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Baltic Honeybadger 2017 • November 25-26, 2017

The Baltic Honeybadger conference is the first major event in Latvia dedicated to Bitcoin and the technologies built around it.…

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Tag: economics

Finnish Economists Say Bitcoin Cannot Be Regulated

Category: Bitcoin, News, Regulation

Finnish Economists Say Bitcoin Cannot Be Regulated

The Bank of Finland published a report on September 5 that heaped praise on the complex infrastructure behind Bitcoin that prevents manipulation from unethical agents. Economic Innovation Economists working for The Bank of Finland, Gur Huberman, Jacob Leshno, and Ciamac Moallemi, affirmed that Bitcoin is truly a revolutionary system of currency. The three also point out the great power behind…

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An Introduction to Cryptoeconomics

Category: Cryptocyclopedia

An Introduction to Cryptoeconomics

In this guide, you will be introduced to the concept of cryptoeconomics and how it has given birth to an entirely new digital multi-billion dollar industry. What is Cryptoeconomics? Cryptoeconomics is a concept as well as a new term and, hence, has no official definition yet. According to Ethereum developer Vlad Zamfir, cryptoeconomics is “a formal discipline that studies protocols…

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Bitcoin May Become the Main Currency for Palestinians

Category: Bitcoin, Commentary, News, Tech

Bitcoin May Become the Main Currency for Palestinians

Bitcoin or a ‘Palestinian Pound,’ a digital currency inspired by Satoshi Nakamoto’s innovation, could potentially be used to propel the independence and financial sovereignty of Palestine, as Azzam Shawwa announced at a European Bank for Reconstruction and Development meeting over May 9-11. The unstable political and socio-economic situation in the Middle East has been a hindrance to the empowerment of…

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IBM Launches Carbon Credit Management Using Hyperledger Fabric Blockchain

Category: Blockchain, Business, News

IBM Launches Carbon Credit Management Using Hyperledger Fabric Blockchain

On March 20, IBM announced that it had launched the world’s first blockchain-based carbon asset management platform built on top of the Hyperledger Fabric distributed ledger in cooperation with Energy-Blockchain Labs.   The new platform will be used by the Chinese carbon asset market and will enable companies to create carbon assets more efficiently to help build a “greener” and…

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Welcome to the World of Blockchain Consensus Protocols

Category: Blockchain, News, Tech

Welcome to the World of Blockchain Consensus Protocols

For cryptocurrency transactions to be conducted successfully, they need to be confirmed by the blockchain. These confirmations are based on what are referred to as consensus mechanisms.  According to KPMG: “In distributed ledgers, a consensus mechanism is the way in which a majority, (or, in some mechanisms, all) of network members agree on the value of a piece of data…

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Why Conventional Economists Still Push “Bitcoin is Criminal Money” Narrative

Category: Bitcoin, Commentary, News

Why Conventional Economists Still Push “Bitcoin is Criminal Money” Narrative

Several conventional economists including Ann Pettifor are still pushing the “Bitcoin is criminal money” narrative with the sole intention of misleading the general public. Pettifor Claims Bitcoin is a Ponzi Pettifor firmly believes that bitcoin is a pyramid scheme. However, like many other conventional economists and analysts including Marathon Asset Management CEO Bruce Richards, she struggles to provide a viable…

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Bitcoin is a Digital Commodity, Not Just a Technology

Category: Bitcoin, Commentary, News

Bitcoin is a Digital Commodity, Not Just a Technology

A recent Bloomberg article argued that bitcoin is neither a real currency nor a commodity. Instead, the author argues that bitcoin is purely a technology and that looking at the price performance of gold versus bitcoin is like comparing “the prices of soybean futures and Intel stock.” Comparing Gold and Bitcoin Gold and bitcoin are regularly compared in the financial…

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“Rather than Resist, European Regulators should Innovate.”

Category: Altcoins, Bitcoin, News, Regulation

“Rather than Resist, European Regulators should Innovate.”

The EU seems to open its mind to cryptocurrencies and the blockchain; Malta’s Prime Minister advises to double down on cryptocurrencies, while a report by the Parliament focuses on how blockchain could improve several key areas of economy and state. By now the EU usually has become the subject of cryptocurrency news for its planned regulation which mostly considers Bitcoin…

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Bitcoin to the Rescue, Money Amid Economic Chaos

Category: Bitcoin, Commentary, News

Bitcoin to the Rescue, Money Amid Economic Chaos

People in the mainstream segment of the United States have, by now, at least heard about Bitcoin. But many still hold reservations about the digital currency and its legality, since the US government has not explicitly given its verdict. Even without government permission, bitcoin, the currency, and its decentralized nature do not give away a single point of failure for…

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Demonetization is Leading to Another Catalyst for Bitcoin Demand and Prices

Category: Bitcoin, Commentary, News

Demonetization is Leading to Another Catalyst for Bitcoin Demand and Prices

India’s economy is making swift progress towards the digitization of money. Whilst this is great news, as they are keeping up with technological advances globally, India is faced with consequences surrounding the weak infrastructure, lack of internet access, smartphone devices and weak financial technology that is necessary for online payments. According to Credit Suisse, over 90 percent of India’s consumer…

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