Bitcoin And A World Of Rules Without Rulers
Bitcoin offers an opportunity for society to move toward systems of clear, easy-to-understand rules instead of our current system of rulers.Human beings, for the most part, all know what fairness means. Of course, we don’t agree with one another: Who’s to say what is and isn't fair? We don’t even agree on whether we should strive for a fairer world or just accept that it isn’t fair and get on with it.But the vast majority of people have their understanding of the concept, even if it differs from everyone else's. It's the basis of what we generally refer to as our conscience and it forms....
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The rulers of Dubai have created a committee that is mandated with tracking the latest developments in the digital economy. The committee is also expected to bolster the rulers’ quest to make Dubai a “key city in the metaverse.”
Dubai Rulers’ Vision
The Dubai rulers, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum the crown prince and the deputy prime minister, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, reportedly “reviewed vital technology trends in the metaverse and issued directives to form a task force to track the latest....
Anarchy is a perfect match for a Bitcoin because people come together to decide what rules should exist, without having authoritarians involved.
Today we have a very interesting interview with the author of Bitshares 101, Max Wright. The release of Bitshares 101 happened last Thursday during which Bitshares was outlined. Bitshares is a community of independent Distributed Autonomous Company developers known as DAC. DAC is a free market company whose shares can be transferred from person to person over the internet without the use of a third party. Without further ado, the interview: In your words, what is bitshares and what innovation does it bring to the table? There are really too many to list. Trying to condense just a few into....
In the long run, this news will be positive for the bitcoin ecosystem as a whole. The bitcoin world was rather shocked to find out the PBOC had another meeting with exchange operators. Although that had been announced weeks in advance, the market responded in a rather negative manner. As it turns out, this meeting took place to inform domestic exchanges about the AML and forex rules affecting all Chinese companies. Not adhering to these rules can result in the exchanges being shut down, albeit no one is violating the rules right now. It is not surprising to learn AML and foreign exchange....
An often misunderstood topic is that of chain splits and how they are potentially resolved. With the recent proposal from Shaolinfry discussing User Activated Soft Forks (UASF) getting much attention, these misunderstandings must be clarified to fully understand the implications of chain splits and their potential resolutions. Types of Forks. Miners can create chain splits through the deliberate orphaning of blocks that appear to be valid to some clients. Users maintain a set of consensus rules that they require of all blocks. When users disagree about the sets of consensus rules to....