A Santa Monica-based startup says it has produced the first dollar-backed digital currency. If successful, this new currency could exploit bitcoin’s inexpensive and direct payments network, while avoiding its volatility.
Marc Tirel's insight:
Interesting but what happens if the dollar crashes ?
Annoncée pour début avril 2014, la Maison du Bitcoin a l'ambition d'être à la fois un lieu d'échange pour les entrepreneurs et les passionnés, un site d'initiation ouvert au grand public, un espace de co-working et une mine de bitcoins. Adresse : 35 rue du Caire, Paris 2ème.
La maison du Bitcoin, c'est quoi ? - un espace ouvert au grand public dans Paris pour comprendre concrètement ce qu'est le Bitcoin : explication des concepts, visite d'une mine, acquisition et dépense de bitcoins - un incubateur de startups Bitcoin (échange, trading, mining, paiement, hardware...). Vous avez vous même un projet ou connaissez quelqu'un qui en a un ? Envoyez nous un email ! - une mine SHA256/Scrypt et une boutique pour acheter des mineurs clefs en main et participer au réseau Bitcoin. - d'une manière plus générale, un espace pour la communauté Bitcoin : installez vous pour discuter, échanger, coder ! Tables de coworking et WIFI à votre disposition.
When something as new and as different as Bitcoin emerges, it is tempting to want to “put the Genie back into the bottle” and protect ourselves from it. But thankfully the US did not do that with the Internet. The impact of the commercial Internet on the US economy and our society as a whole has been massive and overwhelmingly positive over the past twenty years. We should approach Bitcoin in exactly the same way and if we do, I expect the benefits we will see will be equally important, impactful, and beneficial to our economy and our society.
But the bigger aim here is to create a universal way of moving all money—not just stellars—and this effort faces other hurdles. The project must also convince organizations to setup the digital currency “gateways” that will drive the Stellar network. Gateways are Stellar’s analogue to banks, except no one needs a license to run one.…
Dans le futur proche imaginé par l'économiste Tyler Cowen, les technologies permettront aux usagers de noter des services, mais l'inverse sera possible... Autant le dire tout de suite: tout le monde ne sera pas premier de la classe.
Our use of money is infused with profound cultural and political meaning, and the interplay of rival currencies can offer insights into cultural tensions.
"In contrast to the top-down euro, Bitcoin is a grassroots currency with no agreed goals other than in its own adoption. But Bitcoin does bring with it elements of cultural identity. That identity is not necessarily as a “Bitcoiner”, though the term exists, but rather as a networked digital native who sees the Internet as a home and lifeworld. As the meme goes: “It’s ok, we’re from the Internet.” This is a cultural movement that embraces technology, transparency, and collaboration, and in the process replaces institutions with networks."
Marc Tirel's insight:
.So far the best post i have read on the subject !
It’s trendy to assume that the existing neoliberal economic system with its proprietary money and hierarchical corporations is the most efficient possible system, but a brief glance at history undermines this assumption. Economic paradigms change along with the technologies people use to produce and consume. Considering that the existing institutions that dominate our economy grew up before computers and ubiquitous network communication existed, it seems rational, even likely, that a new paradigm will emerge that is organized around the possibilities created by massively disruptive technologies.
If this new paradigm is substantially more productive than the one it replaces and provides “gamers” with better rewards than conventional “workers”, why would people continue to “work”? Nostalgia? I don’t think so.
Economic inequality is one of the defining issues of our time, and the convergence of cryptocurrency, gamification and a myriad of other alternative exchange practices that were omitted from this article are our silver bullet. Now people are gaining the ability to create their own money - and economy - with or without government consent. It’s up to the social justice activists to wield this force to empower marginalized communities. No one else will do it for us. The tools are maturing. When will you start using them?
ReddCoin is a type of cryptocurrency. A cryptocurrency is a digital peer-to-peer medium of exchange with no central authority or banks managing its transactions, unlike fiat money that derives its value from government regulation or law (e.g. The U.S. Dollar, Euro, etc.).
You do not need a bank or any central authority to use cryptocurrency. ReddCoin is powered by its users. With ReddCoin, you are essentially your own bank.
Simply put, ReddCoin is digital money with real monetary value.
Marc Tirel's insight:
Will it still be alive in 1 year ? 2 years ?? 5 years ?
A variety of new applications have adapted the bitcoin protocol to fulfill different purposes; the latest is Ethereum. These platforms all rely on decentralized architectures to build and maintain network applications that are operated by the community for the community. But while they enable a whole new set of possibilities, they also raise new issues -- and of a completely different kind than those found in traditional P2P architectures.