Distributed Consensus Protocols

Blockchain technology is the greatest computational advancement we have seen in the past 5 years. In terms of available information, real-time market effects, network effects, sentiment, research, feedback loops for price, volume, transaction levels; there is currently nothing as open and riveting. It is a new distributed database that can potentially be the foundation for an … Continue reading Distributed Consensus Protocols

2015

2014- I mined just about .99 bitcoin, graduated from college, and became captivated by Bitcoin and the future of blockchain technology. As I read and research, and reread whitepapers and write, combine, edit, and go back and reedit; in the process I gain a greater understanding and become more cognizant of what this technology actually will … Continue reading 2015

Smart Contracts and Chains of Distributed Ownership

Blockchains and sidechains: decentralized and distributed store of value and transfer networks that consist of replicated, unalterable, and time-stamped transaction ledgers. Smart contract: a legally enforceable agreement written in computer code made by competent parties, to perform or not perform a certain act.  Contracts may be express or implied, bilateral or unilateral, executory or executed, and … Continue reading Smart Contracts and Chains of Distributed Ownership

(Bit)coinWorld at Money20/20

The future has already arrived it is just not evenly distributed yet. This quote explains my overall takeaway from the Money20/20 conference at Aria in Las Vegas. The packed conference halls and sessions were filled with over 7,000 attendees from numerous money services businesses, payment processors, and banks from around the world. I believe the most … Continue reading (Bit)coinWorld at Money20/20

Coined: Semantics, Bitcoin, and Law

Semantics are the human window into the language of thought. The existing financial terms are in place as ideals and generally accepted principles that businesses are supposed to know and abide by in order to provide consumer protection. The proposed BitLicense by the NYDFS is a perfect example of where existing financial terms overlook the capabilities of blockchain technology. The … Continue reading Coined: Semantics, Bitcoin, and Law