โข
Regulation means both Gemini and Paxos must comply with NYDFS anti-money-laundering (AML) rules as well as efforts to counter the financing of terrorists (CFT).
โข
What this is about is what is called provenance, which is the definitive establishment and documentation of who has owned what and where it has been. This is the foundation contribution of blockchain, to prove provenance better than any other technology in history.
โข
Disruptive technologies are rarely superior to incumbents in every single product or service the latter provides. And incumbents are rarely passive enough not to adapt and adopt in response to technological change.
โข
“While we sit around wondering why blockchain and other technologies arenโt turning the world upside down before our very eyes, itโs instructive to remember that epoch-defining inventions of the past that we now reduce to a sentence or two actually took ages to unfold.” ~ Max Gulker
โข
A number one fallacy in the history of economics is the labor theory of value. The idea here is that things and actions are made valuable by how much work we put into making them. Sounds intuitively right. Itโs completely wrong. Things have value because you and I value them, regardless of labor inputs.
โข
This isnโt a ponzi scheme, conspiratorial black box, or โanimal spiritsโ run amok. This, my friends, in all its messy and occasionally terrifying glory, is a market.
โข
Bitcoin and crypto in general are especially susceptible to shady operations. People assume two things about this sector: 1) it is too hard for normal people to understand, and 2) if you are not in, you are missing out. This is a perfect opportunity for the con man.
โข
Blockchain is going mainstream, and that’s a good thing.
โข
How is it possible in a free market to use โtoo muchโ electricity to mine Bitcoin? The problem lies in the pricing in our electricity markets, and it isnโt going away anytime soon.
โข
Cryptocurrency and blockchain technology in general face a particularly high hurdle when it comes to peopleโs developing an intuitive mental model.
โข
Regulation means both Gemini and Paxos must comply with NYDFS anti-money-laundering (AML) rules as well as efforts to counter the financing of terrorists (CFT).
โข
What this is about is what is called provenance, which is the definitive establishment and documentation of who has owned what and where it has been. This is the foundation contribution of blockchain, to prove provenance better than any other technology in history.
โข
Disruptive technologies are rarely superior to incumbents in every single product or service the latter provides. And incumbents are rarely passive enough not to adapt and adopt in response to technological change.
โข
“While we sit around wondering why blockchain and other technologies arenโt turning the world upside down before our very eyes, itโs instructive to remember that epoch-defining inventions of the past that we now reduce to a sentence or two actually took ages to unfold.” ~ Max Gulker
โข
A number one fallacy in the history of economics is the labor theory of value. The idea here is that things and actions are made valuable by how much work we put into making them. Sounds intuitively right. Itโs completely wrong. Things have value because you and I value them, regardless of labor inputs.
โข
This isnโt a ponzi scheme, conspiratorial black box, or โanimal spiritsโ run amok. This, my friends, in all its messy and occasionally terrifying glory, is a market.
โข
Bitcoin and crypto in general are especially susceptible to shady operations. People assume two things about this sector: 1) it is too hard for normal people to understand, and 2) if you are not in, you are missing out. This is a perfect opportunity for the con man.
โข
Blockchain is going mainstream, and that’s a good thing.
โข
How is it possible in a free market to use โtoo muchโ electricity to mine Bitcoin? The problem lies in the pricing in our electricity markets, and it isnโt going away anytime soon.
โข
Cryptocurrency and blockchain technology in general face a particularly high hurdle when it comes to peopleโs developing an intuitive mental model.
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