diff --git a/concepts/artificial-scarcity.md b/concepts/artificial-scarcity.md
index 033f4e3..80aab62 100644
--- a/concepts/artificial-scarcity.md
+++ b/concepts/artificial-scarcity.md
@@ -2,7 +2,7 @@
The abstract notion of creating an asset which has no physicality or underlying and whose demand curve is not generated by [use-value](concepts/use-value.md) or [income-cashflows](concepts/income-cashflows.md).
-Financial instruments like bonds, stocks and derivatives are not artificially scarce.
+Financial instruments like bonds, stocks and derivatives are not artificially scarce because of their underlying cashflows. Commodities are not artificially scarce because of their physicality and intrinsic value.
-Products like [cryptoasset](cryptoasset.md) and [nft](concepts/nft.md) are artificially scarce.
+Products like [crypto asset](cryptoasset.md) and [nft](concepts/nft.md) are artificially scarce.
diff --git a/concepts/assets.md b/concepts/assets.md
index f6f0918..d842250 100644
--- a/concepts/assets.md
+++ b/concepts/assets.md
@@ -4,12 +4,12 @@ Comparison of different asset classes.
| | Monetary | Deflationary | Use Value | Fundamental Value | Income | Productive | Security | Speculative |
-| --------- | ----- | ------------ | --------- | ----------------- | ------ | ---------- | -------- | ----------- |
-| Currency | ✔️ | ❌ | ❌ | ❌ | ❌ | ❌ | ❌ | ❌
-| Stock | ❌ | ❌ | ❌ | ✔️ | ✔️ | ✔️ | ✔️ | ✔️
-| Bond | ❌ | ❌ | ❌ | ✔️ | ✔️ | ❌ | ✔️ | ❌
-| Bitcoin | ❌ | ✔️ | ❌ | ❌ | ❌ | ❌ | ✔️ | ✔️
-| Commodity | ❌ | * | ✔️ | ❌ | ❌ | ❌ | ✔️ | ❌
-| NFT | ❌ | ❌ | ❌ | ❌ | ❌ | ❌ | ❌ | ✔️
+| --------- | ----- | --------------- | --------- | ----------------- | ------ | ---------- | -------- | ----------- |
+| Currency | ✔️ | ❌ | ❌ | ❌ | ❌ | ❌ | ❌ | ❌
+| Stock | ❌ | ❌ | ❌ | ✔️ | ✔️ | ✔️ | ✔️ | ✔️
+| Bond | ❌ | ❌ | ❌ | ✔️ | ✔️ | ❌ | ✔️ | ❌
+| Bitcoin | ❌ | ✔️ | ❌ | ❌ | ❌ | ❌ | ✔️ | ✔️
+| Commodity | ❌ | * | ✔️ | ❌ | ❌ | ❌ | ✔️ | ❌
+| NFT | ❌ | ❌ | ❌ | ❌ | ❌ | ❌ | ❌ | ✔️
* (*) depends on the particular commodity
\ No newline at end of file
diff --git a/concepts/gold-standard.md b/concepts/gold-standard.md
index c00036d..c190c08 100644
--- a/concepts/gold-standard.md
+++ b/concepts/gold-standard.md
@@ -1,6 +1,6 @@
# Gold Standard
-A monetary standard for a [currency](currency.md) based on precious metal [commodities](commodity.md), espoused as [sound-money](sound-money.md) in [austrian-economics](austrian-economics.md).
+A monetary standard for a [currency](currency.md) based on precious metal [commodities](commodity.md), espoused as [sound-money](sound-money.md) in [austrian-economics](ideologies/austrian-economics.md).
## Criticisms
@@ -12,10 +12,9 @@ Very few mainstream economists believe the gold standard to be a good way to run
* Short-term price volatility.
* Deflationary currencies encourage hording and punish debtors.
* Gold mining and production is not predictable on long time scales.
-* Shocks in one economic region transfer to other regions. (Great Depression & World War II)ss
+* Shocks in one economic region transfer to other regions. (Great Depression & World War II)
## Essays
1. [@bernanke_essays_2004]
-2. [@krishna_when_2017]
-3.
\ No newline at end of file
+2. [@krishna_when_2017]
\ No newline at end of file
diff --git a/ideologies/austrian-economics.md b/concepts/ideologies/austrian-economics.md
similarity index 72%
rename from ideologies/austrian-economics.md
rename to concepts/ideologies/austrian-economics.md
index 306e5ba..8fdd6a1 100644
--- a/ideologies/austrian-economics.md
+++ b/concepts/ideologies/austrian-economics.md
@@ -2,9 +2,9 @@
A heterodox school of economics that attempts to reason about human behaviour from first principles and deductive reasoning instead of quantitative analysis. Popular in the early 20th century but largely rejected by the modern academy.
-This school of thought has seen a resurgence in relation to [crypto assets](../concepts/cryptoasset.md).
+This school of thought has seen a resurgence in relation to [crypto assets](../cryptoasset.md).
-Often resonates with advocacy for the [gold-standard](../concepts/gold-standard.md) and [libertarianism](libertarianism.md).
+Often resonates with advocacy for the [gold-standard](../gold-standard.md) and [libertarianism](libertarianism.md).
## Prominent Thinkers
diff --git a/ideologies/keynsian-economics.md b/concepts/ideologies/keynsian-economics.md
similarity index 100%
rename from ideologies/keynsian-economics.md
rename to concepts/ideologies/keynsian-economics.md
diff --git a/ideologies/libertarianism.md b/concepts/ideologies/libertarianism.md
similarity index 100%
rename from ideologies/libertarianism.md
rename to concepts/ideologies/libertarianism.md
diff --git a/ideologies/market-fundamentalism.md b/concepts/ideologies/market-fundamentalism.md
similarity index 100%
rename from ideologies/market-fundamentalism.md
rename to concepts/ideologies/market-fundamentalism.md
diff --git a/ideologies/post-state-technocracy.md b/concepts/ideologies/post-state-technocracy.md
similarity index 100%
rename from ideologies/post-state-technocracy.md
rename to concepts/ideologies/post-state-technocracy.md
diff --git a/ideologies/techno-collectivism.md b/concepts/ideologies/techno-collectivism.md
similarity index 100%
rename from ideologies/techno-collectivism.md
rename to concepts/ideologies/techno-collectivism.md
diff --git a/ideologies/technolibertarianism.md b/concepts/ideologies/technolibertarianism.md
similarity index 100%
rename from ideologies/technolibertarianism.md
rename to concepts/ideologies/technolibertarianism.md
diff --git a/ideologies/technosolutionism.md b/concepts/ideologies/technosolutionism.md
similarity index 100%
rename from ideologies/technosolutionism.md
rename to concepts/ideologies/technosolutionism.md
diff --git a/concepts/stock.md b/concepts/stock.md
index 05bfb31..00cc49c 100644
--- a/concepts/stock.md
+++ b/concepts/stock.md
@@ -1,6 +1,6 @@
# Stock
-A type of [security](concepts/security.md) which grants buyers access to [income-cashflows](concepts/income-cashflows.md) in a common economic enterprise.
+A type of [security](security.md) which grants buyers access to [income-cashflows](income-cashflows.md) in a common economic enterprise.
Stocks are valued by the [market](market.md) as a combination of three factors which inform price formation:
diff --git a/guide/index.md b/guide/index.md
index 1da061c..9825188 100644
--- a/guide/index.md
+++ b/guide/index.md
@@ -1,85 +1,93 @@
-# Guide to Web3 and Crypto
+# Introduction
-Web3 and Crypto have become a huge phenomenon but can be hard to make sense of.
+## What This Is
-This guide provides an introduction to the topic starting with the basics. It focuses more on economic and social aspects than the technical details.
+This initiative is an exploration of the ideations of crypto and "web3" and its constituent technologies, aspirations and economics. The concept of [web3](/concepts/web3.md) is a fuzzy term often accused of being a buzzword that can be hard to make sense of, this initiative aims to address the misunderstands and shed a light on basic macroeconomics and technology for those tasked with doing sense-making for the public. Our [methodology](method.md) aims to create a balanced and moderate perspective that incorporates ideas from conventional macroeconomics, political economy and computer science.
-## Introduction
+This page serves as a root from which all other topics branch and can be explored.
-### Big, controversial and making sense is hard
+## Key Concepts
-**Web3 & crypto has become a massive phenomenon** with very big claims made about its actual and potential impact. Claims that go far beyond traditional technology boosterism (better, faster) to claims for radical transformation (and improvement) of our economic and social systems – for example, web3 is revolutionary for X where X is everything from money and the economy to governance to funding public goods like (open) software, carbon removal etc.
+Understand the terminology used to describe crypto and web3.
-**Controversial and polarizing**: At the same time, there is an exceptional level of disagreement about these claims, even on basic points or definitions. The topic is highly controversial and even polarizing, with strong pro and anti camps. For example, within tech it is one of the most controversial topics we have ever seen and, significantly, disagreement cuts across classic ideological lines -- there are pro/anti libertarians as well as pro/anti socialists.
+* [web3](/concepts/web3.md)
+* [cryptoasset](/concepts/cryptoasset.md)
+* [bitcoin](/concepts/bitcoin.md)
+* [ethereum](/concepts/ethereum.md)
+* [blockchain](/concepts/blockchain.md)
+* [currency](/concepts/currency.md)
+* [assets](/concepts/assets.md)
+* [speculative asset](/concepts/speculation.md)
+* [crypto-exchange](/concepts/crypto-exchange.md)
+* [bubble](/concepts/bubble.md)
+* [dao](/concepts/dao.md)
-**Evaluation and sensemaking are hard**: Finally, and relatedly, this topic exists at the confluence of several major areas of thought: computer science, economics, political economy, law. These topics are a) complex b) largely synthetic not analytic. As a result, few people have enough time and/or expertise to really delve into them sufficiently, especially those who would normally play a major role in our collective sensemaking such as journalists. In short, this is a topic that is difficult to grok/analyse and do collective sensemaking for.
+### Claims
-### The Problem: the stakes are high, making sense matters and we're struggling
+1. [Is bitcoin a currency?](/claims/is-bitcoin-currency.md)
+2. [What type of asset is a crypto token?](/claims/what-type-of-asset.md)
+3. [How do we value a crypto token?](/claims/valuation-model.md)
+4. Are crypto assets a systemic risk to the economy?
+5. Are cryptoassets are being used to build a new internet?
+6. Are crypto tokens a negative-sum investment?
+7. Are crypto tokens a predatory investment?
+8. Is bitcoin the basis for a new gold standard?
+9. Is bitcoin mining harmful to the environment?
+10. Are crypto assets a risk to the state?
+11. Are crypto assets legal?
+12. Is crypto a solution for the unbanked?
+13. What is the narrative economics of crypto assets?
-**The stakes are high and sensemaking matters**: The stakes are high: claims for the impact of web3 are very large – on both positive and negative sides. Making sense of this topic is therefore important: if we can't make sense of it how can we choose what to do? Moreover, as a topic with societal and global implications it requires societal and global action (e.g. regulation). This means we want not only individual sensemaking but *collective* sensemaking and agreement.
+## Contextual
-**We are struggling to make sense, especially together**: However, this is an area where sensemaking is struggling, even on basic issues. Moreover, it is hard in general here because the phenomenon touches on multiple, complex and “synthetic” areas such as politics and economics. And collective sensemaking is clearly struggling as evidenced by the level of disagreement and controversy in the area.
+Understand Web3 in terms of recent news events and interviews.
-**This risks polarization resulting in stasis and further degradation of our sensemaking capacities**: Without good sensemaking we risk polarization: bifurcation in two schools of thought that are incommensurate and culture-war-like; and consequently we risk stasis and sclerosis. This is is bad wherever you stand in the debate: it blocks either necessary support or adequate prevention. In general, polarization chills discourse further impeding our capacities to make sense of this topic, especially together.
+* [interviews](interviews)
+* [recent-events](recent-events.md)
-**A lot of energy and attention are going into this area**: There is also a lot of energy and attention being channeled into this area across the spectrum from tech to change-makers. This is energy that could be used elsewhere -- it has an opportunity cost. If web3 can’t deliver on its promise this would be a significant waste of energy. Furthermore, given some of the elevated claims, there is a risk that disappointments here would not only tarnish web3 but reduce the energy for other types of innovation or change-making. Whilst there are opportunity costs to any action, they are particularly important in the context of web3 precisely because so much energy and good-will are being channeled here.
+## Idealogies
-**This is a runaway phenomenon presenting special risks and requiring special attention**: Finally, this is a "runaway phenomenon" with exponential growth in interest, use and investment. To take just one illustrative example, blockchain based assets are the fastest growing asset class we have ever seen in human history; The crypto market cap -- the value of all the cryptocurrency tokens in circulation -- is currently sitting at $2.6 trillion, according to CoinMarketCap data. This huge velocity of expansion means web3 has the potential to significantly impact the organization of society -- for good or ill. It also renders the risks of wasted resources and energy even greater, as our "spend" is increasing so rapidly. Furthermore, runaway phenomena present special risks because things can happen before we notice and have time to react (cf. AI, climate change, nuclear weapons). The need for discourse and understanding, in other words, is not one that can wait.
+* [market-fundamentalism](../concepts/ideologies/market-fundamentalism.md)
+* [austrian-economics](../concepts/ideologies/austrian-economics.md)
+* [libertarianism](/idelogies/libertarianism.md)
+* [technosolutionism](../concepts/ideologies/technosolutionism.md)
+* [keynsian-economics](../concepts/ideologies/keynsian-economics.md)
-### We need better sensemaking. How do we get there?
+## Supporting Concepts
-The aim is that we make good choices regarding web3 and crypto individually and collectively. Be that is to support, improve or curb it. Or, more broadly, in terms of allocating our resources to it in the form of attention, energy, money.
+Explore the deeper theoretical concepts behind the technical and economic claims.
-Finally, this should happen in as constructive, intersectional and (de-polarizing) way as possible.
+**Economics**
-We think good sensemaking begins by clarifying and agreeing on the questions we want to ask -- and, a process for answering them. Here are our starting questions:
+* [artificial-scarcity](artificial-scarcity.md)
+* [asymmetric-information](asymmetric-information.md)
+* [central-banks](central-banks.md)
+* [currency](currency.md)
+* [currency-peg](currency-peg.md)
+* [free-rider-problem](free-rider-problem.md)
+* [gold-standard](gold-standard.md)
+* [market-manipulation](market-manipulation.md)
+* [moral-hazard](moral-hazard.md)
+* [public-goods-problem](public-goods-problem.md)
+* [zero-sum-game](zero-sum-game.md)
-* What are the narratives and claims made for web3, both positive and negative?
-* Based on the theory and evidence at our disposal, how should we evaluate these claims?
-* Given our evaluations, what should we do? Should we support and/or improve web3 technology, or, alternatively, restrict it? How does this differ across different uses (e.g. DAOs vs NFTs)? How should we do this?
-* More generally, what options are there both in web3 and beyond to fulfil on the aspirations voiced for it? How should we direct our attention, energy and resources to most effectively realize the positive aims whether via web3 or other means?
+**Technology**
-And here is our full structured tree of questions:
+* [blockchain](blockchain.md)
+* [cryptoasset](cryptoasset.md)
+* [defi](defi.md)
+* [decentralization](decentralization.md)
+* [ico](ico.md)
+* [nft](nft.md)
+* [ransomware](ransomware.md)
+* [smart-contracts](smart-contracts.md)
+* [stablecoin](stablecoin.md)
+* [mining](mining.md)
+* [cbdc](cbdc.md)
-
+**Regulation**
-### Our Approach
+* [security](security.md)
+* [aml](aml.md)
+* [kyc](kyc.md)
-We intend to take a distinctive approach. It has three key, layered components:
-
-* Distinguishing the key claims and the associated underlying aspirations
-* Transparently structuring those claims into hypothesis trees and evaluate them
-* A “conceptual underlay” with definitions and introductions to key terms and ideas
-
-
-
-First, we distinguish the key claims being made and the underlying aspiration behind them. For example, “blockchain allows for easier collaborative decision making” connects to an aspiration of more democratic governance. This brings clarity to the discussion: claims are atomic, well-defined and separate but connected to aspirations.
-
-Second, we transparently structure and steel-man the claims. In particular, using hypothesis trees we can break down a larger claim into sub-claims. For example, “blockchain allows for easier collaborative decision making” could break down into the claims: “a major problem for collaborative decision making is creating and tracking votes, especially at scale” and “blockchain makes it easier to create and track votes”. We combine this structured approach with the principle of generosity or steel-manning: creating the best version of any claim or thesis.
-
-Teasing apart the different aspects of an overall claim in this manner helps in two ways. First, it makes them easier to evaluate. Second, it makes transparent the reasoning behind any evaluation (including differing evaluations – for example, if I disagree with the overall claim we can now see whether it is because I disagree with subclaim one or subclaim two).
-
-Third, we provide a high quality “conceptual underlay” with definitions and introductions to key terms and ideas ranging from things like blockchain itself to public goods and the free rider problem. This conceptual underlay serves two purposes.
-
-First, it provides a basic introduction for those coming to the topic with simple, neutral summaries of the key ideas and terms. Second, it provides a base “layer” that underpins the evaluative work and the overall sensemaking effort. For example, suppose you want to evaluate the claim that DAOs can help address the climate crisis. To do that you are going to need contextual material about public goods, free rider problems – as well as information on what a DAO is! In addition, this is an area where meanings of key terms are crucial and often ill-defined, for example what exactly do we mean by “collaboration” or “freedom” (and is our meaning shared)? By providing reference material and common definitions we can ground and inform the debate and avoid “talking past each other”.
-
-Finally, this reference layer is also useful beyond claim evaluation. One of the exciting things about crypto and web3 is it engages with old, profound social and political questions such as the nature of money or the best form of government. However, in the excitement of novelty there can be a lack of awareness of existing literatures and historical precedents – which risks reinventing the wheel or, worse, repeating old mistakes. A solid conceptual background can help reduces these risks and improve the overall quality of discussion.
-
-Ultimately, our approach is guided by the _aspirations _of the web3 movement. We tease out the different strands of the web3 discourse and examine them in their own right. We also assist in fulfilling these aspirations, showing where web3 efforts need to be improved and presenting alternatives where appropriate. By structuring and presenting our enquiry in this way we can make the large volume of web3 content less overwhelming, and easier to grasp.
-
-### Get Involved
-
-This is a collective effort and we're keen to involve collaborators and contributors. We already have a range of expert partners and contributors and we'd love to have more! Here are some ways of how you can get involved:
-
-* Contribute to the library, for example by adding articles and research on web3 and background topics.
-* Write up key concepts and ideas.
-* Proof edit articles and transcribe dialogs.
-* Share the work with others
-
-We'd also love to have feedback through [our forum][]
-
-* Are there particular topics or areas you think we should cover?
-* Do you disagree with any of our assessments? Have we missed or misunderstood something?
-* Do you have feedback on how we structure or present the thinking?
-
-[our forum]: https://github.com/life-itself/web3/discussions
diff --git a/guide/interviews.md b/guide/interviews.md
index 5732f5f..13baf0a 100644
--- a/guide/interviews.md
+++ b/guide/interviews.md
@@ -1,7 +1,7 @@
# Interviews
-1. [Episode #1: Neo-Metallism](episode-1.md)
-2. [Episode #2: Market Fundamentalism](episode-2.md)
+1. [Episode #1: Neo-Metallism](../notes/episode-1.md)
+2. [Episode #2: Market Fundamentalism](../notes/episode-2.md)
3. Episode #3: Securities Regulation
4. Episode #4: Post-state Technocracy
5. Episode #5: Fintech Incrementalism
\ No newline at end of file
diff --git a/guide/introduction.md b/guide/introduction.md
deleted file mode 100644
index dc66bfc..0000000
--- a/guide/introduction.md
+++ /dev/null
@@ -1,94 +0,0 @@
-# Introduction
-
-## What This Is
-
-This initiative is an exploration of the ideations of crypto and "web3" and its constituent technologies, aspirations and economics. The concept of [web3](/concepts/web3.md) is a fuzzy term often accused of being a buzzword that can be hard to make sense of, this initiative aims to address the misunderstands and shed a light on basic macroeconomics and technology for those tasked with doing sense-making for the public.
-
-This page serves as a root from which all other topics branch and can be explored.
-
-## Key Concepts
-
-Understand the terminology used to describe crypto and web3.
-
-* [web3](/concepts/web3.md)
-* [cryptoasset](/concepts/cryptoasset.md)
-* [bitcoin](/concepts/bitcoin.md)
-* [ethereum](/concepts/ethereum.md)
-* [blockchain](/concepts/blockchain.md)
-* [currency](/concepts/currency.md)
-* [assets](/concepts/assets.md)
-* [speculative asset](/concepts/speculation.md)
-* [crypto-exchange](/concepts/crypto-exchange.md)
-* [bubble](/concepts/bubble.md)
-* [dao](/concepts/dao.md)
-
-### Claims
-
-1. [Is bitcoin a currency?](/claims/is-bitcoin-currency.md)
-2. [What type of asset is a crypto token?](/claims/what-type-of-asset.md)
-3. [How do we value a crypto token?](/claims/valuation-model.md)
-4. Are crypto assets a systemic risk to the economy?
-5. Are cryptoassets are being used to build a new internet?
-6. Are crypto tokens a negative-sum investment?
-7. Are crypto tokens a predatory investment?
-8. Is bitcoin the basis for a new gold standard?
-9. Is bitcoin mining harmful to the environment?
-10. Are crypto assets a risk to the state?
-11. Are crypto assets legal?
-12. Is crypto a solution for the unbanked?
-13. What is the narrative economics of crypto assets?
-
-## Contextual
-
-Understand Web3 in terms of recent news events and interviews.
-
-* [interviews](interviews)
-* [claims](claims.md)
-* [recent-events](recent-events.md)
-
-## Idealogies
-
-* [market-fundamentalism](/ideologies/market-fundamentalism.md)
-* [austrian-economics](/ideologies/austrian-economics.md)
-* [libertarianism](/idelogies/libertarianism.md)
-* [technosolutionism](/ideologies/technosolutionism.md)
-* [keynsian-economics](/ideologies/keynsian-economics.md)
-
-## Supporting Concepts
-
-Explore the deeper theoretical concepts behind the technical and economic claims.
-
-**Economics**
-
-* [artificial-scarcity](artificial-scarcity.md)
-* [asymmetric-information](asymmetric-information.md)
-* [central-banks](central-banks.md)
-* [currency](currency.md)
-* [currency-peg](currency-peg.md)
-* [free-rider-problem](free-rider-problem.md)
-* [gold-standard](gold-standard.md)
-* [market-manipulation](market-manipulation.md)
-* [moral-hazard](moral-hazard.md)
-* [public-goods-problem](public-goods-problem.md)
-* [zero-sum-game](zero-sum-game.md)
-
-**Technology**
-
-* [blockchain](blockchain.md)
-* [cryptoasset](cryptoasset.md)
-* [defi](defi.md)
-* [decentralization](decentralization.md)
-* [ico](ico.md)
-* [nft](nft.md)
-* [ransomware](ransomware.md)
-* [smart-contracts](smart-contracts.md)
-* [stablecoin](stablecoin.md)
-* [mining](mining.md)
-* [cbdc](cbdc.md)
-
-**Regulation**
-
-* [security](security.md)
-* [aml](aml.md)
-* [kyc](kyc.md)
-
diff --git a/guide/method.md b/guide/method.md
new file mode 100644
index 0000000..1da061c
--- /dev/null
+++ b/guide/method.md
@@ -0,0 +1,85 @@
+# Guide to Web3 and Crypto
+
+Web3 and Crypto have become a huge phenomenon but can be hard to make sense of.
+
+This guide provides an introduction to the topic starting with the basics. It focuses more on economic and social aspects than the technical details.
+
+## Introduction
+
+### Big, controversial and making sense is hard
+
+**Web3 & crypto has become a massive phenomenon** with very big claims made about its actual and potential impact. Claims that go far beyond traditional technology boosterism (better, faster) to claims for radical transformation (and improvement) of our economic and social systems – for example, web3 is revolutionary for X where X is everything from money and the economy to governance to funding public goods like (open) software, carbon removal etc.
+
+**Controversial and polarizing**: At the same time, there is an exceptional level of disagreement about these claims, even on basic points or definitions. The topic is highly controversial and even polarizing, with strong pro and anti camps. For example, within tech it is one of the most controversial topics we have ever seen and, significantly, disagreement cuts across classic ideological lines -- there are pro/anti libertarians as well as pro/anti socialists.
+
+**Evaluation and sensemaking are hard**: Finally, and relatedly, this topic exists at the confluence of several major areas of thought: computer science, economics, political economy, law. These topics are a) complex b) largely synthetic not analytic. As a result, few people have enough time and/or expertise to really delve into them sufficiently, especially those who would normally play a major role in our collective sensemaking such as journalists. In short, this is a topic that is difficult to grok/analyse and do collective sensemaking for.
+
+### The Problem: the stakes are high, making sense matters and we're struggling
+
+**The stakes are high and sensemaking matters**: The stakes are high: claims for the impact of web3 are very large – on both positive and negative sides. Making sense of this topic is therefore important: if we can't make sense of it how can we choose what to do? Moreover, as a topic with societal and global implications it requires societal and global action (e.g. regulation). This means we want not only individual sensemaking but *collective* sensemaking and agreement.
+
+**We are struggling to make sense, especially together**: However, this is an area where sensemaking is struggling, even on basic issues. Moreover, it is hard in general here because the phenomenon touches on multiple, complex and “synthetic” areas such as politics and economics. And collective sensemaking is clearly struggling as evidenced by the level of disagreement and controversy in the area.
+
+**This risks polarization resulting in stasis and further degradation of our sensemaking capacities**: Without good sensemaking we risk polarization: bifurcation in two schools of thought that are incommensurate and culture-war-like; and consequently we risk stasis and sclerosis. This is is bad wherever you stand in the debate: it blocks either necessary support or adequate prevention. In general, polarization chills discourse further impeding our capacities to make sense of this topic, especially together.
+
+**A lot of energy and attention are going into this area**: There is also a lot of energy and attention being channeled into this area across the spectrum from tech to change-makers. This is energy that could be used elsewhere -- it has an opportunity cost. If web3 can’t deliver on its promise this would be a significant waste of energy. Furthermore, given some of the elevated claims, there is a risk that disappointments here would not only tarnish web3 but reduce the energy for other types of innovation or change-making. Whilst there are opportunity costs to any action, they are particularly important in the context of web3 precisely because so much energy and good-will are being channeled here.
+
+**This is a runaway phenomenon presenting special risks and requiring special attention**: Finally, this is a "runaway phenomenon" with exponential growth in interest, use and investment. To take just one illustrative example, blockchain based assets are the fastest growing asset class we have ever seen in human history; The crypto market cap -- the value of all the cryptocurrency tokens in circulation -- is currently sitting at $2.6 trillion, according to CoinMarketCap data. This huge velocity of expansion means web3 has the potential to significantly impact the organization of society -- for good or ill. It also renders the risks of wasted resources and energy even greater, as our "spend" is increasing so rapidly. Furthermore, runaway phenomena present special risks because things can happen before we notice and have time to react (cf. AI, climate change, nuclear weapons). The need for discourse and understanding, in other words, is not one that can wait.
+
+### We need better sensemaking. How do we get there?
+
+The aim is that we make good choices regarding web3 and crypto individually and collectively. Be that is to support, improve or curb it. Or, more broadly, in terms of allocating our resources to it in the form of attention, energy, money.
+
+Finally, this should happen in as constructive, intersectional and (de-polarizing) way as possible.
+
+We think good sensemaking begins by clarifying and agreeing on the questions we want to ask -- and, a process for answering them. Here are our starting questions:
+
+* What are the narratives and claims made for web3, both positive and negative?
+* Based on the theory and evidence at our disposal, how should we evaluate these claims?
+* Given our evaluations, what should we do? Should we support and/or improve web3 technology, or, alternatively, restrict it? How does this differ across different uses (e.g. DAOs vs NFTs)? How should we do this?
+* More generally, what options are there both in web3 and beyond to fulfil on the aspirations voiced for it? How should we direct our attention, energy and resources to most effectively realize the positive aims whether via web3 or other means?
+
+And here is our full structured tree of questions:
+
+
+
+### Our Approach
+
+We intend to take a distinctive approach. It has three key, layered components:
+
+* Distinguishing the key claims and the associated underlying aspirations
+* Transparently structuring those claims into hypothesis trees and evaluate them
+* A “conceptual underlay” with definitions and introductions to key terms and ideas
+
+
+
+First, we distinguish the key claims being made and the underlying aspiration behind them. For example, “blockchain allows for easier collaborative decision making” connects to an aspiration of more democratic governance. This brings clarity to the discussion: claims are atomic, well-defined and separate but connected to aspirations.
+
+Second, we transparently structure and steel-man the claims. In particular, using hypothesis trees we can break down a larger claim into sub-claims. For example, “blockchain allows for easier collaborative decision making” could break down into the claims: “a major problem for collaborative decision making is creating and tracking votes, especially at scale” and “blockchain makes it easier to create and track votes”. We combine this structured approach with the principle of generosity or steel-manning: creating the best version of any claim or thesis.
+
+Teasing apart the different aspects of an overall claim in this manner helps in two ways. First, it makes them easier to evaluate. Second, it makes transparent the reasoning behind any evaluation (including differing evaluations – for example, if I disagree with the overall claim we can now see whether it is because I disagree with subclaim one or subclaim two).
+
+Third, we provide a high quality “conceptual underlay” with definitions and introductions to key terms and ideas ranging from things like blockchain itself to public goods and the free rider problem. This conceptual underlay serves two purposes.
+
+First, it provides a basic introduction for those coming to the topic with simple, neutral summaries of the key ideas and terms. Second, it provides a base “layer” that underpins the evaluative work and the overall sensemaking effort. For example, suppose you want to evaluate the claim that DAOs can help address the climate crisis. To do that you are going to need contextual material about public goods, free rider problems – as well as information on what a DAO is! In addition, this is an area where meanings of key terms are crucial and often ill-defined, for example what exactly do we mean by “collaboration” or “freedom” (and is our meaning shared)? By providing reference material and common definitions we can ground and inform the debate and avoid “talking past each other”.
+
+Finally, this reference layer is also useful beyond claim evaluation. One of the exciting things about crypto and web3 is it engages with old, profound social and political questions such as the nature of money or the best form of government. However, in the excitement of novelty there can be a lack of awareness of existing literatures and historical precedents – which risks reinventing the wheel or, worse, repeating old mistakes. A solid conceptual background can help reduces these risks and improve the overall quality of discussion.
+
+Ultimately, our approach is guided by the _aspirations _of the web3 movement. We tease out the different strands of the web3 discourse and examine them in their own right. We also assist in fulfilling these aspirations, showing where web3 efforts need to be improved and presenting alternatives where appropriate. By structuring and presenting our enquiry in this way we can make the large volume of web3 content less overwhelming, and easier to grasp.
+
+### Get Involved
+
+This is a collective effort and we're keen to involve collaborators and contributors. We already have a range of expert partners and contributors and we'd love to have more! Here are some ways of how you can get involved:
+
+* Contribute to the library, for example by adding articles and research on web3 and background topics.
+* Write up key concepts and ideas.
+* Proof edit articles and transcribe dialogs.
+* Share the work with others
+
+We'd also love to have feedback through [our forum][]
+
+* Are there particular topics or areas you think we should cover?
+* Do you disagree with any of our assessments? Have we missed or misunderstood something?
+* Do you have feedback on how we structure or present the thinking?
+
+[our forum]: https://github.com/life-itself/web3/discussions
diff --git a/guide/episode-1.md b/notes/episode-1.md
similarity index 93%
rename from guide/episode-1.md
rename to notes/episode-1.md
index 3dab6ea..630be5f 100644
--- a/guide/episode-1.md
+++ b/notes/episode-1.md
@@ -12,7 +12,7 @@ In Episode 1 of the series, Rufus Pollock and Stephen Diehl discuss the neo-meta
## Concepts Covered
* [gold-standard](../concepts/gold-standard.md)
-* [austrian-economics](../ideologies/austrian-economics.md)
+* [austrian-economics](../concepts/ideologies/austrian-economics.md)
* [bitcoin](../concepts/bitcoin.md)
* [bubble](../concepts/bubble.md)
* [commodity](../concepts/commodity.md)
diff --git a/guide/episode-2.md b/notes/episode-2.md
similarity index 95%
rename from guide/episode-2.md
rename to notes/episode-2.md
index ee70f73..33cf196 100644
--- a/guide/episode-2.md
+++ b/notes/episode-2.md
@@ -7,7 +7,7 @@ In Episode 2 of the series, Rufus Pollock and Stephen Diehl discuss the market f
## Topic
-[market-fundamentalism](../ideologies/market-fundamentalism.md)
+[market-fundamentalism](../concepts/ideologies/market-fundamentalism.md)
## Concepts Covered
diff --git a/notes/episode-3.md b/notes/episode-3.md
new file mode 100644
index 0000000..15a6069
--- /dev/null
+++ b/notes/episode-3.md
@@ -0,0 +1,19 @@
+# Securities Regulation
+
+
+
+
+In Episode 3 of the series, Rufus Pollock and Stephen Diehl discuss securities regulation.
+
+## Topic
+
+[security](../concepts/security.md)
+
+## Concepts Covered
+
+## Summary
+#todo
+
+## References
+
+1.
\ No newline at end of file
diff --git a/web3.html b/web3.html
deleted file mode 100644
index 195244c..0000000
--- a/web3.html
+++ /dev/null
@@ -1,44222 +0,0 @@
-
-
-
- Zotero Report
-
-
-
-
-
-
-
-
$69 Million Non-Fungible Token Sale Mixes High Art and Cryptocurrency Worlds
There is a growing empirical literature on Bitcoin and gold
-safe haven properties with respect to financial risks and macroeconomic
-news but very scarce literature regarding geopolitical risks. This paper
- provides a fresh insight into the Bitcoin safe haven status, in
-comparison to gold. We, first, propose a geopolitical risk composite
-indicator based on various sources of geopolitical risks. A Principal
-Component Analysis is conducted to group the information on these
-indicators. Second, a dynamic Markov-switching copula model (which
-accommodates a dynamic link between the developed geopolitical risk
-index and Bitcoin and gold price dynamics within low and high risk
-regimes) is used. We show that both Bitcoin and gold respond positively
-to the composite geopolitical risk indicator when risk is high. This
-underscores that both Bitcoin and gold have the ability to act as safe
-havens for assets whose valuations plummet during times of violent
-geopolitical conflicts. But such properties seem to be conditional upon
-different categories of geopolitical risks.
“The most trustworthy coin”: How ideology builds and maintains trust in bitcoin
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Megan Knittel
-
-
-
Author
-
Shelby Pitts
-
-
-
Author
-
Rick Wash
-
-
-
Abstract
-
Bitcoin is an innovative technological network, a new,
-non-governmental currency, and a worldwide group of users. In other
-words, Bitcoin is a complex sociotechnical system with a complex set of
-risks and challenges for anyone using it. We investigated how everyday
-users of Bitcoin develop trust in Bitcoin on one of the largest online
-communities devoted to Bitcoin: the Reddit.com r/bitcoin forum. Using
-qualitative content analysis, we examined how trust in Bitcoin develops
-based on contributions to this community. On r/bitcoin, trust in Bitcoin
- is driven by a pervasive ideology we call the “True Bitcoiner”
-ideology. This ideological viewpoint in centered on the interpretation
-of Bitcoin as functionally “trustless” and risk-free. Despite widespread
- evidence of emerging individual and system-level risks with using
-Bitcoin, participants continue to maintain this ideological perspective.
- This ideology consists of three primary beliefs: viewing Bitcoin's
-technology as more trustworthy than its people; rejecting ‘corrupt'
-social hierarchies related to money; and the importance of accumulating
-or ‘HODLing' quantities of Bitcoin as a strategy to create an ideal
-future. We conclude that this “True Bitcoiner” ideology is maintained
-despite contradictory evidence in the world because it allows
-participants to more easily interpret Bitcoin and make decisions by
-reducing perceived risk and uncertainty in the system. The role of this
-ideology on r/bitcoin demonstrates an expanded conceptualization of how
-trust is created and socially-mediated in socio-technical contexts.
-
-
-
Date
-
2019
-
-
-
Extra
-
Publisher: ACM New York, NY, USA
-
-
-
Volume
-
3
-
-
-
Pages
-
1–23
-
-
-
Publication
-
Proceedings of the ACM on Human-Computer Interaction
“This place does what it was built for”: Designing digital institutions for participatory change
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Seth Frey
-
-
-
Author
-
P. M. Krafft
-
-
-
Author
-
Brian C. Keegan
-
-
-
Abstract
-
Whether we recognize it or not, the Internet is rife with
-exciting and original institutional forms that are transforming social
-organization on and offline. Governing these Internet platforms and
-other digital institutions has posed a challenge for engineers and
-managers, many of whom have little exposure to the relevant history or
-theory of institutional design. The dominant guiding practices for the
-design of digital institutions to date in human-computer interaction,
-computer-supported cooperative work, and the tech industry at large have
- been an incentive-focused behavioral engineering paradigm encompassing
-atheoretical approaches such as emulation, A/B-testing, engagement
-maximization, and piecemeal issue-driven engineering. One institutional
-analysis framework that has been useful in the study of traditional
-institutions comes from scholars of natural resource management,
-particularly that community of economists, anthropologists, and
-environmental and political scientists focused around the work of Elinor
- Ostrom, known collectively as the “Ostrom Workshop.” A key finding from
- this community that has yet to be broadly incorporated into the design
-of many digital institutions is the importance of including
-participatory change mechanisms in what is called a “constitutional
-layer” of institutional design. The institutional rules that compose a
-constitutional layer facilitate stakeholder participation in the ongoing
- process of institutional design change. We explore to what extent
-consideration of constitutional layers is met or could be better met in
-three varied cases of digital institutions: cryptocurrencies, cannabis
-informatics, and amateur Minecraft server governance. Examining such
-highly varied cases allows us to demonstrate the broad relevance of
-constitutional layers in many different types of digital institutions.
