Why Bitcoin Really Does Represent the Democratization of Money
Bitcoin is commonly regarded as a truly democratic form of money. Interestingly enough, however, there seem to be various explanations supporting this characterization. Furthermore, at least one of these interpretations have caused some to doubt whether Bitcoin does in fact still represent the democratization of money, or whether it has perhaps become....
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What is Bitcoin, and why do you care? Bitcoin is freedom for money. Let me explain: Bitcoin is third "democratization" that I've had the privilege of living through. The first was the Internet of course, the democratization of communication. No longer did you need a printing press, runners, trucks, call boys in order to make your voice heard. Now all you needed is WordPress and a good story. Look at Matt Drudge. He has singlehandedly revolutionized political reporting. His influence is at times stronger than the New York Times. And it's just him and an assistant and a very, very simple....
“With $13 billion worth of Ether locked up in Ethereum 2.0 and $70 billion locked up in decentralized finance, we have enormous demand for the Ether token,” said ConsenSys founder Joe Lubin. ConsenSys founder and Ethereum (ETH) co-founder Joseph Lubin has implied that Ethereum is transitioning to “ultrasound money” status ahead of the London hard fork slated to activate around 12:30 pm UTC Aug. 5. During an interview with Bloomberg TV, Lubin was questioned on the imminent EIP-1559 upgrade, which will see Ethereum transition away from a bidding-based fee market to a fixed price and burn....
On January 2 Counterparty, the peer-to-peer financial platform built on top of the Bitcoin blockchain, announced the celebration of its 1st Year Anniversary. On January 2, 2014, Counterparty emerged as an innovative project with a mission to provide a peer-to-peer financial market within the Bitcoin protocol and represent a step towards the democratization of finance. One year later, Counterparty has evolved into an advanced platform for creating financial instruments on top of Bitcoin. In October, Overstock.com CEO Patrick Byrne announced a partnership with Counterparty to build a....
A recent report by Consensys says the surge in decentralized exchange (DEX) volumes in Q3 of 2020 is down to their adoption of the automated market maker (AMM). According to the report, DEXs that use AMM, a software that algorithmically creates token trading pairs, now represent 93% of the market. The good side of AMMs Already, as a consequence of using the AMM, Uniswap’s September traded volume topped $15.4 billion, a figure nearly $2 billion ahead than that of Coinbase’s. Prior to the surge in the use of AMMs, order-books were used instead. The Consensys Defi report asserts....
BitMessage: A Model For A New Web 2.0? Over the past twenty years, the democratization of cryptographic technology has brought us the potential for an unprecedented level of privacy, giving the common man the ability to browse documents, have conversations, and now, with Bitcoin, send money to people around the world without even the most powerful corporations and government agencies being able to get in the way, but actual adoption of these technologies has been slow. It was once thought that PGP, the encryption tool created by Phil Zimmermann in 1991, was undoubtedly going to become....