The most basic economic concepts like what is money can sometimes be difficult to get right. A few weeks back I wrote about how Bitcoin is not money. In this post I’m going to continue with a few random thoughts about money, financial liquidity and explore what true money could look like on the blockchain. … Continue reading Money on blockchains
This has certainly been a crazy week in the cryptocurrency landscape. I keep writing about this topic, because it truly fascinates me. For years, this crypto thing has been looked at with pessimism, laughed at, and misunderstood. Cryptocurrencies are still misunderstood, but now suddenly both aspiring digital cat owners and Wall Street brokers alike, wants … Continue reading The clash of two worlds – kitties and Wall Street brokers
It’s sometimes hard to frame conversations around cryptocurrencies like Bitcoin and Ether. That’s largely down to the fact that no one can truly express what these things are, and what they mean to humans and our society. These are entirely new organisms that lack precedence. Is Bitcoin money? Is Bitcoin a network or a protocol? … Continue reading Bitcoin is not money
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 […]