ChronoBank Attempts to "Untether" the New Currency of Talent

While ad-blocking browser startup Brave just raised millions of dollars in an initial coin offering (ICO), that doesn't mean the startup has been able to make all its goals actionable. After attracting what was then valued at $35m by selling cryptographic assets aimed at monetizing online user behavior, the startup today posted the first of a series of job posts that would double the startup's size. However, after having privately been on the hunt for talent for weeks, Brave founder Brenden Eich is cautious about how quickly he'll be able to find the much-needed talent. In the wake of a....

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....

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....

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....

Here’s a newsflash: Bitcoin has an image problem. If you ask the average person what words come to mind when they think of bitcoin, three of the most common responses will likely be "anonymous", "untraceable" and "a currency for criminals." But all of these common ideas about bitcoin are actually misconceptions. In fact, every single one of them is wrong. This may just be a problem of perception, but it can have very real consequences, as it can impact the attitudes of investors, lawmakers, regulators, enforcement agencies and the public toward this....