"Blockchain technology cannot, and will not, have transaction reversal mechanisms because they are antithetical to its base design. Similarly, most public blockchain-based financial products are a disaster for financial privacy; the exceptions are a handful of emerging privacy-focused blockchain finance alternatives, and these are a gift to money-launderers. Financial technologies that serve the public must … Continue reading Letter in Support of Responsible Fintech Policy
Tag: blockchains
Metaphorical Apes & Gorillas
https://youtu.be/R4TO7nay37Y?t=880 Apes & Gorillas is another little gem from Joe Armeanio. It closely mirrors the idea two computing revolutions talked about in this post that talks about: Apps with easy to use interfaces designed for casual users Application layers, that provide tools that allow new ways of using a computer that were previously impossible There's … Continue reading Metaphorical Apes & Gorillas
Stable Anchors & Financial Dominance
"The less dominant the U.S. economy is, the less the dollar can function as a stable anchor for the global financial system. It was still intact in 2008-10, when a global financial crisis sent capital flooding to the safe haven of U.S. government bonds. But in recent years, people have begun to question whether Bretton … Continue reading Stable Anchors & Financial Dominance
Why Ergo?
Ergo is different from other blockchains. It is focused on providing a decentralized, open, permissionless, and secure platform for contractual money that is usable by ordinary people to pursue their common good over the long term. It is designed to be resilient in the face of different economic environments and competing interests, allows individuals to … Continue reading Why Ergo?
A Full-Fledged Enemy of Web3
Ethereum should inspire anyone interested in the future(s) of the internet, because it demonstrates, powerfully, that new protocols are still possible. I do not think Web3 is a desirable or even tolerable path forward for this web right here, but I take its lesson well. “Code wins arguments”, and so do clubs, and cults; time … Continue reading A Full-Fledged Enemy of Web3
The Internet of Grift (Non-Fungible Tokens Edition)
"The moment that something has bubbled up to the surface long enough for it to establish real value is the exact moment at which those engineering the system for their profit are planning to exit or have already left. All of the flashy press has likely died down due to the market cap crashing from … Continue reading The Internet of Grift (Non-Fungible Tokens Edition)
Grok the Modern Vision of Blockchains
"...this course will focus on the fundamental principles of blockchain design and analysis, such as they are in 2021 (it’s still early days. . . ). The goal is to equip you with the tools and concepts to evaluate and compare existing technologies (cutting through the rampant marketing crap), understand fundamental trade-offs between the goals … Continue reading Grok the Modern Vision of Blockchains
The State of Cryptocurrency, Mid-2017 Edition
Main takeaways: It’s not that hard to get up to speed. Overall, the cryptocurrency ecosystem feels younger than I thought. Blockchain is the technology that will let lifestyle businesses cross the chasm from fringe to mainstream. Micropayments still aren’t going to work. Money leads to Power which leads to Centralization. Cryptocurrencies and their technologies can … Continue reading The State of Cryptocurrency, Mid-2017 Edition
Redecentralize the Internet
"Every new medium (read: technology) has four sets of effects, he said, which can be best discovered in answers to four questions: What does the medium enhance What does the medium make obsolete? What does the medium retrieve that had been obsolesced earlier? What does the medium reverse, or flip into, when pushed to extremes?" … Continue reading Redecentralize the Internet
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