With blockchain technology, where is the line between buzzword and legitimate game-changer?
Bitcoin and Blockchain
What would happen if Bitcoin’s and Ethereum’s biggest competitor in the cryptocurrency space was the U.S. Federal Reserve? A new report issued by the Bank for International Settlements (BIS) considers whether central banks should issue their own cryptocurrencies.
A company is trying to bring the calming influence of gold to the Wild West frontier of cryptocurrencies
A monetary standard based on Bitcoin, a digital currency, would act something like the gold standard in making price levels more predictable and stabilizing exchange rates but would likely be undone by politicians and central bankers.
When governments try to ban the free exchange of goods and services, markets tend to make them look silly.
The rise of blockchain technology and associated cryptocurrencies is creating both exciting funding opportunities for young companies and potential regulatory battlegrounds.
Smart contracts are highly useful in many cases where contracting parties lack a strong ex post enforcement mechanism (like a court system) and need to pre-commit to not defrauding or otherwise taking advantage of each other when executing a contract.
Trends in crowdfunding and cryptocurrencies are converging into a mechanism catapulting cash-poor young companies and fashioning a new financing landscape.
Some of Europe’s biggest electricity operators plan to start trading on a blockchain platform before the end of this year, although a collision with the European Union’s regulatory apparatus remains a possibility.
With the meteoric rise of Bitcoin over the past few years, the seams of the system have begun to strain.
Contra Mises, explicit coordination might be used to launch an intrinsically worthless item. Such a view is in line with standard models of money employed by economists today. Coordination also seems to have played a role in launching bitcoin.