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New Chapters

After a year and a half working with some of the smartest and most competent engineers I’ve ever met, it’s time for me to part ways with BitPay. I’ve had the opportunity to be deeply involved in the design, implementation, and deployment of some incredible technologies, but we’re turning a page in the story of Bitcoin’s rise and it’s time to start exploring the new chapter.

BitPay continues to paint an incredibly compelling picture as to what the decentralized future looks like – we worked on some incredibly far-reaching and massively impactful ideas, including:

  • ChainDB, a distributed database backed exclusively by the Bitcoin blockchain.
  • Copay, a truly decentralized wallet & identity management platform.
  • BitAuth, a secure authentication mechanism for peers on the web, using the k1 curve.
  • Impulse, a method of securing zero-confirmation transactions.
  • Foxtrot, a completely encrypted data transmission network.
  • Bitcore, a library of common software functionality to glue everything together.

You might notice a few common themes. Let me point out the two most important.

Firstly, that everything here is open source (with the notable exception of ChainDB). Open source, and more importantly free software, is a very big deal to me. Prior to joining BitPay, I was open sourcing education, contributing to open source software, and speaking on the importance of open source. Some of the things I’m most proud of are the things other people built with the things we gave away – that’s the real power of open source.

Secondly, that everything here is based on Bitcoin, not some alternative blockchain. BitPay was a firm believer in Bitcoin as the exclusive platform that would secure the post-fiat era, and that belief has held strongly with me before and after my departure. Until a more compelling alternative to Bitcoin emerges,

One of the other exciting things to come out of BitPay was the emergence of DECENTRALIZE, which we formed last fall with a few of our fellow employees. DECENTRALIZE has become an acclaimed content source in the latest resurgence of decentralized thinking, and now it gets to be a much bigger priority for me.

Before I joined BitPay, I’d put a lot of work into Maki, a framework for making full-stack application development significantly easier. Maki took a bit of a back-burner position while I was focusing on my work at BitPay, so I’ll be redoubling my efforts to see that vision through. In fact, I think now’s as good a time as any to share that vision.

To that end, I’m starting a new project named Fabric. I’d like to entirely eliminate centralized servers on the Internet and catalyze the development of an entirely new class of economic actor. More details soon.

As we embark on our next journey, let’s always remember the carefully selected input used to create the Genesis Block:

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks

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