Conclusion of the episode: Stablecoins, yet another kind of shitcoins. Another point: I don't get the benefit for the US govt to issue a FedCoin. Apart from the buzz that a FedCoin would get, the dollar has still the property of a shitcoin already: a...
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September 18th, 2014 by rotalumis
A world of exciting possibilities is unfolding as we wrap our heads around digital tokens (such as Counterparty assets like LTBcoin) and their uses. Here are a couple of use cases I have been thinking about lately: token-based affiliate programs and token-based member-invite-only systems.
Adam B. Levine explained the idea of Token Controlled Access and the specific application of this called Token Controlled Viewpoint, where visitors to a website have different privileges and levels of access based upon the specific digital tokens they hold in a particular Counterparty address.
Say you are starting your own secret society. You could create a website that looks like an s... Read More
4,218 viewsAugust 4th, 2014 by rotalumis
On July 29, 2014, Patrick Byrne, CEO of Overstock - one of the world*s largest online retailers - launched a wiki page where he invited open discussion about the best way for a public company to completely bypass entities like NASDAQ and the New York Stock Exchange and issue its securities on a decentralized platform similar to Bitcoin.
The timing could not have been more comical.
That same Tuesday, a number of Wall Street suits, including representatives of Visa, Citigroup and other financial institutions, gathered for the one-day Digital Currencies conference, organized by America... Read More
2,885 viewsJuly 30th, 2014 by rotalumis
We all remember that kid at school who was strong or influential enough to decide who got to play ball or form part of the gang. That is a gatekeeper.
The gatekeepers of the adult world wield much greater power, of course. And yet, just like the class bully, they typically use their influence to get their way and exclude people or entities they dislike.
The problem with gatekeepers
In April 2014, Stefan Molyneux, came down heavily on political corruption and warmongering in an Amsterdam conference talk titled Bitcoin vs.Political Power. Right after he uploaded the talk to YouTube, Google suspended the eight-year-old YouTube account he had used t... Read More
2,397 viewsJuly 17th, 2014 by rotalumis
How do we turn crypto-skeptics into crypto-advocates?
It can be quite fascinating to hear people who are involved in Bitcoin and cryptocurrencies talk about the time they first heard of the whole phenomenon, about their first impressions, and about how their opinions changed. You will find it is not always a tale of love at first sight.
What is your story? What did you think of Bitcoin and crypto in general back when you discovered them? How h... Read More