Value Creation In Bitcoin
The incentive structure created by Bitcoin introduces new potential for value creation in society.In 2009, Satoshi Nakamoto invented the greatest store of value ever seen in human history. His creation, bitcoin, has firmly secured its place as the hardest form of money in the new digital economy and the bedrock of a new open, global financial system. Bitcoin has already won.What remains relatively unexplored is the way in which Bitcoin, the monetary network, will incentivize new forms of value creation and unlock new methods of value capture never before seen in human civilization. This....
Related News
Money creation may well be the biggest economic issue of our times. The way that new money is created has a massive impact on our entire economy and, in fact, it would not be an exaggeration to suggest that it is the defining characteristic of our economic system. Across the world, in all of the major economies, money creation is dominated by banks. Despite the fact that 'fiat money' - the dollars, pounds or euros in our pockets - is backed by our governments as the official currency we are supposed to use, the government has no involvement in its creation. This comes as a surprise to many....
DeFi has witnessed the greatest innovations these past couple of months. We have seen new protocols and applications emerge sporadically, as well as the creation of improved versions of existing ones. We are closer to the future that we envisioned – a fully decentralized financial system that cuts across all aspects; money markets, insurance, trading, […]
The creation of wealth in Web3 is at the forefront of investors’ minds from the moment they first interact with the space. Unfortunately, the creation of sustainable wealth has not been the case so far. As was seen with collapses like the Terra network, it is now more critical than ever that there is sustainable […]
The South Korean science and ICT ministry has said it will recruit companies that will participate in its 2022 Metaverse Content Creation Project. A director in the ministry said the project is being promoted as part of the country’s industry-leading metaverse strategy.
Building Trust in the Metaverse Content Creation Ecosystem
South Korea’s Ministry of Science and ICT in conjunction with the National Information and Communication Industry Promotion Agency (NIPA) has said it will recruit companies that will be participating in the 2022 Metaverse Content Creation....
A bill recently submitted to the New Jersey State Legislature proposes tax incentives that would target bitcoin miners as well as other digital currency businesses in the state. The purpose of the Digital Currency Jobs Creation Act, according to its authors, "is to promote innovation in the burgeoning digital currency industry, to protect consumers of digital currency services and to create jobs in the State of New Jersey". Among the specific incentives included in the draft is a proposed tax break on energy and utility bills for digital currency miners, which the text refers to as....