From 6623fc43d2b69c8de9a1235075fd8be8fcbb32c1 Mon Sep 17 00:00:00 2001 From: sdiehl Date: Thu, 10 Mar 2022 16:56:39 +0000 Subject: [PATCH] Expand wiki. --- concepts/assets.md | 15 +++++++++++++++ concepts/blockchain.md | 3 ++- concepts/cartel.md | 4 ++-- concepts/cbdc.md | 3 ++- concepts/market.md | 4 +++- concepts/private-money.md | 2 +- concepts/productive-asset.md | 0 concepts/web3.md | 2 +- 8 files changed, 26 insertions(+), 7 deletions(-) create mode 100644 concepts/assets.md create mode 100644 concepts/productive-asset.md diff --git a/concepts/assets.md b/concepts/assets.md new file mode 100644 index 0000000..84fdbaf --- /dev/null +++ b/concepts/assets.md @@ -0,0 +1,15 @@ +# Asset Comparison Table + +Comparison of different asset classes. + + +| | Monetary | Deflationary | Use Value | Fundamental Value | Income | Productive | Security | Speculative | +| --------- | ----- | ------------ | --------- | ----------------- | ------ | ---------- | -------- | ----------- | +| Currency | ✔️ | ❌ | ✔️ | ❌ | ❌ | ❌ | ❌ | ❌ +| Stock | ❌ | ❌ | ❌ | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ +| Bond | ❌ | ❌ | ❌ | ✔️ | ✔️ | ❌ | ✔️ | ❌ +| Bitcoin | ❌ | ✔️ | ❌ | ❌ | ❌ | ❌ | ✔️ | ✔️ +| Commodity | ❌ | * | ✔️ | ❌ | ❌ | ❌ | ✔️ | ❌ +| NFT | ❌ | ❌ | ❌ | ❌ | ❌ | ❌ | ❌ | ✔️ + +* (*) depends on the particular commodity \ No newline at end of file diff --git a/concepts/blockchain.md b/concepts/blockchain.md index 80e401c..476e61b 100644 --- a/concepts/blockchain.md +++ b/concepts/blockchain.md @@ -1,3 +1,4 @@ # Blockchain -A data structure that maintains a list of transactions that are authenticated using public key cryptography and linked using a hash function. +A data structure that maintains a list of transactions that are authenticated using public key cryptography and linked using a hash function. A blockchain is a partial ordering of transaction event into windows of discrete time by which the transactions are problematically committed to a shared history which is synchronized via a [consensus-algorithm](consensus-algorithm.md). +A blockchain is the technical underpinnings for [crypto assets](cryptoasset.md) such as [bitcoin](bitcoin.md) and [ethereum](ethereum.md). \ No newline at end of file diff --git a/concepts/cartel.md b/concepts/cartel.md index b64cf9c..e4e878e 100644 --- a/concepts/cartel.md +++ b/concepts/cartel.md @@ -1,5 +1,5 @@ # Cartel -An economic cartel use a non-public agreement to restrict the supply or fix the price of an asset. A cartel is a formal type of [market-manipulation](market-manipulation.md). Cartels are considered to be against the public interest. +An economic cartel use a non-public agreement to restrict the supply or fix the price of an asset. A cartel is a formal type of [market-manipulation](market-manipulation.md). Cartels are considered to be against the public interest because of the potential [asymmetric-information](asymmetric-information.md) to reduce trust in [markets](market.md). -Crypto exchanges operators act as economic cartel which can distort price formation. See [stablecoin](stablecoin.md). \ No newline at end of file +Crypto exchanges operators act as economic cartel which can distort [price-formation](price-formation.md). See [stablecoin](stablecoin.md). \ No newline at end of file diff --git a/concepts/cbdc.md b/concepts/cbdc.md index d0e003c..faf3e1a 100644 --- a/concepts/cbdc.md +++ b/concepts/cbdc.md @@ -1,9 +1,10 @@ # Central Bank Digital Currency -A digital [currency](currency.md) issued by a [central-banks](central-banks.md). +A digital [currency](currency.md) issued by a [central-banks](central-banks.md) often shorted as CBDC. The implementation and wise-scale use of CBDCs is a hypothetical technology. Many experimental implementations do not use a [blockchain](blockchain.md) and are based on centralized database technologies and do not require a [consensus-algorithm](consensus-algorithm.md). This makes CBDCs technical underpinnings significantly distinct from [crypto asset](cryptoasset.md) which are allegedly [decentralized](decentralization.md). ## Examples * Chinese Digital Yuan +* Bahama Sand Dollar ## References diff --git a/concepts/market.md b/concepts/market.md index 224227d..e86151a 100644 --- a/concepts/market.md +++ b/concepts/market.md @@ -1,2 +1,4 @@ # Market -A market is defined as the sum total of all the buyers and sellers with regards to the buying and selling of assets. The purpose of a market is to do price discovery to determine [market-value](market-value.md) of goods and services. \ No newline at end of file +A market is defined as the sum total of all the buyers and sellers with regards to the buying and selling of assets. The purpose of a market is to do [price discovery](price-formation.md) to determine [market-value](market value.md) of goods and services. + +The business of creating markets is known as [market making](market-maker.md). The business of [gambling](gambling.md) is not market making as no goods or services are exchanged. \ No newline at end of file diff --git a/concepts/private-money.md b/concepts/private-money.md index 03103da..ac29a39 100644 --- a/concepts/private-money.md +++ b/concepts/private-money.md @@ -1,6 +1,6 @@ # Private Money -A [currency](concepts/currency.md) issued by a private party instead of a nation state. +A [currency](concepts/currency.md) issued by a private party instead of a nation state or [central-banks](central-banks.md). ## American Wildcat Banks diff --git a/concepts/productive-asset.md b/concepts/productive-asset.md new file mode 100644 index 0000000..e69de29 diff --git a/concepts/web3.md b/concepts/web3.md index c68c5fb..9cef510 100644 --- a/concepts/web3.md +++ b/concepts/web3.md @@ -1,5 +1,5 @@ # Web3 -An umbrella marketing term for a variety of endeveaours to integrate [cryptoasset](cryptoasset.md), [nft](nft.md), [dao](dao.md), [defi](defi.md) and [smart-contracts](smart-contracts.md) into existing internet infrastructure. +An umbrella marketing term for a variety of endeveaours to integrate [crypto asset](cryptoasset.md), [nft](nft.md), [dao](dao.md), [defi](defi.md) and [smart-contracts](smart-contracts.md) into existing internet infrastructure. ## Citations