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Peer2Politics
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on peer-to-peer dynamics in politics, the economy and organizations
Curated by
jean lievens
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Google Director of Ideas and former technology advisor to former Secretary of State Hillary Clinton, Jared Cohen, says that digital “crypto-currencies” like Bitcoin are here to stay. “I think it’s very obvious to all of us that crypto-currencies are inevitable,” he told the audience at SXSW, in conversation with Chairman Eric Schmidt, to promote their co-authored book, The New Digital Age. 
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A Bitcoin spinoff known as Mazacoin has been adopted by a confederation of seven Native American tribes as their national currency. The Oglala Lakota Nation has expressed hope that it will draw the tribes out of poverty.
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A couple of weeks ago, I wrote a post with 10 things that amazed me about bitcoin (here). I just can’t stop thinking about the idea that I brought up in the final point of that post, specifically that bitcoin could enable the development of self-enforcing contracts. It is just such a huge game changer that a program could hold wealth in a way that is inaccessible to anyone, and then distribute said wealth based on defined and agreed mathematical rules
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There's a sense in which today anyone can create any coin on the basis of any meme and the value of that relates to the "entertainment" or "aspirational" aspect of that meme (i.e. The wisdom of doge). That's awesome.
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We live in a society based on exchange, in which we measure the worth of objects and services and tag them with values. This is the age old way of trading and the introduction of money simplified those transactions on a global scale.
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Inside a drab computer lab at the Johns Hopkins University, a team of researchers is trying to build something that has never existed before: a digital currency that changes hands completely in secret. Its name is Zerocoin.
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Whether you're well-versed in the ways of Bitcoin or you're a fan of the "Doge" meme and can't quite believe it inspired a form of digital currency, the Cryptocurrency Hackathon at the Madworks Coworking Space is the occasion to dig deeper.
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Cryptocurrency, sometimes referred to as digital currency or alternative currency, has been making waves in the news lately, mostly due to the rapid rise in value of Bitcoin. But there are other cryptocurrencies out there that are less well-known, including one digital currency that is backed by the generation of solar electricity.
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It seems like a scene out of a late night infomercial. A man steps out of a fancy car, or off of a big expensive yacht, and starts his sales speech. “Make thousands, tens of thousands, or hundreds of thousands of dollars all from the comfort of your own home. How?! By mining for bitcoin!” Dropping into everyone’s lexicon late last year, bitcoin boomed in 2013, going from $13 to $900 on a roller coaster of a ride. Other cryptocurrencies called alt coins, like litecoin and peercoin, gained exposure through bitcoin’s fame. Mining these coins can provide a significant income to anyone willing to spend the time and money. Here are five steps to take to start a cryptocurrency mining career.
Onecoin's curator insight,
January 15, 2015 12:23 AM
Welcome to my first newsletter of 2015, and what a way to start the New Year with 35000 members and counting!!
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You probably won't be surprised one bit to learn there's a new Bitcoin competitor out there. A group of cryptographers just announced the creation of Zerocoin, an ultra-anonymous cryptocurrency that's otherwise a lot like the dozens of other newly launched cryptocurrencies.
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Last November several people spoke at a Senate hearing to defend bitcoin. I alreadygot a little cranky about them, but looking back over their testimony, there’s another small thing that they all believe that is unsupported by real-world experience: Bitcoin will help people who don’t currently use a bank.
haziq's curator insight,
January 20, 2014 6:01 AM
The use of 'present-technology' can help some of those in need to lead a better and safe life. For example, credit cards are being used, for this instance. Credit cards help them to keep their hard-earned money, even though they are notthat much, safey, rather than have those money lying around where they can get lost easily.
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Bitcoin was never intended to be the one cryptocurrency to rule them all, because anyone can make their own version of it. The code which underpins the currency is released under what's known as an open-source licence. Anyone can use it themselves, and alter any aspect they want, in order to create a whole new currency.
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There is a whole new world beyond skies and Bitcoins. Like an expanding universe, the number of cryptocurrencies are also growing exponentially. For instance, there were once only a handful of virtual currencies in existence. But currently, there are over 100 twisted versions of Bitcoin in circulation, and only a few among them have been able to amplify their market presence among investors.
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In a recent blog post on CoinDesk, Brett Scott introduced the idea that cryptocurrencies could have a major impact on the rise of a gift based economy. At the fore of this gifting culture is the unlikely aspirational hero that is Dogecoin, the meme based Shiba Inus dog touting cryptocurrency. The Shibe community on Reddit recently raised $33,000 to send the Jamaican bobsled team to the Sochi Olympics. This tremendous feat is a testament to the power of people coming together to give whatever small amount they can to make a difference. And it’s just one example of shibes showing their support for the underdog.
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This article aims to list relevant cryptocurrencies, even those too minor to have their own wiki entry. See also Category:Alternative cryptocurrencies
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“Current projects in Iceland, Scotland and Poland each plan to issue a cryptocurrency equally to every citizen, which sounds like sharing, at least at the start of the currencies’ lives, and it could be good for the economy (if only the economy measured real activity, and not only movement of legal tender) by providing an extra source of liquidity, and a fall back mechanism, in the unlikely event of a total banking collapse.
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I had given various talks in the past years on Bitcoin and its future. Most of them were scientific in nature as the target audience were financial engineers / banks. For the benefit of a wider audience here is a short (non-scientific) summary of the opportunities and challenges that digital currencies provide.
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Auroracoin is a cryptocurrency for Iceland. It is based on litecoin and is 50% premined. The premined coins will be distributed to the entire population of Iceland, commencing on midnight 25th of March 2014.
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Tweet TweetAuthored by Oliver Wasser from www.altcoinspeculation.com Many people look at the price of Bitcoin (currently around $850 a coin), and instantly shy away from getting involved in crypto currencies.
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”That which is for me through the medium of money – that for which I can pay (i.e., which money can buy) – that am I myself, the possessor of the money. The extent of the power of money is the extent of my power. Money’s properties are my – the possessor’s – properties and essential powers. (…). I am ugly, but I can buy for myself the most beautiful of the women. Therefore, I’m not ugly, for the effect of ugliness – its deterrent power – is nullified by money”[2]
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Jackson Palmer, co-founder of Dogecoin, a cryptocurrency that uses the Shiba Inu dog character from the 'Doge' Internet meme as its mascot.
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We are moving into an era where the currency we use be a conscious, active, even activist decision, a value statement based on who we are and what we need, argues Carl Miller, Research Director at the Centre for the Analysis of Social Media at think tankDemos. Follow him on Twitter at @carljackmiller
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The ideas presented in this paper developed in response to help resolve some of the problems which will result from technological unemployment. We believe that as machines become more intelligent and work currently done by human beings become automated there will be a sharp increase in the unemployment rate as humans are laid off to be replaced by intelligent machines. We believe that intelligent machines can be leveraged to provide a basic dividend to a decentralized pseudo-anonymous group of owners as a means of providing an axillary safety-net which cannot be shut down by any government or corporation.
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FOR ALL the talk of a Bitcoin bubble, it’s easy to miss the real significance of what is currently happening.
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