In the wake of the 2018 ICO bubble and with the purported potential of blockchain, many people have drawn parallels to the 2001 bubble. I recently reread Perez’s work to think through if there are any lessons for the world of blockchain, and to understand the parallels and differences between then and now. As Mark Twain may or may not have said, “History doesn’t repeat itself, but it does rhyme.”'
"Distributed systems have to make trade-offs to function effectively in an asynchronous environment like the internet — one without a global clock to define the ordering of events. Blockchain-based networks, designed to carry immense value, must also guard against malicious, or byzantine, actors."
"IOST’s consensus algorithm — PoB — includes a more decentralized committee election process than current DPoS systems while still maintaining the scalability benefits and censorship resistance."
"Szabo’s law is simple: Do not implement changes to the blockchain protocol unless the changes are required for the purpose of technical maintenance."
"Straightforward presentation of the policies proposed in the book"
"Understanding What’s Possible & What Comes Next"
"An in-depth examination of the Ethereum Virtual Machine vs. Kadena’s Pact smart contract language"
"The question of who controls the ability to merge code changes into Bitcoin Core’s GitHub repository tends to come up on a recurring basis."
"Long-Term Value Potential & Analysis"
"In other words, is there a way for charities to create viral donation mechanisms with inherent network effects, that maximise both the amount donated and the number of people donating?"
"Understanding a blockchain’s governance structure is as important as understanding how it operates."
"Second layers are a big part of Logos’ scalability plan. But our primary focus is scaling the first layer to the limits of hardware and beyond."
"Some of the most popular Blockchain concepts seeing practical implementation now have been in theoretical existence since the 1990’s e.g Proof of Work, Ricardian contracts & Smart contracts."
"In this article, I will detail thoughts around the Moloch DAO. It’s a new type of organisation (developed by Ameen Soleimani, Arjun Bhuptani, James Young, Layne Haber & Rahul Sethuram) that blurs and redefines the definition of a firm."
"Over the last 20 years, a lot of companies have built large online marketplaces to connect buyers and sellers. Amazon, eBay, Uber, and AirBnb typically come to mind as the most obvious examples. But there are many more."
"A lesson in stablecoin arbitrage"
"Blockchain tech and cryptocurrency are the underpinnings of a new financial infrastructure, just as the internet was the underpinning of a new information infrastructure. Neither was, nor will be, built overnight."
"Analyzing an open network’s virality potential"