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…

Bitcoin 2.0: Decentralized Asset Transfer

Bitcoin's Killer Apps - Chain.com's Blog -  by Adam Ludwin Some ideas for native bitcoin apps - by Chris Dixon Bitcoin 2.0 relates to the non-currency use cases of the Bitcoin blockchain as a distributed ledger for tracking ownership of various other assets. These have been coined as native applications or use cases that would not be…

The Power of The Blockchain: Future Developments and Applications

Talent hits a target others can't hit, Genius hits a target others can't see. - Arthur Schopenhauer The sentiment surrounding Bitcoin has transformed. It has gone from being known as the anonymous payment mechanism to facilitate illegal transactions, to a speculative digital bubble with no intrinsic value, to what industry leaders are now calling the…

Bitcoin: The Digital Denominator

ipfs:QmeUdjeZv9Gkmxsj6mFEqW8bZk9UMwLcbrvpViajMdBnkV Abstract The ability to transfer and hold value is intrinsic to human nature. The classic gold standard established a common denominator for countries to participate in international trade, investment, and finance. After World War II, the Bretton Woods monetary system reformed the gold standard and made the United States dollar the centerpiece of the…