Bcoin: A "Menace to the Network" or an Enrichment of the Bitcoin Ecosystem?
Purse is best known as a peer-to-peer marketplace and gift card service where users can save money using Bitcoin through Amazon’s e-commerce platform. Now, the company is in the throes of a complementary project that has garnered the attention of entrepreneurs and developers throughout the Bitcoin community. Bcoin, as it is affectionately called, is a....
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If Ayn Rand were involved in the bitcoin or crypto world, she might well identify "consensus" as an "anti-concept". The anti-concept, she said, is a "rationally unusable term". It conveys an approximate sense of meaning, but lacks the precision needed to fully communicate an idea. "In the realm of cognition," Rand said, "nothing is as bad as the approximate." "Consensus" mischaracterizes the decision-making processes that exist around bitcoin. Adoption or non-adoption of network software says nothing about the broader....
It’s been referred to as a "revolutionary technology" by IBM, and a "once in a generation opportunity" by PricewaterhouseCoopers. But perhaps the most descriptive title came from The Economist when they dubbed blockchain "the trust machine". It is a breakthrough in computer science that holds the promise of reducing the cost of establishing and maintaining trust for both individuals and organizations. "Blockchain" is a relatively new term that refers to a specific type of computer database. The Oxford English Dictionary defines blockchain as "a....
In physics, the definition of "energy" is "that which allows work to be done." This means that money is energy, since it can be used to do work via payments to people. The energy in money can be thought of as "economic energy". Economists call economic energy "price" and measure it in terms of "euros" or "Kenyan shillings" and so on. But, these units are abstract because their quantity changes over time. Physicists would prefer to use units such as joules or kilowatt-hours, which have a concrete basis in physical realities of mass....
SingularDTV CEO, Zach LeBeau, believes that achieving a decentralized and equitable global film and video ecosystem is likely to result from building more, not fewer, bridges among blockchain, digital currency and legacy players. In an interview with Bitcoin Magazine, LeBeau confirmed that SingularDTV, which is building an entertainment industry ecosystem on the Ethereum blockchain, is having exploratory conversations with at least one legacy studio and with "one of the more prominent" production companies. LeBeau said that as recently as 2014, he saw virtually “100 percent” of....
You can add R Jesse McWaters, financial innovation lead at the World Economic Forum (WEF), to the growing chorus of industry voices warning that we’ve reached a "peak" when it comes to the hype surrounding blockchain technology. "I’m trepidatious about inflated expectations re: the blockchain," McWaters said in a new interview, the comments coming as he described the ongoing "awakening" he’s seen among major financial institutions in regards to the technology. While even the WEF itself has lauded blockchain as a global....