The Second Order Effects Of Bitcoin: Digitization, Decentralization And Defla...

With the rise of Bitcoin’s network effects comes the equivalent demise in legacy finance’s network effects.

Since the earliest days of bitcoin, decentralization has been key to its value proposition. But it's also been its greatest obstacle. Whether it's the block size debate, or the ethereum classic debacle more broadly, decentralization in public blockchain networks presents significant hurdles to what can seem like straightforward objectives. After seven years of open-source study, decentralized governance remains a little explored and unsolved enigma. But solving it will likely mean going back to the beginning, asking what exactly we mean by 'decentralization'. Do we mean the distribution of....

The effects of the upcoming Ethereum Merge on the crypto market have been very obvious. It has affected not just the price of ETH but the prices of other digital assets in the space, triggering a run-up that has brought them towards monthly highs. The effects have not ended at the spot market ,though. Data […]

Decentralization is at the heart of the Bitcoin revolution. One of the odd things about the actual Bitcoin world, though, is that many of the companies that have a lot of the power and clout - CEX.io, Ripple, and so forth - are incredibly centralized. Also read: Bitcoin Business Ideas to Get You Started. In order to do most anything in Bitcoin, one is often required to give up a bit of privacy by setting up a user account and a certain amount of control by handing over all the responsibility for the network activities to the authority in question. Looking Forward. The author of Land of....

We are living in a world where the second-order effects of permissionless money – like the greater use of ransomware – are already evident.