I have mentioned before that I do not believe in bitcoin and blockchain technologies because of their attempt to circumvent trust. I believe in using technology to nourish trust relationships. This article (via the P2PFoundation) does a good job of demonsrating the issue of trust and how it has already manifested and challenged ongoing blockchain […]
Tag Archives: bitcoin
Revisiting Trust in Bitcoin and Blockchain
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Posted in Intake, Intellect Run Amok, Money, outside, Tech Stuff
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Trust Disrupted: Bitcoin and the Blockchain
nA good overview of some of the fascinating issues that the bitcoin and blockchain spaces are experiencing. An underlying assumption in this field, that is not explicitly mentioned, is that technology and mathematics can be used to generate trust where people (for different reasons) cannot. That is one of the main reasons I am a […]
Posted in AltEco, Business, Community, Intake, Intellect Run Amok, Money, outside, Tech Stuff
Tagged bitcoin
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Cryptocurrencies are having crises of governance
n“… Cryptocurrencies are having crises of governance — Bitcoin about blocksize and other scaling strategies, Ethereum because the hard fork they made to try to save DAOhub in the midst of its crisis of having no way to authorize an update to a buggy smart contract. Plenty of other coins and systems have had their own issues […]
Posted in AltEco, Community, outside, Tech Stuff
Also tagged community
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Bitcoin experiment crashes into the cliffs of human nature
nOne of the core developers of Bitcoin has left the project and written extensively about how it has unfolded (via Matt Mullenweg). I felt relief when I read this. I am uncomfortable with Bitcoin. I have done some inquiry into its nature and I believe it is in some ways an interesting experiment. But I […]
Armies as Market Makers
nIn Debt: The First 5000 Years David Graeber highlights a recurring historical pattern that emerged in different cultures around the world: armies as market-makers. When a conquering army is sent out it needs a lot of supplies to keep it going. Instead of having to provide supplies kings / emperors / what-nots would 1) pay […]
Bitoin (un)Reality Check
nIf you are a spectator watching the so called Bitcoin Bubble expand then this is for you – a Bitcoin FAQ: “1) Should I buy Bitcoins? No. … 9) Wait, does that mean that every advantage that people claim Bitcoin has is not actually true? Yes. It’s not anonymous, it’s not free, it’s not instant, […]
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How Bitcoin Works
nFollowing the passionate podcast comes an excellent technical yet accesible description of how Bitcoin works came to me also via Pietro. It, together with the podcast, outlines the underlying potentials of Bitcoin as a technology (rather then as a currency) … and I have questions: Would it be correct to describe Bitoin as a publicly […]
Posted in AltEco, Intake, Open Source, outside, Tech Stuff
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Oligarchy of Programmers?
nA twitter interaction with Pietro led to him sharing with me the following video: I do think that bitcoin as an amazing technological innovation (that may give birth to other valuable inventions), but I also believe it is, for now, a useless one. If to embrace the metaphor from the video – bitcoin is like […]
Posted in AltEco, Intake, Intellect Run Amok, Open Source, outside, Tech Stuff
Tagged bitcoin
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Bitcoin Robot: A Bitcoin Pyramid Scheme
nThe Bitcoin Robot confirms my feelings about bitcoin. To me the Bitcoin Robot seems like another fear-based (the world is in crisis) pyramid scheme (buy your way out of the crisis): join, buy some bitcoing and let the robot generate profitable transactions for you. That didn’t take long! A(nother) potentially great technology detached from life […]
Should
nTo me the word “should” implies a need and opportunity for making a moral choice. This article about the American IRS trying to penetrate the (completely irregulated – by design!) Bitcoin economy (if you can call what is happening around Bitcoin an economy). The last paragraph in the article uses the word “should”: “The FinCEN […]
Bitcoin: More Tech Masturbation?
nThis post is infected by the post that came shortly before it. Though the bitcoin experiment has some interesting core ideas I do not believe it has a substantial role as an alternative currencies. It is drawing a wrong kind of attention and people to it. Update: May 4th 2013 Bitcoins is an excellent demonstration […]
Posted in Intake, Intellect Run Amok, outside
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