-
-
-
Date
-
2019
-
-
-
Extra
-
Publisher: ACM New York, NY, USA
-
-
-
Volume
-
3
-
-
-
Pages
-
1–31
-
-
-
Publication
-
Proceedings of the ACM on Human-Computer Interaction
7 Things To Read About Bitcoin (For Institutional Investors)
-
-
-
Type
-
Web Page
-
-
-
Author
-
Matt Huang
-
-
-
Abstract
-
After some quiet years, Bitcoin is top of mind again. We
-recently published a paper ("Bitcoin for the Open-Minded Skeptic") to
-help demystify Bitcoin for a new cohort of investors. Many
A comparative analysis of the platforms for decentralized autonomous organizations in the Ethereum blockchain
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Youssef Faqir-Rhazoui
-
-
-
Author
-
Javier Arroyo
-
-
-
Author
-
Samer Hassan
-
-
-
Abstract
-
Blockchain technology has enabled a new kind of distributed
-systems. Beyond its early applications in Finance, it has also allowed
-the emergence of novel new ways of governance and coordination. The most
- relevant of these are the so-called Decentralized Autonomous
-Organizations (DAOs). DAOs typically implement decision-making systems
-to make it possible for their online community to reach agreements. As a
- result of these agreements, the DAO operates automatically by executing
- the appropriate portion of code on the blockchain network (e.g., hire
-people, delivers payments, invests in financial products, etc). In the
-last few years, several platforms such as Aragon, DAOstack and DAOhaus,
-have emerged to facilitate the creation of DAOs. As a result, hundreds
-of these new organizations have appeared, with their communities
-interacting mediated by blockchain. However, the literature has yet to
-appropriately explore empirically this phenomena. In this paper, we aim
-to shed light on the current state of the DAO ecosystem. We review the
-three main platforms nowadays (Aragon, DAOstack, DAOhaus) which
-facilitate the creation and management of DAOs. Thus, we introduce their
- main differences, and compare them using quantitative metrics. For such
- comparison, we retrieve data from both the main Ethereum network
-(mainnet) and a parallel Ethereum network (xDai). We analyze data from
-72,320 users and 2,353 DAO communities in order to study the three
-ecosystems across four dimensions: growth, activity, voting system and
-funds. Our results show that there are notable differences among the DAO
- platforms in terms of growth and activity, and also in terms of voting
-results. Still, we consider that our work is only a first step and that
-further research is needed to better understand these communities, and
-evaluate their level of accomplishment in reaching decentralized
-governance.
-
-
-
Date
-
2021
-
-
-
Extra
-
ISBN: 1317402100139
-Publisher: Journal of Internet Services and Applications
A comprehensive review of energy blockchain: Application scenarios and development trends
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Fei Teng
-
-
-
Author
-
Qi Zhang
-
-
-
Author
-
Ge Wang
-
-
-
Author
-
Jiangfeng Liu
-
-
-
Author
-
Hailong Li
-
-
-
Abstract
-
Summary The disruptive nature of blockchain technology has
-drawn considerable interest from different types of stakeholders. It is
-adopted in numerous sectors with the ability to openly and securely
-verify, track, and exchange data. The energy blockchain, a term used
-when blockchain technology is applied in the energy sector, is
-considered as having the potential to develop a decentralized,
-digitized, and decarbonized energy management system. The article
-presents an overview of the development progress from three
-perspectives, including academic research, the deployment of companies
-and pilot projects, and government support policies. Then a different
-taxonomy is developed to demonstrate and highlighted the different
-applications. Finally, the future trends and challenges hindering the
-effective implementation of energy blockchain are discussed. The results
- show that energy blockchain is an effective innovation technology to
-accelerate the transformation of global energy structure. Multinational
-cooperation and government-leading are the basis of large-scale
-deployment of energy blockchain. The improvement of regulatory
-mechanisms and standards is the key to the commercial application of
-energy blockchain. This study is a comprehensive analysis of energy
-blockchain applications, which is expected to support decision making
-for its future development.
"A conceptual framework for classifying currencies".
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Louis Larue
-
-
-
Date
-
2020
-
-
-
Extra
-
PMID: 4495394
-
-
-
Volume
-
24
-
-
-
Pages
-
45–60
-
-
-
Publication
-
International Journal of Community Currency Research
-
-
-
Issue
-
1
-
-
-
ISSN
-
00487112
-
-
-
Date Added
-
02/03/2022, 08:28:35
-
-
-
Modified
-
02/03/2022, 08:28:35
-
-
-
Tags:
-
-
PROCESSED
-
2020
-
classification
-
money
-
a conceptual framework for
-
alternative currencies
-
ALTERNATIVE_MONEY
-
classifying currencies
-
international journal of community
-
l
-
larue
-
to cite this article
-
typologies
-
-
-
-
-
-
A Declaration of the Independence of Cyberspace
-
-
-
Type
-
Journal Article
-
-
-
Author
-
John Perry Barlow
-
-
-
Date
-
2019
-
-
-
Volume
-
18
-
-
-
Pages
-
5–7
-
-
-
Publication
-
Duke Law & Technology Review
-
-
-
Issue
-
1
-
-
-
Date Added
-
21/02/2022, 13:52:11
-
-
-
Modified
-
21/02/2022, 13:52:11
-
-
-
-
-
-
-
A DeFi Bank Run: Iron Finance, IRON Stablecoin, and the Fall of TITAN
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Kanis Saengchote
-
-
-
Date
-
2021
-
-
-
Publication
-
IRON Stablecoin, and the Fall of TITAN (July 16, 2021)
-
-
-
Date Added
-
21/02/2022, 13:52:15
-
-
-
Modified
-
21/02/2022, 13:52:15
-
-
-
-
-
-
-
A fork in the road: Perspectives on sustainability and decentralised governance in digital institutions
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Matthew Lovett
-
-
-
Author
-
Lee Thomas
-
-
-
Abstract
-
A digital institution is a set of computer-based rules that
-perform intermediating roles upon which one or more person's well-being
-depends. This article argues that governance, the processes and customs
-by which rules are agreed, is critical to the sustainability of the
-digital institution and therefore of society more broadly. The objective
- of this work was to interrogate whether emerging decentralised
-architectures (blockchain) can offer new perspectives on digital
-sustainability in the form of decentralised governance. Firstly, the
-literature on decentralised modes of governance was synthesised. Then,
-existing digital institutions were reviewed, categorised and mapped onto
- a multi-domain layered conceptual framework that draws out three
-distinct modes for enactment of changes to digital institution rules;
-direct, integrated, and fork-based. We concluded that the coupling of
-decentralised governance approaches with fork-based or integrated
-enactment stands to enhance digital sustainability through increased
-perception of trustworthiness afforded through independently verifiable
-and cryptographically secure audit trails.
A history of crypto-discourse: encryption as a site of struggles to define internet freedom
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Z. Isadora Hellegren
-
-
-
Abstract
-
This paper explores a history of “crypto” as a battlefield in a
- larger discursive struggle to define the meaning of Internet freedom.
-The term crypto is short for cryptography, which refers to the practice
-of encrypting, i.e. rendering information illegible to anyone but its
-intended recipient(s). Drawing on Laclau and Mouffe's theory of
-discourse, this study investigates how public-key cryptography
-advocates, and in particular Cypherpunks and technology journalists,
-have articulated “crypto-discourse”: a partially fixed construction of
-meaning that establishes a relationship between encryption software and a
- negative conception of Internet freedom, in relation to the state. I
-map events pertaining to the articulation of the empty signifier
-“crypto” among interrelated discourse communities of cryptographers,
-hackers, online rights activists, and technology journalists during a
-period of forty years (1975–2015). I present the Crypto-Discourse
-Timeline as comprised of three periods: the origins (1975–1990),
-crystallisation (1990–2000), and revitalisation of crypto-discourse
-(2000–2015). The timeline provides an overview of the complexity and
-contingency of crypto-discourse as a practice that shapes public policy
-over time. Crypto-discourse excludes other possible, positive meanings
-of Internet freedom, removing responsibility from democratic states to
-uphold privacy rights and freedom of speech online.
A massive analysis of ethereum smart contracts empirical study and code metrics
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Andrea Pinna
-
-
-
Author
-
Simona Ibba
-
-
-
Author
-
Gavina Baralla
-
-
-
Author
-
Roberto Tonelli
-
-
-
Author
-
Michele Marchesi
-
-
-
Date
-
2019
-
-
-
Extra
-
Publisher: IEEE
-
-
-
Volume
-
7
-
-
-
Pages
-
78194–78213
-
-
-
Publication
-
IEEE Access
-
-
-
Date Added
-
21/02/2022, 13:52:12
-
-
-
Modified
-
21/02/2022, 13:52:12
-
-
-
-
-
-
-
A network analysis of electricity demand and the cryptocurrency markets
-
-
-
Type
-
Journal Article
-
-
-
Author
-
David I. Okorie
-
-
-
Abstract
-
This article examines the connectedness and information
-spillover in the Electricity-Crypto Network (ECN) system. The Bitcoin
-and Ethereum markets are studied due to the level of electricity demand
-for active trading and mining in the three leading crypto mining
-economies (United States, China, and Japan). Among other findings, the
-leading net transmitter of information is the return of the Bitcoin
-market while the demand for electricity in the U.S. and Japan are the
-leading net information receivers in the ECN system. In a nutshell, the
-return and trading volumes of the cryptocurrency markets are net
-information transmitters while the markets' volatility and the demand
-for electricity in the U.S., China, and Japan are net information
-receivers in the system. As a policy relevance, given the favourable
-developments in these crypto markets, greener sources of electrical
-energy are expedient to mitigate emissions while mining these coins.
-This will reduce the impact of human activities on the climate.
A new wolf in town? Pump-and-dump manipulation in cryptocurrency markets
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Anirudh Dhawan
-
-
-
Author
-
Tālis J Putniņš
-
-
-
Date
-
2020
-
-
-
Publication
-
Pump-and-dump manipulation in cryptocurrency markets (August 10, 2020)
-
-
-
Date Added
-
21/02/2022, 13:52:12
-
-
-
Modified
-
21/02/2022, 13:52:12
-
-
-
-
-
-
-
A New Wolf in Town? Pump-and-Dump Manipulation in Cryptocurrency Markets
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Anirudh Dhawan
-
-
-
Author
-
Talis J. Putnins
-
-
-
Abstract
-
We show that cryptocurrency markets are plagued by
-pump-and-dump manipulation, with at least 355 cases in seven months.
-Unlike stock market manipulators, cryptocurrency manipulators openly
-declare their intentions to pump specific coins, rather than trying to
-deceive investors. Puzzlingly, people join in despite negative expected
-returns. In a simple framework, we demonstrate how overconfidence and
-gambling preferences can explain participation in these schemes and find
- strong empirical support for both mechanisms. Pumps generate extreme
-price distortions of 65% on average, abnormal trading volumes in the
-millions of dollars, and large wealth transfers between participants.
-These manipulation schemes are likely to persist as long as regulators
-and exchanges turn a blind eye.
Unlike stock market manipulators, cryptocurrency manipulators openly declare their intentions to pump specific coins, rather than trying to deceive investors. Puzzlingly, people join in despite negative expected returns. [..] Analyzing a sample of 355 cases in six months, we find strong empirical support for both mechanisms. Pumps generate extreme price distortions of 65% on average, abnormal trading volumes in the millions of dollars, and large wealth transfers between participants.
-
-
A total of 197 distinct cryptocurrencies or “coins” are manipulated, which means about 15% of all coins in our sample of exchanges are targeted by manipulators at least once in the seven-month period. There are two pumps per day on average. Such a high rate of manipulation is unprecedented in modern markets.
-
-
-
Attachments
-
-
Dhawan and Putnins - 2020 - A New Wolf in Town Pump-and-Dump Manipulation in .pdf
-
-
-
-
-
-
A quantitative analysis of the impact of arbitrary blockchain content on bitcoin
-
-
-
Type
-
Conference Paper
-
-
-
Author
-
Roman Matzutt
-
-
-
Author
-
Jens Hiller
-
-
-
Author
-
Martin Henze
-
-
-
Author
-
Jan Henrik Ziegeldorf
-
-
-
Author
-
Dirk Müllmann
-
-
-
Author
-
Oliver Hohlfeld
-
-
-
Author
-
Klaus Wehrle
-
-
-
Date
-
2018
-
-
-
Publisher
-
Springer
-
-
-
Pages
-
420–438
-
-
-
Proceedings Title
-
International Conference on Financial Cryptography and Data Security
"As you can guess, I'm not a fan of bitcoin. If left unchecked
-then I find it has the potential to undermine the importance of
-Government which is actually not good for competition and not good for
-the market. I hope none of the above happens and would rather see
-bitcoin disappear in a puff of history." (NB: he predicts massive
-appreciation in bitcoin and is concerned how it can undermine government
- and tax revenue.)
-
-
-
Attachments
-
-
Snapshot
-
-
-
-
-
-
A Survey of Research on Retail Central Bank Digital Currency
Blockchain has been receiving growing attention from both
-academia and practices. This paper aims to investigate the research
-status of blockchain-related studies and to analyze the development and
-evolution of this latest hot area via bibliometric analysis. We selected
- and explored 2451 papers published between 2013 and 2019 from the Web
-of Science Core Collection database. The analysis considers different
-dimensions, including annual publications and citation trends, author
-distribution, popular research themes, collaboration of countries
-(regions) and institutions, top papers, major publication journals
-(conferences), supportive funding agencies, and emerging research
-trends. The results show that the number of blockchain literature is
-still increasing, and the research priorities in blockchain-related
-research shift during the observation period from bitcoin,
-cryptocurrency, blockchain, smart contract, internet of thing, to the
-distributed ledger, and challenge and the inefficiency of blockchain.
-The findings of this research deliver a holistic picture of blockchain
-research, which illuminates the future direction of research, and
-provides implications for both academic research and enterprise
-practice.
A whole new world: Income tax considerations of the Bitcoin economy
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Benjamin W Akins
-
-
-
Author
-
Jennifer L Chapman
-
-
-
Author
-
Jason M Gordon
-
-
-
Date
-
2014
-
-
-
Extra
-
Publisher: HeinOnline
-
-
-
Volume
-
12
-
-
-
Pages
-
25
-
-
-
Publication
-
Pitt. Tax Rev.
-
-
-
Date Added
-
03/03/2022, 09:07:19
-
-
-
Modified
-
03/03/2022, 09:07:19
-
-
-
-
-
-
-
About - Messari.io
-
-
-
Type
-
Web Page
-
-
-
Abstract
-
Our founders have spent the past five years as full-time
-cryptoasset researchers and investors, and have strong track records as
-co-founders of several of the industry's top brands.
Against technocratic authoritarianism. A short intellectual history of the cypherpunk movement
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Enrico Beltramini
-
-
-
Abstract
-
This essay aims to correct the established idea that the
-cypherpunk movement was organically embracing libertarianism. By
-addressing the cypherpunk movement, the intellectual roots of many of
-the concerns about freedom and about a surveillance society that
-dominate this internet age come to light. The cypherpunks, a heterogenic
- group of entrepreneurs, engineers, and activists in the San Francisco
-Bay Area, argued in the nineties that the Internet would make more
-pervasive the phenomenon of surveillance of individuals. In the context
-of this increasing process of surveillance, individual autonomy would be
- dismissed as an obsolete fiction and social engineering would be
-elevated to totalitarianism. This article frames the cypherpunks as a
-movement in opposition to an emerging technocratic authoritarian order.
'All data is credit data': Constituting the unbanked
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Rob Aitken
-
-
-
Abstract
-
Global financial and data capitalism has constituted new forms
- of knowledge, novel inscriptions which make that knowledge tangible and
- new ways of visualizing sources of value and profit. This paper
-examines a cluster of new practices designed to make visible - and
-extract value from - those without formal credit scores in contemporary
-financial markets. Many 'financial inclusion' projects now attempt to
-score the 'credit invisible' by drawing on a range of alternative data -
- non-financial payment streams, academic records, behavioural signals
-gleaned from online or social media footprints and results generated via
- digitized psychometric testing - and by assessing that data in relation
- to models of risk assessment based on the analysis of big data. I argue
- in this paper that these experiments in alternative credit scoring
-constitute the unbanked as an important, and dubious, category of
-knowledge and intervention. I also argue that attempts to score the
-unbanked offer a revealing glimpse of many of the social and political
-limitations associated with projects of 'inclusion'. Although often
-imagined as forms of pristine incorporation, inclusion projects often
-constitute troubling new kinds of social sorting and segmentation.
-
-
-
Date
-
2017
-
-
-
Extra
-
Publisher: SAGE Publications Sage UK: London, England
All watched over by machines of loving grace: A critical look at smart contracts
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Andres Guadamuz
-
-
-
Abstract
-
Smart contracts are coded parameters written into an immutable
- distributed ledger called a blockchain. There has been increasing legal
- interest in the application of these self-executing programs to conduct
- transactions. Most of the scholarly and practical analysis so far has
-been taken the claims of this technology being akin to a contract at
-face value, with legal analysis of contract formation, performance, and
-enforcement at the forefront of the debate. This article discusses that
-while smart contracts may pose some interesting legal questions, most of
- these are irrelevant, and smart contracts should be understood almost
-strictly from a technical perspective, and that any legal response is
-entirely dependent on the technical capabilities of the smart contract.
-The article proposes that smart contracts are not contracts for all
-practical purposes.
Alternative Currencies: A Historical Survey and Taxonomy
-
-
-
Type
-
Manuscript
-
-
-
Author
-
Garrick Hileman
-
-
-
Abstract
-
Alternative currencies have appeared regularly for at least
-the last half-millennia, often arising out of similar socio-economic
-circumstances and ceasing to circulate within a relatively short time
-period. While regulatory shifts and technology shocks account for some
-of the challenges alternative currencies have faced in gaining wider
-adoption, the most common observed explanation for why alternative
-currencies decline is insufficient demand due to relatively high
-transaction costs, low institutional support, inconsistent social
-motivation, and other factors. Present-day alternative currencies, such
-as the Brixton pound, are similar to past alternative currencies, while
-bitcoin features several radical differences.
Alternative investments in the Fintech era: The risk and return of Non-Fungible Token (NFT)
-
-
-
Type
-
Journal Article
-
-
-
Author
-
De-Rong Kong
-
-
-
Author
-
Tse-Chun Lin
-
-
-
Abstract
-
We utilize one of the earliest and largest NFT collections to
-investigate the pricing and the risk-return profile of NFTs. In general,
- we find that NFTs have higher returns than traditional financial
-assets. Yet, investing in NFTs comes along with extremely high
-volatility. The average monthly returns on NFTs range from 6.10% to
-44.11%. But their standard deviations fluctuate between 44.35% and
-74.57%, leading to a Sharpe ratio comparable to the NASDAQ index. NFT
-prices surge when there is a drastic increase in demand for alternative
-investments and a search for yield, especially in a low interest rate
-environment. We also find that the pricing of NFT largely depends on a
-token's scarceness and an investor's aesthetic preference. Hence,
-conventional asset-pricing models are unlikely to explain NFT returns.
-Overall, we provide the first comprehensive analysis that NFTs serve as a
- novel investment vessel in this Fintech era. JEL Classifications: C43,
-D44, G11, G12, Z11
American Finance and American Democracy: Towards an Institutionalist 'Law and Economics'
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Tamara Lothian
-
-
-
Abstract
-
This article reconsiders the financial and economic crisis of
-2007-2009 and the present debate about the regulation of finance in the
-light of a vision of how finance can better serve the American economy
-and American democracy. The central claim is that regulation as
-conventionally understood cannot adequately redress the problems, and
-seize the opportunities, revealed by the crisis. We should approach
-financial regulation as the first step in a series of institutional
-innovations designed to put finance more effectively at the service of
-the real economy (financial deepening) while broadening economic
-opportunity in the country (financial democratization). I develop and
-defend this thesis by arguing for four subsidiary claims. A first
-subsidiary claim is that a major part of the causal background to the
-crisis was an inconclusive hollowing out of the New Deal regime for the
-governance of finance. That regime failed to be replaced by an
-alternative coherent scheme. Instead, it gave way to a ramshackle
-compromise – powerful, opaque, recalcitrant, and damaging. Such a
-situation – I argue – represents the rule rather than the exception in
-the history of law and institutions. The outcome of the hollowing out in
- the United States was a weakening of the links of finance to the real
-economy, paradoxically accompanied by the hypertrophy of the financial
-sector. A second subsidiary claim is that the New Deal critics and
-reformers of finance, such as Louis Brandeis and William Douglas, were
-right in their intuition that a strong link exists between the legal and
- institutional requirements of financial deepening and of financial
-democratization. A third subsidiary claim is that to make good on this
-intuition in today's circumstances we need a new agenda of reform with
-an explicit and ambitious institutional content. Such an agenda includes
- the transfer of sophisticated financial capabilities to the country's
-remarkable network of local banks as well as a vast expansion and
-popularization of financial services, channeling long-term saving into
-long-term productive investment. A fourth subsidiary claim is that law
-and legal thought provide the chief storehouse of the ideas and methods
-needed to conceive and to implement such innovations. Prevailing styles
-of economic theory, including those underlying the dominant practice of
-“law and economics,” remain largely bereft of institutional imagination.
- This article illustrates how a revised practice of legal and
-institutional analysis can help fill this lacuna. In so doing, this
-piece takes "law and economics" in another direction.
Today, we’re excited to announce the release of How to Win the
- Future, a policy agenda for the third generation of the internet. It
-will be a living document housed in our new web3 policy hub alongside a
-growing …
An Archeology of Cryptography: Rewriting Plaintext, Encryption, and Ciphertext
-
-
-
Type
-
Thesis
-
-
-
Author
-
Isaac Quinn DuPont
-
-
-
Abstract
-
This dissertation is an archeological study of cryptography.
-It questions the validity of thinking about cryptography in familiar,
-instrumentalist terms, and instead reveals the ways that cryptography
-can been understood as writing, media, and computation. In this
-dissertation, I offer a critique of the prevailing views of cryptography
- by tracing a number of long overlooked themes in its history, including
- the development of artificial languages, machine translation, media,
-code, notation, silence, and order. Using an archeological method, I
-detail historical conditions of possibility and the technical a priori
-of cryptography. The conditions of possibility are explored in three
-parts, where I rhetorically rewrite the conventional terms of art,
-namely, plaintext, encryption, and ciphertext. I argue that plaintext
-has historically been understood as kind of inscription or form of
-writing, and has been associated with the development of artificial
-languages, and used to analyze and investigate the natural world. I
-argue that the technical a priori of plaintext, encryption, and
-ciphertext is constitutive of the syntactic and semantic properties
-detailed in Nelson Goodman's theory of notation, as described in his
-Languages of Art. I argue that encryption (and its reverse, decryption)
-are deterministic modes of transcription, which have historically been
-thought of as the medium between plaintext and ciphertext. By developing
- a new understanding of encryption as standing between two agents, I
-characterize the process in terms of media. As media, encryption
-technologies participate in historical desires for commodious and even
-“angelic” transmission, popular until the twentieth century. I identify
-how cryptanalysis, or “code-breaking,” is distinct from cryptography,
-and instead relates to language, being associated with the history of
-machine translation. Finally, I argue that ciphertext is the
-perspectival, ordered result of encryption—similar to computation—and
-resists attempts to be spoken. Since ciphertext resists being spoken,
-its application problematizes the category of language, and has, at
-least once in antiquity, been considered a means of creating silence.
-This dissertation is the first of its kind to offer a historically-rich,
- ontological analysis of cryptography, which therefore opens the topic
-to new fields of scholarship and humanistic forms of inquiry.
An Introduction to Dfinity and the Internet Computer
-
-
-
Type
-
Web Page
-
-
-
Abstract
-
Dfinity is one of the most tenured and well-funded platforms
-in crypto. Yet it is also one of the least understood. Most of Dfinity’s
- obscurity is due to its technical complexity and grand vision. Its
-platform, the Internet Computer, is a reimagining of the IT stack where
-developers can host software free from big tech monopolies.
An overview of decentralized autonomous organizations on the blockchain
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Youssef El Faqir
-
-
-
Author
-
Javier Arroyo
-
-
-
Author
-
Samer Hassan
-
-
-
Abstract
-
Blockchain technology has emerged as a new paradigm to build
-decentralized systems which do not require a central authority. It is
-most popular for enabling Bitcoin and other crypto-currencies. However,
-blockchain applications span beyond Finance, and recently it has been
-applied to decentralized governance. Blockchain-enabled "Decentralized
-Autonomous Organizations"(DAOs) have emerged as a new form of collective
- governance, in which communities may organize themselves relying on
-decentralized infrastructure. In this article, we introduce the concept
-of DAO and review the main software platforms that offer DAO creation as
- a service, which simplifies the use of DAOs to non-blockchain experts;
-namely: Aragon, DAOstack, DAOhaus and Colony. These platforms will be
-compared by showing their key features. Finally, we will review the
-available visualisation tools for DAOs, and we will introduce our
-open-source tool to plot DAOs activity, DAO-Analyzer. We will illustrate
- its potential with the case of the DAO Genesis Alpha, which is the main
- DAO of the DAOstack project.
-
-
-
Date
-
2020-08
-
-
-
Extra
-
ISBN: 9781450387798
-Publisher: ICST
-
-
-
Publication
-
PervasiveHealth: Pervasive Computing Technologies for Healthcare
Blockchain and its related technologies break away from the
-contemporary dystopian imaginaries of control and exploitation endemic
-in IT. This editorial considers the relevance of blockchain for
-anthropologists, why they should care, and what the technology brings.
-After sketching the evolution of blockchain, we draw attention to its
-potential as a playground – a plethora of projects reimagining and
-remaking the basic stuff of political economy, including the meaning of
-money, collectivities, exchange and voting. Blockchain's utility for
-rethinking the basic rules of the game in academia also deserves
-attention.
Anti-money laundering regulation of crypto assets in Europe's smallest member state
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Christopher P. Buttigieg
-
-
-
Author
-
Christos Efthymiopoulos
-
-
-
Author
-
Abigail Attard
-
-
-
Author
-
Samantha Cuyle
-
-
-
Abstract
-
The paper critically examines the framework for the regulation
- of crypto assets in Malta, with a particular focus on anti-money
-laundering and funding of terrorism. It identifies the risks relating to
- crypto assets, and how these are addressed through Malta's Virtual
-Financial Assets Framework. To this end, the paper argues that the
-Maltese framework goes beyond the EU's fifth Anti-Money Laundering
-Directive. In this connection, the paper also argues that the Maltese
-framework could possibly be a model for a more extensive EU regime in
-this context. Finally, the paper sets forth recommendations towards
-action which may be taken at an EU level in order to address the money
-laundering and terrorism financing threats associated with crypto
-assets.
Are Crypto-Assets Green Enough? – An analysis of draft EU
-Regulation on markets in crypto assets from the perspective of the
-European Green Deal
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Emanuel Wanat
-
-
-
Abstract
-
In 2019 European Commission announced “The European Green
-Deal” a “a new growth strategy that aims to transform the EU into a fair
- and prosperous society, with a modern, resource-efficient and
-competitive economy where there are no net emissions of greenhouse gases
- in 2050 and where economic growth is decoupled from resource use”. The
-digital sector must also participate in the Green Deal effort. This
-articles analyzes questions of sustainability in the context of crypto
-assets, with particular emphasis on the question of whether Bitcon
-acutally represent a crypto asset, energy consumption, energy drain, the
- proof-of-work consensus protocol, the environmental footprint of crypto
- assets. The article concludes that Bitcoin's current effect on
-environment remains controversial at best.
This research provides insights for the separation of
-cryptocurrencies from other assets. Using dimensionality reduction
-techniques, we show that most of the variation among cryptocurrencies,
-stocks, exchange rates, commodities, bonds, and real estate indexes can
-be explained by the tail, memory and moment factors of their
-log-returns. By applying various classification methods,
-cryptocurrencies are categorized as a separate asset class, mainly due
-to the tail factor. The main result is the complete separation of
-cryptocurrencies from the other asset types, using the Maximum Variance
-Components Split method. Additionally, we show that cryptocurrencies
-tend to exhibit similar characteristics over time and become more
-distinguished from other asset classes (synchronic evolution).
Assets and assetization in financialized capitalism
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Paul Langley
-
-
-
Abstract
-
In the wake of the global financial crisis of 2007–09,
-political economists have typically identified and interrogated
-speculative logics and credit-debt relations as the markers of
-financialized capitalism. This paper argues that assets, and the
-contingent processes which turn all manner of things into assets (i.e.
-‘assetization'), can also be usefully foregrounded to understand the
-character and movement of financialized capitalism in the contemporary
-conjuncture, particularly in its Anglo-American heartlands. Centred on
-assets and assetization, research is refocused on the constitution of
-political economies of rent and investment, especially as the frontiers
-of financialized capitalism are extended to further incorporate nature
-and society. Research into financialized capitalism is also connected
-more explicitly to wider political debates over intensified
-inequalities, as the production and distribution of assets is key to
-wealth disparities and shapes fundamental stratifications across
-society.
"At the Very Beginning, There'S This Dream." the Role of Utopia in the Workings of Local and Cryptocurrencies
-
-
-
Type
-
Book Section
-
-
-
Author
-
Diane-Laure Arjaliès
-
-
-
Abstract
-
Since the 2008 financial crisis, the number of alternative
-currencies aiming at transforming global financial institutions, such as
- local and complementary currencies (LCC) and cryptocurrencies, has
-exploded. Yet the motivations and workings of such monies are relatively
- unknown. This chapter aims to fill this gap by providing a framework
-that uncovers the ideals pursued by alternative currencies, and the
-effects of those ideals on the production of money. To do so, I present a
- comparative analysis of the valuation infrastructure-the processes
-through which value(s) is produced-of one LCC, Sol Violette, and three
-cryptocurrencies, Bitcoin, Ğ1 "June" and impak Coin. Throughout, I
-elaborate on the social meaning of money and the role played by
-alternative currencies in contemporary capitalism. I show that 1)
-despite targeting the same financial institutions, the utopia pursued by
- alternative currencies varies significantly and 2) this utopia is at
-least as important as the technology (e.g. blockchain) in shaping the
-workings of these monies. Based on these findings, I outline some
-implications for the social studies of financial technologies, their
-effects on our societies and their regulation.
Attack of the 50 foot blockchain: Bitcoin, blockchain, Ethereum & smart contracts
-
-
-
Type
-
Book
-
-
-
Author
-
David Gerard
-
-
-
Date
-
2017
-
-
-
Publisher
-
David Gerard
-
-
-
Date Added
-
21/02/2022, 13:52:10
-
-
-
Modified
-
21/02/2022, 13:52:10
-
-
-
-
-
-
-
Automating Trust with the Blockchain? A Critical Investigation of “Blockchain 2.0” Cultures
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Silvia Semenzin
-
-
-
Author
-
Alessandro Gandini
-
-
-
Abstract
-
This article discusses the cultural conceptions of trust
-underpinning the experimentation of blockchain startup applications
-beyond the financial sector. Based on qualitative research undertaken in
- the context of the so-called “Blockchain 2.0” scene, we show how a
-peculiar conception of trust, which blends the libertarian views of
-blockchain inventors with the neoliberal culture of competition and
-meritocracy that is typical of the startup world, underpins these
-implementations. As a result, we argue that “Blockchain 2.0”
-entrepreneurs ultimately fail to recognize the eminently social nature
-of the trust-building process. They emerge from our observation as
-unable to comprehend the extent to which the implementation of
-blockchain in a societal (i.e., not purely financial) context cannot do
-away with considerations about what kind of “social” the technology
-intervenes within, and find difficult to effectively conceive of how
-this technology embeds in existing social relations and power
-structures.
Banking on Digital Money: Swedish Cashlessness and the Fraying Currency Tether
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Gustav Peebles
-
-
-
Abstract
-
As cash has suddenly gone missing from Swedish life, a growing
- range of citizens and institutions have sounded the alarm that cash
-enabled a space of egalitarian access now under threat. But because
-commercial bank currency is gradually displacing public central bank
-currency, cashlessness in Sweden is not only threatening its egalitarian
- ethos but also the Swedish Central Bank's capacity to provide a
-guaranteed state payment mechanism. The consequences of Sweden's battles
- over cash-issuance may presage the future of our global banking system
-in a digital age, while also illuminating what is here called currency's
- “tethering mechanism.” Because bank-issued currencies represent chains
-of credit/debt, exchanging and storing different currencies can tether
-and de-tether their users to different institutions, thereby offering
-anthropologists the possibility of mapping the waxing and waning of
-various dominant social institutions.
Behind the Veil of Decentralization: Analyzing Blockchain Frames and Sponsors in US News
-
-
-
Type
-
Manuscript
-
-
-
Author
-
Asvatha Babu
-
-
-
Abstract
-
In recent years, “blockchain” has emerged as an industry
-buzzword, a technology that can solve pressing problems in economic
-inclusion, democracy, humanitarian aid, sustainability, and supply chain
- management among other things. Whether effective or not, this
-little-understood technology is championed as a way to change
-socio-economic power structures and democratize and decentralize
-established institutions like the financial system and government.
-However, these claims are often unsupported. The hype generated in the
-news and popular discourse about this technology often obscures
-questions of whether power relations are actually changing and how.
-Understanding the visible media frames as a proxy for the power contests
- that went into shaping discourse, this paper critically examines US
-news media coverage of blockchain between 2013 - 2018. It examines the
-news frames used to talk about blockchain, the sponsors of these frames,
- and how these factors have changed over the five-year period. The paper
- finds that blockchain-related news coverage is framed in six general
-ways: Disruptive, Harnessing, Skepticism, Community, Understanding,
-Menace. These frames, especially the disruptive and harnessing frames
-are mainly sponsored by big banks (like J.P. Morgan), big technology
-(like IBM and Microsoft), and Silicon Valley investors. Using this data,
- the paper argues that the narrative of blockchain as a
-democratizing/decentralizing technology is mainly pushed by these
-established institutions and that it is a smokescreen to prevent a
-critical examination of the use of the technology.
Betting on Bitcoin: How social collectives shape cryptocurrency markets
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Christoph F. Breidbach
-
-
-
Author
-
Silviana Tana
-
-
-
Abstract
-
Market-shaping research assumes that firms are the primary
-actor to lead, manage, and respond to the formation of markets. This
-viewpoint is increasingly being challenged, but empirical insights
-explaining the roles, resources and actions of actors other than firms
-shaping markets remain limited. We address this gap in knowledge by
-drawing on insights from an in-depth ethnography of market-shaping in
-the context of cryptocurrency communities. Our theoretical and empirical
- contributions consist of a typology that highlights four distinct roles
- performed by individuals shaping cryptocurrency markets. We furthermore
- identify six micro-level market actions, and delineate a novel
-theoretical model and propositions outlining the pathways with which
-these actions impact market size, market offerings, as well as market
-functioning. This study thereby establishes an important avenue for
-future research, and offers managerial guidelines enabling practitioners
- attempting to benefit from cryptocurrencies.
Beyond bitcoin: An early overview on smart contracts
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Pierluigi Cuccuru
-
-
-
Abstract
-
The technology underpinning Bitcoin-the blockchain-is
-acknowledged to offer security, stability and efficiency to online
-transactions. After a brief introduction to Bitcoin system, I touch upon
- the most innovative implementation of blockchain technology: the
-so-called smart contracts, ie programmable computer protocols that are
-able to self-enforce the terms therein encoded upon certain triggering
-conditions. First, I sketch their core functioning and benefits for
-digital relationships. Secondly, I stress their structural constraints
-and the issues of regulability fully decentralized blockchains pose. The
- elements underlined highlight the reasons why the financial and banking
- sectors represent smart contracts most immediate testing ground.
-
-
-
Date
-
2017
-
-
-
Extra
-
Publisher: Oxford University Press
-
-
-
Volume
-
25
-
-
-
Pages
-
179–195
-
-
-
Publication
-
International Journal of Law and Information Technology
Beyond the veil of money: Boundaries as constitutive elements of complementary currencies
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Rolf F. H. Schroeder
-
-
-
Abstract
-
This article sheds new light on the development of
-complementary currencies. Based on a comprehensive survey of the
-literature, the study questions conventional interpretations of these
-social innovations. The article challenges the view that money is the
-only feature that complementary currencies have in common. The author
-argues that in addition to the ways in which connectivity takes place, a
- characteristic feature of these systems is that they operate within
-boundaries. Territoriality, limits to convertibility and other features
-distinguish them from other unofficial currencies such as Bitcoin. Short
- case studies illustrate that these boundaries are interdependent. This
-theoretical framework offers a tool for the analysis of complementary
-currencies and a perspective on the creation of new types of such
-systems.
Bitcoin and its spheres of consumption: Transactional orders of consuming money in the Czech and Slovak Bitcoin community
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Martin Tremčinský
-
-
-
Abstract
-
With the recent proliferation of modes of payment,
-anthropology must increasingly pay closer attention to innovative
-designs and uses of money in Western societies. Money has started to be
-perceived as a consumable service with multiple providers from which to
-choose. In such an environment, the question of how people consume
-money—instead of how they consume with money—grows in importance. This
-article is based on ethnographic research of Bitcoin communities in
-Prague and Bratislava. It examines how users variously consume Bitcoin
-and what consequences these diverse ways of consumption can have for the
- Bitcoin economy. The article identifies two discrete spheres of
-consumption that closely correlate with “transactional orders” or
-spheres of exchange as described in classical works of economic
-anthropology, for example, by Parry and Bloch. One of the spheres is
-concerned with the reproduction of social order, while the other
-considers the personal gain of individual consumers. The article also
-examines the tension between these two spheres and how it is
-dialectically resolved through strategies of conversion. In the final
-discussion, the case of Bitcoin is compared with other anthropological
-accounts of spheres of exchange, with special attention oriented to
-their dissimilarities.
Bitcoin and the Blockchain: A Coup d'Etat in Digital Heterotopia?
