A group of Russian programmers decided to set up a new blockchain platform. The new platform would improve on Bitcoin by allowing arbitrary contracts to be specified, rather than just the simple transactions supported by Bitcoin. It would have its own cryptocurrency, which people would be able to purchase with real money. The platform would be called ‘Ethereum’, the currency ‘ether’. Initial purchase of ether started in 2014, and by earlier this year more than a billion dollars of the virtual commodity had been sold.
First of all, this is not an article about why the Republicans lost. The answer to that question is pretty obvious, and they know it; they’ve painted themselves into a corner as the party of angry scared old straight white misogynist guys. That’s a very narrow demographic that’s dying out rapidly. No, this is an article about why the Republicans didn’t realize they were losing, and reacted with such anger and shock when reality hit them on election night.
When the Xbox 360 came out, it was portrayed as something everyone wanted, the amazing new console that was selling out everywhere. Yet the next week, when I walked into Costco they had a pallet piled high with the things. When the Wii was launched, it became the console that was really selling out everywhere. But by then, Microsoft had moved on to their new story, that the Xbox 360 was the biggest selling next-gen console.