Digital decentralization is just the beginning. The real world will follow
Decentralization can trigger a transition to a post-scarcity, post-capitalist crypto economy of abundance, while solving species-threatening negative externalities. Decentralization is not a luxury; it is a necessity. In a prescient article in The Atlantic back in 2012, science fiction writer Bruce Sterling referred to the likes of Amazon, Facebook and Google as “The Stacks,” predicting the insidious power grab that has happened in the last decade. As the giant tech companies consume more and more of our lives, the fact that technologies that enable us to push back against them are being....
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Over the years, we have been teaching machines to simulate the real world behavior. We have developed numerous technologies that translate the real world into the digital one. However, there can be, and actually, there is a reverse logic. Solutions on how to make everyday life can be derived from technologies. We are trying to imagine the world through the lens of decentralization and distribution, where people interact, connect and share to achieve their full potential and bring the benefit for a community they are part of. Decentralization is not limited to Blockchain, This week....
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....
William Mougayar is a Toronto-based angel investor and four-time entrepreneur who advises startups on strategy and marketing. Here, he discusses where the monetization is behind decentralized business models. If we are to strictly follow bitcoin's first principles of decentralization, then very little to no money should be made by the centers. Bitcoin, the system, is itself the quintessential decentralized and autonomous ecosystem today. And its center is poor, because it is non-existent as an entity. All of the revenues/profits are being made at the edges of the bitcoin network. So, if we....
This year saw a “new normal” that is having disastrous effects on society. Continued Bitcoin education and development is the antidote. The post 2020 Was The Beginning Of Real Volatility appeared first on Bitcoin Magazine.
As the digital currency Bitcoin creeps more and more into the mainstream realm from its underground economy beginning, we are going to look at some examples of where you can spend the contents of your digital wallet in the UK as we head into the Q2 of 2015. It is widely believed that the first ever real-world Bitcoin Transaction took place because of a programmer living in Florida, United States named Laszlo Hanyecz, on May 21st 2010 who sent 10,000 Bitcoins to a volunteer in the United Kingdom. This was subsequently used to buy a pizza at Papa John’s costing $25 dollars which at today’s....