Fungible currency is, or must be, a cornerstone of a democratic and free society. In this blog I will explore what a fungible currency is and why Bitcoin and Ether currently are lacking in this respect. What does “fungible” mean? Goods or items in a collection are “fungible” if all of the items have the … Continue reading Fungibility – why Bitcoin or Ether aren’t the most democratic currencies yet
In the past few weeks I’ve written about that blockchains are a kind of distributed ledger, and how they can be useful. But in these posts I left with a few unanswered questions that I’ll try to answer here. So far everything about blockchains seem wonderful. Blockchains will allow software, people and organisations to transact … Continue reading What’s the cost of using blockchains?
What we will discover in this blog post are some practical examples of how the social economics of any organisation can benefit with more auditable democracy and decentralised processes using blockchain technology. I’m writing this post in the context of the Iron Blogger (IB) organisation, but these concepts can of course scale to almost any … Continue reading A practical example of benefits using blockchain technology
The first principle of economics is: Everything has a cost. This applies equally well to financial, political and social economics. It’s the very foundation that the current form of our society is built on. It’s a common misconception that cost can only be paid with a monetary price, such as money. But ultimately cost can … Continue reading There ain’t no such thing as a free lunch
Most systems that we know in life are centralised. For example, systems like governments, banks and public transport are centralised. This means that all people in the system only need to trust the one central authority that run the system for you. The only drawback is that you really need to trust that central authority […]