The Pirates of 8BTC: Implement the Idea of Distributed Autonomous Corporations
Written by: Chang Jia (www.8btc.com). Translated by: James Choi (www.8btc.com). Edited by: Elizabeth T. Ploshay (Bitcoin Magazine). Bitcoin has become so popular today in China that even Damas (Chinese aunts who dance in the square) are talking about it. Chances were rare, however, of hearing about Bitcoin in China two years ago. Just two years ago, it....
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Just recently, Andreas Antonopoulos talked with the Chinese 8BTC.com community in an “Ask Me Anything” (AMA) thread. The technical visionary and Bitcoin evangelist had a lot to say concerning hard forks, the Lightning Network, general development and Ethereum. Antonopoulos Answers Questions From the 8BTC Forum Community. Bitcoin is quite popular in....
In the first two parts of this series, we talked about what the basic workings of a decentralized autonomous corporation might look like, and what kinds of challenges it might need to deal with to be effective. However, there is still one question that we have not answered: what might such corporations be useful for? Bitcoin developer Jeff Garzik once suggested that one application migh be a sort of decentralized Dropbox, where users can upload their files to a resilient peer-to-peer network that would be incentivized to keep those files reliably backed up. But aside from this particular....
Andreas Antonopoulos, in an interaction with the Chinese Bitcoin community, spoke about the future of Bitcoin among other cryptocurrency related stuff. The Chinese Bitcoin community is one of the major stakeholders in the digital currency ecosystem. Thanks to their active participation in mining and trading related activities. One of the leading Chinese Bitcoin community, 8BTC.com had a chance to interact with Andreas Antonopoulos in an ‘Ask Me Anything (AMA)’ program. Andreas Antonopoulos is a renowned advocate and consultant of the cryptocurrency. In the AMA, he interacted with the....
June 30 was an exciting day in the Bitcoin space as a post from 8btc.com called the “Terminator Plan” alleged that a majority of Chinese mining pools and facility operators are upset with the Core developing team. As the news spread like wildfire, a new slogan was created: “Corexit.” Will the Terminator Be Back? It seems a vast array of miners within the....
The Chinese government has had a keen eye on distributed ledger technology for quite some time. Now the government of Nanjing City has granted a blockchain startup Bankledger 1.5 million yuan, according to regional publication and forum 8btc.com. The grant represents the country’s first local government-funded blockchain project. The fact of the matter....