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Gianluca Miscione
-
-
-
Author
-
Donncha Kavanagh
-
-
-
Abstract
-
This conference invites us to explore new organisational forms
- and practices that might be alternatives to “neoliberal market
-managerialism” and “financial capitalism”. Our starting point is that
-the latter two phenomena cannot be separated off analytically from
-powerful actors — such as the state — that have co-emerged with and
-played a key role in the evolutionary process through which capitalism
-has come to be (Graeber 2011). Specifically, this paper takes its move
-from Hobbes's (1651/2005) idea of the Leviathan, which has provided a
-foundational intellectual basis for the nation-state form, which is
-today ubiquitous, and on which both neoliberalism and financial
-capitalism are reliant. Hobbes rooted his construct in a pessimistic
-view of humankind that is naturally inclined towards the ‘war of all
-against all'. He argued that people must recognize that such a ‘state of
- nature' is destructive, and must accept, on the basis of utilitarian
-reasoning, the necessity of a social contract to constitute a supreme
-actor whose power is absolute and enforced by a monopoly on violence.
-Hence, the Leviathan and the body politic are constituted at once and
-are irreversible. No exit is allowed; no ethical, moral or religious
-limit can be posed in front of this power. The Leviathan is total
-because there is no room for any other rationality, and finite because
-all people are tied to the social contract. Hobbes's idea of the
-Leviathan has proved to be enduring and alluring, and provides a primary
- focus for this paper. What is especially interesting for us is that
-cryptocurrencies like Bitcoin have emerged from a similar ‘thought
-experiment' beginning with a ‘state of nature' not unlike Hobbes's
-depiction. Here, the seminal contribution is by the mysterious
-individual or individuals known as Satoshi Nakamoto who, in 2008,
-published a paper that set out the basis for the ‘blockchain technology'
- on which cryptocurrencies such as Bitcoin, and other services, are
-based (Nakamoto 2008). Not unlike Hobbes's ‘state of nature', Nakamoto
-begins with an imaginary world populated by trustless individuals. The
-problem he addresses is how to enable trustworthy transactions on the
-internet without recourse to a ‘trusted third party', such as a
-state-regulated (and state-supported) bank. Indeed, in line with
-libertarian ideology, one of Nakamoto's key objectives was to preclude
-the possibility of any single and all-encompassing ruling authority
-emerging. His elegant solution is Bitcoin, a purely digital
-cryptocurrency that is not administered by any constituted organization
-and is not circumscribed within any consistent jurisdiction. The
-‘blockchain', on which Bitcoin is based, is a public ledger of
-transactions maintained by a dispersed and open-ended number of ‘miners'
- who provide computing power to maintain and guarantee the integrity of
-the ledger. While the Bitcoin economy is tiny compared to official
-currencies — but remarkable compared to alternative and local currencies
- — it plants the seeds of a currency (intended as a mode of regulating
-transactions) that could threaten many of the quasi-monopoly powers that
- the state currently exercises through the central bank, viz: surveying
-and collecting data on citizens and corporations, setting credit rates
-and monetary policy, deciding on and implementing exchange rate
-policies, assuring the robustness of the payment infrastructure,
-protecting the interests of consumers, controlling money-laundering, and
- regulating/supporting existing financial service providers (Murphy
-2014). Nakamoto's attempt to create a money system without a central
-authority is best seen at the intersection of diachronic and synchronic
-issues. Historically, the blockchain is one of a long string of
-information technologies that, since the 1960s, have avoided
-centralization, partly as a defence against possible Soviet nuclear
-attack, and partly in sympathy with the Western open culture of the
-1960s and 1970s. In relation to contemporary phenomena, Bitcoin
-entangles with the state's power and jurisdiction, which is
-simultaenously being challenged by the shadow economy, by individuals
-and corporations choosing where they wish to pay tax, by the free flow
-of information within trans-national information infrastructures, and by
- global internet services and commerce. While Hobbes and Nakamoto start
-from similar positions, they end up in quite different destinations,
-and, since theory can be performative (Austin 1970), this means that
-very different worlds come to be. Analytically, each provides a lens
-through which one can examine the other, in theory and in practice.
-Together, the lenses provide a framing device for reimagining key
-concepts and practices that underpin the contemporary nation-state and,
-by extension, financial capitalism. The full paper will report on this
-comparative analysis. The Bitcoin phenomenon raises interesting
-methodological and theoretical points that we will also explore in the
-paper. Methodologically, the actor-network injunction to ‘follow the
-actors' — i.e. focus on performance — is practically impossible due to
-the sheer scale, technical intricacies, global dispersion and
-far-fetched effects of currency-related phenomena. Focusing on visible
-performance is also misleading theoretically because it fails to
-distinguish between what does not happen, those “influences which
-operate behind the back of agents, and which therefore cannot be found
-in micro-situations” (Knorr-Cetina 1981: 28), and what is purposefully
-avoided (Law and Singleton 2005). Indeed, Bitcoin is a manifestation of a
- totem of digital cultures: there is always an elsewhere, beyond the
-control of organizations. Creating an elsewhere free from Leviathan's
-constraints (which resonates with Foucault's notion of heterotopia)
-disrupts the body politic by exceeding or overflowing its framings
-(Callon 1998). The peculiarity of Bitcoin is not in any frontal clash
-with authority but rather in its strategy of avoidance, which we might
-interpret as a form of différance or the playing of an alternative game.
- What Bitcoin also illustrates is that the link between the micro and
-the macro is neither based on an immutable social contract nor
-maintained by an unbounded power. Rather, scalable and publicly
-accessible computing resources coordinate trustless macro actions
-without necessarily constituting actors and identities (Czarniawska
-2008/2014). The paper will further examine the paradox where the
-supplement of the age of visibility is action without actors and the
-emergence of new boundaries between frontstage and backstage, public and
- secret.
Bitcoin and the rise of decentralized autonomous organizations
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Ying Ying Hsieh
-
-
-
Author
-
Jean Philippe Vergne
-
-
-
Author
-
Philip Anderson
-
-
-
Author
-
Karim Lakhani
-
-
-
Author
-
Markus Reitzig
-
-
-
Abstract
-
Bitcoin represents the first real-world implementation of a
-“decentralized autonomous organization” (DAO) and offers a new paradigm
-for organization design. Imagine working for a global business
-organization whose routine tasks are powered by a software protocol
-instead of being governed by managers and employees. Task assignments
-and rewards are randomized by the algorithm. Information is not
-channeled through a hierarchy but recorded transparently and securely on
- an immutable public ledger called “blockchain.” Further, the
-organization decides on design and strategy changes through a democratic
- voting process involving a previously unseen class of stakeholders
-called “miners.” Agreements need to be reached at the organizational
-level for any proposed protocol changes to be approved and activated.
-How do DAOs solve the universal problem of organizing with such novel
-solutions? What are the implications? We use Bitcoin as an example to
-shed light on how a DAO works in the cryptocurrency industry, where it
-provides a peer-to-peer, decentralized, and disintermediated payment
-system that can compete against traditional financial institutions. We
-also invited commentaries from renowned organization scholars to share
-their views on this intriguing phenomenon.
Bitcoin as politics: Distributed right-wing extremism
-
-
-
Type
-
Journal Article
-
-
-
Author
-
David Golumbia
-
-
-
Date
-
2015
-
-
-
Publication
-
MoneyLab Reader: An Intervention in Digital Economy, Amsterdam: Institute of Network Cultures
-
-
-
Date Added
-
21/02/2022, 13:52:14
-
-
-
Modified
-
21/02/2022, 13:52:14
-
-
-
-
-
-
-
Bitcoin beyond ambivalence: Popular rationalization and Feenberg's technical politics
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Tom Redshaw
-
-
-
Abstract
-
In the aftermath of the 2008 financial crisis, Bitcoin emerged
- as an alternative monetary system that could circumvent political and
-financial authorities. A practice in libertarian prefigurative politics,
- Bitcoin demonstrates the capacity for online subgroups to creatively
-appropriate internet-based technologies to enact alternative futures.
-Andrew Feenberg's critical theory of technology clarifies this capacity
-and outlines the significance of agency in technical action. As
-technology mediates many social relations, it has a significant role in
-the reproduction of social power. Technological agency is therefore a
-crucial site of resistance in which users can form alternative,
-democratic rationalizations of technology. Yet are such instances of
-agency intrinsically democratic? In analysing this aspect of Feenberg's
-theory, this article argues that Bitcoin represents a 'popular
-rationalization' of technology - a creative appropriation of technology
-that empowers some groups while lacking the ethical justification
-necessary to be considered democratic.
-
-
-
Date
-
2017
-
-
-
Extra
-
Publisher: SAGE Publications Sage UK: London, England
Bitcoin Blackout: Proof-of-Work and the Centralization of Mining
-
-
-
Type
-
Manuscript
-
-
-
Author
-
Stefan Scharnowski
-
-
-
Author
-
Yanghua Shi
-
-
-
Abstract
-
Electricity constitutes the main input factor for miners of
-proof-of-work cryptocurrencies like Bitcoin, so they gravitate towards
-countries with cheap energy. We analyze risks associated with this
-geographical centralization of mining by exploiting an exogenous shock
-to electricity supply in a relatively small region with heavy Bitcoin
-mining activity. We first document a drop of about 25% in the total
-computing power of the Bitcoin network during a blackout that lasts
-several days. Compared to a control group consisting of a proof-of-stake
- cryptocurrency, we find evidence of blockchain congestion as fees
-increase substantially while the number and value of transactions
-decrease. We also document an impact on exchange trading activity.
-Trading volume and especially exchange rate volatility increase while
-liquidity deteriorates during the blackout, even though returns are
-mostly unaffected. Additionally, market integration drops as price
-differences between exchanges increase considerably.
Note (rufus): more an argument for why Bitcoin will "make it" than any argument why that is socially valuable (or not).
-
-
-
Attachments
-
-
Snapshot
-
-
-
-
-
-
Bitcoin Governance as a Decentralized Financial Market Infrastructure
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Hossein Nabilou
-
-
-
Abstract
-
Bitcoin is the oldest and most widely established
-cryptocurrency network with the highest market capitalization among all
-cryptocurrencies. Although bitcoin (with lowercase b) is increasingly
-viewed as a digital asset belonging to a new asset class, the Bitcoin
-network (with uppercase B) is a decentralized financial market
-infrastructure (dFMI) that clears and settles transactions in its native
- asset without relying on the conventional financial market
-infrastructures (FMIs). To be a reliable asset class as well as a dFMI,
-however, Bitcoin needs to have robust governance arrangements; whether
-such arrangements are built into the protocol (i.e., on-chain governance
- mechanisms) or relegated to the participants in the Bitcoin network
-(i.e., off-chain governance mechanisms), or are composed of a
-combination of both mechanisms (i.e., hybrid form of governance). This
-paper studies Bitcoin governance with a focus on its alleged
-shortcomings. In so doing, after defining Bitcoin governance and its
-objectives, the paper puts forward an idiosyncratic governance model
-whose main objective is to preserve and maximize the main value
-proposition of Bitcoin, i.e., its censorship-resistant property, which
-allows participants to transact in an environment with minimum social
-trust. Therefore, Bitcoin governance, including the processes through
-which Bitcoin governance crises have been resolved and the standards
-against which the Bitcoin Improvement Proposals (BIPs) are examined,
-should be analyzed in light of the prevailing narrative of Bitcoin as a
-censorship-resistant store of value and payment infrastructure. Within
-such a special governance model, this paper seeks to identify the
-potential shortcomings in Bitcoin governance by reference to the major
-governance crises that posed serious threats to Bitcoin in the last
-decade. It concludes that the existing governance arrangements in the
-Bitcoin network have been largely successful in dealing with Bitcoin's
-major crises that would have otherwise become existential threats to the
- Bitcoin network.
Bitcoin Is a Faith-Based Asset: Joe Weisenthal - Bloomberg
-
-
-
-
-
-
Bitcoin is basically a Ponzi scheme
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Paul Krugman
-
-
-
Date
-
2018
-
-
-
Volume
-
30
-
-
-
Publication
-
The Seattle Times
-
-
-
Date Added
-
21/02/2022, 13:52:16
-
-
-
Modified
-
21/02/2022, 13:52:16
-
-
-
-
-
-
-
Bitcoin laundering: an analysis of illicit flows into digital currency services
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Yaya Fanusie
-
-
-
Author
-
Tom Robinson
-
-
-
Date
-
2018
-
-
-
Publication
-
Center on Sanctions and Illicit Finance memorandum, January
-
-
-
Date Added
-
21/02/2022, 13:52:13
-
-
-
Modified
-
21/02/2022, 13:52:13
-
-
-
-
-
-
-
Bitcoin mining: A global review of energy and power demand
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Sinan Küfeoğlu
-
-
-
Author
-
Mahmut Özkuran
-
-
-
Abstract
-
After its introduction in 2008, increasing Bitcoin prices and a
- booming number of other cryptocurrencies lead to a growing discussion
-of how much energy is consumed during the production of these
-currencies. Being the most expensive and the most popular
-cryptocurrency, both the business world and the research community have
-started to question the energy intensity of Bitcoin mining. This paper
-only focuses on computational power demand during the proof-of-work
-process rather than estimating the whole energy intensity of mining. We
-make use of 160GB of Bitcoin blockchain data to estimate the energy
-consumption and power demand of Bitcoin mining. We considered the
-performance of 269 different hardware models (CPU, GPU, FPGA, and ASIC).
- For estimations, we defined two metrics, namely; minimum consumption
-and maximum consumption. The targeted time span for the analysis was
-from 3 January 2009 to 5 June 2018. We show that the historical peak of
-power consumption of Bitcoin mining took place during the bi-weekly
-period commencing on 18 December 2017 with a demand of between 1.3 and
-14.8 GW. This maximum demand figure was between the installed capacities
- of Finland (∼16 GW) and Denmark (∼14 GW). We also show that, during
-June 2018, energy consumption of Bitcoin mining from difficulty
-recalculation was between 15.47 and 50.24 TWh per year.
Bitcoin pyramid schemes wreak havoc on Brazil's 'New Egypt'
-
-
-
Type
-
Web Page
-
-
-
Abstract
-
CABO FRIO, Brazil (AP) — In April, Brazil's federal police
-stormed the helipad of a boutique seaside hotel in Rio de Janeiro state,
- where they busted two men and a woman loading a chopper with 7 million
-reais ($1.3 million) in neatly packed bills.
Anderson is a Professor of Security Engineering at the
-University Cambridge. Bitcoin Redux explains what’s going wrong in the
-world of cryptocurrencies. The bitcoin exchanges are developing into a
-shadow banking system, which do not give their customers actual bitcoin
-but rather display a "balance" and allow them to transact with others.
-However if Alice sends Bob a bitcoin, and they’re both customers of the
-same exchange, it just adjusts their balances rather than doing anything
- on the blockchain. This is an e-money service, according to European
-law, but is the law enforced? Not where it matters. We’ve been looking
-at the details.
-
-
-
Attachments
-
-
Snapshot
-
-
-
-
-
-
Bitcoin, Currencies, and Fragility
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Nassim Nicholas Taleb
-
-
-
Author
-
Universa Investments
-
-
-
Date
-
2021
-
-
-
Publication
-
arXiv preprint arXiv:2106.14204
-
-
-
Date Added
-
21/02/2022, 13:52:15
-
-
-
Modified
-
21/02/2022, 13:52:15
-
-
-
-
-
-
-
Bitcoin, Currencies, and Fragility
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Nassim Nicholas Taleb
-
-
-
Abstract
-
This discussion applies quantitative finance methods and
-economic arguments to cryptocurrencies in general and bitcoin in
-particular -- as there are about $10,000$ cryptocurrencies, we focus
-(unless otherwise specified) on the most discussed crypto of those that
-claim to hew to the original protocol (Nakamoto 2009) and the one with,
-by far, the largest market capitalization. In its current version, in
-spite of the hype, bitcoin failed to satisfy the notion of "currency
-without government" (it proved to not even be a currency at all), can be
- neither a short nor long term store of value (its expected value is no
-higher than $0$), cannot operate as a reliable inflation hedge, and,
-worst of all, does not constitute, not even remotely, a safe haven for
-one's investments, a shield against government tyranny, or a tail
-protection vehicle for catastrophic episodes. Furthermore, bitcoin
-promoters appear to conflate the success of a payment mechanism (as a
-decentralized mode of exchange), which so far has failed, with the
-speculative variations in the price of a zero-sum maximally fragile
-asset with massive negative externalities. Going through monetary
-history, we show how a true numeraire must be one of minimum variance
-with respect to an arbitrary basket of goods and services, how gold and
-silver lost their inflation hedge status during the Hunt brothers
-squeeze in the late 1970s and what would be required from a true
-inflation hedged store of value.
This discussion applies quantitative finance methods and
-economic arguments to cryptocurrencies in general and bitcoin in
-particular -- as there are about $10,000$ cryptocurrencies, we focus
-(unless otherwise specified) on the most discussed crypto of those that
-claim to hew to the original protocol (Nakamoto 2009) and the one with,
-by far, the largest market capitalization. In its current version, in
-spite of the hype, bitcoin failed to satisfy the notion of "currency
-without government" (it proved to not even be a currency at all), can be
- neither a short nor long term store of value (its expected value is no
-higher than $0$), cannot operate as a reliable inflation hedge, and,
-worst of all, does not constitute, not even remotely, a safe haven for
-one's investments, a shield against government tyranny, or a tail
-protection vehicle for catastrophic episodes. Furthermore, bitcoin
-promoters appear to conflate the success of a payment mechanism (as a
-decentralized mode of exchange), which so far has failed, with the
-speculative variations in the price of a zero-sum maximally fragile
-asset with massive negative externalities. Going through monetary
-history, we show how a true numeraire must be one of minimum variance
-with respect to an arbitrary basket of goods and services, how gold and
-silver lost their inflation hedge status during the Hunt brothers
-squeeze in the late 1970s and what would be required from a true
-inflation hedged store of value.
Bitcoin: A safe haven asset and a winner amid political and economic uncertainties in the US?
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Muhammad Umar
-
-
-
Author
-
Chi-Wei Su
-
-
-
Author
-
Syed Kumail Abbas Rizvi
-
-
-
Author
-
Xue-Feng Shao
-
-
-
Date
-
2021
-
-
-
Extra
-
Publisher: Elsevier
-
-
-
Volume
-
167
-
-
-
Pages
-
120680
-
-
-
Publication
-
Technological Forecasting and Social Change
-
-
-
Date Added
-
02/03/2022, 13:13:11
-
-
-
Modified
-
02/03/2022, 13:13:11
-
-
-
-
-
-
-
Bitcoin: Bubble that bursts or Gold that glitters?
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Rocco Caferra
-
-
-
Author
-
Gabriele Tedeschi
-
-
-
Author
-
Andrea Morone
-
-
-
Abstract
-
This paper aims to shed light on the 2017 Bitcoin bubble.
-Firstly, by applying the dynamic time warping algorithm, we identify
-among several financial instruments a subsample of five assets with
-similar characteristics to the cryptocurrency bubble. Interestingly,
-among the fluctuations characterizing these assets, the algorithm shows a
- close affinity between the Bitcoin bubble and the 2000 NASDAQ Dotcom
-one. Once the subsample is identified, we study the (de)synchronization
-among these assets via the wavelet coherence approach. Although Bitcoin
-is poorly correlated with the other indices, given its scarce connection
- with the real economy, we observe switching phenomena among these
-instruments. A more careful study on these portfolio reallocations,
-conducted via an event study analysis, reveals that traders seem to
-redirect capital from stock markets and gold to Bitcoin in case of
-positive events of the cryptocurrency.
The carbon footprint of Bitcoin has drawn wide attention, but
-Bitcoin's long-term impact on the climate remains uncertain. Here we
-present a framework to overcome uncertainties in previous estimates and
-project Bitcoin's electricity consumption and carbon footprint in the
-long term. If we assume Bitcoin's market capitalization grows in line
-with the one of gold, we find that the annual electricity consumption of
- Bitcoin may increase from 60 to 400 TWh between 2020 and 2100. The
-future carbon footprint of Bitcoin strongly depends on the
-decarbonization pathway of the electricity sector. If the electricity
-sector achieves carbon neutrality by 2050, Bitcoin's carbon footprint
-has peaked already. However, in the business-as-usual scenario,
-emissions sum up to 2 gigatons until 2100, an amount comparable to 7% of
- global emissions in 2019. The Bitcoin price spike at the end of 2020
-shows, however, that progressive development of market capitalization
-could yield an electricity consumption of more than 100 TWh already in
-2021, and lead to cumulative emissions of over 5 gigatons by 2100.
-Therefore, we also discuss policy instruments to reduce Bitcoin's future
- carbon footprint.
Bitcoin's increasing energy consumption has triggered a
-passionate debate about the sustainability of the digital currency. And
-yet, most studies have thus far ignored that Bitcoin miners cycle
-through a growing amount of short-lived hardware that could exacerbate
-the growth in global electronic waste. E-waste represents a growing
-threat to our environment, from toxic chemicals and heavy metals
-leaching into soils, to air and water pollutions caused by improper
-recycling. Here we present a methodology to estimate Bitcoin's e-waste
-and find that it adds up to 30.7 metric kilotons annually, per May 2021.
- This number is comparable to the amount of small IT and
-telecommunication equipment waste produced by a country like the
-Netherlands. At peak Bitcoin price levels seen early in 2021, the annual
- amount of e-waste may grow beyond 64.4 metric kilotons in the midterm,
-which highlights the dynamic trend if the Bitcoin price rises further.
-Moreover, the demand for mining hardware already today disrupts the
-global semiconductor supply chain. The strategies we present may help to
- mitigate Bitcoin's growing e-waste problem.
[Figure presented] The electricity that is expended in the
-process of mining Bitcoin has become a topic of heavy debate over the
-past few years. It is a process that makes Bitcoin extremely
-energy-hungry by design, as the currency requires a huge amount of hash
-calculations for its ultimate goal of processing financial transactions
-without intermediaries (peer-to-peer). The primary fuel for each of
-these calculations is electricity. The Bitcoin network can be estimated
-to consume at least 2.55 gigawatts of electricity currently, and
-potentially 7.67 gigawatts in the future, making it comparable with
-countries such as Ireland (3.1 gigawatts) and Austria (8.2 gigawatts).
-Economic models tell us that Bitcoin's electricity consumption will
-gravitate toward the latter number. A look at Bitcoin miner production
-estimates suggests that this number could already be reached in 2018.
Bitcoin’s energy consumption is underestimated: A market dynamics approach
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Alex de Vries
-
-
-
Date
-
2020
-
-
-
Extra
-
Publisher: Elsevier
-
-
-
Volume
-
70
-
-
-
Pages
-
101721
-
-
-
Publication
-
Energy Research & Social Science
-
-
-
Date Added
-
21/02/2022, 13:52:12
-
-
-
Modified
-
21/02/2022, 13:52:12
-
-
-
-
-
-
-
Blind signature system
-
-
-
Type
-
Conference Paper
-
-
-
Author
-
David Chaum
-
-
-
Date
-
1984
-
-
-
Publisher
-
Springer
-
-
-
Pages
-
153–153
-
-
-
Proceedings Title
-
Advances in cryptology
-
-
-
Date Added
-
21/02/2022, 13:52:12
-
-
-
Modified
-
21/02/2022, 13:52:12
-
-
-
-
-
-
-
Blockchain and energy: A bibliometric analysis and review
-
-
-
Type
-
Journal Article
-
-
-
Author
-
L. Ante
-
-
-
Author
-
F. Steinmetz
-
-
-
Author
-
I. Fiedler
-
-
-
Abstract
-
Blockchain technology provides an immutable ledger for secure
-value transactions in a network. This base layer technology has the
-potential to boost the efficiency of various processes in the energy
-sector. In this article, the intersection of blockchain and energy is
-analyzed based on the underlying references of 166 publications via
-co-citation analysis. Using exploratory factor analysis, six distinct
-research streams are identified: I. energy market innovation and
-transformation (through blockchain technology), II. blockchain for data
-sharing and security, III. energy management in smart grids and scalable
- systems, IV. information transmission across networks and its
-applications, V. peer-to-peer energy microgrids, and VI. potential of
-blockchain technology. For each of these streams, the highest-impact
-articles are reviewed. In addition, social network analysis allows to
-reveal the relationships and dependencies between the streams. The
-results indicate a high degree of homogeneity in this field of research,
- as the six streams explain more than 71% of variance. The degree to
-which the streams are centered on blockchain technology varies. While
-the two most established discourses and the least established one focus
-at least in part on blockchain, the other three streams prioritize
-energy issues. It is postulated that specific research fields on this
-topic are only beginning to emerge, implications are discussed and areas
- for future research are derived.
Blockchain and other distributed ledger technologies: Where is the accounting?
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Miles Gietzmann
-
-
-
Author
-
Francesco Grossetti
-
-
-
Abstract
-
In a recent survey of academic research, Fintech related
-topics, broadly classified as crypto-currency studies, were by far the
-most researched topics in the social sciences. However, we have observed
- that, perhaps surprisingly, even though crypto-currencies rely on a
-distributed accounting ledger technology, relatively few of those
-studies were conducted by accounting academics. While some of the
-features of a system like Bitcoin do not necessarily rely on a
-traditional accounting knowledge, this knowledge is key in designing
-effective real-world distributed systems. Building on a foundational
-framework developed by Risius and Spohrer (2017), we provide support for
- their hypothesis that to date, research in this area has been
-predominantly of a somewhat narrow focus (i.e., based upon exploiting
-existing programming solutions without adequately considering the
-fundamental needs of users). This is particularly reflected by the
-abundance of Bitcoin-like crypto-currency code-bases with little or no
-place for business applications. We suggest that this may severely limit
- an appreciation of the relevance and applicability of decentralized
-systems, and how they may support value creation and improved
-governance. We provide supporting arguments for this statement by
-considering four applied classes of problems where a
-blockchain/distributed ledger can add value without requiring a
-crypto-currency to be an integral part of the functioning system. We
-note that each class of problem has been viewed previously as part of
-accounting issues within the legacy centralized ledger systems paradigm.
- We show how accounting knowledge is still relevant in the shift from
-centralized to decentralized ledger systems. We advance the debate on
-the development of (crypto-currency free) value-creating distributed
-ledger systems by showing that applying accounting knowledge in this
-area has potentially a much wider impact than that currently being
-applied in areas limited to auditing and operations management. We
-develop a typology for general distributed ledger design which assists
-potential users to understand the wide range of choices when developing
-such systems.
Blockchain and renewable energy: Integration challenges in circular economy era
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Abdullah Yildizbasi
-
-
-
Abstract
-
Renewable energy technologies play a crucial role in reducing
-the energy consumption by exploiting natural energy resources. With the
-increase in the trend towards the use of renewable energy resources
-energy distribution networks have become more complex. As such, it is
-envisioned that efficient distribution of the generated energy, illegal
-energy use, unfair pricing, and individual energy producers' entry into
-the market will be the key issues that need be tackled in near future.
-In this study, we discuss in order to eliminate the problems experienced
- in the energy grid management process, the blockchain concept, and its
-integration with renewable energy systems. First, we develop a novel
-integration process of blockchain with the renewable energy systems
-under the circular economy perspective in order to ensure the
-sustainability of energy grid management systems, followed by
-discussions on the advantages of the proposed integration process for
-energy policy makers. Second, the challenges of blockchain faced during
-the integration to a circular economy are presented. In order to
-prioritize the challenges encountered in the integration process, a
-numerical analysis is conducted using the Pythagorean Fuzzy Analytical
-Hierarchy Process method based on expert opinions, and corresponding
-managerial implications are included.
Blockchain and smart contracts: The missing link in copyright licensing?
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Balázs Bodó
-
-
-
Author
-
Daniel Gervais
-
-
-
Author
-
João Pedro Quintais
-
-
-
Abstract
-
This article offers a normative analysis of key blockchain
-technology concepts from the perspective of copyright law. Some features
- of blockchain technologies - scarcity, trust, transparency,
-decentralized public records and smart contracts - seem to make this
-technology compatible with the fundamentals of copyright. Authors can
-publish works on blockchain creating a quasi-immutable record of initial
- ownership, and encode 'smart' contracts to license the use of works.
-Remuneration may happen on online distribution platforms where the smart
- contracts reside. In theory, such an automated setup allows for the
-private ordering of copyright. Blockchain technology, like Digital
-Rights Management 20 years ago, is thus presented as an opportunity to
-reduce market friction, and increase both licensing efficiency and the
-autonomy of creators. Yet, some of the old problems remain. The article
-examines the differences between new, smartcontract-based private
-ordering regime and the fundamental components of copyright law, such as
- exceptions and limitations, the doctrine of exhaustion, restrictions on
- formalities, the public domain and fair remuneration.
-
-
-
Date
-
2018
-
-
-
Extra
-
Publisher: Oxford University Press
-
-
-
Volume
-
26
-
-
-
Pages
-
311–336
-
-
-
Publication
-
International Journal of Law and Information Technology
Blockchain and the European Union General Data Protection Regulation: The CNIL's Perspective
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Florian Martin-Bariteau
-
-
-
Abstract
-
The Commission Nationale Informatique et Libertes (CNIL), has
-published “Blockchain: Premiers elements d'analyse de la CNIL”, a
-document on blockchain and the European Union General Data Protection
-Regulation (GDPR). This document was released by the French Data
-Protection Authority (DPA) as a working policy paper and offers an
-overview of its initial reflection on the Blockchain technology and its
-compliance with the GDPR. The CNIL notes the GDPR has been created to
-regulate data use, rather than any particular form of technology. As
-such, and without surprise to anyone familiar with privacy law, the CNIL
- states the GDPR applies to the use of blockchain in any instance where
-personal data is handled. However, this working paper is a very raw
-analysis. In our opinion, the document raises more questions than it
-answers – and highlights some legal uncertainty with respect to the
-qualifications of different actors on a blockchain under the GDPR
-taxonomy. In several areas, the CNIL highlights that more reflection is
-needed on its end, and that this reflection needs to be undertaken at
-the European level.
This paper discusses the emergence of blockchain technology in
- the energy sector in the light of ongoing energy market transformation.
- The study builds on literature research and expert interviews, and
-provides insights into the future energy landscape in the context of the
- blockchain advent. While the interviewees acknowledge the great, though
- disruptive, potential of blockchain technology for the primary
-activities in the electricity sector, there is agreement that inflexible
- regulatory frameworks impose the biggest challenge. The widest impact
-which blockchain technology will have in the short-term will be in
-electric vehicle integration, while in the long-term blockchain will
-enable peer-to-peer microgrids. The role that the blockchain will play,
-though, relies mainly on the business model innovation in energy. While a
- growing body of literature discusses specific blockchain applications
-and solutions in an advanced technological set-up, this paper presents a
- holistic picture of the blockchain applicability in the energy sector
-and thematises this very powerful and versatile technology against the
-background of two emerging economies: South Africa and Russia.
Suggested citation: Quintais, João and Bodó, Balázs and
-Giannopoulou, Alexandra and Ferrari, Valeria, Blockchain and the Law: A
-Critical Evaluation (January 17, 2019). Pedro Quintais, B. Bodó, A.
-Giannopoulou, & A. Ferrari (2019). Blockchain and the Law: A
-Critical Evaluation. Stanford Journal of Blockchain Law & Policy
-(2)1, Amsterdam Law School Research Paper No. 2019-03, Institute for
-Information Law Research Paper No. 2019-01, Available at SSRN:
-https://ssrn.com/abstract=3317404
-
-
-
Date
-
2019
-
-
-
Volume
-
2
-
-
-
Pages
-
86–112
-
-
-
Publication
-
Stanford Journal of Blockchain Law & Policy
-
-
-
Issue
-
1
-
-
-
Date Added
-
02/03/2022, 08:25:09
-
-
-
Modified
-
02/03/2022, 08:25:09
-
-
-
Tags:
-
-
Blockchain
-
_LATEST
-
distributed ledger technology
-
LAW & SMART
-
LAW & SMART_CODE_LAW
-
and Illegal Behavior
-
book review
-
Illegal Behavior and the Enforcement of Law
-
Information law
-
law
-
Law and Economics
-
Legal Procedure
-
the Legal System
-
-
-
-
-
-
Blockchain and the Promise (s) of Decentralisation : A
-Sociological Investigation of the Sociotechnical Imaginaries of
-Blockchain
Blockchain and the tokenization of the individual: Societal implications
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Monique J. Morrow
-
-
-
Author
-
Mehran Zarrebini
-
-
-
Abstract
-
We are living in a world where the very systems upon which
-trust is based are being challenged by new and exciting paradigm shifts.
- Centralization whether in the form of governments, financial
-institutions, enterprises and organizations is simply being challenged
-because of the lack of trust associated with data governance often
-experienced in the form of data breaches or simply a monetization of our
- data without our permission and/or incentives to participate in this
-emerging decentralization of structures. We see this trust deficit
-challenging the very institutions we have depended on including but not
-limited to financial institutions, private enterprises or government
-bodies. A new "social contract" is required as we continuously evolve
-into more decentralized and self-governing (or semi self-governing)
-entities. We will see more development in digital sovereignty with the
-caveat that a governance model will need to be defined. This position
-paper will present evidence that supports the premise that blockchain
-and individual tokenization could provide a new social contract.
-
-
-
Date
-
2019
-
-
-
Extra
-
Publisher: Multidisciplinary Digital Publishing Institute
Blockchain applications for climate protection: A global empirical investigation
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Gregor Dorfleitner
-
-
-
Author
-
Franziska Muck
-
-
-
Author
-
Isabel Scheckenbach
-
-
-
Abstract
-
Our research consolidates the actual environment of blockchain
- applications that contribute in a certain way to climate protection. In
- view of the growing interest in climate change and the need to act on a
- global scale, knowledge about these applications enables investors,
-politicians, and citizens to drive this development forward through
-diverse support opportunities. This article provides an extensive
-overview of existing mitigation and adaptation measures based on
-blockchain technology. We collect data on 85 such applications and
-describe the empirical distributions of different attributes of these
-applications. In a logit regression, we analyze which
-application-specific and blockchain-specific characteristics determine
-the success of an application in the sense of an advanced operational
-status. We find evidence that applications of the type “energy trading”
-exhibit reduced chances of success, while green blockchain-based
-applications implementing a proof-of-stake consensus mechanism are more
-likely to become operational. Moreover, pursuing an initial coin
-offering has no significant effect on the success of an application. Our
- work provides the basis for a better understanding of the success
-factors of this new technology.
Blockchain as a confidence machine: The problem of trust & challenges of governance
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Primavera De Filippi
-
-
-
Author
-
Morshed Mannan
-
-
-
Author
-
Wessel Reijers
-
-
-
Abstract
-
Blockchain technology was created as a response to the trust
-crisis that swept the world in the wake of the 2008 financial crisis.
-Bitcoin and other blockchain-based systems were presented as a
-“trustless” alternative to existing financial institutions and even
-governments. Yet, while the trustless nature of blockchain technology
-has been heavily questioned, little research has been done as to what
-blockchain technologies actually bring to the table in place of trust.
-This article draws from the extensive academic discussion on the
-concepts of “trust” and “confidence” to argue that blockchain technology
- is not a ‘trustless technology' but rather a ‘confidence machine'.
-First, the article provides a review of the multifaceted
-conceptualisations of trust and confidence, and the relationship between
- these two concepts. Second, the claim is made that blockchain
-technology relies on cryptographic rules, mathematics, and
-game-theoretical incentives in order to increase confidence in the
-operations of a computational system. Yet, such an increase in
-confidence ultimately relies on the proper operation and governance of
-the underlying blockchain-based network, which requires trusting a
-variety of actors. Third, the article turns to legal, constitutional and
- polycentric governance theory to explore the governance challenges of
-blockchain-based systems, in light of the tension between procedural
-confidence and trust.
Blockchain as a medium for transindividual collective
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Juho Rantala
-
-
-
Abstract
-
Today, digitalisation is penetrating every corner of our
-mundane life, thus affecting our being in manifold ways. In spite of
-this, digital technologies provide us with paths towards advancing
-humanity. One way to model the possibilities of the new technologies in a
- sustainable way is to frame them in light of Gilbert Simondon's
-philosophy and especially his understanding of ‘transindividuality',
-which is the foundation for a robust, evolving collective. The
-transindividual relation, mediated by technical objects, is the
-possibility of a concurrent problem-solving at the collective and
-individual level. One of these new technologies, blockchain, a
-decentralised peer-to-peer database, practically demonstrates a complex
-system that can cultivate this transindividuality. Although not without
-its flaws, blockchain nonetheless presents a serious innovation for
-collective being.
Blockchain technology is often discussed and theorized in
-relation to cryptocurrencies such as Bitcoin. Its quality as a
-technology that produces advanced encryption keys between objects,
-however, also makes it interesting to those who seek to connect physical
- objects to digital elements. The reason for this is that the link
-between objects needs to be ‘secure' from undesired external
-interference. In relation to such interests, blockchain has been
-identified as a highly attractive technology to support the general
-digitalization of society towards the Internet of Things, smart cities
-etc. In extension, the implementation of blockchain technology implies
-that it may work as a tool that has the capacity to direct which objects
- may/may not interact with each other. The ‘ledger of everything' that
-blockchain may possibly produce as regards the ‘Internet of Everything'
-is even suggested to make humans and other intermediary technologies
-redundant. In this essay, I argue that in order to sustain legal
-critique when the world moves into the next era of digitalization, we
-need to understand - and question - how technological control operates
-through e.g. blockchain technology by locking physical and digital
-elements to each other.
Blockchain disruption and decentralized finance: The rise of decentralized business models
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Yan Chen
-
-
-
Author
-
Cristiano Bellavitis
-
-
-
Abstract
-
Blockchain technology can reduce transaction costs, generate
-distributed trust, and empower decentralized platforms, potentially
-becoming a new foundation for decentralized business models. In the
-financial industry, blockchain technology allows for the rise of
-decentralized financial services, which tend to be more decentralized,
-innovative, interoperable, borderless, and transparent. Empowered by
-blockchain technology, decentralized financial services have the
-potential to broaden financial inclusion, facilitate open access,
-encourage permissionless innovation, and create new opportunities for
-entrepreneurs and innovators. In this article, we assess the benefits of
- decentralized finance, identify existing business models, and evaluate
-potential challenges and limits. As a new area of financial technology,
-decentralized finance may reshape the structure of modern finance and
-create a new landscape for entrepreneurship and innovation, showcasing
-the promises and challenges of decentralized business models.
