Original reporting + critical analysis on the world of crypto & non-national currency, monetary & banking reform, & how tech is catalyzing a new economy
Originally conceived as a peer-to-peer technology, the brunt of blockchain’s potential still lies in its ability to serve as the technological underpinning for the sharing economy.
#blockchainforimpact#socialimpact
https://t.co/4TGyBnmdww
The California Public Banking Alliance has launched to advocate for a special charter that would enable cities or regions to use a specific Public Bank license to create Public Banks. #YesPublicBanks#YesCAPublicBank@YesCAPublicBank#CPBA
https://t.co/Lgcnd8Ul3K
"…there is nothing about Bitcoin that makes it a good store of value. That line of narrative is incredibly dangerous.”
#bitcoin#ethereum#blockchain https://t.co/KmP2oplCSn
Quite a few organizations have been finding it not cost-effective at all to have tokens that need high velocities on Ethereum, but to have the the branded asset / utility / security token as an ERC20 token because that's what it's very good for
Functionally, ERC20 as a token standard has created a path dependency where orgs need to put their less-liquid token on Ethereum.
ERC20 creates a very a high opportunity cost in the form of vastly reduced liquidity for *not* using the #Ethereum blockchain and it's ecosystem.
Have you seen this new initiative "The Lake District Pound." It is our region’s new local currency designed to celebrate everything we love about this place & help keep our region special. People can spend it in local businesses around the Lake District https://t.co/5z5B16m2Pz
An interview with @nomiprins: "Bankers are playing an increasingly large role by virtue of being able to fabricate or conjure trillions and trillions of dollars of cheap money, and basically decide where it goes."
https://t.co/lT1gOblJ02
@jp_koning Seems like it would have a very low velocity, and like how many third-parties would you need for one transaction to clear? Plus your wallet is like totally public.
(joking of course)
This was a really interesting episode on an upcoming fast-clearing blockchain using tendermint consensus, where the native token will be a stablecoin.
It's a thought-provoking model for a stablecoin with no collateral. https://t.co/xHMnN9Llcw