On March 11 smart contracting platform Ethereum surpassed a total market capitalization of over $1 billion USD.

Ethereum today is where bitcoin was in 2010 – raw infrastructure, lack of developers, and plenty of skeptics.

The ability to create something that is not duplicable in the digital world has enormous value.

How can the state levy taxation on that which they do not issue and cannot control?

The bitcoin lightning network is an off-chain payment channel that provides instant, high-volume micropayments while removing risk of trusted third parties. Recently, we had the chance to ask one of the inventors, Joseph Poon, a few questions surrounding this new technology and how they are planning to use the lightning network to benefit bitcoin users.

What 21 has here is a small step for bitcoin mining, but a giant leap for the internet of things.

The companies and individuals who approach bitcoin technology with a 20th century mindset will find no success. They will seek to harness the innovation of Satoshi's invention, and in doing, will slowly realize that the killer application of this technology is to render them obsolete. Bitcoin is an evolution in our concept of the corporation, and a blueprint for decentralized, trustless, openly accessible commerce in the 21st century.