Blockchain energy: Blockchain in future energy systems
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Bernd Teufel
-
-
-
Author
-
Anton Sentic
-
-
-
Author
-
Mathias Barmet
-
-
-
Abstract
-
The ongoing, in-depth transformation of the electricity sector
- towards increased use of alternative, renewable energy sources extends
-beyond a simple decentralisation drive in the electricity market. The
-transformation process is characterised by the interplay of old and new
-technologies from the energy sector as well as structural coupling with
-other sectors, such as the information and communications technology
-(ICT), enabling the technology transfer as well as market entry by
-information technology (IT) actors. Blockchain-based technologies have
-the potential to play a key role in this transition by offering
-decentralised interfaces and systems as well as an alternative approach
-to the current organisation form of the energy market. This paper
-discusses the applicability and prospects for blockchain-based
-technologies in the energy sector, which are described using the term
-“blockchain energy”. For the purposes of this study, blockchain energy
-encompasses all socio-technical and organisational configurations in the
- energy sector based on the utilisation of the blockchain principle for
-energy trading, information storage, and/or increased transparency of
-energy flows and energy services. In the following chapters, the authors
- present and discuss the current transformation in the electricity
-market, followed by a review of the different utilisation possibilities
-for blockchain technologies in the energy sector and a discussion of the
- barriers and potential for blockchain energy using a transition studies
- perspective. Finally, the opportunities and risks of blockchain energy
-are discussed.
Blockchain for energy sharing and trading in distributed prosumer communities
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Ioan Petri
-
-
-
Author
-
Masoud Barati
-
-
-
Author
-
Yacine Rezgui
-
-
-
Author
-
Omer F Rana
-
-
-
Abstract
-
The decentralisation of energy supply and demand can
-contribute decisively to protecting the environment and climate of the
-planet by consuming electricity in the proximity of the generation
-source and avoiding losses in transmission and distribution. Supporting
-energy transactions with emerging intelligent technologies can advance
-the development of energy communities and accelerate the integration of
-renewable sources. Distributed energy solutions play an essential role
-as they are explicitly designed to produce, store and deliver green
-energy. Profiting with these benefits is essential, especially in the
-context of the current debate on stopping climate change. Several
-technologies such as waste heat recovery with intelligent algorithms can
- improve the energy distribution and provide significant resource
-savings. On the other hand, the usage of Blockchain technology in energy
- markets promises to incentivise the use of renewables and provide a
-reliable framework to monitor real-time information of energy production
- and consumption. Blockchain can also enable trading between independent
- agents and lead to the formation of more secured energy communities. In
- this paper, we demonstrate how Blockchain can be utilised to support
-the formation and use of energy communities. We propose a
-Blockchain-based energy framework as a mean to support energy exchanges
-in a community of prosumers. We demonstrate how smart contracts can
-manage energy transactions and enable a more secured trading environment
- between consumers and producers. We utilise data and models from a real
- fish processing industrial site in Milford Haven Port, South Wales,
-based on which we validate our research hypothesis.
Blockchain for Future Smart Grid: A Comprehensive Survey
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Muhammad Baqer Mollah
-
-
-
Author
-
Jun Zhao
-
-
-
Author
-
Dusit Niyato
-
-
-
Author
-
Kwok Yan Lam
-
-
-
Author
-
Xin Zhang
-
-
-
Author
-
Amer M.Y.M. Ghias
-
-
-
Author
-
Leong Hai Koh
-
-
-
Author
-
Lei Yang
-
-
-
Abstract
-
The concept of smart grid has been introduced as a new vision
-of the conventional power grid to figure out an efficient way of
-integrating green and renewable energy technologies. In this way,
-Internet-connected smart grid, also called energy Internet, is also
-emerging as an innovative approach to ensure the energy from anywhere at
- any time. The ultimate goal of these developments is to build a
-sustainable society. However, integrating and coordinating a large
-number of growing connections can be a challenging issue for the
-traditional centralized grid system. Consequently, the smart grid is
-undergoing a transformation to the decentralized topology from its
-centralized form. On the other hand, blockchain has some excellent
-features which make it a promising application for the smart grid
-paradigm. In this article, we aim to provide a comprehensive survey on
-the application of blockchain in smart grid. As such, we identify the
-significant security challenges of smart grid scenarios that can be
-addressed by blockchain. Then, we present a number of blockchain-based
-recent research works presented in different literature addressing
-security issues in the area of smart grid. We also summarize several
-related practical projects, trials, and products that have emerged
-recently. Finally, we discuss essential research challenges and future
-directions of applying blockchain to smart grid security issues.
Blockchain for Internet of Energy management: Review, solutions, and challenges
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Arzoo Miglani
-
-
-
Author
-
Neeraj Kumar
-
-
-
Author
-
Vinay Chamola
-
-
-
Author
-
Sherali Zeadally
-
-
-
Abstract
-
After smart grid, Internet of Energy (IoE) has emerged as a
-popular technology in the energy sector by integrating different forms
-of energy. IoE uses Internet to collect, organize, optimize and manage
-the networks energy information from different edge devices in order to
-develop a distributed smart energy infrastructure. Sensors and
-communication technologies are used to collect data and to predict
-demand and supply by consumers and suppliers respectively. However, with
- the development of renewable energy resources, Electric Vehicles (EVs),
- smart grid and Vehicle-to-grid (V2G) technology, the existing energy
-sector started shifting towards distributed and decentralized solutions.
- Moreover, the security and privacy issues because of centralization is
-another major concern for IoE technology. In this context, Blockchain
-technology with the features of automation, immutability, public ledger
-facility, irreversibility, decentralization, consensus and security has
-been adopted in the literature for solving the prevailing problems of
-centralized IoE architecture. By leveraging smart contracts, blockchain
-technology enables automated data exchange, complex energy transactions,
- demand response management and Peer-to-Peer (P2P) energy trading etc.
-Blockchain will play vital role in the evolution of the IoE market as
-distributed renewable resources and smart grid network are being
-deployed and used. We discuss the potential and applications of
-blockchain in the IoE field. This article is build on the literature
-research and it provides insight to the end-user regarding the future
-IoE scenario in the context of blockchain technology. Lastly this
-article discusses the different consensus algorithm for IoE technology.
This essay considers the ideological context of blockchain
-technology. This technology is often celebrated for its potential for
-decentralization, distribution, privacy, and a lack of intermediaries
-and coordinators for transactions and general governance. Because of
-these features, blockchain technology, and, in particular, its most
-famous inauguration - the bitcoin blockchain - is frequently identified
-with libertarianism. In this essay, we argue that the ideological
-context of blockchain technology is much more complicated. In addition
-to unraveling a number of background ideologies and their role in this
-technology, we raise the ontological issue concerning the relationship
-of ideology to technology. These matters have implications for, among
-other things, the approach that should be taken to blockchain's
-governance, as well as how international lawyers may approach this
-foreign-seeming phenomenon that has its proponents from the European
-Central Bank to the United Nations (not, however, forgetting the private
- sector nor the digital underground).
Blockchain governance in the public sector: A conceptual framework for public management
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Evrim Tan
-
-
-
Author
-
Stanislav Mahula
-
-
-
Author
-
Joep Crompvoets
-
-
-
Abstract
-
A key challenge behind the adoption of blockchain in the
-public sector is understanding the dynamics of blockchain governance.
-Based on a systematic literature review, this article analyzes different
- approaches to blockchain governance across disciplines and develops a
-comprehensive conceptual framework for the study of blockchain
-governance decisions in the public sector. The framework clusters nine
-types of governance decisions (infrastructure architecture, application
-architecture, interoperability, decision-making mechanism, incentive
-mechanism, consensus mechanism, organization of governance,
-accountability of governance, and control of governance) into three
-levels of analysis (micro, meso, and macro-levels). Drawing on public
-management theories and concepts, the article elucidates the
-implications of various governance choices in each level of governance
-and provides a primer for researchers and policy practitioners on the
-design of blockchain-based systems in the public sector.
Blockchain governance-A new way of organizing collaborations?
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Fabrice Lumineau
-
-
-
Author
-
Wenqian Wang
-
-
-
Author
-
Oliver Schilke
-
-
-
Abstract
-
The recent emergence of blockchains may be considered a
-critical turning point in organizing collaborations. We outline the
-historical background and the fundamental features of blockchains and
-present an analysis with a focus on their role as governance mechanisms.
- Specifically, we argue that blockchains offer a way to enforce
-agreements and achieve cooperation and coordination that is distinct
-from both traditional contractual and relational governance as well as
-from other information technology solutions. We also examine the scope
-of blockchains as efficient governance mechanisms and highlight the
-tacitness of the transaction as a key boundary condition. We then
-discuss how blockchain governance interacts with traditional governance
-mechanisms in both substitutive and complementary ways. We pay
-particular attention to blockchains' social implications as well as
-their inherent challenges and limitations. Our analysis culminates in a
-research agenda that explores how blockchains may change the way to
-organize collaborations, including issues of what different types of
-blockchains may emerge, who is involved and impacted by blockchain
-governance, why actors may want blockchains, when and where blockchains
-can be more (versus less) effective, and how blockchains influence a
-number of important organizational outcomes.
Governance of blockchain technologies has not been
-historically prioritized beyond technological dimensions, and relatively
- little literature exists on the prescriptive governance of blockchain
-platforms. Existing governance frameworks, such as IT governance, may
-not be suitable or easily applied to the novel context of blockchain;
-instead, the authors of this chapter argue it may be more appropriate to
- adopt a grounded approach to the development of governance theory for
-blockchains. Situating their discussion of blockchain governance within
-existing, external power structures—legal, political, economic,
-environmental, and social—the authors outline an internal governance
-framework for the blockchain system itself. Taking an inclusive,
-question-led approach, this internal governance framework aims to ensure
- that areas of risk are identified, and determine how conflict and
-crisis related to blockchain technology—and blockchain-enabled forms of
-organization and interactions—can be handled.
-
-
-
Date
-
2021
-
-
-
Extra
-
DOI: 10.1007/978-3-030-54414-0_2
-
-
-
ISBN
-
978-3-030-54414-0
-
-
-
Pages
-
21–33
-
-
-
Series Number
-
x
-
-
-
Book Title
-
Building Decentralized Trust
-
-
-
Date Added
-
02/03/2022, 08:20:46
-
-
-
Modified
-
02/03/2022, 08:20:46
-
-
-
Tags:
-
-
PROCESSED
-
POLITICS_GOVERNANCE
-
-
-
-
-
-
Blockchain Identities: Notational Technologies for Control and Management of Abstracted Entities
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Quinn Dupont
-
-
-
Abstract
-
This paper argues that many so-called digital technologies can
- be construed as notational technologies, explored through the example
-of Monegraph, an art and digital asset management platform built on top
-of the blockchain system originally developed for the cryptocurrency
-bitcoin. As the paper characterizes it, a notational technology is the
-performance of syntactic notation within a field of reference, a
-technologized version of what Nelson Goodman called a “notational
-system.” Notational technologies produce abstracted entities through
-positive and reliable, or constitutive, tests of socially acceptable
-meaning. Accordingly, this account deviates from typical narratives of
-blockchains (usually characterized as Turing or state machines), instead
- demonstrating that blockchain technologies are effective at managing
-digital assets because they produce abstracted identities through the
-performance of notation. Since notational technologies rely on
-configurations of socially acceptable meaning, this paper also provides a
- philosophical account of how blockchain technologies are socially
-embedded.
"Blockchain is not only crappy technology but a bad vision for
-the future. Its failure to achieve adoption to date is because systems
-built on trust, norms, and institutions inherently function better than
-the type of no-need-for-trusted-parties systems blockchain envisions.
-That’s permanent: no matter how much blockchain improves it is still
-headed in the wrong direction."
-
-
-
Part of Kai Stinchcombe series that discusses whether blockchain
- can solve various real world use-cases better than traditional
-technologies
-
-
-
Attachments
-
-
Snapshot
-
-
-
-
-
-
Blockchain Machines, Earth Beings and the Labour of Trust
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Larry Lohmann
-
-
-
Abstract
-
The last decade's developments in computation are major topics
- of debate among business, policymakers, and social movements alike.
-Blockchain, Bitcoin, smart contracts, the Internet of Things, machine
-translation, image recognition, the Earth Bank of Codes-all are
-understood to be not only business opportunities but also political and
-environmental issues. Seldom mentioned, however, is the extent to which
-these innovations are part of an ecological history that goes back to
-the early 19 th century and before. A strategic understanding their
-dynamics and contradictions requires looking again at long-standing
-pictures of labour, mechanization, commons, and capital accumulation.
-Different ways of thinking about Marx's categories of living and dead
-labour inspired by the work of the later Wittgenstein can help. 1
-
-
-
Date
-
2019
-
-
-
Publication
-
The Corner House
-
-
-
Issue
-
May
-
-
-
Date Added
-
02/03/2022, 08:20:07
-
-
-
Modified
-
02/03/2022, 08:20:07
-
-
-
Tags:
-
-
PROCESSED
-
MY_GS
-
TRUST
-
-
-
-
-
-
Blockchain Matters—Lex Cryptographia and the Displacement of Legal Symbolics and Imaginaries
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Katrin Becker
-
-
-
Abstract
-
This article focusses on the social and legal implications
-that blockchain technology brings about, not only due to its ideological
- framework, but also, and especially, due to the concept of law it
-inaugurates. Thus, this article claims, that, by interlocking
-technological and legal structures, blockchain technology initiates a
-profound displacement of legal symbolics and imaginaries. It shows how
-blockchain law, by emancipating itself from three essential dimensions
-of law—language, territory, and the body—implies a profound disruption
-of how we perceive law and its legitimacy. Starting with an overview of
-the technological details of blockchain, the paper then addresses its
-ideological context and traces the underlying ideas, values and
-functions and their relation with—and impact on—the general perception
-of law and legal issues. By critically assessing the claim that
-blockchain will liberate the subject from any heteronymic constraints,
-this paper analyses to what extent this technology has social and legal
-implications that reach far beyond its virtual, purely
-blockchain-related scope of applications—and why this technology should
-matter to us all.
Blockchain Networks as Constitutional and Competitive Polycentric Orders
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Eric Alston
-
-
-
Author
-
Wilson Law
-
-
-
Author
-
Ilia Murtazashvili
-
-
-
Author
-
Martin B. H. Weiss
-
-
-
Abstract
-
Institutional economists have analyzed permissionless
-blockchains as a novel institutional building block for voluntary
-economic exchange and distributed governance, with their unique protocol
- features such as automated contract execution, high levels of network
-and process transparency, and uniquely distributed governance. But such
-institutional analysis needs to be complemented by polycentric analysis
-of how blockchains change. We characterize such change as resulting from
- internal sources and external sources. Internal sources include
-constitutional (protocol) design and collective-choice processes for
-updating protocols, which help coordinate network participants and
-users. External sources include competitive pressure from other
-cryptocurrency networks. By studying two leading networks, Bitcoin and
-Ethereum, we illustrate how conceptualizing blockchains as competing and
- constitutional polycentric enterprises clarifies their processes of
-change.
"In Blockchain Regulation and Governance in Europe, Michèle
-Finck examines the relationship between blockchain technology and EU law
- and introduces the theme of blockchain governance. The book provides a
-general introduction to blockchains as both a regulatable and a
-regulatory technology and outlines the interaction between Distributed
-Ledger Technology and specific areas of EU law, such as the General Data
- Protection Regulation. It should be read by anyone interested in EU
-law, the relationship between law, innovation and technology, and
-technology governance"
-
-
-
Date
-
2018
-
-
-
Extra
-
Publication Title: Blockchain Regulation and Governance in Europe
-DOI: 10.1017/9781108609708
-
-
-
Publisher
-
Cambridge University Press
-
-
-
Date Added
-
02/03/2022, 08:22:21
-
-
-
Modified
-
02/03/2022, 08:22:21
-
-
-
Tags:
-
-
PROCESSED
-
REGULATION
-
-
-
-
-
-
Blockchain Smart Contracts: A Socio-Legal Approach
Initial coin offerings are a new way for blockchain startups
-to finance project development by issuing coins or tokens in exchange
-for fiat money or Bitcoin or other cryptocurrencies. In this article, we
- start from the current distinction between different types of tokens
-and argue that it can create confusion and should be at least partially
-abandoned. We believe that the conceptual difference between a currency
-token and a tradable utility token is just the dimension of the crypto
-environment in which the token is spent. More specifically, ‘utility
-tokens' combine the customer payment mechanism with the utility
-component and, when tradable on a secondary market, the investment one.
-We argue that they blur the traditional distinctions between currencies,
- financial assets and consumption goods. Moreover, we stress the
-increasing importance of online crypto exchanges. Recently some
-exchanges have also taken up the role of trusted intermediaries and
-staked their reputation on token offerings, which are termed initial
-exchange offerings and have gained in popularity. We therefore argue
-that the crypto market increasingly looks like a segment of the capital
-market and behaves as such. Given that tokens have a clear investment
-component, we show that they are tradable securities under the
-Prospectus Regulation. We compare the European securities regulation
-with its US counterpart and focus on prospectus exemptions, highlighting
- the great differences between Europe and the US which make Europe less
-amicable to blockchain startups.
Blockchain study finds 0.00% success rate and vendors don’t call back when asked for evidence
-
-
-
Type
-
Journal Article
-
-
-
Author
-
A Orlowski
-
-
-
Date
-
2018
-
-
-
Publication
-
The Register
-
-
-
Date Added
-
21/02/2022, 13:52:14
-
-
-
Modified
-
21/02/2022, 13:52:14
-
-
-
-
-
-
-
Blockchain Technology as an Institution of Property
-
-
-
Type
-
Journal Article
-
-
-
Author
-
G. Ishmaev
-
-
-
Abstract
-
This paper argues that the practical implementation of
-blockchain technology can be considered an institution of property
-similar to legal institutions. Invoking Penner's theory of property and
-Hegel's system of property rights, and using the example of bitcoin, it
-is possible to demonstrate that blockchain effectively implements all
-necessary and sufficient criteria for property without reliance on legal
- means. Blockchains eliminate the need for a third-party authority to
-enforce exclusion rights, and provide a system of universal access to
-knowledge and discoverability about the property rights of all
-participants and how the system functions. The implications of these
-findings are that traditional property relations in society could be
-replaced by or supplemented with blockchain models, and implemented in
-new domains.
Blockchain technology as the digital enabler to scale up renewable energy communities and cooperatives in Spain
-
-
-
Type
-
Thesis
-
-
-
Author
-
Alice Zannini
-
-
-
Abstract
-
Universiteit Utrecht
-
-
-
Date
-
2020
-
-
-
# of Pages
-
1–91
-
-
-
Type
-
PhD Thesis
-
-
-
Date Added
-
02/03/2022, 08:24:30
-
-
-
Modified
-
02/03/2022, 08:24:30
-
-
-
Tags:
-
-
_LATEST
-
ENERGY
-
ENERGY_GRIDS
-
-
-
-
-
-
Blockchain Technology: Toward a Decentralized Governance of Digital Platforms?
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Primavera De Filippi
-
-
-
Author
-
Xavier Lavayssière
-
-
-
Abstract
-
Despite its promise to establish a more decentralized society
-with a novel economic order, 5 many of the blockchain-based networks or
-applications implemented thus far ultimately rely on market dynamics and
- economic incentives for distributed coordination. Indeed \ldots
The Great Awakening: New Modes of Life amidst Capitalist Ruins, Punctum Book
-
-
-
Date Added
-
02/03/2022, 08:20:46
-
-
-
Modified
-
02/03/2022, 08:20:46
-
-
-
Tags:
-
-
PROCESSED
-
POLITICS_GOVERNANCE
-
-
-
-
-
-
Blockchain utopia and its governance shortfalls
-
-
-
Type
-
Book Section
-
-
-
Author
-
Uta Kohl
-
-
-
Date
-
2021
-
-
-
Publisher
-
Edward Elgar Publishing
-
-
-
Book Title
-
Blockchain and Public Law
-
-
-
Date Added
-
03/03/2022, 09:08:25
-
-
-
Modified
-
03/03/2022, 09:08:25
-
-
-
-
-
-
-
Blockchain-based Systems Are Not What They Say They Are
-
-
-
Type
-
Blog Post
-
-
-
Author
-
Molly White
-
-
-
Abstract
-
If you go out seeking to learn why blockchains and the systems
- built atop them are apparently the future of our web, you’ll begin to
-see some common themes. These fall apart under further scrutiny.
Blockchain, Disintermediation and the Future of the Legal Professions
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Paola Heudebert
-
-
-
Author
-
Claire Leveneur
-
-
-
Abstract
-
Will the 2020s herald the death warrant of the legal
-professions? If we listen to blockchain technology's most devout
-advocates, the answer is a resounding yes. Blockchain is often
-proclaimed as the ultimate tool for allowing unrestrained exchanges
-between contracting parties with no preexisting relationships, and thus
-suppressing the need for intermediaries. In other words, blockchain
-could be a “trust machine,” which could open up the possibility of
-conducting transactions in full confidence, without the risk of
-non-performance or misguidance. However, it is utopian idealism to
-assume that blockchain technology could enable pure and total
-disintermediation. All trusted third parties cannot disappear in one
-fell swoop - especially legal professions. This Article problematizes
-blockchain's apparent objective of disintermediation and argues that, in
- reality, blockchain leads to a form of reintermediation. Of course, the
- role of the legal professions in the face of the advance blockchain
-technology is inextricable to the role of the law in blockchain. While
-advocates have detailed the diminishing role of law and regulation in
-the application of blockchain technology, we adopt a comparison of the
-French and the American jurisdiction's to blockchain technology, to
-demonstrate that, in fact, the law cannot be extricated from
-blockchain's advance. This Article explores a new angle on blockchain's
-place in the legal professions and offers new perspectives for lawyers
-to anticipate a future defined by “known unknowns,” and the “unknown
-unknowns” of blockchain technology .
Blockchain, GDPR, and fantasies of data sovereignty
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Robert Herian
-
-
-
Abstract
-
Like the European Union's General Data Protection Regulation
-(GDPR), the broader, mainstream emergence of blockchain technology in
-the present moment of, what I call, data dysphoria is no accident. It is
- in part reaction to data dysphoria, and in part exploitation of it, a
-duality underpinned by the tantalising promise of the prosumer ‘taking
-control' of their data and establishing sovereignty over it. Blockchain
-and GDPR alike aim to resolve ‘problem'/'solution' matrices with deep
-roots in a wide variety of global economic, political, social, legal and
- cultural contexts. This article explores the problem of achieving
-resolution based on innovation and technology by offering an account of
-the rise of blockchain and implementation of GDPR within a
-psycho-political framework, one in which fantasies of taking control are
- predominant yet highly contestable actualities in the lives of
-technology users.
Blockchain, or, Peer Production Without Guarantees
-
-
-
Type
-
Book Section
-
-
-
Author
-
Pablo Velasco González
-
-
-
Author
-
Nathaniel Tkacz
-
-
-
Abstract
-
Summary Blockchains are aggregated and distributed databases:
-shared, chained, and immutable registries that conflate the production
-of digital tokens with their circulation. At their most basic level,
-they are technologies for keeping account, or records, of some form of
-activity, hence they are part of a long lineage of storing data, from
-clay tablets to bookkeeping. On a technical level, blockchains are
-peer-to-peer (P2P) structures for distributing and storing data. This
-chapter begins with a historical consideration of the emergence of peer
-production, including a reevaluation of the work of Yochai Benkler. It
-shows that peer production was given coherence as a model of production
-by being contrasted with two other modes (hierarchies and markets) and
-through the lens of Benkler's economic liberalism. The chapter
-distinguishes between four moments or aspects of blockchain initiatives
-that configure peers in different ways: peer production, peer
-development, peer governance, and peer exchange.
Blockchains and Bitcoin: Regulatory responses to cryptocurrencies
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Andres Guadamuz
-
-
-
Author
-
Chris Marsden
-
-
-
Abstract
-
This paper examines Bitcoin from a legal and regulatory
-perspective, answering several important questions. We begin by
-explaining what Bitcoin is, and why it matters. We describe problems
-with Bitcoin as a method of implementing a cryptocurrency. This
-introduction to cryptocurrencies allows us eventually to ask the
-inevitable question: Is it legal? What are the regulatory responses to
-the currency? Can it be regulated? We make clear why virtual currencies
-are of interest, how self-regulation has failed, and what useful lessons
- can be learned. Finally, we produce useful and semi-permanent findings
-into the usefulness of virtual currencies in general, blockchains as a
-means of mining currency, and the profundity of Bitcoin as compared with
- the development of block chain technologies. We conclude that though
-Bitcoin may be the equivalent of Second Life a decade later, so
-blockchains may be the equivalent of Web 2.0 social networks, a truly
-transformative social technology.
Blockchains and Cryptocurrencies: Burn It With Fire
-
-
-
Type
-
Video Recording
-
-
-
Director
-
Nicholas Weaver
-
-
-
Abstract
-
The entire cryptocurrency and blockchain ecology is rife with
-frauds, criminalities, and tulip-mania style hype and needs to be
-properly disposed of into the...
Nicholas Weaver is a staff researcher with the International
-Computer Science Institute (ICSI) and lecturer in EECS, where he teaches
- machine structures and computer security. He earned his Ph.D. in
-computer science from Berkeley in 2003 and joined ICSI to study network
-security and measurement. "The entire cryptocurrency and blockchain
-ecology is rife with frauds, criminalities, and tulip-mania style hype
-and needs to be properly disposed of into the ashes of history. A
-“blockchain” is just a horribly inefficient append-only file which costs
- a literal fortune to secure without actually providing meaningful
-distributed trust, while cryptocurrencies are provably inferior than
-actual currencies for legal real world transactions. Beyond the sheer
-uselessness have emerged a whole host of bad ideas, ranging from the
-“put a bird^H^H^H^H blockchain on it” hype to unregistered (and mostly
-fraudulent) securities with “Initial Coin Offerings” to an invitation
-for massive theft in the form of “smart” contracts."
-
-
-
Attachments
-
-
Snapshot
-
-
-
-
-
-
Blockchains, trust and action nets: extending the pathologies of financial globalization
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Malcolm Campbell-Verduyn
-
-
-
Author
-
Marcel Goguen
-
-
-
Abstract
-
Blockchains combine digital encryption and time stamping
-technologies to enable digital exchange to occur in manners celebrated
-by proponents as ‘trust-free'. Yet, an increasing range of scholars
-argue that actual applications of the peer-to-peer technology shifts,
-rather than eliminates, trust. In this article, we draw on
-organizational theory to argue that efforts to remove trust reorganize
-the action nets that underpin payment systems in manners that extend
-rather than eliminate longstanding pathologies afflicting financial
-globalization. Our analysis supports and extends the critiques that
-blockchain applications are far from ‘trust-free'. By tracing how
-efforts to reconfigure the socio-technical composition of the humans and
- objects that underpin payment systems, we illustrate how blockchain
-applications shift the location and character of the technical
-vulnerabilities that create market instabilities and concentration, as
-well as elite-led governance.
Broad-Based Stakeholder Ownership in Journalism: Co-ops, ESOPs, Blockchains
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Nathan Schneider
-
-
-
Abstract
-
This article presents a survey of broad-based
-stakeholder-ownership models for journalism. The models considered are
-forms of ownership by employees, associations, audiences, and blends of
-these. Some of the examples are so new that they have not been, and
-cannot yet be, comprehensively studied. Yet they bear unique promise for
- addressing the dual challenges of economic sustainability and perceived
- accountability that bedevil news media today. Such promise, however,
-does not guarantee success. While broad-based stakeholder ownership in
-the news business shows capacity for public accountability, as well as
-some promise for business sustainability, it is ill-equipped to compete
-in markets organized to favor investor-owners with far greater capital
-access. Such ownership models, therefore, will likely require additional
- policy support to gain and maintain significant market share.
-
-
-
Date
-
2021
-
-
-
Extra
-
Publisher: Michigan Publishing, University of Michigan Library
Bubbles, rational expectations and financial markets
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Olivier J Blanchard
-
-
-
Author
-
Mark W Watson
-
-
-
Date
-
1982
-
-
-
Publication
-
NBER working paper
-
-
-
Issue
-
w0945
-
-
-
Date Added
-
21/02/2022, 13:52:15
-
-
-
Modified
-
21/02/2022, 13:52:15
-
-
-
-
-
-
-
Building trust and equity in marine conservation and fisheries supply chain management with blockchain
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Peter Howson
-
-
-
Abstract
-
This commentary explores how blockchain technology is being
-leveraged to improve marine conservation and fisheries supply chain
-management globally. In doing so, the paper considers the technical and
-political challenges of building trust and equity for various
-stakeholders. A blockchain is a smart electronic database, distributed
-to all users, immutably tracking every transaction that has ever taken
-place on the network. The blockchain is very difficult to hack, with no
-single point of authority to make mistakes and collapse the system.
-Automated consensus protocols enable data transmitted on the network to
-be verified and stored immutably, minimising the risk of data corruption
- to near-zero. Blockchain is being increasingly hyped for a range of
-services and industries, including transparent resourcing for marine
-conservation, reducing pollution from plastics, reducing slavery at sea,
- and sustainable fisheries management. Public distrust in some
-conservation operations, as well as in the provenance of seafood, is
-growing. Although some global marine conservation organisations and
-seafood producers have found practical solutions in disruptive
-technologies like blockchain, riding this wave will only prove
-worthwhile if coastal communities and artisanal fishers are on board and
- stand a chance of landing a fair share of the benefits.
The Johns Hopkins Institute for Applied Economics, Global Health, and the …
-
-
-
Date Added
-
03/03/2022, 09:01:47
-
-
-
Modified
-
03/03/2022, 09:01:47
-
-
-
-
-
-
-
Bullshit jobs: the rise of pointless work, and what we can do about it
-
-
-
Type
-
Journal Article
-
-
-
Author
-
David Graeber
-
-
-
Date
-
2019
-
-
-
Extra
-
Publisher: Penguin
-
-
-
Date Added
-
21/02/2022, 13:52:16
-
-
-
Modified
-
21/02/2022, 13:52:16
-
-
-
-
-
-
-
Bureaucracy, Blockocracy and Power
-
-
-
Type
-
Manuscript
-
-
-
Author
-
Donncha Kavanagh
-
-
-
Author
-
P J Ennis
-
-
-
Abstract
-
Algorithmic authority is a distinctive and novel mode of
-domination. Akin to other modes described by Weber, it has associated
-organisational forms. This paper identifies and analyses one such form,
-blockocracy, which occurs in the context of blockchain-based
-cryptocurrencies. Taking a processual approach, we describe how
-blockocracy emerged historically out of an anti-bureaucracy ideology, a
-control revolution, a recognition that computer code can regulate
-conduct, and the increasing adoption of algorithms. Taking a shorter
-time-horizon, we identify four layers of algorithmic authority, and,
-focusing on the blockchain layer, we distinguish between off-chain and
-on-chain governance, with the latter having two types of off-chain
-rules. While the fashionable rhetoric is that the blockchain is
-immutable, we see the blockchain as a dynamic quasi-object, defining and
- mutating identities and possibilities. We conclude the paper by
-comparing blockocracy with Weber's depiction of bureaucracy.
Emergence of the Energy Internet (EI) demands restructuring of
- traditional electricity grids to integrate heterogeneous energy
-sources, distribution network management with grid intelligence and big
-data management. This paradigm shift is considered to be a breakthrough
-in the energy industry towards facilitating autonomous and decentralized
- grid operations while maximizing the utilization of Distributed
-Generation (DG). Blockchain has been identified as a disruptive
-technology enabler for the realization of EI to facilitate reliable,
-self-operated energy delivery. In this paper, we highlight six key
-directions towards utilizing blockchain capabilities to realize the
-envisaged EI. We elaborate the challenges in each direction and
-highlight the role of blockchain in addressing them. Furthermore, we
-summarize the future research directive in achieving fully autonomous
-and decentralized electricity distribution networks, which will be known
- as Energy Internet.
Can Global Elites Pave the Way for a New Transnational Unit of Account? A Reflection on the Numerical Nature of Money
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Marc Pilkington
-
-
-
Abstract
-
In this paper, we investigate the issue of the Dollar-based
-international monetary system. We start by listing the reasons why money
- has essentially become a numerical form in the contemporary world
-economy. After reviewing the salient characteristics of the flawed
-international monetary and financial architecture of the world economy,
-we assess whether a transnational unit of account could constitute a
-viable political alternative to the current international payments
-system. The latter scenario is envisaged both with regard to the field
-of international relations, and with the help of a revisited definition
-of the transnational capitalist class. Finally, we conclude.
CeFi vs. DeFi – Comparing Centralized to Decentralized Finance
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Kaihua Qin
-
-
-
Author
-
Liyi Zhou
-
-
-
Author
-
Yaroslav Afonin
-
-
-
Author
-
Ludovico Lazzaretti
-
-
-
Author
-
Arthur Gervais
-
-
-
Abstract
-
To non-experts, the traditional Centralized Finance (CeFi)
-ecosystem may seem obscure, because users are typically not aware of the
- underlying rules or agreements of financial assets and products.
-Decentralized Finance (DeFi), however, is making its debut as an
-ecosystem claiming to offer transparency and control, which are
-partially attributable to the underlying integrity-protected blockchain,
- as well as currently higher financial asset yields than CeFi. Yet, the
-boundaries between CeFi and DeFi may not be always so clear cut. In this
- work, we systematically analyze the differences between CeFi and DeFi,
-covering legal, economic, security, privacy and market manipulation. We
-provide a structured methodology to differentiate between a CeFi and a
-DeFi service. Our findings show that certain DeFi assets (such as USDC
-or USDT stablecoins) do not necessarily classify as DeFi assets, and may
- endanger the economic security of intertwined DeFi protocols. We
-conclude this work with the exploration of possible synergies between
-CeFi and DeFi.
Centralized Governance in Decentralized Finance (DeFi): A Case Study of MakerDAO
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Xiaotong Sun
-
-
-
Abstract
-
Based on Ethereum blockchain, Decentralized Autonomous
-Organization (DAO) provides a possible solution to decentralized
-governance, and many Decentralized Finance (DeFi) applications adopt the
- novel governance mechanism. However, by analyzing governance in Maker
-protocol, we find that centralized governance still exists. Measurements
- are established in three categories, namely voting participation,
-centralized voting power, and efficiency of decision-making.
-Furthermore, governance centralization has influence on both Maker
-protocol and Ethereum blockchain, and the results imply that DeFi
-investors are faced with a trade-off between efficiency and
-decentralization.
Challenges and Approaches to Scaling the Global Commons
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Felix Fritsch
-
-
-
Author
-
Jeff Emmett
-
-
-
Author
-
Emaline Friedman
-
-
-
Author
-
Rok Kranjc
-
-
-
Author
-
Sarah Manski
-
-
-
Author
-
Michael Zargham
-
-
-
Author
-
Michel Bauwens
-
-
-
Abstract
-
The re-emergence of commoning over the last decades is not
-incidental, but rather indicative of a large-scale transition to a more
-“generative” organization of society that is oriented toward the
-planet's global carrying capacity. Digital commons governance frameworks
- are of particular importance for a new global paradigm of cooperation,
-one that can scale the organization of communities around common goals
-and resources to unprecedented levels of size, complexity and
-granularity. Distributed Ledger Technologies (DLTs) such as blockchain
-have lately given new impetus to the emergence of a new generation of
-authentic “sharing economy,” protected from capture by thorough
-distribution of power over infrastructure, that spans not only digital
-but also physical production of common value. The exploration of the
-frontiers of DLT-based commoning at the heart of this article considers
-three exemplary cases for this new generation of commons-oriented
-community frameworks: the Commons Stack, Holochain and the Commons
-Engine, and the Economic Space Agency. While these projects differ in
-their scope as well as in their relation to physical common-pool
-resources (CPRs), they all share the task of redefining markets so as to
- be more conducive to the production and sustainment of common value(s).
- After introducing each of them with regards to their specificities and
-commonalities, we analyze their capacity to foster commons-oriented
-economies and “money for the commons” that limit speculation, emphasize
-use-value over exchange-value, favor equity in human relations, and
-promote responsibility for the preservation of natural habitats. Our
-findings highlight the strengths of DLTs for a federated scaling of CPR
-governance frameworks that accommodates rather than obliterates cultural
- differences and creates webs of fractal belonging among nested
-communities.
Challenges of the market for initial coin offerings
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Pablo de Andrés
-
-
-
Author
-
David Arroyo
-
-
-
Author
-
Ricardo Correia
-
-
-
Author
-
Alvaro Rezola
-
-
-
Abstract
-
This article analyzes the main problems and the solutions
-adopted in the market for Initial Coin Offerings (ICO), to anticipate
-the future of this market and determine implications for issuers,
-investors and regulators. ICOs represent an alternative and innovative
-financing solution that has experienced spectacular growth and notoriety
- in recent years. ICOs rely on Blockchain protocols and the ICO market
-is, therefore, characterized as decentralized, disintermediated and
-unregulated. Our results show that although the ICO market is
-innovative, it already displays many of the problems of traditional
-financial markets, and that these problems were at the genesis of the
-last financial crisis. Our analysis of the problems and solutions
-adopted shows a tension between what the Blockchain technology offers,
-and the problems associated with the financing of innovation.
-Considering the problems and solutions adopted, we no longer expect the
-ICO market to be characterized as disintermediated, unregulated or even
-decentralized in the near future. Furthermore, it is a real possibility
-that ICOs may end up being a progressor model eventually replaced by
-similar but more specialized financing models, some of which may already
- exist. With respect to the particular solutions of the ICO market,
-while some represent the realization of the potential of Blockchain,
-others such as forks have important Governance implications with the
-potential to create as many problems as the ones they address.
