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Blockchain & Cryptocurrency Con 2018 • February 23-24, 2018

The blockchain technology is much more than Bitcoin and mining and trading cryptocurrencies. It can be leveraged in a wide…

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Tag: economics

Applying Game Theory to Bitcoin: Feather Forking and Censorship

Category: Bitcoin, Blockchain, News, Tech

Applying Game Theory to Bitcoin: Feather Forking and Censorship

By extracting only the relevant portions, the author will investigate how game theory is often unnoticed in the realm of network attacks. A principal derivation of this study, specifically for Bitcoin, is Feather Forking or Block Discouraging. For the sake of argument, the former will represent the negative and the latter, the positive censorship capacities of mining centralization. Of greatest…

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The Blocked Chain: To Make It Work, Just Add Fungibility

Category: Bitcoin, Blockchain, Commentary, News

The Blocked Chain: To Make It Work, Just Add Fungibility

Bitcoin and other cryptocurrencies have excited the investing world since their advent for many reasons. They promised a sleek new way for those who needed to send funds around the globe without onerous bank charges. They also seemed to iron out issues around fiat currencies and currency exchange transactions, not to mention the appeal of currency, by the people, and…

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Bitcoin Miners Have Already Mined 80 Percent of the Total Supply Cap

Category: Bitcoin, Commentary, Mining, News

Bitcoin Miners Have Already Mined 80 Percent of the Total Supply Cap

Barely a couple of weeks after bitcoin entered the ninth year of its existence, it passed yet another significant milestone on January 13, 2018, when the number of all coins mined reached 16.8 million. Of the total 21 million bitcoins expected to be extracted in total, 80 percent have thus far been mined. The remaining 4.2 million bitcoin will continue…

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Bitcoin Price Driver: Ownership becomes a Matter of Social Status

Category: Bitcoin, Commentary, News

Bitcoin Price Driver: Ownership becomes a Matter of Social Status

The most popular cryptocurrency bitcoin also referred as digital gold, has had an exciting and sumptuous year. Bitcoin’s price grew over 1500 percent in past 12 months, making it one of the best investment options. The digital asset is now used as a social status boosting element due to its escalating price. Bernstein Research has compared China’s status boosting alcoholic…

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“HODL!” Says Foundation for Economic Education Director

Category: Bitcoin, Commentary, Finance, News

“HODL!” Says Foundation for Economic Education Director

Can you buy a cup of coffee with Bitcoin? If you can, should you? If you own Bitcoin and choose to sit on it and not spend it, are you hurting the economy at large? Are you hurting or slowing Bitcoin’s growth? According to the Foundation for Economic Education (FEE) Director and author of thousands of scholarly articles, no, you…

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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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