of technology news and interesting up-to-date information for tech aficionados.
I personally enjoy opening my wired magazine with a good cup of coffee to indulge in every bit of article that increases my thirst for more of the tech world.
It goes without saying that Wired should be at the forefront of tech adoption and Innovation and as you know BITPICK's effort revolves around this mantra namely blockchain and cryptocurrency.
I honestly thought that Wired could recognize innovation when they see it. Turns out I was wrong.
In 2013, Wired wrote an article about a Bitcoin miner from Butterfly Labs. They set up a live stream of the mining operation with this "small box that burns less energy than a light bulb" and didn't know what to do with the money they will make. Somehow, they concluded that it is best to destroy the wallet access keys and leave them there because Bitcoin is an abstraction and nothing more.
But in the end, the answer was obvious. The world’s most popular digital currency really is nothing more than an abstraction. So we’re destroying the private key used by our Bitcoin wallet. That leaves our growing pile of Bitcoin lucre locked away in a digital vault for all eternity — or at least until someone cracks the SHA-256 encryption that secures it.
Who would have known that this abstraction will one day be worth $120k, in this case? Certainly not a tech journalist that can't recognize the potential in new technology.