Chaos and hackers stalk investors on cryptocurrency exchanges
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Steve Stecklow
-
-
-
Author
-
Alexandra Harney
-
-
-
Author
-
Anna Irrera
-
-
-
Author
-
Jemima Kelly
-
-
-
Date
-
2017
-
-
-
Volume
-
29
-
-
-
Publication
-
Reuters, September
-
-
-
Date Added
-
21/02/2022, 13:52:13
-
-
-
Modified
-
21/02/2022, 13:52:13
-
-
-
-
-
-
-
Climate Crises and Crypto-Colonialism: Conjuring Value on the Blockchain Frontiers of the Global South
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Peter Howson
-
-
-
Abstract
-
In this commentary we explore how international development,
-disaster relief and climate change mitigation credentials are being
-called upon to justify ‘crypto-colonialism', whereby blockchain
-technology is used to extract economic benefits from those suffering the
- scars of colonial expansionism in the Global South. These benefits
-include land, labour and resources needed to facilitate local
-‘crypto-utopian' developments, or a ‘green economy' elsewhere. As with
-past neoliberal development agendas imposing structural economic
-reforms, the contemporary crypto-colonial exercises discussed here are
-driven in pursuit of a common good – to protect the global commons and
-improve people's lives. Within spaces where crypto-colonialism
-manifests, the governance frameworks of the associated technology is
-heavily entangled with social-spatial relations in multiple ways. We
-argue that despite being distributed, techno-ecological fixes are never
-placeless. How people engage with, resist or reconfigure a
-crypto-economy is geographically contingent. This commentary argues for
-more situated critical analysis of actually existing case-studies to
-reveal the inequitable terrain of project benefit distributions, and to
-expose the likely winners and losers within each. The success or failure
- of use-cases is less dependent on technical viability, but rather
-mediated through reactions to colonial contexts and historical
-experiences of various economic and climate crises.
Abstract The supposed disruptive and transformational
-potential of blockchain technology has received widespread attention in
-the media, from legislators, and from academics across disciplines.
-While much of this attention has revolved around cryptocurrencies such
-as Bitcoin, many see the true promise of blockchain technology in its
-potential use for transactions in traditional assets, as well as for
-facilitating self-executing ‘smart contracts', which replace vague and
-imprecise natural language with unambiguous computer code. This article
-presents a simple legal argument against the feasibility of a meaningful
- blockchain-based economic system. Blockchain-based systems are shown to
- be unsuitable for transactions in traditional assets, unless design
-choices are made which render the use of the technology pointless. The
-same argument is shown to apply to smart contracts. Legal and practical
-obstacles therefore mean that, outside its original realm of
-cryptocurrencies, blockchain technology is highly unlikely to transform
-economic interactions in the real world.
Code is code and law is law - The law of digitalization and the digitalization of law
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Jan Oster
-
-
-
Abstract
-
The article argues for a sharp analytical distinction between
-the realms of technology and of law. The question to what extent the law
- 'can' be digitalized relates to technology, whereas the question to
-what extent it 'may' be digitalized falls within the realm of the law.
-Against this backdrop, it is argued that digital technology does not
-challenge the law fundamentally. Instead, the crucial questions on the
-relationship between law and digitalization lie in the details. The
-article raises those questions and provides an analytical framework for
-the law of digitalization and the digitalization of law.
-
-
-
Date
-
2021
-
-
-
Extra
-
Publisher: Oxford University Press
-
-
-
Volume
-
29
-
-
-
Pages
-
101–117
-
-
-
Publication
-
International Journal of Law and Information Technology
Community currencies: Small change for a green economy
-
-
-
Type
-
Journal Article
-
-
-
Author
-
G. Seyfang
-
-
-
Abstract
-
The author critically evaluates the impact and potential of a
-community currency-or local money system-known as the 'local exchange
-trading scheme' (LETS), to contribute to sustainable local development
-(SLD). Two distinct and contrasting models for sustainable development
-are described: a mainstream approach, focused on local regeneration
-[termed here the 'local economic development' (LED) approach]; and a
-radical 'green' or 'new economics' strategy (referred to as 'sustainable
- local development' or SLD). In the elaboration of these models the
-functions of community currencies within each perspective are outlined,
-and the basis for an evaluate framework is provided. Most previous
-analysis of LETS has used a broadly LED perspective; this paper focuses
-on an evaluation for SLD, as this has not previously been
-comprehensively done. For SLD, community currencies should enable people
- to: meet local needs through informal employment; revalue and redefine
-'work'; promote localisation and self-reliance; shift consumption
-patterns towards sharing, recycling, reuse, and reducing resource use;
-and build green social networks. Findings from a case-study LETS
-indicate that this community currency is successful in allowing
-participants to make small changes in their lifestyles, consumption, and
- employment patterns towards SLD, but there are limitations of size,
-scope, funding and management to be overcome before this could be
-achieved more effectively with LETS. However, following the LED-relevant
- prescriptions for upscaling and mainstreaming would undermine the
-qualities which align LETS with SLD perspective, and this highlights the
- importance of choosing appropriate evaluative frameworks, particularly
-when appraising sustainable-development initiatives.
Community Energy Groups: Can They Shield Consumers from the Risks of Using Blockchain for Peer-to-Peer Energy Trading?
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Alexandra Schneiders
-
-
-
Author
-
David Shipworth
-
-
-
Abstract
-
Peer-to-peer (P2P) energy trading is emerging as a new
-mechanism for settling the exchange of energy between renewable energy
-generators and consumers. P2P provides a mechanism for local balancing
-when it is facilitated through distributed ledgers (‘blockchains').
-Energy communities across Europe have uncovered the potential of this
-technology and are currently running pilots to test its applicability in
- P2P energy trading. The aim of this paper is to assess, using legal
-literature and legislation, whether the legal forms available to energy
-communities in the United Kingdom (UK) can help resolve some of the
-uncertainties around the individual use of blockchain for P2P energy
-trading. This includes the legal recognition of ‘prosumers', the
-protection of their personal data, as well as the validity of ‘smart
-contracts' programmed to trade energy on the blockchain network. The
-analysis has shown that legal entities, such as Limited Liability
-Partnerships and Co-operative Societies, can play a crucial role in
-providing the necessary framework to protect consumers engaging in these
- transactions. This is particularly the case for co-operatives, given
-that they can hold members liable for not respecting the rules set out
-in their (compulsory) governing document. These findings are relevant to
- other European countries, where the energy co-operative model is also
-used.
Conjuring a Cooler World? Blockchains, Imaginaries and the Legitimacy of Climate Governance
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Malcolm Campbell-Verduyn
-
-
-
Abstract
-
Meeting on the second anniversary of the Paris Agreement
-signing in 2017, the United Nations Climate Change Secretariat founded
-the Climate Chain Coalition (CCC). Backed by a number of
-multi-stakeholder groups like the Blockchain for Climate Foundation, the
- Ottawa-based CCC promotes the 'blockchainization' of the Paris
-Agreement. What kind of 'cooler' world do blockchain-based climate
-governance projects conjure? This paper scrutinizes the shared visions
-materializing across climate finance experiments, locating them largely
-within existing individualistic imaginaries rather than more
-collectivistic alternatives. It finds the imaginaries of 'cool'
-technological experimentation to fall short in materializing broader
-input and more effective output required to overcome the legitimacy
-crisis facing market-led climate governance.
Connecting the grids: A review of blockchain governance in distributed energy transitions
-
-
-
Type
-
Journal Article
-
-
-
Author
-
A. Diaz Valdivia
-
-
-
Author
-
M. Poblet Balcell
-
-
-
Abstract
-
Critical effects of global climate change urgently call for
-socio-technical transitions towards more efficient, flexible and cleaner
- energy systems. However, adequate regulatory frameworks and policy
-incentives are lagging behind. This paper focuses on the governance
-dynamics shaping technology-enabled transitions towards distributed
-energy systems. The purpose of this review is to assess the potential
-role of blockchain technology in enhancing the governance of
-sociotechnical energy transitions. For this, the paper reviews: (1) the
-governance arrangements shaping distributed energy transitions, (2) the
-emergence of blockchain-based solutions in the energy sector (focusing
-on P2P energy trading platforms) and, (3) the role of the blockchain in
-overcoming the governance limitations of distributed energy transitions.
- The study addresses emerging but interrelated niches of academic study
-from an integral conceptualization and synthesis of the literature.
-Rather than extensively covering these fields of research, the purpose
-is to connect these areas of academic knowledge and expand the
-theoretical understanding stemming from this convergence. The findings
-show the potential of blockchain-based governance to overcome
-institutional barriers related to trust-building and enhanced
-coordination for community-based energy transitions.
Constructive activism in the dark web: cryptomarkets and illicit drugs in the digital ‘demimonde'
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Alexia Maddox
-
-
-
Author
-
Monica J. Barratt
-
-
-
Author
-
Matthew Allen
-
-
-
Author
-
Simon Lenton
-
-
-
Abstract
-
This paper explores activism enacted through Silk Road, a now
-defunct cryptomarket where illicit drugs were sold in the dark web.
-Drawing on a digital ethnography of Silk Road, we develop the notion of
-constructive activism to extend the lexicon of concepts available to
-discuss forms of online activism. Monitoring of the cryptomarket took
-place between June 2011 and its closure in October 2013. Just before and
- after the closure of the marketplace we conducted anonymous online
-interviews with 17 people who reported buying drugs on Silk Road (1.0).
-These interviews were conducted synchronously and interactively through
-encrypted instant messaging. Participants discussed harnessing and
-developing the technological tools needed to access Silk Road and engage
- within the Silk Road community. For participants Silk Road was not just
- a market for trading drugs: it facilitated a shared experience of
-personal freedom within a libertarian philosophical framework, where
-open discussions about stigmatized behaviours were encouraged and
-supported. Tensions between public activism against drug prohibition and
- the need to hide one's identity as a drug user from public scrutiny
-were partially resolved through community actions that internalized
-these politics, rather than engaging in forms of online activism that
-are intended to have real-world political effects. Most aptly described
-through van de Sande's (2015) concept of prefigurative politics, they
-sought to transform their values into built environments that were
-designed to socially engineer a more permissive digital reality, which
-we refer to as constructive activism.
Contract law 2.0: ‘Smart' contracts as the beginning of the end of classic contract law
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Alexander Savelyev
-
-
-
Abstract
-
The paper analyzes legal issues associated with the
-application of existing contract law provisions to so-called Smart
-contracts, defined in the paper as ‘agreements existing in the form of
-software code implemented on the Blockchain platform, which ensures the
-autonomy and self-executive nature of Smart contract terms based on a
-predetermined set of factors'. The paper consists of several sections.
-In the second section, the paper outlines the peculiarities of
-Blockchain technology, as currently implemented in Bitcoin
-cryptocurrency, which forms the core of Smart contracts. In the third
-section, the main characteristic features of Smart contracts are
-described. Finally, the paper outlines key tensions between classic
-contract law and Smart contracts. The concluding section sets the core
-question for analysis of the perspectives of implementation of this
-technology by governments: ‘How to align the powers of the government
-with Blockchain if there is no central authority but only distributed
-technologies'. The author suggests two solutions, neither of which is
-optimal: (1) providing the state authorities with the status of a
-Superuser with extra powers; and (2) relying on traditional remedies and
- enforcement practices, by pursuing specific individuals–parties to a
-Smart contract–in offline mode.
Smart contracts lie at the heart of blockchain technology.
-There are two principal problems, however, with existing smart
-contracts: First, the enforceability of smart contracts remains
-ambiguous. Second, smart contracts are limited in scope and capability
-barring more complex contracts from being executed via blockchain
-technology. Drawing from the existing literature on contracts and smart
-contracting, this Article suggests new approaches to address these two
-problems. First, it proposes a framework based on reliance-based
-contracting to analyze smart contracts. Second, the Article analyzes the
- seismic shifts in contractual disputes, and offers new insights into
-its features including decentralized decision-making, network-based
-dispute resolution, and extrajudicial enforcement of decisions. The
-Article concludes that users' reliance should be the basis for analysis
-of smart contracts and its associated dispute resolution mechanism.
Countering money laundering and terrorist financing: A case for bitcoin regulation
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Emily Fletcher
-
-
-
Author
-
Charles Larkin
-
-
-
Author
-
Shaen Corbet
-
-
-
Abstract
-
Bitcoin was created in 2008 to serve as an alternative payment
- mechanism for both the under-banked and un-banked, or those in regions
-where the formal financial system suffers from broad corruption and
-efficient regulation. However, criminals and terrorists quickly
-exploited Bitcoin's unique properties, namely its peer-to-peer nature
-and pseudo-anonymity, to facilitate extensive terrorist financing and
-money laundering schemes. Government reactions to safeguard national
-security interests have been extremely varied, ranging from outright
-bans to passive tolerance. This inconsistency stems from how to
-effectively classify Bitcoin. On one side are those who argue Bitcoin is
- a currency, and on the other are those who claim it is a type of asset.
- In the US alone, these discrepancies have led to a bureaucratic turf
-war between different regulatory bodies, namely the Financial Crimes
-Enforcement Network, the Commodity Futures Trading Association, the
-Securities and Exchange Commission, and the Internal Revenue Service.
-This study seeks to move beyond the existing legal frameworks, arguing
-that Bitcoin should be classified as a technology and regulation should
-rest with private sector technology companies.
Creation and resilience of decentralized brands: Bitcoin & the blockchain
-
-
-
Type
-
Thesis
-
-
-
Author
-
Syeda Mariam Humayun
-
-
-
Abstract
-
This dissertation is based on a longitudinal ethnographic and
-netnographic study of the Bitcoin and broader Blockchain community. The
-data is drawn from 38 in-depth interviews and 200+ informal interviews,
-plus archival news media sources, netnography, and participant
-observation conducted in multiple cities: Toronto, Amsterdam, Berlin,
-Miami, New York, Prague, San Francisco, Cancun, Boston/Cambridge, and
-Tokyo. Participation at Bitcoin/Blockchain conferences included:
-Consensus Conference New York, North American Bitcoin Conference,
-Satoshi Roundtable Cancun, MIT Business of Blockchain, and Scaling
-Bitcoin Tokyo. The research fieldwork was conducted between 2014-2018.
-The dissertation is structured as three papers: - Satoshi is Dead. Long
-Live Satoshi. The Curious Case of Bitcoin: This paper focuses on the
-myth of anonymity and how by remaining anonymous, Satoshi Nakamoto, was
-able to leave his creation open to widespread adoption. - Tracing the
-United Nodes of Bitcoin: This paper examines the intersection of
-religiosity, technology, and money in the Bitcoin community. - Our Brand
- Is Crisis: Creation and Resilience of Decentralized Brands Bitcoin
-& the Blockchain: Drawing on ecological resilience framework as a
-conceptual metaphor this paper maps how various stabilizing and
-destabilizing forces in the Bitcoin ecosystem helped in the evolution of
- a decentralized brand and promulgated more mainstreaming of the Bitcoin
- brand.
Credit Suisse defends controversial financial product at the center of the market turmoil
-
-
-
Type
-
Web Page
-
-
-
Author
-
Natasha Turak
-
-
-
Abstract
-
Credit Suisse is defending the VelocityShares Daily Inverse
-VIX Short-Term exchange-traded note, as experts question the logic
-behind such securities.
Crypto and empire: the contradictions of counter-surveillance advocacy
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Seda Gürses
-
-
-
Author
-
Arun Kundnani
-
-
-
Author
-
Joris Van Hoboken
-
-
-
Abstract
-
Since Edward Snowden's revelations of US and UK surveillance
-programs, privacy advocates, progressive security engineers, and policy
-makers have been seeking to win majority support for countering
-surveillance. The problem is framed as the replacement of targeted
-surveillance with mass surveillance programs, and the solutions put
-forward are predominantly technical and involve the use of encryption –
-or ‘crypto' – as a defense mechanism. The counter-surveillance movement
-is timely and deserves widespread support. However, as this article will
- argue and illustrate, raising the specter of an Orwellian system of
-mass surveillance, shifting the discussion to the technical domain, and
-couching that shift in economic terms undermine a political reading that
- would attend to the racial, gendered, classed, and colonial aspects of
-the surveillance programs. Our question is as follows: how can this
-specific discursive framing of counter-surveillance be re-politicized
-and broadened to enable a wider societal debate informed by the
-experiences of those subjected to targeted surveillance and associated
-state violence?
-
-
-
Date
-
2016
-
-
-
Extra
-
Publisher: SAGE Publications Sage UK: London, England
Crypto Asset Trading in Canada: Entering a New Era of Regulation
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Shaela W Rae
-
-
-
Author
-
Lorraine Mastersmith
-
-
-
Abstract
-
[...]the factors under consideration by the regulators in
-making these assessments include:55 * whether the platform is structured
- so that there is intended to be and is delivery of crypto assets to
-investors; * if there is delivery, when that occurs, and whether it is
-to an investor's wallet over which the platform does not have control or
- custody; * whether investors' crypto assets are pooled together with
-those of other investors and with the assets of the platform; * whether
-the platform or a related party holds or controls the investors' assets;
- * if the platform holds or stores assets for its participants, how the
-platform makes use of those assets; * whether the investor can trade, or
- rollover positions held by the platform, and having regard to the legal
- arrangements between the platform and its participants, the actual
-functions of the platform and the manner in which transactions occur on
-it; * who has control or custody of crypto assets; * who is the legal
-owner of such crypto assets; and * what rights investors will have in
-the event of the platform's insolvency. (b) The Proposed Regulatory
-Framework (i) Overview The proposed framework is based on the existing
-regulatory framework applicable to marketplaces in Canada. [...]it is
-worth noting that in instances where a platform does not take custody of
- digital-assets on behalf of its users, insurance may not even be
-necessary.145 The idea was also proposed to devise an insurance scheme
-similar to the CDIC, in which crypto asset platforms would be required
-to participate, with reasonable premiums and strict parameters.146 If
-not a long-term solution, this approach could nonetheless be useful in
-the short term to provide insurance to these platforms while the market
-for insurance adjusts to this industry. [...]the CDCC "is concerned that
- the Proposed Platform Framework may stifle these innovations, which are
- designed to protect personal information and reduce transaction costs,
-by imposing a traditional model of financial regulation onto Platforms.
-"158 Specific tools have yet to be developed, but the commentary
-suggests that all the pieces are there to build them. Because there are
-significant differences in the risks that exist between traditional and
-decentralized clearing, it was suggested that decentralized exchanges
-should be subject to KYC and AML compliance measures that appropriately
-reflect their business models.159 The CDCC recommends using new models
-for digital identity and digital transaction security that have the
-potential to dramatically enhance the security for these types of
-trades, rather than following the usual KYC and AML protocol.160
-Coincidentally, and as we are about to discuss, traditional KYC and AML
-protocol in Canada just went through an upgrade.
Crypto-giving and surveillance philanthropy: Exploring the trade-offs in blockchain innovation for nonprofits
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Peter Howson
-
-
-
Abstract
-
A blockchain is a smart electronic database, distributed to
-all users, immutably tracking every transaction that has ever taken
-place between nodes on a network. The technology is being used by some
-nonprofits to address various operational challenges, including
-attaching automated conditions to charitable donations facilitated by
-programmable “crypto-giving” platforms. Drawing from analysis of
-technical documents provided by active crypto-giving projects, this
-review considers how these platforms enable radical shifts in sectoral
-power relations through “surveillance philanthropy”. This algorithmic
-surveillance ensures project funding fully reflects the interests of
-donors, while potentially restricting nonprofits in meeting the dynamic
-and complex needs of project beneficiaries. The paper considers the
-benefit trade-offs from crypto-giving platforms in three areas of
-utilization: (a) new forms of donor engagement and fundraising, (b) new
-tools for organizational governance, and (c) novel provision of
-development assistance. Despite the possible efficiency and transparency
- benefits of crypto-giving platforms, more research and practitioner
-engagement is required to ensure the sector's funding is secure and
-sustainable, without entailing significant risks for proposed
-beneficiaries.
Cryptoassets: legal, regulatory, and monetary perspectives
-
-
-
Type
-
Book
-
-
-
Author
-
Chris Brummer
-
-
-
Date
-
2019
-
-
-
Publisher
-
Oxford University Press
-
-
-
Date Added
-
21/02/2022, 13:52:16
-
-
-
Modified
-
21/02/2022, 13:52:16
-
-
-
-
-
-
-
Cryptoassets: The innovative investor's guide to Bitcoin and beyond
-
-
-
Type
-
Book
-
-
-
Author
-
Chris Burniske
-
-
-
Author
-
Jack Tatar
-
-
-
Date
-
2017
-
-
-
Publisher
-
McGraw Hill Professional
-
-
-
Date Added
-
21/02/2022, 13:52:11
-
-
-
Modified
-
21/02/2022, 13:52:11
-
-
-
-
-
-
-
Cryptocarbon: The promises and pitfalls of forest protection on a blockchain
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Peter Howson
-
-
-
Author
-
Sarah Oakes
-
-
-
Author
-
Zachary Baynham-Herd
-
-
-
Author
-
Jon Swords
-
-
-
Abstract
-
In this commentary, we explore how blockchain is being
-leveraged to address the fundamental problems with market-based forest
-protection globally. In doing so, we consider the ways ‘cryptocarbon'
-initiatives are creating new challenges that have so far escaped
-critical scrutiny. A blockchain is a distributed and immutable
-electronic database – a ledger of every transaction that has ever taken
-place on a network, stored as cryptographically secured blocks, strung
-together in a chain. The technology is being increasingly hyped as
-applicable for a whole range of industries, social service provisions,
-and environmental management concerns. This includes the facilitation of
- natural asset market mechanisms, like Reducing Emissions from
-Deforestation and Forest Degradation (REDD+). The original aim of REDD+
-was to incentivise conservation, making tropical forests more valuable
-standing than cut down. Multiple factors, including lack of consumer
-interest, created an oversupply of carbon commodities. Ninety-five
-percent of the world's avoided deforestation credits, representing
-millions of hectares of conserved forest, were stuck without a buyer.
-Several flagging REDD+ projects are now hoping that blockchain
-technology can carry them to new heights of market capitalisation.
-However, like with any powerful new technology, the benefits remain
-ambiguous.
(Keynote address delivered by Shri T Rabi Sankar, Deputy
-Governor, Reserve Bank of India - February 14th, 2022 - at the Indian
-Banks Association 17th Annual Banking Technology Conference and Awards)
Cryptocurrency fraud has become a growing global concern, with
- various governments reporting an increase in the frequency of and
-losses from cryptocurrency scams. Despite increasing fraudulent activity
- involving cryptocurrencies, research on the potential of
-cryptocurrencies for fraud has not been examined in a systematic study.
-This review examines the current state of knowledge about what kinds of
-cryptocurrency fraud currently exist, or are expected to exist in the
-future, and provides comprehensive definitions of the frauds identified.
Cryptocurrencies and the Denationalization of Money
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Luca Fantacci
-
-
-
Abstract
-
The theoretical foundations of bitcoin have been frequently
-traced back to the Austrian school of economics. To the extent that
-cryptocurrencies are not issued by a centralized authority and do not
-rely on an official legal tender status for their acceptance, they may
-indeed appear as a dramatic departure from the historical trend that has
- led, over the past few centuries, to the making of national money and
-as a decisive step toward the “denationalization of money” advocated by
-F. A. von Hayek. This article investigates to what extent bitcoin truly
-embodies the principles of stable money prescribed by Hayek and whether
-the proliferation of cryptocurrencies constitutes a Hayekian monetary
-competition.
AbstractBlockocracies are a coherent, distinctive and novel
-organizational form bound by a collective ledger and a cryptocurrency.
-We frame our analysis of blockocracies against Weber's enduring
-description of bureaucracy, identifying those features of Weberian
-bureaucracies that are present, absent or marginalized in blockocracies.
- In contrast to bureaucracy's monocratic authority structure, authority
-in blockocracies is centered on four distinct layers. In each layer,
-there is governance of the code and governance by the code, and in the
-latter we distinguish between endogenous and exogenous rules. We also
-compare the “blockocrat” with Weber's depiction of the bureaucrat.
Cryptocurrency and the Myth of the Trustless Transaction
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Rebecca M. Bratspies
-
-
-
Abstract
-
True cryptocurrency believers posit a world with virtually
-limitless applications for the block chain. They tout the prospect of a
-globally accepted currency that works with lightning speed, costs
-virtually nothing, and guarantees 100% security and anonymity while
-eliminating the need to trust third parties. So far, the reality of
-cryptocurrency has not lived up to its hype. It turns out that
-cryptocurrency transactions can be slow, and expensive, because the
-blockchain, scales poorly. However, the really interesting divergence
-between pitch and reality has to do with the purported consequences of
-decentralization — the claim that bitcoin obviates the need for trust.
-This article interrogates the claim that trust can be replaced with
-blockchain technology. It tests the claims that Bitcoin eliminates the
-need for trust against real world experiences of Bitcoin holders and
-markets. It documents the many points at which cryptocurrencies shifts
-the locus of embedded trust, rather than eliminating the need for such
-trust. Finally, the article concludes that rather than replacing trust,
-cryptocurrencies instead require users to repose their trust in less
-transparent, less reliable and less accountable parties.
Cryptocurrency Exchange Regulation – An International Review
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Viktoria Ivaniuk
-
-
-
Date
-
2020
-
-
-
Pages
-
67
-
-
-
Publication
-
Magda Dziembowska, Robert Dziembowski, Apelacja w postępowaniu
-
-
-
Date Added
-
21/02/2022, 13:52:12
-
-
-
Modified
-
21/02/2022, 13:52:12
-
-
-
-
-
-
-
Cryptocurrency might be a path to authoritarianism
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Ian Bogost
-
-
-
Date
-
2017
-
-
-
Volume
-
30
-
-
-
Publication
-
The Atlantic
-
-
-
Date Added
-
21/02/2022, 13:52:13
-
-
-
Modified
-
21/02/2022, 13:52:13
-
-
-
-
-
-
-
Cryptocurrency mining from an economic and environmental perspective. Analysis of the most and least sustainable countries
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Sergio Luis Náñez Alonso
-
-
-
Author
-
Javier Jorge‐vázquez
-
-
-
Author
-
Miguel Ángel Echarte Fernández
-
-
-
Author
-
Ricardo Francisco Reier Forradellas
-
-
-
Abstract
-
There are different studies that point out that the price of
-electricity is a fundamental factor that will influence the mining
-decision, due to the cost it represents. There is also an ongoing debate
- about the pollution generated by cryptocurrency mining, and whether or
-not the use of renewable energies will solve the problem of its
-sustainability. In our study, starting from the Environmental
-Performance Index (EPI), we have considered several determinants of
-cryptocurrency mining: energy price, how that energy is generated,
-temperature, legal constraints, human capital, and R&D&I. From
-this, via linear regression, we recalculated this EPI by including the
-above factors that affect cryptocurrency mining in a sustainable way.
-The study determines, once the EPI has been readjusted, that the most
-sustainable countries to perform cryptocurrency mining are Denmark and
-Germany. In fact, of the top ten countries eight of them are European
-(Denmark, Germany, Sweden, Switzerland, Finland, Austria, and the United
- Kingdom); and the remaining two are Asian (South Korea and Japan).
Cryptodamages: monetary value estimates of the air pollution and human health impacts of cryptocurrency mining
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Andrew L Goodkind
-
-
-
Author
-
Benjamin A Jones
-
-
-
Author
-
Robert P Berrens
-
-
-
Date
-
2020
-
-
-
Extra
-
Publisher: Elsevier
-
-
-
Volume
-
59
-
-
-
Pages
-
101281
-
-
-
Publication
-
Energy Research & Social Science
-
-
-
Date Added
-
21/02/2022, 13:52:11
-
-
-
Modified
-
21/02/2022, 13:52:11
-
-
-
-
-
-
-
Cryptodamages: Monetary value estimates of the air pollution and human health impacts of cryptocurrency mining
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Andrew L. Goodkind
-
-
-
Author
-
Benjamin A. Jones
-
-
-
Author
-
Robert P. Berrens
-
-
-
Abstract
-
Cryptocurrency mining uses significant amounts of energy as
-part of the proof-of-work time-stamping scheme to add new blocks to the
-chain. Expanding upon previously calculated energy use patterns for
-mining four prominent cryptocurrencies (Bitcoin, Ethereum, Litecoin, and
- Monero), we estimate the per coin economic damages of air pollution
-emissions and associated human mortality and climate impacts of mining
-these cryptocurrencies in the US and China. Results indicate that in
-2018, each $1 of Bitcoin value created was responsible for $0.49 in
-health and climate damages in the US and $0.37 in China. The similar
-value in China relative to the US occurs despite the extremely large
-disparity between the value of a statistical life estimate for the US
-relative to that of China. Further, with each cryptocurrency, the rising
- electricity requirements to produce a single coin can lead to an almost
- inevitable cliff of negative net social benefits, absent perpetual
-price increases. For example, in December 2018, our results illustrate a
- case (for Bitcoin) where the health and climate change “cryptodamages”
-roughly match each $1 of coin value created. We close with discussion of
- policy implications.
Cryptoeconomic Geographies and Contestation in Puerto Rico
-
-
-
Type
-
Thesis
-
-
-
Author
-
Jillian Crandall
-
-
-
Abstract
-
This thesis is about how the new techno-capitalist industries
-oriented around blockchain technology and cryptocurrencies are further
-marginalizing already marginalized groups in Puerto Rico. These
-industries are forming new distributed cryptoeconomic geographies with
-highly local impacts. While socio-technical relationships with crypto
-and blockchain are forming all over the globe, the scenario in Puerto
-Rico has the most the most at stake for residents who do not have a
-stake in cryptocurrency. Specifically, a group of crypto-proponents
-(primarily male-dominated US expats) is looking to establish a new
-“crypto-utopia” in San Juan. These transactionary publics, as I define
-them, are groups with certain discourses, ideologies, and rhetorics
-centered around individual transactions, goals, and gains. They work
-through vastly different power structures that allow them to act more
-autonomously and anonymously via digital technology. However – there are
- local, native Puerto Ricans, government organizations, and institutions
- engaging as well on the basis of economic development. From a feminist
-perspective, this thesis challenges the assertion that blockchain
-technology has emancipatory potential, particularly for Puerto Rico. I
-discuss the resistance and contestation against crypto-colonialism and
-economic injustice in Puerto Rico, and highlight strategies both with
-and without digital technology. Specifically, I question if the politics
- of blockchain technology are compatible with those of platform
-cooperativism. I conclude with a number of speculative future scenarios
-for how alternate techno-economic strategies may play out in Puerto
-Rico, and what their consequences may be.
DOI: http://jilliancrandall.net/cryptoeconomic-geographies-and-contestation-in-pr/
-Issue: May
-Publication Title: Thesis
-
-
-
Type
-
PhD Thesis
-
-
-
Date Added
-
02/03/2022, 08:27:44
-
-
-
Modified
-
02/03/2022, 08:27:44
-
-
-
Tags:
-
-
_LATEST
-
SOCIOLOGY
-
-
-
-
-
-
Cryptographic imaginaries and the networked public
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Sarah Myers West
-
-
-
Abstract
-
This paper interrogates discourses associated with encryption
-in contemporary policy debates. It traces through three distinct
-cryptographic imaginaries – the occult, the state, and democratic values
- – and how each conceptualises what encryption is, what it does, and
-what it should do. Situating each imaginary in time through historical
-research, I consider how they foreground distinct configurations of
-power and authority. It concludes by describing the development of a new
- cryptographic imaginary, one which sees encryption as a necessary
-precondition for the formation of networked publics.
-
-
-
Date
-
2018
-
-
-
Extra
-
Publisher: Berlin: Alexander von Humboldt Institute for Internet and Society
Currency and the Collective Representations of Authority, Nationality, and Value
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Georgios Papadopoulos
-
-
-
Abstract
-
Mainstream economics has consistently ignored the iconography
-of currency, describing money ‘just' as a commodity. The paper is going
-to investigate the economic and political significance of the
-representations of authority and nationality in currency describing how
-these representation support its acceptability. The aim of the analysis
-is double: to decipher the visual identity of currency and its
-contribution to the acceptance of money in day-to-day transactions, as
-well as to discuss the operational principles of the monetary system as
-they are uncovered in the iconography of money. By answering these
-questions, the paper is going to trace the theoretical presuppositions
-and the cultural stereotypes that inform the representation of economic
-value and national identity as they are articulated in banknotes and
-coins with a specific emphasis on the European Monetary Union and the
-recent financial crisis that is still affecting its periphery.
Currency in Transition: An Ethnographic Inquiry of Bitcoin Adherents
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Justin Fletcher
-
-
-
Abstract
-
The Internet and other telecommunications systems have
-reshaped the means by which markets are accessed, generated, and
-transformed. Recent innovations in computer science have led to the
-development of a virtually bound, decentralized, encrypted currency
-system known as bitcoin. Unlike conventional currency systems, the
-Bitcoin protocol is cryptologically defined with a virtual structure
-that allows it to simultaneously operate as currency, commodity, and
-market shaping socio-political force. Its decentralized design permits
-it to function as a free-market response to fiat currencies vulnerable
-to inflation, regulation, and manipulation. Given the cultural
-significance anthropologists and other social scientists have assigned
-to various modes and mediums of exchange over the years, the
-socio-economic impact of this novel currency system warrants particular
-consideration. This research describes the Bitcoin community that has
-emerged alongside the currency, including the entrepreneurs, developers,
- and consumers who are dedicated to bitcoin's perpetuation and
-acceptance as an internationally recognized medium of exchange.
-Ethnographic interviews and participant observation were utilized to
-collect information from users in the Central Florida area, detailing
-their experiences and interactions with the Bitcoin protocol and its
-associated community. This research provides new levels of
-anthropological insight into currency development, market interaction,
-and economically embodied social commentary. Moreover, its exploratory
-nature helps create a viable framework around which qualitative inquiry
-of virtual crypto-currencies may be designed in future studies.
Cutting the network? Facebook's Libra currency as a problem of organisation
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Daniel Tischer
-
-
-
Abstract
-
This essay explores the organisational character of Facebook's
- Libra currency by undertaking a critical reading of documents published
- by the Libra Association. Drawing on the conceptual work of Marilyn
-Strathern and Michel Serres, it illustrates how ownership cuts the
-network and encourages parasitism as a means of driving future profit.
-Central to this is the claim that Libra is not an exercise in
-democratising money, but rather, the opposite: Libra is run as a club,
-for the benefit of club members. The conceptual theme of 'cutting' is
-used to organise the argument. Rather than a cutting-edge technology,
-Libra's true innovation is organisational and consists in overturning
-the decentralised character of blockchain, such that distributed ledger
-technology is re-centralised by big tech firms. Outsiders are thus
-cut-off from Libra; only those inside the club have the right to
-participate in Libra and its governance. This position also affords
-members an exclusive capacity to take a cut of the profits generated
-through Libra. As a private organisation, members have sole rights to
-future profits generated from the Libra ecosystem and are in this way
-incentivised to create new product opportunities over time.
Cyber 9/11 Will Not Take Place: A User Perspective of Bitcoin and Cryptocurrencies from Underground and Dark Net Forums
-
-
-
Type
-
Conference Paper
-
-
-
Author
-
Simon Butler
-
-
-
Abstract
-
Background. There is a historical narrative of fear
-surrounding cybercrime. This has extended to cryptocurrencies (CCs),
-which are often viewed as a criminal tool. Aim. To carry out the first
-user study of CCs for illicit activity, from the perspective of
-underground and dark net forums. Method. We conducted a qualitative
-study, using a content analysis method, of 16,405 underground and dark
-net forum posts selected from CrimeBB, a dataset of 100 million posts
-curated by the Cambridge Cybercrime Centre. Results. Firstly, finality
-of payments emerged as a major motivator for the use of CCs. Second, we
-propose an Operational Security Taxonomy for Illicit Internet Activity
-to show that CCs are only one part of several considerations that
-combine to form security in illicit internet transactions. Third, the
-dark net is hard to use and requires significant study, specialist
-equipment and advanced knowledge to achieve relative security.
-Conclusion. We argue that finality is the main advantage of CCs for this
- user group, not anonymity as widely thought. The taxonomy shows that
-banning CCs is unlikely to be effective. Finally, we contend that the
-dark net is a niche for criminal activity and fears over cybercrime
-cause the threat to be exaggerated.
-
-
-
Date
-
2021
-
-
-
Extra
-
ISSN: 16113349
-
-
-
Volume
-
12812 LNCS
-
-
-
Publisher
-
Springer
-
-
-
ISBN
-
978-3-030-79317-3
-
-
-
Pages
-
135–153
-
-
-
Proceedings Title
-
Lecture Notes in Computer Science (including subseries Lecture
- Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
Cyberlibertarianism: The extremist foundations of ‘digital freedom.’
-
-
-
Type
-
Journal Article
-
-
-
Author
-
David Golumbia
-
-
-
Date
-
2013
-
-
-
Publication
-
Clemson University Department of English
-
-
-
Date Added
-
21/02/2022, 13:52:14
-
-
-
Modified
-
21/02/2022, 13:52:14
-
-
-
-
-
-
-
Cyberlibertarians’ Digital Deletion of the Left: Technological Innovation Does Not Inherently Promote the Left’s Goals
-
-
-
Type
-
Journal Article
-
-
-
Author
-
David Golumbia
-
-
-
Date
-
2013
-
-
-
Volume
-
2
-
-
-
Pages
-
2014
-
-
-
Publication
-
Retrieved
-
-
-
Issue
-
10
-
-
-
Date Added
-
21/02/2022, 13:52:14
-
-
-
Modified
-
21/02/2022, 13:52:14
-
-
-
-
-
-
-
Cyphernomicon
-
-
-
Type
-
Document
-
-
-
Author
-
Tim May
-
-
-
Date
-
1994
-
-
-
Date Added
-
03/03/2022, 12:31:48
-
-
-
Modified
-
03/03/2022, 12:31:48
-
-
-
-
-
-
-
Cypherpunk ideology: objectives, profiles, and influences (1992–1998)
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Craig Jarvis
-
-
-
Abstract
-
The cypherpunks were 1990s digital activists who challenged
-White House policies aiming to prevent the emergence of unregulated
-digital cryptography, an online privacy technology capable of
-frustrating government surveillance. Whilst the cypherpunk's ideology,
-which is predominantly the output of Timothy C. May, is well understood,
- less is known about the composition of the cypherpunk's community. This
- article builds on past studies by Rid and Beltramini by using the
-cypherpunk's mail list archive to profile the most active and
-influential cypherpunks. This study confirms the May-derived ideology is
- broadly, though not entirely, representative of the cypherpunk
-community. This article assesses the cypherpunks were a highly educated,
- mostly libertarian community permeated by aspects of anarchism which
-arose from a societal disaffiliation inherited from the counterculture.
