The blockchain can intermediate funds. That means the elements are in place for the development of a stable financial market.
Bitcoin and Blockchain
Blockchain is going mainstream, and that's a good thing.
How is it possible in a free market to use “too much” electricity to mine Bitcoin? The problem lies in the pricing in our electricity markets, and it isn’t going away anytime soon.
A new cryptocurrency, "basis," seeks to eliminate price volatility by setting up an “algorithmic central bank,” that is, a set of rules that adjust the money supply without human intervention.
Facing competition from blockchain-based tokens, SWIFT has made significant upgrades we all benefit from.
It’s hard to say with a straight face that Bitcoin is “the stable cryptocurrency,” but compared to its cousins, its wild price swings are a little less wild.
The beauty of the art example of distributed ownership is that it gets the creative juices flowing. How many other applications of blockchain are out there waiting? Blockchain is like oil, like the Internet, like fire; that is, not a single instance with one use case but a resource with potentially limitless uses. doing countless other things. It is technology for building things and for making human relationships more peaceful and more prosperous.
Telling an entrepreneur with a great idea in a blossoming industry to sit on their hands for a couple of years is a tough sell, but there are of reasons why sitting down and taking a deep breath today might lead to greater success down the road.
Get ready, crypto community, because the czars are coming for you! On Monday, June 4, the Securities and Exchange Commission appointed Valerie Szczepanik to a new position: “associate director of the Division of Corporation Finance and senior advisor for digital assets and innovation,” known informally as the “crypto czar.”
Blockchain enthusiasts often focus on the potential for smart contracts to replace biased and fallible humans with cut-and-dry computer code. But this emphasis on code over humans can confuse both the definition and true potential of smart contacts.
This week, it was my pleasure to sit on a panel with Gavin Brennen of Macquarie University in Sydney, Australia, a physicist and one of the world experts on this topic. He presented a very nice paper that examined this question in some detail. He began with his frustration over the headlines that swept the tech world last October and November. They were as alarmist as they were misleading. He set the record straight.