"A traditional business is generally best positioned setting up shop in a location with existing residents, utilities, law, security, and a vibrant market economy. Similarly, developers benefit from building on top of shared resources such as an existing user base, data, security and running code."
Links to the best articles, videos and podcasts about Blockchain.
"Today’s global debt markets are robust — transmitting trillions of dollars in value across a multitude of services that allow the economy to operate at never before seen scale. But while efficiency continues to increase, there are still a number of foundational issues that plague existing credit markets including a lack of transparency and a general over-reliance on trusted third parties."
"To fully understand the significance of public-key cryptography, we must first take a few steps back and understand how our society is principally organized around the concept of property."
"I have been skeptical about Turing complete on chain computation for a long time. Many early proponents took the position that there is no issue because a mechanism such as Ethereum’s gas limits how long a computation can run."
"Beyond the environmental concerns, this inefficiency threatens blockchain as a meaningful platform for enterprise. The high energy costs are baked into the system, and, because the cost of running the network is passed on in transaction fees, users of these networks end up paying for them. Initially, companies that use bitcoin may not see the financial consequences, but as they scale, the costs could become fatal."
"What follows is a very lightly edited transcript of one of our chats. In it, Ed attempts to explain “blockchain” to me, despite my best efforts to cling to my own ignorance."
"The buzz around blockchain has reached unavoidable levels—from cryptocurrencies to tracking where your Thanksgiving turkey is coming from, it seems everyone is abuzz. And while most take a decades-long view to consider the future of Bitcoin and whether token sales can replace venture capital, a large and disruptive move is already here: blockchain may mean the end of the middle manager."
"Harberger Tax is an economic policy that aims to strike a balance between pure private ownership & total commons ownership in order to increase general welfare of society. It helps ensure that property is more productively utilised by the society, resulting in an increase of overall economic productivity and general welfare of society. It keeps the power of the market, whilst reducing the inefficiencies in how property is currently allocated. At a relative cost to efficiency in investment returns, it reduces the prevalence of monopolies that exclude society from an asset’s wealth generating capabilities."
"The blockchain is a very special kind of distributed database. Before the blockchain, we would not see two or more companies sharing a distributed database collectively, let alone using this database to verify the integrity of each other’s information."
"Prediction markets facilitate the trading of event derivatives. They have been around since the 1990s. They are sometimes also referred to as information markets, idea futures, and decision markets. Participants use prediction markets to speculate on outcomes of events. Many believe that decentralizing prediction markets will allow us to harness their full potential by lowering the cost of participating, bypassing strict regulation and increasing adoption by making the platforms more accessible across geographies."
"These major sectors are already deploying Ethereum blockchain solutions to solve industry problems."
"Reviewing Thermocap | MVRV-Z | UTXO Age Distribution | NVT Signal | Network Momentum… and no ‘market cap‘."
"Though still a relatively new technology, blockchain has quickly proven its worth. The first use case, Bitcoin, has managed to bring forward the concept of decentralization, and in the meantime distributed ledger technology has exploded in popularity thanks its massive potential, causing multi-industry disruption."
"Many proof of work (PoW) chains aren’t secure. They’re extremely difficult to bootstrap hashpower for and as the value of the network greatly outpaces the coordination and hardware cost of an attack, it becomes quite lucrative to do so. An exception, in this case, would be Bitcoin as it had a first-mover advantage and is the strongest network from both an ideological standpoint and mining operations."
"EOS, the blockchain protocol designed to host industrial-scale decentralized applications (DApps) and launched this summer following a $4 billion initial coin offering (ICO), has created no shortage of buzz in the enterprise blockchain space. If fully realized, it could be an incredible tool for large corporations to begin reaping the benefits of decentralization. However, its delegated-proof-of-stake (DPoS) consensus model and some hiccups around how this functions have been controversial."
"An overview of key breakthroughs in blockchain technology — and why Nakamoto Consensus is such a big deal"
"We believe blockchain technology will eventually impact many industries. We are already involved in promising developments in areas like capital markets, money transmission and banking, voting, supply chain, property and self-sovereign identity. But there is still a long way to go before blockchain technology can realize its true potential."
"If peak crypto is behind us and the blockchain bubble has burst, where does the promise of this world-changing technology go from here?"