-This article further argues that the cypherpunks were also influenced by
- the hacker ethic and dystopian science fiction.
Cypherpunks: Freedom and the Future of the Internet
-
-
-
Type
-
Book
-
-
-
Author
-
Julian Assange
-
-
-
Author
-
Jacob Appelbaum
-
-
-
Author
-
Andy Muller-Maguhn
-
-
-
Author
-
Jrmie Zimmermann
-
-
-
Date
-
2016
-
-
-
Publisher
-
OR books
-
-
-
Date Added
-
21/02/2022, 13:52:13
-
-
-
Modified
-
21/02/2022, 13:52:13
-
-
-
-
-
-
-
Data money: The socio-technical infrastructure of cryptocurrency blockchains
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Koray Caliskan
-
-
-
Abstract
-
Drawing on an empirical study of cryptocurrency white papers,
-this paper proposes an actor-based taxonomy of cryptocurrency
-blockchains. First, it describes the evolution of blockchain
-architecture with reference to the economic services that blockchains
-supply. Second, it discusses the socio-technical platform of blockchains
- as proposed in cryptocurrency white papers. Third, it analyses the
-socio-economic consequences of these technically diverse blockchain
-platforms, by proposing a taxonomy of their digital architectures in
-reference to two groups of actors that maintain blockchain
-infrastructure: transactioners and accountants. Defining cryptocurrency
-as data money, and locating cryptocurrency ownership as the possession
-of an exclusive right to move data privately in a public or private
-space, the paper describes a blockchain as a digital actor-network
-platform that makes it possible to define and distribute these data
-transfer rights.
Decarbonizing Bitcoin: Law and policy choices for reducing the
-energy consumption of Blockchain technologies and digital currencies
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Jon Truby
-
-
-
Abstract
-
The vast transactional, trust and security advantages of
-Bitcoin are dwarfed by the intentionally resource-intensive design in
-its transaction verification process which now threatens the climate we
-depend upon for survival. Indeed Bitcoin mining and transactions are an
-application of Blockchain technology employing an inefficient use of
-scarce energy resources for a financial activity at a point in human
-development where world governments are scrambling to reduce energy
-consumption through their Paris Agreement climate change commitments and
- beyond to mitigate future climate change implications. Without
-encouraging more sustainable development of the potential applications
-of Blockchain technologies which can have significant social and
-economic benefits, their resource-intensive design combined now pose a
-serious threat to the global commitment to mitigate greenhouse gas
-emissions. The article examines government intervention choices to
-desocialise negative environmental externalities caused by high-energy
-consuming Blockchain technology designs. The research question explores
-how to promote the environmentally sustainable development of
-applications of Blockchain without damaging this valuable sector. It
-studies existing regulatory and fiscal policy approaches towards digital
- currencies in order to provide a basis for further legal and policy
-tools targeted at mitigating energy consumption of Blockchain
-technologies. The article concludes by identifying appropriate fiscal
-policy options for this purpose, as well as further considerations on
-the potential for Blockchain technology in climate change mitigation.
Decentralisation, Distrust & Fear of the Body – The Worrying Rise of Crypto-Law
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Alan Cunningham
-
-
-
Abstract
-
The increasing collective use of distributed application
-software platforms, programming languages and crypto-currencies around
-the blockchain concept for general transactions may have radical
-implications for the way in which society conceptualises and applies
-trust and trust-based social systems such as law. By exploring one
-iteration of such generalised blockchain systems - Ethereum - and the
-historical lineage of such systems, it will be argued that indeed their
-ideological basis is largely one of distrust, decentralisation and,
-ultimately, via increasing disassociation of identity, a fear of the
-body itself. This ideological basis can be reframed as a crypto-legal
-approach to the problems of human interaction, one whereby the purely
-technological solutions outlined above are considered adequate for
-reconciling many of the problems of our collective existence. The
-article concludes, however, by re-iterating a perspective of law more so
- as an entirely embodied and trust dependent notion. These aspects go
-some way to explaining the necessarily centralised role it takes on
-within societies. They also explain why the crypto-legal approaches
-advanced by systems like Ethereum - or even the co-opting of blockchain
-technology by law firms themselves - will only ever be at best
-efficiency exercises concerned with the processing of data relating to
-legal affairs, and not the more radical, ambiguous and difficult process
- of actual legal thought or, indeed, engagement with trust.
Decentralisation as a concept is attracting a lot of interest,
- not least with the rise of decentralised and distributed techno-social
-systems like Bitcoin, and distributed ledgers more generally. In this
-paper, we first define decentralisation as it is implemented for
-technical architectures and then discuss the technical, social,
-political and economic ideas that drive the development of
-decentralised, and in particular, distributed systems. We argue that
-technical efforts towards decentralisation tend to go hand-in-hand with
-ambitions for rearranging power dynamics. We caution, however, against
-simplistic understandings of power in relation to the
-decentralisation-centralisation spectrum, and argue that in practice,
-decentralisation might very well be served by and produce centralising
-effects. The paper then goes on to discuss the critical literature that
-highlights some of the common assumptions and critiques made about
-decentralisation and the pros and cons of a decentralised approach.
-Finally, we propose some of the missing parts to current debates about
-decentralisation, and argue for a more nuanced and grounded approach to
-the centralisation/decentralisation dichotomy.
Decentralised Autonomous Organisations and the Corporate Form
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Nathan Tse
-
-
-
Abstract
-
It has been suggested that the development of decentralised
-autonomous organisations (DAOs) will lead to a paradigm shift in the way
- we perceive businesses. DAOs ostensibly eliminate agency costs due to
-the absence of a board of directors, automated governance mechanisms and
- transparency provided by the blockchain upon which the DAO is launched.
- This article undertakes a comparative analysis between DAOs and
-corporations and questions whether DAOs really do improve the corporate
-form. Using a corporate governance and legal realist lens, this article
-suggests that a number of the purported benefits of DAOs are overly
-simplified. Moreover, there are several practical and legal obstacles
-that technological advancements and improved engineering must overcome
-before DAOs become a viable, mainstream organisational structure.
-Balancing the inevitable improvement in technology against these
-significant obstacles, this article predicts an incremental integration
-of DAOs into society through a hybrid approach, involving interim legal
-solutions and varying degrees of automation and decentralisation.
Decentralization is a term widely used in a variety of
-contexts, particularly in political science and discourses surrounding
-the Internet. It is popular today among advocates of blockchain
-technology. While frequently employed as if it were a technical term,
-decentralization more reliably appears to operate as a rhetorical
-strategy that directs attention toward some aspects of a proposed social
- order and away from others. It is called for far more than it is
-theorized or consistently defined. This non-specificity has served to
-draw diverse participants into common political and technological
-projects. Yet even the most apparently decentralized systems have shown
-the capacity to produce economically and structurally centralized
-outcomes. The rhetoric of decentralization thus obscures other aspects
-of the re-ordering it claims to describe. It steers attention from where
- concentrations of power are operating, deferring worthwhile debate
-about how such power should operate. For decentralization to be a
-reliable concept in formulating future social arrangements and related
-technologies, it should come with high standards of specificity. It also
- cannot substitute for anticipating centralization with appropriate
-mechanisms of accountability.
-
-
-
Date
-
2019
-
-
-
Extra
-
ISSN: 17530369
-Issue: 4
-Publication Title: Journal of Cultural Economy
-Volume: 12
-DOI: 10.1080/17530350.2019.1589553
-
-
-
# of Pages
-
265–285
-
-
-
Date Added
-
02/03/2022, 08:29:41
-
-
-
Modified
-
02/03/2022, 08:29:41
-
-
-
Tags:
-
-
bitcoin
-
Cryptocurrency
-
development
-
internet
-
PROCESSED
-
decentralization
-
DECENTRALIZATION
-
-
-
-
-
-
Decentralized autonomous organization
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Samer Hassan
-
-
-
Author
-
Primavera De Filippi
-
-
-
Abstract
-
A DAO is a blockchain-based system that enables people to
-coordinate and govern themselves mediated by a set of self-executing
-rules deployed on a public blockchain, and whose governance is
-decentralised (i.e., independent from central control).
-
-
-
Date
-
2021
-
-
-
Extra
-
Publisher: Berlin: Alexander von Humboldt Institute for Internet and Society
Decentralized Blockchain Technology and the Rise of Lex Cryptographia
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Aaron Wright
-
-
-
Author
-
Primavera De Filippi
-
-
-
Abstract
-
Just as decentralization communication systems lead to the
-creation of the Internet, today a new technology — the blockchain — has
-the potential to decentralize the way we store data and manage
-information, potentially leading to a reduced role for one of the most
-important regulatory actors in our society: the middleman. Blockchain
-technology enables the creation of decentralized currencies,
-self-executing digital contracts (smart contracts) and intelligent
-assets that can be controlled over the Internet (smart property). The
-blockchain also enables the development of new governance systems with
-more democratic or participatory decision-making, and decentralized
-(autonomous) organizations that can operate over a network of computers
-without any human intervention. These applications have led many to
-compare the blockchain to the Internet, with accompanying predictions
-that this technology will shift the balance of power away from
-centralized authorities in the field of communications, business, and
-even politics or law. In this Article, we explore the benefits and
-drawbacks of this emerging decentralized technology and argue that its
-widespread deployment will lead to expansion of a new subset of law,
-which we term Lex Cryptographia: rules administered through
-self-executing smart contracts and decentralized (autonomous)
-organizations. As blockchain technology becomes widely adopted,
-centralized authorities, such as governmental agencies and large
-multinational corporations, could lose the ability to control and shape
-the activities of disparate people through existing means. As a result,
-there will be an increasing need to focus on how to regulate blockchain
-technology and how to shape the creation and deployment of these
-emerging decentralized organizations in ways that have yet to be
-explored under current legal theory.
DeFi (‘decentralized finance') has joined FinTech (‘financial
-technology'), RegTech (‘regulatory technology'), cryptocurrencies, and
-digital assets as one of the most discussed emerging technological
-evolutions in global finance. Yet little is really understood about its
-meaning, legal implications, and policy consequences. In this article we
- introduce DeFi, put DeFi in the context of the traditional financial
-economy, connect DeFi to open banking, and end with some policy
-considerations. We suggest that decentralization has the potential to
-undermine traditional forms of accountability and erode the
-effectiveness of traditional financial regulation and enforcement. At
-the same time, we find that where parts of the financial services value
-chain are decentralized, there will be a reconcentration in a different
-(but possibly less regulated, less visible, and less transparent) part
-of the value chain. DeFi regulation could, and should, focus on this
-reconcentrated portion of the value chain to ensure effective oversight
-and risk control. Rather than eliminating the need for regulation, in
-fact DeFi requires regulation in order to achieve its core objective of
-decentralization. Furthermore, DeFi potentially offers an opportunity
-for the development of an entirely new way to design regulation: the
-idea of ‘embedded regulation'. Regulatory approaches could be built into
- the design of DeFi, thus potentially decentralizing both finance and
-its regulation, in the ultimate expression of RegTech.
Decentralized finance: on blockchain-and smart contract-based financial markets
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Fabian Schär
-
-
-
Abstract
-
The term decentralized finance (DeFi) refers to an alternative
- financial infrastructure built on top of the Ethereum blockchain. DeFi
-uses smart contracts to create protocols that replicate existing
-financial services in a more open, interoperable, and transparent way.
-This article highlights opportunities and potential risks of the DeFi
-ecosystem. I propose a multi-layered framework to analyze the implicit
-architecture and the various DeFi building blocks, including token
-standards, decentralized exchanges, decentralized debt markets,
-blockchain derivatives, and on-chain asset management protocols. I
-con-clude that DeFi still is a niche market with certain risks but that
-it also has interesting properties in terms of efficiency, transparency,
- accessibility, and composability. As such, DeFi may potentially
-contribute to a more robust and transparent financial infrastructure.
-(JEL G15, G23, E59).
Global financial markets are in the midst of a transformative
-movement. The creation of Bitcoin and Facebook's proposed distribution
-of Diem mark a watershed moment in the evolution of the financial
-markets ecosystem. Purportedly, peer-to-peer distributed digital ledger
-technology eliminates legacy financial market intermediaries such as
-investment banks, depository banks, exchanges, clearinghouses, and
-broker-dealers. Yet careful examination reveals that cryptocurrency
-issuers and the firms that offer secondary market cryptocurrency trading
- services have not quite lived up to their promise. Notwithstanding
-crypto-enthusiasts' calls for disintermediation, evidence reveals that
-platforms that facilitate cryptocurrency trading frequently employ the
-long-adopted intermediation practices of their traditional counterparts.
- In fact, when emerging technologies fail, cryptocoin and token trading
-platforms partner with and rely on traditional financial services firms.
- As a result, these platforms face many of the
The rise of centralized mining pools for risk sharing does not
- necessarily undermine the decentralization required for blockchains:
-because of miners' cross-pool diversification and pool managers'
-endogenous fee setting, larger pools better internalize their
-externality on global hash rates, charge higher fees, attract
-disproportionately fewer miners, and grow more slowly. Instead, mining
-pools as a financial innovation escalate miners' arms race and
-significantly increase the energy consumption of proof-of-work-based
-blockchains. Empirical evidence from Bitcoin mining supports our model's
- predictions. The economic insights inform other consensus protocols and
- the industrial organization of mainstream sectors with similar
-characteristics but ambiguous prior findings.
Decentralized Network Governance: Blockchain Technology and the Future of Regulation
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Andrej Zwitter
-
-
-
Author
-
Jilles Hazenberg
-
-
-
Abstract
-
Advancements in the digital domain, for example, in blockchain
- technology, big data, and machine learning, are increasingly shaping
-the lives of individuals, groups, organizations, and societies. These
-developments call for effective governance to protect the basic
-interests and needs of these actors. Simultaneously, the very nature of
-governance is also changing. Policy-making is increasingly moving away
-from top-down governance by the state toward more horizontal modes of
-governance. This paper reviews the literature on governance theory in
-order to conceptualize governance as a mode of decentralized, networked
-regulation. We argue that the current dominant modes of governance are
-inadequate in understanding governance in the digital domain and are
-poorly equipped to conceptualize novel forms of governance such as
-decentralized autonomous organizations (DAOs). Therefore, this study
-proposes a new mode of governance based on the regulation of new power
-relationships between the state and actors in the digital domain. This
-model further explores the role that blockchain technology can play in
-what we term decentralized network governance.
Decentralized vs. Distributed Organization: Blockchain, Machine Learning and the Future of the Digital Platform
-
-
-
Type
-
Journal Article
-
-
-
Author
-
JP Vergne
-
-
-
Abstract
-
The terms decentralized organization and distributed
-organization are often used interchangeably, despite describing two
-distinct phenomena. I propose distinguishing decentralization, as the
-dispersion of organizational communications, from distribution, as the
-dispersion of organizational decision-making. Organizations can be
-distributed without being decentralized (and vice versa), and having
-multiple management layers directly affects only distribution – not
-decentralization. This proposed distinction has implications for
-understanding the growth of digital platforms (e.g. amazon.com ), which
-dominate the global economy in the 21 st century. While prominent
-platforms typically use machine learning as their core technology to
-transform inputs (e.g. data) into outputs (e.g. matchmaking services),
-blockchain has emerged as an alternative technological blueprint. I
-argue that blockchain enables platforms that are both decentralized and
-distributed (e.g. Bitcoin), whereas machine learning fosters centralized
- communications and the concentration of decision-making (e.g. Facebook
-Inc.). This distinction has crucial implications for antitrust policy,
-which, I contend, should shift both its analysis and its target of
-action away from the corporate level and focus instead on the data
-level. Based on this essay's framework, I make several predictions
-regarding the future of competition between centralized and
-decentralized platforms, the evolution of government regulation, and
-broader implications for managers in the digital economy and for the
-business schools charged with their education. I conclude with
-reflections on the opportunity to revive cybernetic thinking for
-preventing a dystopian future dominated by a handful of platform
-behemoths.
-
-
-
Date
-
2020
-
-
-
Extra
-
Publisher: SAGE Publications Sage UK: London, England
Deconstructing ‘Decentralization': Exploring the Core Claim of Crypto Systems
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Angela Walch
-
-
-
Abstract
-
Decentralization is what allows Bitcoin to substitute an army
-of computers for an army of accountants, investigators, and
-lawyers.-Nick Szabo, Twitter. 1 [B]ased on my understanding of the
-present state of Ether, the Ethereum network and its decentralized
-structure, current offers and sales of Ether are not securities
-transactions\ldots.
-
-
-
Date
-
2019
-
-
-
Pages
-
1–36
-
-
-
Publication
-
C. Brummer (ed.), Crypto Assets: Legal and Monetary Perspectives
The vast majority of applications at this moment rely on
-centralized servers to relay messages between clients, where these
-servers are considered trusted third-parties. With the rise of
-blockchain technologies over the last few years, there has been a move
-away from both centralized servers and traditional federated models to
-more decentralized peer-to-peer alternatives. However, there appears to
-be a trilemma between security, scalability, and decentralization in
-blockchain-based systems. Deconstructing this trilemma using well-known
-threat models, we define a typology of centralized, federated, and
-decentralized architectures. Each of the different architectures has
-this trilemma play out differently. Facing a possible decentralized
-future, we outline seven hard problems facing decentralization and
-theorize that the differences between centralized, federated, and
-decentralized architectures depend on differing social interpretations
-of trust.
-
-
-
Date
-
2020
-
-
-
Extra
-
ISBN: 9789897584459
-_eprint: 2008.08014
-
-
-
Volume
-
3
-
-
-
Pages
-
505–512
-
-
-
Publication
-
ICETE 2020 - Proceedings of the 17th International Joint Conference on e-Business and Telecommunications
This paper explores the Decentralized Finance (DeFi)
-ecosystem. We examine how DeFi is emerging on top of the public Ethereum
- smart contract platform, compare it to the centralized architecture of
-traditional financial markets and highlight opportunities and potential
-risks of this ecosystem. We propose a multi-layered framework to analyze
- the implicit architecture and the various DeFi building blocks,
-including token standards, decentralized exchanges, decentralized debt
-markets, blockchain derivatives and on-chain asset management protocols.
- We conclude that DeFi still is a niche market with certain risks, but
-also has interesting properties in terms of efficiency, transparency,
-accessibility and interoperability. As such, it may potentially
-contribute to a more robust and transparent financial infrastructure.
Deleuze in the wild: making philosophy matter for fintech
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Sandra Faustino
-
-
-
Abstract
-
This paper discusses the role of Deleuzian philosophy in
-fintech projects which operate ‘in the wild', i.e. far from the major
-institutional settings of fintech development, and which speculate
-towards an alternative financial economy, building upon algorithms,
-blockchains, cryptocurrencies, and crypto-assets. Based on ethnographic
-data collected with three different projects, I discuss the process of
-earmarking financial operations by means of philosophical concepts or
-theories, which enable the re-interpretation of the process of
-financialisation of everyday life. I further analyse the conceptual
-socialization of these technological endeavours with the wider-reaching
-theme of accelerating the capitalist process with the objective to
-overturn its excessive powers. The paper concludes by suggesting that
-fintech experiments which are socialized with accelerationist narratives
- re-interpret the process of financialisation as a path of liberation
-instead of exploitation, offering an escape from the capitalist crisis
-through machinic alchemy.
Determinants of electronic waste generation in Bitcoin network: Evidence from the machine learning approach
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Rabin K. Jana
-
-
-
Author
-
Indranil Ghosh
-
-
-
Author
-
Debojyoti Das
-
-
-
Author
-
Anupam Dutta
-
-
-
Abstract
-
Electronic waste is generating in the Bitcoin network at an
-alarming rate. This study identifies the determinants of electronic
-waste generation in the Bitcoin network using machine learning
-algorithms. We model the evolutionary patterns of electronic waste and
-carry out a predictive analytics exercise to achieve this objective. The
- Maximal Information Coefficient (MIC) and Generalized Mean Information
-Coefficient (GMIC) help to study the association structure. A series of
-six state-of-the-art machine learning algorithms - Gradient Boosting
-(GB), Regularized Random Forest (RRF), Bagging-Multiple Adaptive
-Regression Splines (BM), Hybrid Neuro Fuzzy Inference Systems (HYFIS),
-Self-Organizing Map (SOM), and Quantile Regression Neural Network (QRNN)
- are used separately for predictive modeling. We compare the predictive
-performance of all the algorithms. Statistically, the GB is a superior
-model followed by RRF. The performance of SOM is the least accurate. Our
- findings reveal that the blockchain's size, energy consumption, and the
- historical number of Bitcoin are the most determinants of electronic
-waste generation in the Bitcoin network. The overall findings bring out
-exciting insights into practical relevance for effectively curbing
-electronic waste accumulation.
Devil take the hindmost: A history of financial speculation
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Edward Chancellor
-
-
-
Date
-
1999
-
-
-
Extra
-
Publisher: Macmillan London
-
-
-
Date Added
-
02/03/2022, 09:44:31
-
-
-
Modified
-
02/03/2022, 09:44:31
-
-
-
-
-
-
-
Digging in Crypto-Communities' Future-Making: From Dark to Doge
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Alexia Maddox
-
-
-
Author
-
Luke J Heemsbergen
-
-
-
Abstract
-
duction This article situates the dark as a liminal and
-creative space of experimentation where tensions are generative and
-people tinker with emerging technologies to create alternative futures.
-Darkness need not mean chaos and fear of violence – it can mean privacy
-and protection. We define dark as an experimental space based upon
-uncertainties rather than computational knowns (Bridle) and then
-demonstrate via a case study of cryptocurrencies the contribution of
-dark and liminal social spaces to future(s)-making. Cryptocurrencies are
- digital cash systems that use decentralised (peer-to-peer) networking
-to enable irreversible payments (Maurer, Nelms, and Swartz).
-Cryptocurrencies are often clones or variations on the ‘original'
-Bitcoin payment systems protocol (Trump et al.) that was shared with the
- cryptographic community through a pseudonymous and still unknown
-author(s) (Nakamoto), creating a founder mystery. Due to the open
-creation process, a new cryptocurrency is relatively easy to make.
-However, many of them are based on speculative bubbles that mirror
-Bitcoin, Ethereum, and ICOs' wealth creation. Examples of
-cryptocurrencies now largely used for speculation due to their
-volatility in holding value are rampant, with online clearing houses
-competing to trade hundreds of different assets from AAVE to ZIL. Many
-of these altcoins have little to no following or trading volume, leading
- to their obsolescence. Others enjoy immense popularity among dedicated
-communities of backers and investors. Consequently, while many
-cryptocurrency experiments fail or lack adoption and drop from the
-purview of history, their constant variation also contributes to the
-undertow of the future that pulls against more visible surface waves of
-computational progress. The article is structured to first define how we
- understand and leverage ‘dark' against computational cultures. We then
-apply thematic and analytical tactics to articulate future-making
-socio-technical experiments in the dark. Based on past empirical work of
- the authors (Maddox "Netnography") we focus on crypto-cultures' complex
- emancipatory and normative tensions via themes of construction,
-disruption, contention, redirection, obsolescence, and iteration.
-Through these themes we illustrate the mutation and absorption of dark
-experimental spaces into larger social structures. The themes we
-identify are not meant as a complete or necessarily serial set of
-occurrences, but nonetheless contribute a new vocabulary for students of
- technology and media to see into and grapple with the dark. Embracing
-the Dark: Prework & Analytical Tactics for Outside the Known To
-frame discussion of the dark here as creative space for alternative
-futures, we focus on scholars who have deeply engaged with notions of
-socio-technical darkness. This allows us to explore outside the blinders
- of computational light and, with a nod to Sassen, dig in the shadows of
- known categories to evolve the analytical tactics required for the
-study of emerging socio-technical conditions. We understand the Dark Web
- to usher shifting and multiple definitions of darkness, from a moral
-darkness to a technical one (Gehl). From this work, we draw the
-observation of how technologies that obfuscate digital tracking create
-novel capacities for digital cultures in spaces defined by anonymity for
- both publisher and user. Darknets accomplish this by overlaying open
-internet protocols (e.g. TCP/IP) with non-standard protocols that
-encrypt and anonymise information (Pace). Pace traces concepts of
-darknets to networks in the 1970s that were 'insulated' from the
-internet's predecessor ARPANET by air gap, and then reemerged as
-software protocols similarly insulated from cultural norms around
-intellectual property. ‘Darknets' can also be considered in ternary as
-opposed to binary terms (Gehl and McKelvey) that push to make private
-that which is supposed to be public infrastructure, and push private
-platforms (e.g. a Personal Computer) to make public networks via common
-bandwidth. In this way, darknets feed new possibilities of communication
- from both common infrastructures and individual's platforms. Enabling
-new potentials of community online and out of sight serves to signal
-what the dark accomplishes for the social when measured against an
-otherwise unending light of computational society. To this point, a new
-dark age can be welcomed insofar it allows an undecided future outside
-of computational logics that continually define and refine the possible
-and probable (Bridle). This argument takes von Neumann's 1945
-declaration that “all stable processes we shall predict. All unstable
-processes we shall control” (in Bridle 21) as a founding statement for
-computational thought and indicative of current society. The hope
-expressed by Bridle is not an absence of knowledge, but an absence of
-knowing the future. Past the computational prison of total information
-awareness within an accelerating information age (Castells) is the
-promise of new formations of as yet unknowable life. Thus, from Bridle's
- perspective, and ours, darkness can be a place of freedom and
-possibility, where the equality of being in the dark, together, is not
-as threatening as current privileged ways of thinking would suggest
-(Bridle 15). The consequences of living in a constant glaring light lead
- to data hierarchies “leaching” (Bridle) into everything, including
-social relationships, where our data are relationalised while our
-relations are datafied (Maddox and Heemsbergen) by enforcing
-computational thinking upon them. Darkness becomes a refuge that
-acknowledges the power of unknowing, and a return to potential for
-social, equitable, and reciprocal relations. This is not to say that we
-envision a utopian life without the shadow of hierarchy, but rather an
-encouragement to dig into those shadows made visible only by the
-brightest of lights. The idea of digging in the shadows is borrowed from
- Saskia Sassen, who asks us to consider the ‘master categories' that
-blind us to alternatives. According to Sassen (402), while master
-categories have the power to illuminate, their blinding power keeps us
-from seeing other presences in the landscape: “they produce, then, a
-vast penumbra around that center of light. It is in that penumbra that
-we need to go digging”. We see darkness in the age of digital ubiquity
-as rejecting the blinding ‘master category' of computational thought.
-Computational thought defines social/economic/political life via what is
- static enough to predict or unstable enough to render a need to
-control. Otherwise, the observable, computable, knowable, and possible
-all follow in line. Our dig in the shadows posits a penumbra of
-protocols – both of computational code and human practice – that circle
-the blinding light of known digital communications. We use the remainder
- of this short article to describe these themes found in the dark that
-offer new ways to understand the movements and moments of potential
-futures that remain largely unseen. Thematic Resonances in the Dark This
- section considers cryptocultures of the dark. We build from a thematic
-vocabulary that has been previously introduced from empirical examples
-of the crypto-market communities which tinker with and through the
-darkness provided by encryption and privacy technologies (Maddox
-"Netnography"). Here we refine these future-making themes through their
-application to events surrounding community-generated technology aimed
-at disrupting centralised banking systems: cryptocurrencies (Maddox,
-Singh, et al.). Given the overlaps in collective values and technologies
- between crypto-communities, we find it useful to test the relevance of
-these themes to the experimental dynamics surrounding cryptocurrencies.
-We unpack these dynamics as construction, rupture and disruption,
-redirection, and the flip-sided relationship between obsolescence and
-iteration leading to mutation and absorption. This section provides a
-working example for how these themes adapt in application to a community
- dwelling at the edge of experimental technological possibilities. The
-theme of construction is both a beginning and a materialisation of a
-value field. It originates within the cyberlibertarians' ideological
-stance towards using technological innovations to ‘create a new world in
- the shell of the old' (van de Sande) which has been previously
-expressed through the concept of constructive activism (Maddox, Barratt,
- et al.). This libertarian ideology is also to be found in the early
-cultures that gave rise to cryptocurrencies. Through their interest in
-the potential of cryptography technologies related to social and
-political change, the Cypherpunks mailing list formed in 1992 (Swartz).
-The socio-cultural field surrounding cryptocurrencies, however, has
-always consisted of a diverse ecosystem of vested interests building
-collaborations from “goldbugs, hippies, anarchists, cyberpunks,
-cryptographers, payment systems experts, currency activists, commodity
-traders, and the curious” (Maurer, Nelms, and Swartz 262). Through the
-theme of construction we can consider architectures of collaboration,
-cooperation, and coordination developed by technically savvy
-populations. Cryptocurrencies are often developed as code by teams who
-build in mechanisms for issuance (e.g. ‘mining') and other controls
-(Conway). Thus, construction and making of cryptocurrencies tend to be
-collective yet decentralised. Cryptocurrencies arose during a time of
-increasing levels of distrust in governments and global financial
-instability from the Global Financial Crisis (20
Digital tulips? Returns to investors in initial coin offerings
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Hugo Benedetti
-
-
-
Author
-
Leonard Kostovetsky
-
-
-
Date
-
2018
-
-
-
Publication
-
Returns to Investors in Initial Coin Offerings (May 20, 2018)
-
-
-
Date Added
-
21/02/2022, 13:52:14
-
-
-
Modified
-
21/02/2022, 13:52:14
-
-
-
-
-
-
-
Digitizing death: commodification of joss paper on Chinese online cemetery
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Yizhou Xu
-
-
-
Abstract
-
This article explores the digitalization of traditional
-funeral joss paper into digital commodities through the case study of
-the Chinese online cemetery 00tang.com. Joss paper are paper replicas of
- everyday items such as money and objects that are ritually burned as a
-form of symbolic offering to the deceased in accordance with traditional
- Chinese practices of ancestor worship. Using both ethnographic
-interviews and discursive interface analysis, I look at how the
-remediation of spiritual joss paper into digital objects complicates
-perceived dichotomy between the gift and commodity that requires new
-ways of thinking about the acts of social reciprocity, indebtedness, and
- obligation. Drawing on established literature relating to gift and
-digital economies, I argue 00tang's digitization of joss paper on
-internet cemeteries is reflexive of the biopolitical means by which the
-state and market forces work to subsume traditional ancestor worship
-into controllable and commodifiable labor of mourning. Here, the
-subversive wastefulness of the gift is replaced by its accumulation and
-preservation online. Digitization in this regard highlights the process
-by which objects take on different materiality, values, aesthetics, and
-productive labor practices, all of which fundamentally alters the
-symbolic regimes of death and the ritual gift economy in China.
Disassembling the Trust Machine, three cuts on the political matter of blockchain T
-
-
-
Type
-
Thesis
-
-
-
Author
-
Clara Jaya Brekke
-
-
-
Abstract
-
Blockchain technology is, in part, a proposal to resolve ‘the
-political' through technical means: decentralised networks to solve the
-problem of authority; cryptography to coordinate and secure the network;
- and game theory and incentive design to solve network behaviour. This
-PhD thesis draws on theoretical work by Karen Barad (2007) and Jacques
-Rancière (Rancière, 2010) to ask the question of what matters
-politically in blockchain technology – both in the sense of matter as
-becoming material of a new mediation of the political, but also
-mattering in the sense of being of political importance to engineers,
-developers and communities forming around blockchain as a potential.
-Rather than treating blockchain as coherent thing to be either
-celebrated or criticised, this thesis proposes and attempts to draw out
-the ways in which the potentials of blockchain are negotiated as part of
- its political effects, looking towards these negotiations to understand
- how political differences are made and sought materialised. Three
-approaches to the political are articulated to analyse Bitcoin and
-Ethereum as case studies and shift their terms of debate. Firstly,
-addressing the question of algorithmic determinacy, an approach is
-proposed for critically understanding a blockchain proposition that does
- not immediately revert to a competition of control between ‘human' and
-‘machine' through the notion of the insensible, drawing on work by
-geographer of the inhuman Yusoff (2013a). Secondly, drawing on political
- theorist Rancière (2010) a particular blockchain sensibility is
-articulated, addressing the question of the particular kind of
-‘disruption' that blockchain presents. Its specific provenance in
-political histories of decentralised network computation opens up
-political significance beyond its intersections with financial
-capitalism. Finally, addressing the question of blockchain as a
-resolution to the political, the thesis introduces the concept of
-dissensible as an ongoing potential for incompatible sensibilities and
-their negotiation.
Dissecting Ponzi schemes on Ethereum: identification, analysis, and impact
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Massimo Bartoletti
-
-
-
Author
-
Salvatore Carta
-
-
-
Author
-
Tiziana Cimoli
-
-
-
Author
-
Roberto Saia
-
-
-
Date
-
2020
-
-
-
Extra
-
Publisher: Elsevier
-
-
-
Volume
-
102
-
-
-
Pages
-
259–277
-
-
-
Publication
-
Future Generation Computer Systems
-
-
-
Date Added
-
21/02/2022, 13:52:12
-
-
-
Modified
-
21/02/2022, 13:52:12
-
-
-
-
-
-
-
Distributed degrowth technology: Challenges for blockchain beyond the green economy
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Peter Howson
-
-
-
Abstract
-
This commentary considers the challenges and trade-offs in
-using blockchain as the facilitating digital infrastructure for degrowth
- projects. A blockchain is simply a distributed database. The technology
- is being used for a wide range of applications relevant to economic
-exchange and environmental sustainability. Many degrowth scholars wholly
- reject technical fixes for politically induced environmental crises,
-seeing blockchain projects as wasteful and counter to convivial social
-relations. Others highlight the technology's potential for facilitating
-redistributive and regenerative economies, but without much detail. This
- paper argues that if blockchain is ever to prove useful for the
-degrowth movement it would need to overcome challenges in three
-important areas: 1) building democratic and (re)distributive economies,
-2) regenerating the environment without commodifying it, and 3)
-facilitating international alliances without imposing a particular set
-of values. What is certain is that technology on its own will not
-transcend the political struggles tackled by degrowth activists.
-However, under certain conditions, blockchain might make those struggles
- more effective.
Do the rich get richer? An empirical analysis of the Bitcoin transaction network
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Dániel Kondor
-
-
-
Author
-
Márton Pósfai
-
-
-
Author
-
István Csabai
-
-
-
Author
-
Gábor Vattay
-
-
-
Date
-
2014
-
-
-
Extra
-
Publisher: Public Library of Science
-
-
-
Volume
-
9
-
-
-
Pages
-
e86197
-
-
-
Publication
-
PloS one
-
-
-
Issue
-
2
-
-
-
Date Added
-
21/02/2022, 13:52:14
-
-
-
Modified
-
21/02/2022, 13:52:14
-
-
-
-
-
-
-
Does not compute: Avoiding pitfalls assessing the Internet's energy and carbon impacts
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Jonathan Koomey
-
-
-
Author
-
Eric Masanet
-
-
-
Abstract
-
Jonathan Koomey is president of Koomey Analytics and has in
-the past been a visiting professor at Stanford University, Yale
-University, and UC Berkeley. He's one of the leading international
-experts on the economics of climate solutions and the energy and
-environmental effects of information technology. Dr. Koomey holds M.S.
-and Ph.D. degrees from the Energy and Resources Group at UC Berkeley and
- an A.B. in History and Science from Harvard University. He is the
-author or coauthor of more than 200 articles and reports and nine books,
- including Turning Numbers into Knowledge: Mastering the Art of Problem
-Solving and Cold Cash, Cool Climate: Science-Based Advice for Ecological
- Entrepreneurs. More at http://www.koomey.com. Eric Masanet is the
-Mellichamp Chair in Sustainability Science for Emerging Technologies at
-the University of California, Santa Barbara, where he holds appointments
- in the Bren School of Environmental Science and Management and the
-Department of Mechanical Engineering. He has authored more than 130
-scientific publications on sustainability modeling of energy and
-materials demand systems, with particular focuses on data centers and IT
- systems. He holds a Ph.D. in mechanical engineering from UC Berkeley,
-with a focus on sustainable manufacturing.
Having built a decentralized consensus system using Proof-of-Work (http://dx.doi.org/10.1145/945445.945451)
- the author has the technical knowledge to explain the design faults and
- limitations of permissionless blockchain systems, as well as
-highlighting the economic and environmental issues. Summary of critique:
-
-
-
That the externalities I describe don't exist. You'll have a hard
-time proving that the waste of electricity and hardware, and the crime
-wave, are imaginary.
-
That although the externalities do exist, the benefits of
-decentralization outweigh them. The problem here is that since the
-systems are not actually decentralized, we get the externalities but
-don't get the benefits.
-
That although the externalities do exist, and the systems aren't
-dencentralized, they're making so much money that we shouldn't worry.
-The problem here is that the amount of actual money you can get out of a
- cryptocurrency equals the amount of actual money that has been put in,
-minus the actual costs of mining. So the big picture is that although
-there may be winners, in aggregate the system loses money.
-
-
-
-
-
Attachments
-
-
Snapshot
-
-
-
-
-
-
Ein Blick auf aktuelle Entwicklungen bei Blockchains und deren Auswirkungen auf den Energieverbrauch
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Johannes Sedlmeir
-
-
-
Author
-
Hans Ulrich Buhl
-
-
-
Author
-
Gilbert Fridgen
-
-
-
Author
-
Robert Keller
-
-
-
Abstract
-
The enormous power consumption of Bitcoin has led to
-undifferentiated discussions in science and practice about the
-sustainability of blockchain and distributed ledger technology in
-general. However, blockchain technology is far from homogeneous—not only
- with regard to its applications, which now go far beyond
-cryptocurrencies and have reached businesses and the public sector, but
-also with regard to its technical characteristics and, in particular,
-its power consumption. This paper summarizes the status quo of the power
- consumption of various implementations of blockchain technology, with
-special emphasis on the recent ‘‘Bitcoin Halving” and so-called
-‘‘zk-rollups”. We argue that although Bitcoin and other proof-of-work
-blockchains do indeed consume a lot of power, alternative blockchain
-solutions with significantly lower power consumption are already
-available today, and new promising concepts are being tested that could
-further reduce in particulary the power consumption of large blockchain
-networks in the near future. From this we conclude that although the
-criticism of Bitcoin's power consumption is legitimate, it should not be
- used to derive an energy problem of blockchain technology in general.
