All tagged cryptocurrency
This is the best time to give away a cryptocurrency as a Christmas present. Not only is there a much higher chance of your loved ones getting a present, which will appreciate next year, but it gets the point we all try to make across much more effectively. However please remember to emphasize necessity of backups, so excitement doesn’t turn into disappointment. My simple template attached.
The only alternative to expending resources on money issuance is a centralized trust. The consequences of trusting governments to manage the supply have been disastrous - ranging from bureaucratic waste to horrible wars. Crypto mining compared to that is a beneficial tradeoff.
Stablecoins, equity tokens and smart contracts on Bitcoin and Bitcoin Cash will enable well-funded distributed organizations building censorship resistant and permissionless marketplaces.
This article was originally published at e27
It is of no use for a large legacy energy producer or distributor to experiment with private blockchains just to fill pockets of blockchain consultants. But cryptocurrencies running on open and permissionless blockchains could be the right solution for an underserved market of small communities comprised of net energy producers and consumers.
The word blockchain is mostly used by people clueless about its real value proposition and a context within which it needs to operate. It is being thrown at problems, which could be solved by a simple integration architecture and brought up to either overcome self-imposed bureaucratic barriers or to sell consulting mandays. Without it being open and permissionless , it is just very expensive and slow database. Cryptocurrencies must not only be inseparable part of any blockchain solution, but often make much more sense to implement to a business.