What can bitcoin learn from the failure of 'global' language Esperanto?
It's said that making economic policy is like trying to steer a car looking only in the rear-view mirror. Unsurprisingly, this can lead to some pretty spectacular crashes. It's this trickiness of trying to predict the future relying on not-strictly-comparable historical precedents that makes economic forecasting such an inexact science. But if it's difficult to predict how the market's going to behave with stacks of historical data to help, how much harder is it when there's no precedent at all? That's the situation that faced investors during the dotcom boom in the late nineties and is....
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The Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group were held in Washington, DC over the weekend and notably, the subject of bitcoin and its underlying technology was brought up for discussion. Some participants likened the digital currency to Esperanto, the language created in 1887 to be an international medium of communication, in that it's a good idea theoretically but that it might not live up to its potential. Others criticised it as a poor store of value, according to a report from Mexican bank Banorte. The bank reports attendees as saying: "Nobody....
There are many reasons for citizens of the world to be dissatisfied with the current government of their nations. For those with a keen interest or expertise in cryptography, the Decentralized Anonymous State (DAS) has been founded. Yes, you read that right: a decentralized state. What does that look like in real terms? Well, it's an online community, essentially. This eliminates the need for borders and banks and such. The DAS, as its citizens call it, functions as a way to incorporate businesses and congregate with other free-minded, like-minded individuals worldwide. So far there has....
We must learn from the historic collapse of Sam Bankman-Fried’s FTX cryptocurrency exchange before the world economy suffers a similar fate.
The Lightning Network Daemon (lnd) has released vo.1-alpha, calling it a milestone as Lightning’s most feature-complete implementation, ready for public testing, the Lightning Network Community blog announced. The implementation is able to open and close channels with peers, maintain a fully authenticated and validated channel graph, fully handle all cooperative and non-cooperative channel states, conduct pathfinding within the network, passively forward incoming payments, and send outgoing onion-encrypted payments through the network. Golang. The lnd code base was built using Go, a....
A month after its Alpha launch, the reputation based online social platform for crypto communities, Coreto has entered Phase II and is in the process of receiving a huge upgrade. As a part of this new development, the community-driven, crowdsourced crypto information platform is implementing Coreto Design Language (CDL) – a design language system optimized […]