-In many cases in which processes can be digitized or improved with the
-help of more energy-efficient blockchain variants, one can even expect
-net energy savings.
Embedding into an Emerging Money System: The Case of Bitcoin
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Alexander B. Kinney
-
-
-
Abstract
-
As global economic crises place the issue of money at the
-forefront of media attention, a growing minority are turning to
-“cryptocurrencies” as an emerging digital alternative to state-issued
-currencies. Bitcoin, the most popular version of this emerging medium,
-is a useful proxy to answer a key question to the sociology of money:
-how do people embed themselves into an emerging money system, and what
-role does value play in this process? Drawing on 23 interviews with
-Bitcoin adopters, I find that embedding into Bitcoin is closely tied to
-personal experience and temporal contexts. This study demonstrates that
-the adoption of Bitcoin follows a distinct process. First adopters
-discover the value Bitcoin on their own terms. Next, they reflexively
-overcome challenges to these initial perceptions of value. Finally, they
- reaffirm their embeddedness in the system through rituals of
-commitment. This finding has implications for the sociology of money and
- economic sociology by distilling the connection between fictional
-expectations that are used to anchor value systems and the social
-construction of monetary utilities and group identities. Additionally,
-this connection helps to unpack how Bitcoin continues to mature as a
-money system despite being characterized by diverse adopters that often
-engage in economically inefficient activities.
Emerging Canadian Crypto-Asset Jurisdictional Uncertainties and Regulatory Gaps
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Ryan Clements
-
-
-
Date
-
2021
-
-
-
Volume
-
37
-
-
-
Publication
-
Banking and Finance Law Review
-
-
-
Date Added
-
21/02/2022, 13:52:15
-
-
-
Modified
-
21/02/2022, 13:52:15
-
-
-
-
-
-
-
Energy consumption boomtowns in the United States: Community responses to a cryptocurrency boom
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Pierce Greenberg
-
-
-
Author
-
Dylan Bugden
-
-
-
Abstract
-
While scholars have studied the impacts of energy development
-booms on local communities in the U.S., much less is known about towns
-experiencing energy consumption booms from industries such as
-cryptocurrency mining. This article proposes that energy consumption
-boomtowns are unique in the risks, benefits, and conflicts they
-create—and that they provide fruitful areas of research for energy
-social scientists. We illustrate this point with a brief case study of
-Chelan County, Washington—where an influx of crypto mining over the past
- five years has stirred community debate. We collected more than 100
-newspaper articles, public comments, and public meeting recordings to
-identify the cautions, hesitations, and criticisms that have caused
-local regulators to take a precautionary approach. We highlight five key
- points of the debate that may be of interest to energy social
-scientists: (1) impacts on the local energy supply and prices, (2)
-unclear socioeconomic benefits to the county, (3) the illegitimacy of
-cryptocurrency, (4) environmental considerations, and (5) a disconnect
-with local legacy industries and community economic identity. We
-conclude by proposing areas of future social science research on energy
-consumption booms.
Energy Consumption of Cryptocurrencies Beyond Bitcoin
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Ulrich Gallersdörfer
-
-
-
Author
-
Lena Klaaßen
-
-
-
Author
-
Christian Stoll
-
-
-
Date
-
2020
-
-
-
Extra
-
Publisher: Elsevier
-
-
-
Publication
-
Joule
-
-
-
Date Added
-
21/02/2022, 13:52:13
-
-
-
Modified
-
21/02/2022, 13:52:13
-
-
-
-
-
-
-
Energy Consumption of Cryptocurrencies Beyond Bitcoin
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Ulrich Gallersdörfer
-
-
-
Author
-
Lena Klaaßen
-
-
-
Author
-
Christian Stoll
-
-
-
Author
-
Ulrich Gallersdo
-
-
-
Author
-
Lena Klaaßen
-
-
-
Author
-
Christian Stoll
-
-
-
Author
-
Ulrich Gallersdo
-
-
-
Abstract
-
Bitcoin's energy hunger has triggered a passionate debate
-about the energy consumption of cryptocurrencies. Most studies have been
- focusing exclusively on Bitcoin and ignored the more than 500 further
-mineable coins and tokens. Here we analyze 20 cryptocurrencies, which
-account for more than 98% of the total market capitalization of
-cryptocurrencies. We conclude that Bitcoin accounts for 2/3 of the total
- energy consumption of cryptocurrencies and understudied
-cryptocurrencies represent the remaining 1/3.
Energy consumption of cryptocurrency mining: A study of electricity consumption in mining cryptocurrencies
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Jingming Li
-
-
-
Author
-
Nianping Li
-
-
-
Author
-
Jinqing Peng
-
-
-
Author
-
Haijiao Cui
-
-
-
Author
-
Zhibin Wu
-
-
-
Abstract
-
Cryptocurrency is a relatively new combination of cryptology
-and currency in financial areas and is increasingly frequently used
-worldwide. Blockchain applications are expected to reshape the renewable
- energy market. However, there is a lack of studies covering the power
-usage of digital currencies. Therefore, this study ran experiments on
-mining efficiency of nine kinds of cryptocurrencies and ten algorithms. A
- comparison of statistical analysis of data in a benchmark and
-experiment results of Monero mining was conducted. Thereafter, this
-study provided an estimation of global electricity consumption of the
-Monero mining activity. The results indicated that the hashing algorithm
- mainly determines the mining efficiency. Data analysis and experiments
-and estimated Monero mining electricity consumption in the world and its
- carbon emission in China as a case study. In 2018, Monero mining may
-consume 645.62 GWh of electricity in the world after its hard fork. The
-Monero mining in China may consume 30.34 GWh and contribute a carbon
-emission of 19.12–19.42 thousand tons from April to December in 2018.
-Although cryptocurrency mining and blockchain technology are promising,
-their influence on energy conversation and sustainable development
-should be further studied.
Energy consumption of cryptocurrency mining: A study of electricity consumption in mining cryptocurrencies
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Jingming Li
-
-
-
Author
-
Nianping Li
-
-
-
Author
-
Jinqing Peng
-
-
-
Author
-
Haijiao Cui
-
-
-
Author
-
Zhibin Wu
-
-
-
Abstract
-
Cryptocurrency is a relatively new combination of cryptology
-and currency in financial areas and is increasingly frequently used
-worldwide. Blockchain applications are expected to reshape the renewable
- energy market. However, there is a lack of studies covering the power
-usage of digital currencies. Therefore, this study ran experiments on
-mining efficiency of nine kinds of cryptocurrencies and ten algorithms. A
- comparison of statistical analysis of data in a benchmark and
-experiment results of Monero mining was conducted. Thereafter, this
-study provided an estimation of global electricity consumption of the
-Monero mining activity. The results indicated that the hashing algorithm
- mainly determines the mining efficiency. Data analysis and experiments
-and estimated Monero mining electricity consumption in the world and its
- carbon emission in China as a case study. In 2018, Monero mining may
-consume 645.62 GWh of electricity in the world after its hard fork. The
-Monero mining in China may consume 30.34 GWh and contribute a carbon
-emission of 19.12–19.42 thousand tons from April to December in 2018.
-Although cryptocurrency mining and blockchain technology are promising,
-their influence on energy conversation and sustainable development
-should be further studied.
The Ethereum ecosystem is maintained by a distributed global
-network of computers that currently require massive amounts of
-computational power. Previous work on estimating the energy use and
-emissions of the Ethereum network has relied on top-down economic
-analysis and rough estimates of hardware efficiency and emissions
-factors. In this work we provide a bottom-up analysis that works from
-hashrate to an energy usage estimate, and from mining locations to an
-emissions factor estimate, and combines these for an overall emissions
-estimate.
Ethereum: A Next-Generation Smart Contract and Decentralized Application Platform.
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Vitalik Buterin
-
-
-
Date
-
2014
-
-
-
Language
-
en
-
-
-
Library Catalog
-
Zotero
-
-
-
Pages
-
36
-
-
-
Date Added
-
28/02/2022, 12:34:21
-
-
-
Modified
-
28/02/2022, 12:34:36
-
-
-
Notes:
-
-
-
Read/Eilidh
-
-
-
Attachments
-
-
Buterin - Ethereum A Next-Generation Smart Contract and Dec.pdf
-
-
-
-
-
-
Evaluating complementary currencies: from the assessment of
-multiple social qualities to the discovery of a unique monetary
-sociality
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Luigi Doria
-
-
-
Author
-
Luca Fantacci
-
-
-
Abstract
-
The phenomenon of complementary currencies has experienced in
-recent years a significant evolution both in terms of the sheer number
-of initiatives and in terms of their ability to attract the attention of
- academia, politics and media. The spread of these experiments and the
-increasing involvement of public institutions have led to a growing
-demand for evaluation procedures specifically targeted at CCs, both as
-economic experiments and as public policy initiatives. The task of
-evaluation confronts the peculiar multidimensional character of
-complementary currencies. One of the traits that is commonly recognized
-as a characteristic of CCs is indeed the presence, alongside more
-strictly economic dimensions, of multiple social dimensions and aims.
-Some evaluation models therefore attempt to measure—through the
-identification of multiple variables, and of corresponding
-indicators—the impacts of complementary currencies in terms of a wide
-range of expected social or economic objectives. This paper intends to
-question the sufficiency of similar approaches. We will argue that those
- approaches risk to overshadow a peculiar form of sociality which may
-emerge particularly in certain types of complementary currency
-experiments. The paper highlights the significance of this sociality and
- the relevance of its analysis for the advancement of evaluation
-practices in the field of monetary innovation.
Between Truth and Power: The Legal Constructions of Informational Capitalism
-
-
-
Date Added
-
02/03/2022, 08:25:11
-
-
-
Modified
-
02/03/2022, 08:25:11
-
-
-
Tags:
-
-
_LATEST
-
LAW & SMART
-
LAW & SMART_CULTURE
-
-
-
-
-
-
Evil Money: Encounters along the money trail
-
-
-
Type
-
Book
-
-
-
Author
-
Rachel Ehrenfeld
-
-
-
Date
-
1994
-
-
-
Publisher
-
SP Books
-
-
-
Date Added
-
21/02/2022, 13:52:14
-
-
-
Modified
-
21/02/2022, 13:52:14
-
-
-
-
-
-
-
Exit to Community: Strategies for Multi-Stakeholder Ownership in the Platform Economy
-
-
-
Type
-
Journal Article
-
-
-
Author
-
N. Mannan, M. & Schneider
-
-
-
Abstract
-
The platform economy1 is facing a crisis of accountability.
-Large Internet platforms, once regarded as sources of hope for
-democratic social movements or engines of a promising new economy—or, at
- worst, just superficial distractions—are now facing serious public
-scrutiny across the globe. The executives of Facebook, Google, and
-Twitter have been called before the U.S. Congress to account for their
-roles in enabling foreign election interference. Scholars have raised
-concerns about algorithmic, data-driven business models,2 the
-exploitation of digital labor,3 the abuse of market power,4 corporate
-governance failures,5 manipulation by oppressive governments,6 opacity
-and arbitrariness in content moderation,7 and corporate surveillance,8
-to name just a few in an ever-growing body of literature on the
-depredations of the platform economy. Part of the urgency surrounding
-such concerns lies in the fact that some platforms are near-impossible
-to escape. Internet users, and societies as a whole, have difficulty
-opting out of their services.9 Companies like Facebook, for instance,
-track users across the Web and create shadow user profiles even when the
- user does not have an account on their platforms.10 Not using such
-platforms means forgoing essential opportunities for work and social
-life—even access to basic services.11 By not using social media
-platforms such as Facebook, people deprive themselves of one of the
-“most powerful mechanisms” to make their voices heard.12 Conversely, for
- those who use such services, exit is not a costless exercise, as it
-involves the irrecoverable loss of social capital, reputational cachet,
-and assets.13
The previous generation of shared protocols (TCP/IP, HTTP,
-SMTP, etc.) produced immeasurable amounts of value, but most of it got
-captured and re-aggregated on top at the applications layer, largely in
-the form of data (think Google, Facebook and so on). The Internet stack,
- in terms of how value is distributed, is composed of “thin” protocols
-and “fat” applications.
-This relationship between protocols and applications is reversed in the
-blockchain application stack. Value concentrates at the shared protocol
-layer and only a fraction of that value is distributed along at the
-applications layer. It’s a stack with “fat” protocols and “thin”
-applications.
Finance beyond function: Three causal explanations for financialization
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Aaron Z. Pitluck
-
-
-
Author
-
Fabio Mattioli
-
-
-
Author
-
Daniel Souleles
-
-
-
Abstract
-
This article suggests that it is advantageous for social
-scientists to deliberatedly depart from functionalist theories seeking
-to explain the expansion of financial instruments and logics across
-social life. Rather we identify three causes for financialization from
-three extant clusters of scholastic activity: an organic policial
-economy that sees finance expanding as a product or by-product of larger
- state and imperlial-level politcal strucggles, a prelational sociology
-that sees the ways that finance expands by becoming another medium for
-expressing and constraining social relationships, and a cultural
-analysis that observes the increasing redefinition of discursive and
-material practices as financial. Across this larger discussion, we
-introduce and situate the contributions to this journal's special issue
-on financialization.
Financial capital goes to heaven: Bitcoin, fintech 3.0 and the massification of the indebted man
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Leonardo Gabriel De Marchi
-
-
-
Abstract
-
The article analyzes Bitcoin cryptocurrency as part of a new
-sector of the financial market, fintech 3.0. Subscribing to Maurizio
-Lazzarato's thesis that the category of the indebted man would be the
-form of governmentality of contemporary capitalism, it is discussed how
-Bitcoin works as a vector of expansion of the social logic of
-indebtedness to a portion of the population. At first, I propose to
-think of cryptocurrency as media. Below, I present a genealogy of the
-ideologies that animated the creation of Bitcoin, in order to
-demonstrate the libertarian values that guided the design of this new
-technology. Finally, I discuss how fintech 3.0 spreads the social logic
-of the indebted man through personal digital devices
Financial eschatology and the libidinal economy of leverage
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Amin Samman
-
-
-
Author
-
Stefano Sgambati
-
-
-
Abstract
-
Apocalyptic thinking has a long religious and political
-tradition, but what place does it occupy within the temporal universe of
- contemporary capitalism? In this essay, we use the figure of the
-eschaton to draw out the loaded and ambiguous character of the future as
- it emerges through the condition of indebtedness. This entails a
-departure from political economy accounts of capitalist futurity, which
-stress the structural logic of financial speculation, in favour of an
-existential account that begins instead with the cosmology of money and
-debt. We argue that finance capital's fixation on the future has
-produced a very specific form of apocalyptic imagination, characteristic
- of financial society and built on a libidinal economy of leverage.
-Rather than offering an ecstatic end to the global process of
-financialization, financial eschatologies bind the contemporary subject
-to debt and indebtedness to the very end: an endless apocalypse,
-premised on the ends of finance itself.
Financial Literacy and Attitudes to Cryptocurrencies
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Georgios A Panos
-
-
-
Author
-
Tatja Karkkainen
-
-
-
Date
-
2019
-
-
-
Publication
-
Available at SSRN 3482083
-
-
-
Date Added
-
21/02/2022, 13:52:14
-
-
-
Modified
-
21/02/2022, 13:52:14
-
-
-
-
-
-
-
Financial regulation in the age of the platform economy
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Barry Eichengreen
-
-
-
Abstract
-
Platform businesses allow for collaboration with
-nontraditional partners and bring together different categories of
-customers, in the financial context savers and investors or lenders and
-borrowers, creating large, scalable networks of users. Their entry into
-finance promises potential benefits to consumers in the form of new
-products, lower prices, wider choice, and enhanced consumer experience.
-At the same time, their new business models and technologies potentially
- threaten the dominant position of traditional financial services
-providers and create challenges for regulators. Platform businesses can
-use their preferential access to customer data to skim off high-quality
-loans, leaving only low-quality customers for other lenders. Their
-ability to offer complementary nonfinancial services that cannot be
-supplied by FinTech start-ups and banks can make it difficult or
-unattractive for customers to switch to alternative providers. This
-danger is especially acute when BigTech firms have monopoly power in
-other markets that complement financial services.
Fractional ownership, democratization, and bubble formation - The impact of blockchain enabled asset tokenization
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Soyeon Kim
-
-
-
Abstract
-
Motivated by the growing importance of research on blockchain
-applications, this paper conceptualizes the potential impact of
-blockchain enabled asset tokenization. Asset tokenization is the process
- of converting real-world assets to digital tokens and trading them
-fractionally based on a blockchain platform and its smart contract
-function. This research hypothesizes that tokenizing the asset increases
- its price by improving the democracy of the market and its liquidity,
-and eventually results in a price bubble, although it is not clear how
-long it will last. Furthermore, this impact is hypothesized to be
-greater on the previously lesser-known assets, because of the dominant
-investor sentiment and valuation subjectivity. Specifically, the art
-market is designated as a research context because blockchain
-applications has been expected to innovate the market by resolving its
-problems of centralization, inefficiency, and information asymmetry.
From Athens to the Blockchain: Oracles for Digital Democracy
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Marta Poblet
-
-
-
Author
-
Darcy W. E. Allen
-
-
-
Author
-
Oleksii Konashevych
-
-
-
Author
-
Aaron M. Lane
-
-
-
Author
-
Carlos Andres Diaz Valdivia
-
-
-
Abstract
-
\ldots This is an important development for facilitating
-longer-term exchanges that require a level of certainty over the future
-value of payment \ldots An example of data feed could be a monthly
-unemployment rate by a government source, or the daily number of
-Covid-19 global cases by \ldots
From cryptocurrencies to cryptocourts: blockchain and the financialization of dispute resolution platforms
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Matthew Dylag
-
-
-
Author
-
Harrison Smith
-
-
-
Abstract
-
This paper contributes to emerging discussions of blockchain
-governance through an analysis of dispute resolution platforms that
-reimagine justice. We focus specifically on Kleros, a blockchain-enabled
- dispute resolution platform, that promises to secure, authenticate, and
- democratize access to justice for the twenty-first century. We advance
-the concept of cryptocourts whereby jurors, incentivized by accumulating
- cryptocurrency, rapidly mobilize using principles of on-demand
-crowdsourcing to resolve disputes. We critique the broader social
-imaginaries that cryptocourts such as Kleros will result in a more open,
- trustworthy, transparent, and democratic systems of justice. These
-platforms instead pose important questions concerning their potential
-impact on civil dispute resolution practices by embedding it within an
-economy of cryptocurrency speculation. This ostensibly results in a
-legal infrastructure founded on principles of financial acquisition that
- positions jurors as economic agents seeking to profit from disputes,
-and courts as computational systems that merely authenticate and secure
-the distribution of evidence and verdicts.
From Libra to Diem. The Pursuit of a Global Private Currency
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Ivan Pupolizio
-
-
-
Abstract
-
The official launch of the Libra project in 2019, and the
-subsequent troubles experienced by the project, stimulated a vigorous
-debate, from different perspectives, on the pros and cons of a private
-currency with global ambitions. This paper describes the main
-characteristics of Libra and of its heir, Diem, locating both in a
-partial taxonomy of the increasingly crowded field of so-called 'digital
- currencies'. In the light of the distinguishing features and risks of
-such an ambitious project, the paper also aims to assess the potential
-impact on a crucial issue of the present international monetary system:
-the power to create money.
Gamestop, Bitcoin and the Commoditization of Populist Rage
-
-
-
-
-
-
Generative Anger: From Social Enterprise to Antagonistic Economies
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Peter North
-
-
-
Author
-
Vicky Nowak
-
-
-
Author
-
Alan Southern
-
-
-
Author
-
Matt Thompson
-
-
-
Abstract
-
This essay offers conceptual development for thinking diverse
-economies in terms of their relationship to antagonism. Rather than
-seeing antagonism as unhelpfully fueling capitalocentric thinking, the
-essay argues that antagonism can usefully recognize and engage with
-problematic forms of power and domination. Building on calls for a
-closer engagement of community-economies thinking with wider
-anticapitalist praxis, the essay explores how social and solidarity
-economy (SSE) practices sometimes reproduce, sometimes challenge, and
-sometimes build alternatives to forms of power that attempt to shape,
-obstruct, and obliterate attempts to create better worlds. The essay
-develops conceptualizations of social enterprise, the social economy,
-and solidarity economies before offering the novel concept of the
-antagonistic economy, arguably a site from which angry opposition to
-constraining power relations can generate a more productive politics of
-possibility. The conception of the antagonistic economy is developed by
-discussion of taking back labor through recovered factories and land
-through community land trusts.
Global Stablecoins: Monetary Policy Implementation Considerations from the U.S. Perspective
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Matthew Malloy
-
-
-
Author
-
David Lowe
-
-
-
Abstract
-
This note explores the potential effects of the widespread
-adoption of a global stablecoin (GSC) on key aggregate financial sector
-balance sheets in the United States. To do this, we map out cash flows
-of GSC transactions among financial sector entities using a stylized set
- of 't-accounts'. By analyzing these individual transactions, we infer
-aggregate and compositional effects on U.S. commercial banking sector
-and Federal Reserve balance sheets. Through this lens, we also consider
-how these balance sheet changes could affect monetary policy
-implementation, the demand for central bank reserves, and the market for
- U.S. dollar safe assets.
Göttliche Protokolle, Bitcoin-Jünger und schattenhafte Herrscher:
- Über die religiösen Anwandlungen und ideologischen Verstrickungen der
-Blockchain-Technologie
-
-
-
Type
-
Manuscript
-
-
-
Author
-
Katrin Becker
-
-
-
Date
-
2022
-
-
-
Date Added
-
02/03/2022, 08:25:11
-
-
-
Modified
-
02/03/2022, 08:25:11
-
-
-
Tags:
-
-
LAW & SMART
-
-
-
-
-
-
Governance and Design of Digital Platforms: A Review and Future Research Directions on a Meta-Organization
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Liang Chen
-
-
-
Author
-
Tony W. Tong
-
-
-
Author
-
Shaoqin Tang
-
-
-
Author
-
Nianchen Han
-
-
-
Abstract
-
The burgeoning digital-platforms literature across multiple
-business disciplines has primarily characterized the platform as a
-market or network. Although the organizing role of platform owners is
-well recognized, the literature lacks a coherent approach to
-understanding organizational governance in the platform context. Drawing
- on classic organizational governance theories, this paper views digital
- platforms as a distinct organizational form where the mechanisms of
-incentive and control routinely take center stage. We systematically
-review research on digital platforms, categorize specific governance
-mechanisms related to incentive and control, and map a multitude of
-idiosyncratic design features studied in prior research onto these
-mechanisms. We further develop an integrative framework to synthesize
-the review and to offer novel insights into the interrelations among
-three building blocks: value, governance, and design. Using this
-framework as a guide, we discuss specific directions for future research
- and offer a number of illustrative questions to help advance our
-knowledge about digital platforms' governance mechanisms and design
-features.
-
-
-
Date
-
2022
-
-
-
Extra
-
Publisher: SAGE Publications Sage CA: Los Angeles, CA
Governance in Blockchain Technologies & Social Contract Theories
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Wessel Reijers
-
-
-
Author
-
Fiachra O'Brolcháin
-
-
-
Author
-
Paul Haynes
-
-
-
Abstract
-
This paper is placed in the context of a growing number of
-social and political critiques of blockchain technologies. We focus on
-the supposed potential of blockchain technologies to transform political
- institutions that are central to contemporary human societies, such as
-money, property rights regimes, and systems of democratic governance.
-Our aim is to examine the way blockchain technologies canbring about -
-and justify - new models of governance. To do so, we draw on the
-philosophical works of Hobbes, Rousseau, and Rawls, analyzing blockchain
- governance in terms of contrasting social contract theories. We begin
-by comparing the justifications of blockchain governance offered by
-members of the blockchain developers' community with the justifications
-of governance presented within social contract theories. We then examine
- the extent to which the model of governance offered by blockchain
-technologies reflects key governance themes and assumptions located
-within social contract theories, focusing on the notions of sovereignty,
- the initial situation, decentralization and distributive justice.
Governing Objects from a Distance : Blockchains as Organizers of Environmentality
-
-
-
Type
-
Book Section
-
-
-
Author
-
Oliver Leistert
-
-
-
Abstract
-
Of the phenomena in the field of media technologies that have
-conquered imaginations and funding buckets recently, blockchain
-technologies, next to artificial intelligence and machine learning,
-might be considered the most striking example. The blockchain
-constitutes a protocological internet layer for values that corresponds
-to a continuing monetization pressure and ongoing expansion of
-identification strategies. Notwithstanding these trajectories, behind
-this prospective killer application resides first of all a sovereign
-chronological regime that has the capacities to prove and modulate the
-existence, identity and administration of data, assets, goods and
-services from a distance on granular scales.
-
-
-
Date
-
2020
-
-
-
Extra
-
DOI: https://doi.org/10.25969/mediarep/14853
-
-
-
Place
-
Lüneburg
-
-
-
Publisher
-
meson press
-
-
-
Pages
-
1–21
-
-
-
Book Title
-
Explorations in Digital Cultures
-
-
-
Date Added
-
02/03/2022, 08:20:47
-
-
-
Modified
-
02/03/2022, 08:20:47
-
-
-
Tags:
-
-
Blockchain
-
PROCESSED
-
POLITICS_GOVERNANCE
-
Control
-
digitale Kultur
-
Kontrolle
-
Poperty Regime
-
-
-
-
-
-
Governing Socio-Technical Systems: Internal Governance of Decentralized Blockchain-Based Networks
-
-
-
Type
-
Thesis
-
-
-
Author
-
Florian Lukas Helfrich
-
-
-
Abstract
-
Along with the emerging use of cryptocurrency systems, new
-forms of decentralised blockchain-based networks are envisioned and
-being developed. These networks are extending the scope of using
-blockchain technology beyond solely financial contexts into novel fields
- of application. Investigating the ways in which such networks are
-implemented in societies and how they are governed requires
-understanding the underlying technical structures, social practices and
-forms of governance within such networks. Investigating these internal
-aspects of decentralised blockchain-based networks is the main focus of
-this thesis. Drawing on accounts in the field of science and technology
-studies (STS), this thesis will elaborate on decentralised
-cryptocurrency systems as being constituted by technical aspects of
-their infrastructure, as well as the social relations within them.
-Building upon an understanding of the socio-technical structure of such
-systems, the influence of their decentralised character on the
-constitution of user identities is presented. It will be investigated
-how the socio-technical character and decentralised structure of
-cryptocurrency systems leads to new forms of governance within them and,
- correspondingly, in the decentralised blockchain-based networks they
-are a part of. Two illustrative cases of decentralised blockchain-based
-networks in electricity markets and the forms of governance within them
-will be examined.
Hacker-engineers and Their Economies: The Political Economy of Decentralised Networks and ‘Cryptoeconomics'
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Jaya Klara Brekke
-
-
-
Abstract
-
Research by political economists typically highlights
-policymakers, regulators, economists and consultants as the makers of
-economies. This paper foregrounds a different actor entirely, what I
-call the ‘hacker-engineer' as an important protagonist in the making of
-decentralised digital network economies that are forged through the
-emerging field of ‘cryptoeconomics' and blockchain and other distributed
- ledger technologies. Responding to critical literature stating that
-blockchain and ‘cryptoeconomics' merely extend neoliberal processes of
-economisation, the paper recovers the neglected hacker culture of
-cypherpunk and histories of peer-to-peer decentralised networks in order
- to foreground concerns that depart from the continuation of economics
-and economies as usual. Hacker-engineers are dedicated to
-decentralisation as a ‘disruptive' response to network control and
-surveillance, and share a pragmatist sensibility that seeks to make
-decentralised networks ‘work' in order to provide informational security
- and privacy. While further broadening the range of agents that provide
-the focus for political economy research into the production of
-economies, the paper also draws attention to the technical decisions of
-hacker-engineers that attempt to reconfigure the material
-infrastructures of digital economies.
The emergence of cryptocurrencies has been one of the most
-notable monetary phenomenon of the last decade. Many academics and
-analysts have found a clear precedent to this event in Friedrich Hayek's
- latest monetary work, Denationalization of money. The aim of this
-article is to analyze what we can learn about cryptocurrencies by
-re-reading this book. As will be proven, Hayek would surely have
-rejected the idea that Bitcoin and cryptocurrencies with similar
-characteristics could be accepted as money in the market. Furthermore,
-this paper will prove that a very close connection between Stablecoins
-and private money exists, following the Austrian economist's predictions
- in a context of monetary competition.
-
-
-
Date
-
2020
-
-
-
Volume
-
7
-
-
-
Pages
-
15–28
-
-
-
Publication
-
Iberian Journal of the History of Economic Thought
Here Be Dragons – Maintaining Trust in the Technologized Public Sector
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Balázs Bodó
-
-
-
Author
-
Heleen Janssen
-
-
-
Abstract
-
Emerging technologies, such as AI systems, distributed
-ledgers, but also private e-commerce and telecommunication platforms
-have permeated every aspect of our social, economic, political
-relations. Various bodies of the state, from education, via law
-enforcement to healthcare also increasingly rely on technical components
- to provide cheap, efficient public services, and supposedly fair,
-transparent, disinterested, accountable public administration. Most of
-these technical components are provided by private parties who designed,
- developed, trained, and maintain the technical components of public
-infrastructures. The rapid, and often unplanned, and uncontrolled
-technologization of public services (as happened, for example in the
-rapid adoption of distance learning and teleconferencing systems during
-the COVID lockdowns) inseparably link the perception of the quality,
-trustworthiness, effectiveness of public services and the public bodies
-which provision them to the successes and failures of their private,
-technological components: if the government's welfare fraud AI system
-fails, it is the confidence in the governments which is ultimately
-hit.In this contribution we explore how the use of potentially
-untrustworthy private technological systems in the public sector may
-affect the trust in government. We argue that citizens' and business'
-trust in government is a valuable asset, which came under assault from
-many dimensions. The increasing reliance on private technical components
- in government is in part a response to protect this trust, but in many
-cases, it opens up new forms of threats and vulnerabilities, because the
- trustworthiness of many of these private technical systems is, at best,
- questionable, particularly where it is deployed in the context of
-public sector trust contexts. We consider a number of policy options to
-protect the trust in government even if some of their technological
-components are fundamentally untrustworthy.
How Dirty Money Disappears Into the Black Hole of Cryptocurrency - WSJ
-
-
-
-
-
-
How metaphors matter: an ethnography of blockchain-based re-descriptions of the world
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Sandra Faustino
-
-
-
Abstract
-
This paper explores the role of metaphors in the production of
- re-descriptions of the world within the framework of technological
-design processes. Drawing on a collaborative ethnography with the
-Economic Space Agency (ECSA), a start-up developing post-blockchain
-technology, this paper illustrates how metaphors mimic the toponymy of
-decentralized material infrastructures, while simultaneously pushing
-forward ‘posthuman' values that are expected to become fixated through
-software. Through an analysis of a ‘collection' of metaphors produced by
- ECSA, this paper sheds light on the work performed by specific
-vocabularies, within technological communities, in shaping a symbiotic
-relationship between futuristic politics and material culture.
How to Build a Better Internet: 10 Principles for World leaders Shaping the Future of Web3
-
-
-
Type
-
Web Page
-
-
-
Author
-
Tomicah Tillemann
-
-
-
Author
-
James Rathmell
-
-
-
Abstract
-
The year 2021 marked a watershed moment for web3. Significant
-numbers of policymakers began to grasp the potential of web3 to
-democratize access to opportunity, provide individuals with more control
- of their data, and build a better internet. In the …
How to Make Sure My Cryptokitties Are Here Forever? The Complementary Roles of Blockchain and the Law to Bring Trust
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Charlotte Ducuing
-
-
-
Abstract
-
Under the phrase "code is law" and based on its "trustless
-trust", blockchain has emerged as a disrupting technology considered by
-some as an alternative to the law. Based on a study of real-life
-blockchain-based decentralised applications (Dapps), this article takes
-blockchain developers at their word and adopts the point of view of
-users: can blockchain live up to its promise and enable them to transact
- with each other without the need for the trust granted by the law? The
-article particularly highlights that users need to be able to ascertain
-that a self-advertised Dapp indeed qualifies as one. Blockchain
-technology may make it possible to do away with trust in third parties,
-but this is not enough. Users also need to trust that an alleged Dapp
-genuinely is one, and blockchain alone cannot provide this. Beyond
-Dapps, it is argued that blockchain needs the complementary role of the
-law to deliver its promises and especially to authenticate blockchain
-"virtues". The EU certification mark is identified as a promising form
-of co-regulation for that purpose.
How Venture Capitalists Think Crypto Will Reshape Commerce
-
-
-
Type
-
Web Page
-
-
-
Author
-
New York Times
-
-
-
Abstract
-
From banking to gaming, investors are sending billions of
-dollars to crypto inventors who seek to disrupt industries. Here’s a
-look at some of those bets.
a16z's policy agenda for the third generation of the internet. October 2021.
-
-
-
-
-
Humans and technology: Forms of conjoined agency in organizations
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Alex Murray
-
-
-
Author
-
Jen Rhymer
-
-
-
Author
-
David G. Sirmon
-
-
-
Abstract
-
Organizations are increasingly deploying technologies that
-have the ability to parse through large amounts of data, acquire skills
-and knowledge, and operate autonomously. These technologies diverge from
- prior technologies in their capacity to exercise intentionality over
-protocol development or action selection in the practice of
-organizational routines, thereby affecting organizations in newand
-distinctways. In this article,we categorize four forms of conjoined
-agency between humans and technologies: (1) conjoined agency with
-assisting technologies, (2) conjoined agency with arresting
-technologies, (3) conjoined agency with augmenting technologies, and (4)
- conjoined agencywith automating technologies. We then theorize on the
-different ways in which these forms of conjoined agency impact a
-routine's change at a particular moment in time as well as a routine's
-responsiveness to feedback over time. In doing so, we elaborate on how
-organizations may evolve in varied and diverse ways based on the form(s)
- of conjoined agency they deploy in their organizational design choices.
-
-
-
Date
-
2021
-
-
-
Extra
-
Publisher: Academy of Management Briarcliff Manor, NY
Ideologies and Imaginaries in Blockchain Communities: The Case of Ethereum
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Ann Brody
-
-
-
Author
-
Stéphane Couture
-
-
-
Abstract
-
Background: Academic literature on blockchains has focused on
-Bitcoin, which is traditionallyassociated with right-wing
-libertarianism. This article looks at Ethereum, an alternative that
-emerged in Canada and is now the second most used blockchain technology
-after Bitcoin. Analysis: Using participatory observation supplemented
-with publicly available material, this article examines the ideologies
-and imaginaries surrounding Ethereum and how they are articulated with
-its technical design.Conclusion and implications: Ethereum's design
-ostensibly widens the ideological spectrum of cryptocurrency while
-“masking” certain currency ideologies still prominent within it. This
-complicates the distinction seen in the literature between blockchain as
- currency and blockchain as media and points to the increasing need to
-study non-currency-based blockchain technologies. Contexte : La
-recherche sur les blockchains s'est surtout attardé à Bitcoin, en
-l'associant aux idéologies libertariennes. Cet article aborde Ethereum,
-la technologie de blockchain la plus utilisée après Bitcoin.Analyse :
-Basé sur l'observation participante et du matériel publiquement
-accessible, l'article analyse les idéologies et imaginaires entourant
-Ethereum et leur articulation avec son design technique.Conclusion et
-implications : Ethereum élargit le spectre idéologique des blockchains
-tout en «masquant» certaines idéologies monétaires toujours
-proéminentes. Cela complique la distinction énoncée dans la littérature
-entre blockchains comme monnaie et blockchains comme média, etc.
Ideology, attitudinal positioning, and the blockchain: a social
-semiotic approach to understanding the values construed in the
-whitepapers of blockchain start-ups
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Olivia Inwood
-
-
-
Author
-
Michele Zappavigna
-
-
-
Abstract
-
Recent work on algorithmic bias has shown that understanding
-the values embedded in technology design processes is important for
-avoiding social harm. This paper explores the attitudes construed in
-whitepapers of blockchain technology start-ups. Blockchain technology is
- a relatively new phenomenon that has informed discourses about the
-future of governance and economics in relation to the internet. This
-study aims to understand the values discursively construed in the
-whitepapers of four blockchain start-ups: Steemit, Creativechain,
-Democracy Earth, and Bitnation. It adopts a corpus linguistics approach,
- and uses the Appraisal framework (Martin, J. R., and P. R. R. White.
-2005. The Language of Evaluation: Appraisal in English. New York:
-Palgrave Macmillan) to analyse the evaluative meanings expressed in the
-whitepaper dataset. This analysis reveals that the blockchain start-ups
-manifest shared values around the concepts of decentralisation, trust in
- algorithms, and trust in individuals over institutions. The start-ups
-enact different political orientations, expressing ideals related to the
- digital commons, cyber-libertarianism, and capitalism. The corpus-based
- linguistic analysis used in this study offers a method that may be
-applicable to other areas of technology discourse where whitepapers and
-design documents tend to embed covert political and ideological
-positions.
Ignorance, debt, and cryptocurrencies: The old and the new in the law and economics of concurrent currencies
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Hossein Nabilou
-
-
-
Author
-
André Prüm
-
-
-
Abstract
-
Cryptocurrencies are expected to have a significant impact on
-banking, finance, and monetary systems. Due to the uncertainty as to the
- possible future trajectories of the evolving cryptocurrency ecosystem,
-governments have taken a relatively hands-off approach to regulating
-such currencies. This approach may be justified within the theoretical
-information-economics framework of this paper, which draws parallels
-between the information economics of money and quasi-money creation
-within the current central banking, commercial banking, and shadow
-banking systems with that of the cryptocurrency ecosystem. In
-particular, drawing lessons from the literature on the role of
-information in creating 'safe assets', in this paper the authors find
-that by building on symmetric (common) knowledge as to the inner
-workings of the Bitcoin Blockchain-though in a different way-BTC
-possesses a degree of endogenous information insensitivity typical of
-safe assets. This endogenous information insensitivity could support
-BTC's promise of maturing into a viable store of value and a niche
-medium of exchange. This finding should not be overlooked in the policy
-discussions for potential future regulatory interventions in the
-cryptocurrency ecosystem.
IMF urges El Salvador to ditch bitcoin as legal tender | Financial Times
-
-
-
-
-
-
In blockchain they trust – Now, power to the people or to the invisible hand?
-
-
-
Type
-
Thesis
-
-
-
Author
-
Mateo Peyrouzet
-
-
-
Abstract
-
This dissertation provides an analysis of the ideological
-component behind the crypto-anarchist enthusiasm for the highly topical
-emerging technology of distributed ledger technology, commonly known as
-‘blockchain'. Philosophy of technology scholars have drawn attention to
-the fact that technologies can possess political properties and serve to
- reinforce or challenge power structures. Public blockchains have an
-unquestionable social and political character due to their capacity to
-facilitate the emergence of cryptographic, decentralized and reliable
-peer-to-peer networks. The exponential adoption of this disruptive
-technology, which is poised to cause transformational changes across
-socio-technical systems and organizational structures, means that both
-its political properties and the ideological forces behind its
-development as a political technology must be recognized. Accordingly,
-this dissertation engages with some of the most ideologically-driven
-projects aiming to tap into blockchain's political and economic
-potential, namely those of Bitcoin, FairCoin, Democracy Earth and
-Bitnation. These projects exemplify what is posited as the main
-ideological cleavage within crypto-anarchism, which revolves around the
-privileged agent and vision that should be empowered and trusted to
-capture the decentralizing potential offered by blockchain technology.
-The paper offers an original contribution by conceptualizing the
-cleavage as separating; ‘crypto-libertarians', whose neo-Hobbesian
-individualistic vision sees the invisible hand of the free market as the
- privileged agent driving a trustless technology; and
-‘crypto-commonists', whose collectivist vision regards blockchain as a
-trust-enabling technology that should be used to facilitate
-collaborative economic paradigms and participatory forms of e-democracy.
- The dissertation concludes that while both strands of blockchain
-enthusiasts have a shared interest in promoting personal privacy,
-radical transparency, and eroding the authority of nation-states, their
-diametrically opposed views on human nature and socio-economic
-organization seem presently irreconcilable. The research undertaken for
-this paper has covered a substantial breadth of the existing academic
-material concerning the philosophy and politics of blockchain
-technology, consulting books, journals, white papers and online
-articles. This dissertation contributes with an ideological
-conceptualization to the fields of techno-politics and blockch \ldots
-View full abstract
DOI: https://www.academia.edu/38081197/In_blockchain_they_trust_Now_power_to_the_people_or_to_the_invisible_hand
-Issue: May
-
-
-
# of Pages
-
68
-
-
-
Type
-
PhD Thesis
-
-
-
Date Added
-
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-
-
-
Modified
-
02/03/2022, 08:20:07
-
-
-
Tags:
-
-
PROCESSED
-
MY_GS
-
TRUST
-
-
-
-
-
-
In code (rs) we trust: Software developers as fiduciaries in public blockchains
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Angela Walch
-
-
-
Date
-
2019
-
-
-
Extra
-
Publisher: Chapter in Regulating Blockchain. Techno-Social and Legal Challenges, edited …
-
-
-
Date Added
-
02/03/2022, 09:32:12
-
-
-
Modified
-
02/03/2022, 09:32:12
-
-
-
-
-
-
-
In digital we trust: Bitcoin discourse, digital currencies, and decentralized network fetishism
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Jon Baldwin
-
-
-
Date
-
2018
-
-
-
Extra
-
Publisher: Palgrave
-
-
-
Volume
-
4
-
-
-
Pages
-
1–10
-
-
-
Publication
-
Palgrave Communications
-
-
-
Issue
-
1
-
-
-
Date Added
-
02/03/2022, 08:20:07
-
-
-
Modified
-
02/03/2022, 08:20:07
-
-
-
Tags:
-
-
PROCESSED
-
MY_GS
-
TRUST
-
-
-
-
-
-
Increasing standardization for smart(er) contracts
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Tarek Kadour Aleinieh
-
-
-
Author
-
Laura Zoboli
-
-
-
Abstract
-
Legal standardization traditionally played an important role
-in contractual relations. With technological and commercial development
-and expansion of trade from the individual and collective levels to
-internationalization, it became necessary to create a set of standards
-to keep pace with this development and facilitate the contractual
-process. Although smart contracts are considered a leap in the
-contractual relationship, it cannot be overlooked that these contracts
-share many characteristics with traditional contracts. To gain a greater
- position in the global market, smart contracts also need to be well
-functioning and efficient. In this context, the article tackles the
-phenomenon of legal standardization and identifies the main weaknesses
-of smart contracts—to answer two crucial questions: how can these
-contracts be smarter, and how should we employ standardization to ensure
- their efficiency?
Informed consent and the Facebook emotional manipulation study
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Catherine Flick
-
-
-
Date
-
2016
-
-
-
Extra
-
Publisher: SAGE Publications Sage UK: London, England
-
-
-
Volume
-
12
-
-
-
Pages
-
14–28
-
-
-
Publication
-
Research Ethics
-
-
-
Issue
-
1
-
-
-
Date Added
-
21/02/2022, 13:52:13
-
-
-
Modified
-
21/02/2022, 13:52:13
-
-
-
-
-
-
-
Infrastructures of trust and distrust: The politics and ethics of emerging cryptographic technologies
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Maja Hojer Bruun
-
-
-
Author
-
Astrid Oberborbeck Andersen
-
-
-
Author
-
Adrienne Mannov
-
-
-
Abstract
-
The authors of this article are engaged in anthropological
-research on the links between the growing interest in privacy and data
-security as a technical field and how notions of trust, security and
-accountability are practised in and beyond technical fields of
-cryptography, specifically a field called multi-party computation (MPC).
- They pursue the relationship between trust in different forms of
-cryptography – academic and activist – and notions of trust as they are
-articulated in relation to data security and the protection of citizens'
- data. There is a tension between the concerns raised in public debates
-about data security and the promises of emerging cryptographic
-protocols. In political speeches and public debates, citizens' trust
-that governments and tech companies will protect their data is framed as
- important and essential. In the environments of emerging cryptographic
-technologies, such as blockchains, bitcoin and MPC, a promise to provide
- ‘trustless trust' and abandon the need for trusted intermediaries,
-authorities and institutions is articulated.
Initial coin offerings: Financing growth with cryptocurrency token sales
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Sabrina T Howell
-
-
-
Author
-
Marina Niessner
-
-
-
Author
-
David Yermack
-
-
-
Date
-
2018
-
-
-
Publication
-
The Review of Financial Studies
-
-
-
Date Added
-
21/02/2022, 13:52:11
-
-
-
Modified
-
21/02/2022, 13:52:11
-
-
-
-
-
-
-
Initial coin offerings: Linking technology and financialization
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Matthew Zook
-
-
-
Author
-
Michael H. Grote
-
-
-
Abstract
-
This paper elaborates on the interactions between digital
-technologies and financial practices and how they contribute to the
-ongoing process of financialization. We focus on the circumstances of
-blockchain-based token offerings and their contribution to reshaping
-existing systems of investment in startups. We show how future clients
-become investors via the initial coin offering (ICO) process. The paper
-is based on interviews with blockchain and industry practitioners during
- 2018 and 2019 and focuses on an in-depth case study of a specific ICO
-in early 2018. We suggest a framework consisting of catalysts, cracks
-and voids to analyze the financialization process and to inform theories
- of how financialization advances through the new spaces afforded by
-socially constructed technologies upon which entrepreneurs capitalize.
-With this framework we provide a better understanding of the mechanics
-behind financialization, particularly the ways in which business
-processes, and larger social relations such as the role of investors and
- clients, are reimagined and reworked.
Tim O'Reilly is an internet pioneer/Silicon Valley legend
-
-
-
Attachments
-
-
Snapshot
-
-
-
-
-
-
Interrogating the promises and perils of climate cryptogovernance: Blockchain discourses in international climate politics
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Jed Hull
-
-
-
Author
-
Aarti Gupta
-
-
-
Author
-
Sanneke Kloppenburg
-
-
-
Abstract
-
This article interrogates the assumed promises and perils of
-climate cryptogovernance or deployment of cryptographic technology
-(i.e., blockchain) within climate governance. We distill how climate
-cryptogovernance is being discussed by influential climate policy
-actors, and the implications for reinforcing or challenging how climate
-governance currently occurs. Specifically, through discourse analysis,
-we explore how blockchain technology is presented in the communications
-of international organisations and multistakeholder initiatives in the
-climate policy space. We identify a dominant storyline being advanced
-that views blockchain as an enabler of ambitious climate action, through
- its potential to enhance the reliability, transparency, accountability,
- and democratic quality of climate governance. We critically interrogate
- each of these component elements of the dominant storyline, arguing
-that, taken as a whole, they tend to privilege a technocratic,
-market-oriented approach to climate governance. We conclude by
-reflecting on whether this risks reinforcing a problematic
-‘post-political' turn in environmental governance in the future.
Intersecting imaginaries: Visions of decentralized autonomous systems
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Caitlin Lustig
-
-
-
Abstract
-
Sociotechnical imaginaries are futures that people envision
-might be possible and desirable. They have a real impact on how systems
-are designed and what values they have embedded in their design. This
-article examines imaginaries about autonomous systems, decentralized
-systems, and decentralized autonomous systems. Through a discussion of
-the literature on autonomous and decentralized systems and how these
-imaginaries play out in the blockchain community based on my qualitative
- research, I demonstrate how decentralized autonomous systems are
-related to imaginaries about the organization of and the future of work.
- I identify three framings of imaginaries about autonomous systems: (1)
-autonomous technology as physical objects, (2) as mathematical rules,
-and (3) as artificial mangers. I also identify two sometimes conflicting
- framings of imaginaries about distributed and decentralized technology:
- these technologies as a new form of production and as freedom from
-control. These imaginaries intersect in decentralized autonomous
-systems, and I examine what they can tell us about the design and
-governance of such technologies. Lastly, I suggest ways of using the
-concept of imaginaries in participatory design.
-
-
-
Date
-
2019
-
-
-
Volume
-
3
-
-
-
Publication
-
Proceedings of the ACM on Human-Computer Interaction
We examine the relationship between investor attention, and
-measures of uncertainty, with the market dynamics of Bitcoin and other
-cryptocurrencies. We find that increases in investor attention are
-associated with higher returns, more volatility, and greater illiquidity
- in cryptocurrency markets. In contrast, cryptocurrency uncertainty
-(UCRY) and financial market uncertainty (VIX) are also positively
-related to volatility and illiquidity but have a negative
-contemporaneous relationship with returns. The identified relationships
-are accentuated during the COVID-pandemic, and are robust to different
-measures of investor attention, volatility, and illiquidity. Our results
- suggest that monitoring investor attention could assist both investors
-and policymakers.
Is bitcoin a safe haven or a hedging asset? Evidence from China
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Gangjin Wang
-
-
-
Author
-
Yanping Tang
-
-
-
Author
-
Chi Xie
-
-
-
Author
-
Shou Chen
-
-
-
Abstract
-
Based on daily data about Bitcoin and six other major
-financial assets (stocks, commodity futures (commodities), gold, foreign
- exchange (FX), monetary assets, and bonds) in China from 2013 to 2017,
-we use a VAR-GARCH-BEKK model to investigate mean and volatility
-spillover effects between Bitcoin and other major assets and explore
-whether Bitcoin can be used either as a hedging asset or a safe haven.
-Our empirical results show that (i) only the monetary market, i.e., the
-Shanghai Interbank Offered Rate (SHIIBOR) has a mean spillover effect on
- Bitcoin and (ii) gold, monetary, and bond markets have volatility
-spillover effects on Bitcoin, while Bitcoin has a volatility spillover
-effect only on the gold market. We further find that Bitcoin can be
-hedged against stocks, bonds and SHIBOR and is a safe haven when extreme
- price changes occur in the monetary market. Our findings provide useful
- information for investors and portfolio risk managers who have invested
- or hedged with Bitcoin.
Is code law? Current legal and technical adoption issues and remedies for blockchain-enabled smart contracts
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Daniel Drummer
-
-
-
Author
-
Dirk Neumann
-
-
-
Abstract
-
Blockchain technology has enabled so-called smart contracts
-between different parties on a decentralized network. These
-self-enforceable and self-executable computerized contracts could
-initiate a fundamental paradigm shift in the understanding and
-functioning of our legal practices. Opportunities for their application
-are increasingly understood, and numerous tests of feasibility have been
- completed. However, only very few use cases have yet been implemented
-at scale. This article—as the first of its kind—comprehensively analyzes
- the underlying challenges and locates a key reason for the slow
-adoption in the discrepancy between legal requirements and IT
-capabilities. Our work combines a wide range of academic sources and
-interviews with 30 domain experts from IT, the legal domain and private
-industry. First, we establish that smart contracts still fall within the
- boundaries of the general legal framework. We then systematically
-dissect current shortcomings of smart contracts on three distinct
-levels, namely, (1) how smart contracts are likely to cause conflicts
-with existing laws, (2) how smart contracts are intrinsically limited on
- an individual contract level and (3) how they are impeded by their
-current technical design. Across those levels, we dissect 20 distinct
-issues concerning the current implementation of smart contracts for
-which we derive potential remedies. We further outline implications for
-policy-makers as well as IT management, and examine how information
-systems research can play an important role in advancing smart
-contracts. Finally, we show how managerial and organizational issues
-might represent an ongoing challenge for the widespread adoption of
-smart contracts.
-
-
-
Date
-
2020
-
-
-
Extra
-
Publisher: SAGE Publications Sage UK: London, England
Is Ethereum the New iOS? Exploring the Platform Economy of Decentralized Finance
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Benedikt C. Eikmanns
-
-
-
Author
-
Pascal Mehrwald
-
-
-
Author
-
Isabell M. Welpe
-
-
-
Author
-
Philipp G. Sandner
-
-
-
Abstract
-
Similar to mobile operating systems, public blockchain
-infrastructures, such as Ethereum, represent a platform for the
-development of software applications. Since 2020, we observe the
-emergence of a rapidly evolving ecosystem of blockchain-based
-applications called Decentralized Finance (DeFi), which aspires to
-challenge traditional finance and associated business models. To explore
- the economic structures that constitute DeFi, we follow an
-interdisciplinary approach, supplementing information systems (IS)
-research with strategic management literature. We apply the theoretical
-lens of strategic groups to identify platform-specific dimensions and
-conceptualize DeFi as a hierarchical structured platform economy
-consisting of four strategic groups, namely 1) Token Management
-Applications, 2) Protocol Platforms, 3) Aggregation Platforms, and 4)
-Decentralized Financial Services Solutions. Further, we give a market
-overview of DeFi applications and discover archetypal attributes of the
-respective groups. Lastly, we present an integrated framework for the
-analysis of software-based platform ecosystems and derive areas for
-future research.
Labour, Justice and the Mechanization of Interpretation
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Larry Lohmann
-
-
-
Abstract
-
The biggest frontier of mechanization of the past 10 years has
- been the automation, broadly speaking, of interpretation. This includes
- recognition (for example, image recognition technologies used by
-security services), translation (Google Translate), searching for
-information (search engines), understanding (‘predictive algorithms'
-that learn what books or movies you will like or what kind of propaganda
- will appeal to you, as used by Amazon, Netflix, or the Donald Trump
-campaign), trust (blockchain technologies such as Bitcoin), and
-negotiation (‘smart contracts' as pioneered by firms such as Ethereum).
-This article explores how these technologies benefit business and why
-they have come to prominence now, the ways they degrade and exhaust the
-work of both humans and nonhumans, the parallels with earlier uses of
-machines to discipline and extract value from labour, and the
-implications for social movement strategy. The article also suggests
-some directions for research.
Law, technology and dispute resolution: The privatisation of coercion
-
-
-
Type
-
Book
-
-
-
Author
-
Riikka Koulu
-
-
-
Abstract
-
The use of new information and communication technologies both
- inside the courts and in private online dispute resolution services is
-quickly changing everyday conflict management. However, the implications
- of the increasingly disruptive role of technology in dispute resolution
- remain largely undiscussed. In this book, assistant professor of law
-and digitalisation Riikka Koulu examines the multifaceted phenomenon of
-dispute resolution technology, focusing specifically on private
-enforcement, which modern technology enables on an unforeseen scale. The
- increase in private enforcement confounds legal structures and
-challenges the nation-state's monopoly on violence. And, in this
-respect, the author argues that the technology-driven privatisation of
-enforcement - from direct enforcement of e-commerce platforms to
-self-executing smart contracts in the blockchain - brings the ethics of
-law's coercive nature out into the open. This development constitutes a
-new, and dangerous, grey area of conflict management, which calls for
-transparency and public debate on the ethical implications of dispute
-resolution technology.
-
-
-
Date
-
2018
-
-
-
Extra
-
Publication Title: Law, Technology and Dispute Resolution: The Privatisation of Coercion
-DOI: 10.4324/9781315149479
-
-
-
Publisher
-
Routledge
-
-
-
ISBN
-
978-1-351-37040-0
-
-
-
# of Pages
-
1–220
-
-
-
Date Added
-
02/03/2022, 08:25:11
-
-
-
Modified
-
02/03/2022, 08:25:11
-
-
-
Tags:
-
-
PROCESSED
-
LAW & SMART
-
-
-
-
-
-
Legal Engineering on the Blockchain: ‘Smart Contracts' as Legal Conduct
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Jake Goldenfein
-
-
-
Author
-
Andrea Leiter
-
-
-
Abstract
-
A new legal field is emerging around blockchain platforms and
-automated transactions. Understanding the relationships between law,
-legal enforcement, and these technological systems has become critical
-for scaling blockchain applications. Because ‘smart contracts' do not
-themselves constitute agreements, the first necessary ‘legal'
-development for transacting with these technologies involves linking
-computational transactions to natural language contracts. Various groups
- have accordingly begun building libraries of machine readable
-transaction modules that correspond to natural language contracting
-elements. In doing so, they are creating the building blocks for ever
-more complex transactions that will ultimately define the entire
-envelope of computational legal conduct in these environments, and
-likely standardise the field. However, also critical to emerging
-blockchain ‘legalities', is the capacity for dispute resolution and
-legal enforcement. Beyond the performance of parties, or the quality of
-goods and services transacted, new mechanisms are also needed to address
- the performance of the computational transaction systems themselves.
-Such mechanisms are necessary to address the reality that smart
-contracts cannot be forced to perform actions beyond the parameters of
-their coding, even by a judicial order. Legal tools, both technological
-and institutional, are thus being developed to ‘soften' the effects of
-self-executing transactions. In this article we treat these developments
- as law-making practices that are constitutive of an emerging legal
-field. Legal engineering exercises of this kind are not novel, and by
-drawing on historic examples from the common law and international
-arbitration, we gain insights into the competitive dynamics likely to be
- shaping legal engagements on the blockchain.
Levels of Decentralization and Trust in Cryptocurrencies: Consensus, Governance and Applications
-
-
-
Type
-
Thesis
-
-
-
Author
-
Sarah Azouvi
-
-
-
Abstract
-
Since the apparition of Bitcoin, decentralization has become
-an ideal praised almost religiously. Indeed, removing the need for a
-central authority prevents many forms of abuse that could be performed
-by a trusted third party, especially when there are no transparency and
-accountability mechanisms in place. Decentralization is however a very
-subtle concept that has limits. In this thesis, we look at the
-decentralization of blockchains at three different levels. First we look
- at the consensus protocol, which is the heart of any decentralized
-system. The Nakamoto protocol, used by Bitcoin, has been shown to induce
- centralization through the shift to mining pools. Additionally, it is
-heavily criticized for the enormous amount of energy it requires. We
-propose a protocol, Fantômette, that incorporates incentives at its core
- and that consumes much less energy than Bitcoin and other proof-of-work
- based cryptocurrencies. If the consensus protocol makes it possible to
-decentralize the enforcement of rules in a cryptocurrency, there is
-still the question of who decides on the rules. Indeed, if a central
-authority is able to determine what those rules are then the fact that
-they are enforced in a decentralized way does not make it a
-decentralized system. We study the governance structure of Bitcoin and
-Ethereum by making measurements of their GitHub repositories and
-providing quantitative ways to compare their level of centralization by
-using appropriate metrics based on centrality measures. Finally, many
-applications are now built on top of blockchains. These can also induce
-or straightforwardly lead to centralization, for example by requiring
-that users register their identities to comply with regulations. We show
- how identities can be registered on blockchains in a decentralized and
-privacy-preserving way.
Leveraging Blockchain Technology for Innovative Climate Finance under the Green Climate Fund
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Karsten Schulz
-
-
-
Author
-
Marian Feist
-
-
-
Abstract
-
The rapid development of digital technologies such as
-blockchain and distributed ledger-based systems holds transformative
-potential for the financial sector. Promising applications include asset
- management as well as peer-to-peer networks for the transparent
-exchange of data and information. International climate finance stands
-to benefit in particular ways from these new opportunities in financial
-technology. Distributed ledger technologies could be leveraged to
-support climate action, for example by facilitating transparent and
-standardized transactions, or by enabling more efficient monitoring and
-accreditation processes. In view of these promising opportunities, we
-focus our inquiry on the case of the Green Climate Fund to explore how
-distributed ledger technologies can be used for innovative climate
-finance. Based on our analysis of different digital system models and
-potential use cases, we then discuss some of the technical and political
- challenges that may arise, for example with regard to standards and
-safeguards, governance processes, country ownership, and further
-capitalization. Our findings show that distributed ledger-based systems
-could benefit the work of the fund in key areas such as
-multi-stakeholder coordination and impact assessment. However, our
-analysis also points to the concrete limitations of technology driven
-solutions. Digital technologies are not a standalone solution to
-persistent resource allocation and governance challenges in
-international climate finance, especially because the design and
-deployment of these digital systems is inherently political.
The launch of Libra, a corporate-controlled supranational
-currency is a bold attempt by a bigtech behemoth to leverage its
-monopoly over digital data and platform networks in order to draw
-low-income and unbanked households into its web of interconnected
-financial services. But in the process, argues the author, it will
-likely exacerbate financial fragility, global imbalances, and the
-already substantial financial subordination of developing countries.
-Even if Facebook's plan to launch a global private digital currency,
-Libra, as soon as next year (in 2020) flounders the announcement is
-still significant as an opening salvo by a US corporate power, globally
-dominant in the field of new technology, to push its disruptive
-potential into the sphere of the international monetary system. The
-announcement of the social network behemoth's entry into the sphere of
-finance has, not surprisingly, triggered both speculation and backlash.
-Writing in the Financial Times blog, FTalphaville, which has excellent,
-if skeptical, analysis of this crypto-currency pretender, Isabella
-Kaminska calls Libra A glorified exchange traded fund which uses
-blockchain buzz words to neutralize the regulatory impact of coming to
-market without a license as well as to veil the disproportionate
-influence of Facebook, in what it hopes will eventually become a global
-digital reserve system. (Kaminska 2019b) The claim is that this currency
- will have all the attributes of the world's best currencies: stability,
- low inflation, wide global acceptance, and fungibility (Libra 2019).
-And the announcement comes at a time when Facebook is plagued by
-accusations of misuse of private data, widespread abuse of its digital
-platform, and blatantly anti-competitive practices, and has been slapped
- with a $5 billion fine by the Federal Trade Commission for data privacy
- violations (Murphy 2019a). Whatever might be the pitfalls of such
-hubris, the launch reflects deeper structural trends in contemporary
-capitalism. Before the full implications of these structural trends can
-be grasped, it is necessary to cut through the buzz and hype surrounding
- the launch of Libra and clarify some of the nuts and bolts of the
-proposed plan.
Libra Shrugged: How Facebook Tried to Take Over the Money
-
-
-
Type
-
Book
-
-
-
Author
-
David Gerard
-
-
-
Date
-
2020
-
-
-
Publisher
-
David Gerard
-
-
-
Date Added
-
21/02/2022, 13:52:15
-
-
-
Modified
-
21/02/2022, 13:52:15
-
-
-
-
-
-
-
Line Goes Up – The Problem With NFTs
-
-
-
Type
-
Video Recording
-
-
-
Director
-
Dan Olson
-
-
-
Abstract
-
If someone pitches you on a "great" Web3 project, ask them if it requires buying or selling crypto to do what they say it does.
-
-Sources and Further Reading
-https://web3isgoinggreat.com/
-https://tante.cc/2021/12/17/the-third...
-https://davidgerard.co.uk/blockchain/...
-https://amycastor.com/2021/03/14/meta...
-https://www.stephendiehl.com/blog/cry...
-https://blog.mollywhite.net/blockchai...
-https://www.motherjones.com/politics/...
-https://twitter.com/davetroy/status/1...
-https://davidgolumbia.medium.com/cryp...
-https://marker.medium.com/fintech-is-...
-https://naavik.co/business-breakdowns...
-https://www.gawker.com/culture/the-fu...
-https://twitter.com/NFTtheft
-https://www.theatlantic.com/ideas/arc...
-https://www.gamesindustry.biz/article...
-https://www.technollama.co.uk/platfor...
-https://davidgerard.co.uk/blockchain/...
-https://twitter.com/Bitfinexed
-
-Written and performed by Dan Olson
-
-Crowdfunding: https://www.patreon.com/foldablehuman
-Twitter: https://twitter.com/FoldableHuman
-00:00:00 Preface
-00:01:12 0. In 2008 The Economy Collapsed
-00:07:09 1. Bitcoin
-00:18:18 2. Ethereum
-00:24:34 3. The Machine
-00:39:07 4. NFTs Exist To Get You To Buy Crypto
-00:57:54 5. The Unbearable Cringe Of Crypto
-01:11:46 6. A Self-Organizing High Control Group
-01:16:57 7. Crypto Reality
-01:25:36 8. There Is No Privacy On The Chain
-01:32:52 9. If This "Looks Like Scam" Then Every NFT Room I'm In Looks Like Scam LOL
-01:38:29 10. Play To Earn Exists To Get You To Buy Crypto
-01:46:39 11. We're All Gonna Make It And By "We" I Mean "Us" Not You
-01:56:08 12. DAOs Exist To Get You To Buy Crypto
-02:13:21 13. I Know It's Rigged, But It's The Only Game In Town
The Harvard Law School Forum on Corporate Governance
-
-
-
Date Added
-
21/02/2022, 13:52:16
-
-
-
Modified
-
21/02/2022, 13:52:16
-
-
-
-
-
-
-
Lying for Money: How Legendary Frauds Reveal the Workings of Our World
-
-
-
Type
-
Book
-
-
-
Author
-
Dan Davies
-
-
-
Date
-
2018
-
-
-
Publisher
-
Profile Books
-
-
-
Date Added
-
21/02/2022, 13:52:13
-
-
-
Modified
-
21/02/2022, 13:52:13
-
-
-
-
-
-
-
Magical capitalism, gambler subjects: South Korea's bitcoin investment frenzy
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Seung Cheol Lee
-
-
-
Abstract
-
‘First, it was just tech people. Now, literally everyone is
-interested in bitcoin', said CNN News while reporting on the bitcoin
-mania that haunted South Korean society in the winter of 2017–2018. This
- study takes that speculative frenzy as an entry point for exploring lay
- bitcoin investors' experiences and the ‘magical' features of
-contemporary financial capitalism. It first situates the bitcoin
-investment boom in the contexts of South Korea's post-developmental
-transition and the rise of mass investment culture. Drawing upon
-participant observation of online communities for South Korea's bitcoin
-investors, this study then demonstrates how lay bitcoin investors' daily
- beliefs and practices are distinguished from more traditional economic
-subjectivities–namely, disciplined workers and rational investors. Lay
-bitcoin investors present themselves not simply as calculative investors
- but also as enchanted gamblers who often rely upon magical formulas and
- rituals that express their hopes and despairs in the face of an
-uncertain future. Instead of dismissing their beliefs and rituals as
-‘irrational exuberance', this study argues that their cultural practices
- should be understood as a reflexive response to the ‘magical'
-mechanisms of the financial market based on self-referential valuation
-and self-fulfilling performativity. In examining how the logics of
-uncertainty and magic are returned at the heart of contemporary
-capitalism, this study consequently seeks to situate the lay investors'
-struggles in dealing with the ambiguous future within the broader
-transformation of the human condition during the triumphant rise of
-financial capitalism.
A joint publication by DisCO.coop, the Transnational Institute
- and Guerrilla Media Collective. "Value Sovereignty, Care Work, Commons
-and Distributed Cooperative Organizations. The DisCO Manifesto is a deep
- dive into the world of Distributed Cooperative Organizations. Over its
-80 colorful pages, you will read about how DisCOs are a P2P/Commons,
-cooperative and Feminist Economic alternative to Decentralized
-Autonomous Organizations (DAOs). The DisCO Manifesto also includes some
-background on topics like blockchain, AI, the commons, feminism,
-cooperatives, cyberpunk, and more."
-
-
-
Date Added
-
28/02/2022, 11:10:53
-
-
-
Modified
-
28/02/2022, 11:14:50
-
-
-
Attachments
-
-
Snapshot
-
-
-
-
-
-
Mapping the NFT revolution: market trends, trade networks, and visual features
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Matthieu Nadini
-
-
-
Author
-
Laura Alessandretti
-
-
-
Author
-
Flavio Di Giacinto
-
-
-
Author
-
Mauro Martino
-
-
-
Author
-
Luca Maria Aiello
-
-
-
Author
-
Andrea Baronchelli
-
-
-
Abstract
-
Non Fungible Tokens (NFTs) are digital assets that represent
-objects like art, collectible, and in-game items. They are traded
-online, often with cryptocurrency, and are generally encoded within
-smart contracts on a blockchain. Public attention towards NFTs has
-exploded in 2021, when their market has experienced record sales, but
-little is known about the overall structure and evolution of its market.
- Here, we analyse data concerning 6.1 million trades of 4.7 million NFTs
- between June 23, 2017 and April 27, 2021, obtained primarily from
-Ethereum and WAX blockchains. First, we characterize statistical
-properties of the market. Second, we build the network of interactions,
-show that traders typically specialize on NFTs associated with similar
-objects and form tight clusters with other traders that exchange the
-same kind of objects. Third, we cluster objects associated to NFTs
-according to their visual features and show that collections contain
-visually homogeneous objects. Finally, we investigate the predictability
- of NFT sales using simple machine learning algorithms and find that
-sale history and, secondarily, visual features are good predictors for
-price. We anticipate that these findings will stimulate further research
- on NFT production, adoption, and trading in different contexts.
Mediated trust: A theoretical framework to address the trustworthiness of technological trust mediators
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Balázs Bodó
-
-
-
Abstract
-
This article considers the impact of digital technologies on
-the interpersonal and institutional logics of trust production. It
-introduces the new theoretical concept of technology-mediated trust to
-analyze the role of complex techno-social assemblages in trust
-production and distrust management. The first part of the article argues
- that globalization and digitalization have unleashed a crisis of trust,
- as traditional institutional and interpersonal logics are not attuned
-to deal with the risks introduced by the prevalence of digital
-technologies. In the second part, the article describes how digital
-intermediation has transformed the traditional logics of interpersonal
-and institutional trust formation and created new trust-mediating
-services. Finally, the article asks as follows: why should we trust
-these technological trust mediators? The conclusion is that at best, it
-is impossible to establish the trustworthiness of trust mediators, and
-that at worst, we have no reason to trust them.
-
-
-
Date
-
2021
-
-
-
Extra
-
Publisher: SAGE Publications Sage UK: London, England
Millions for Crypto Start-Ups, No Real Names Necessary
-
-
-
Type
-
Newspaper Article
-
-
-
Author
-
David Yaffe-Bellany
-
-
-
Abstract
-
Investors give money to pseudonymous developers. Venture
-capitalists back founders without learning their real names. What
-happens when they need to know?
Mine the gap: Bitcoin and the maintenance of trustlessness
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Gili Vidan
-
-
-
Author
-
Vili Lehdonvirta
-
-
-
Abstract
-
Subscribing to a techno-utopian discourse replacing
-institutions and experts with “trust in code,” digital alternative
-currency Bitcoin is pitched as a “math-based money” governed by
-incorruptible code rather than human regulators. In three cases, which
-occurred between 2013 and 2015, we examine this system at moments of
-breakdown. In contrast to the discourse, we find that power is
-concentrated to critical sites and individuals who manage the system
-through ad hoc negotiations, and who users must therefore implicitly
-trust—a contrast we call Bitcoin's “promissory gap.” But even in the
-face of such contradictions between premise and reality, the discourse
-is maintained. We identify four authorizing strategies used in this
-work: conflating people with devices, assuming actors conform to notions
- of economic rationality, appealing to technical expertise, and
-explaining contradictions as temporary bugs. We contend that these
-strategies are mobilized widely to legitimize a variety of applications
-of algorithmic regulation and peer production projects.
Modular Politics: Toward a Governance Layer for Online Communities
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Nathan Schneider
-
-
-
Author
-
Primavera De Filippi
-
-
-
Author
-
Seth Frey
-
-
-
Author
-
Joshua Z. Tan
-
-
-
Author
-
Amy X. Zhang
-
-
-
Abstract
-
Governance in online communities is an increasingly
-high-stakes challenge, and yet many basic features of offline governance
- legacies-juries, political parties, term limits, and formal debates, to
- name a few-are not in the feature-sets of the software most community
-platforms use. Drawing on the paradigm of Institutional Analysis and
-Development, this paper proposes a strategy for addressing this lapse by
- specifying basic features of a generalizable paradigm for online
-governance called Modular Politics. Whereas classical governance
-typologies tend to present a choice among wholesale ideologies, such as
-democracy or oligarchy, Modular Politics would enable platform operators
- and their users to build bottom-up governance processes from
-computational components that are modular and composable, highly
-versatile in their expressiveness, portable from one context to another,
- and interoperable across platforms. This kind of approach could
-implement pre-digital governance systems as well as accelerate
-innovation in uniquely digital techniques. As diverse communities share
-and connect their components and data, governance could occur through a
-ubiquitous network layer. To that end, this paper proposes the
-development of an open standard for networked governance.
-
-
-
Date
-
2021
-
-
-
Extra
-
_eprint: 2005.13701
-
-
-
Volume
-
5
-
-
-
Pages
-
1–26
-
-
-
Publication
-
Proceedings of the ACM on Human-Computer Interaction
Money after Blockchain: Gold, Decentralised Politics and the New Libertarianism
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Fiona Allon
-
-
-
Abstract
-
Blockchain technologies are central to what has been described
- as a new ‘smart social contract'. With blockchain, individual
-cryptographic identity becomes the basis for new forms of money and for a
- whole suite of restructured social, political and financial
-transactions. But what do these developments signal for feminist
-engagements with the money economy? The transparency and pseudonymity
-that the blockchain provides has been welcomed as a ‘feminist weapon'.
-But the decentralised technology also legitimises many longstanding
-assumptions of libertarianism, especially competitive individualism,
-naturalised social inequality and the stability of value associated with
- the gold standard. Drawing on popular culture texts, Goldfinger and The
- Mandibles, this article considers this history, examining the gendered,
- racialised and sexualised discursive practices that attend
-representations of gold along with the ‘metallism' surrounding
-blockchain-based cryptocurrencies in the contemporary conjuncture. By
-claiming to represent non-negotiable certainty derived from
-technology/nature rather than social convention, the fantasy of
-fundamental value returns, together with related associations of
-essentialism and authenticity, but anchored in this new context in the
-technocratic authoritarianism of FinTech. This is part of the background
- for the ‘new libertarianism' whose ascendency now overshadows the
-neoliberalism that has been the focus of critical attention for some
-decades.
Money and the fear of missing out: How to stay sane in a world shaken by Libra.
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Michael Salmony
-
-
-
Abstract
-
This paper discusses the issues surrounding the question of
-whether the best way to provide seamless pan-European/global payments is
- to deploy a new cryptocurrency, perhaps via a private actor, or to
-build on the existing infrastructure. [ABSTRACT FROM AUTHOR]
Complementary currencies are usually seen as a by-product of
-collective movements for social change or as an institutional tool for
-local development: they are an outcome of collective action, not the
-origin of collective mobilisation. Empirical research on the Sardex
-complementary currency, though, suggests that money may support the
-emergence of collective action. Traditional economic theory considers
-any collective benefits provided by the economic system as the secondary
- effects of individual entrepreneurs seeking to maximise their profits.
-Entrepreneurs belonging to the Sardex network, though, do associate the
-use of the Sardex currency with direct collective benefits. This means
-they consider their business activities to be a form of collective
-action for promoting the com-mon good of Sardinia's socio-economic
-development. Using the Sardex currency sets this collective action in
-motion: some Sardex members also work to expand the Sardex network
-without any expectation of economic gain.
Money creation in decentralized finance: A dynamic model of stablecoin and crypto shadow banking
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Ye Li
-
-
-
Author
-
Simon Mayer
-
-
-
Date
-
2021
-
-
-
Pages
-
030
-
-
-
Publication
-
Fisher College of Business Working Paper
-
-
-
Issue
-
2020-03
-
-
-
Date Added
-
02/03/2022, 13:18:58
-
-
-
Modified
-
02/03/2022, 13:18:58
-
-
-
-
-
-
-
Money for Nothing: The South Sea Bubble and the Invention of Modern Capitalism
-
-
-
Type
-
Book
-
-
-
Author
-
Thomas Levenson
-
-
-
Date
-
2020
-
-
-
Publisher
-
Head of Zeus Ltd
-
-
-
Date Added
-
21/02/2022, 13:52:16
-
-
-
Modified
-
21/02/2022, 13:52:16
-
-
-
-
-
-
-
Money from a cultural point of view
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Keith Hart
-
-
-
Date
-
2015
-
-
-
Extra
-
Publisher: University of Chicago Press
-
-
-
Volume
-
5
-
-
-
Pages
-
411–416
-
-
-
Publication
-
HAU: Journal of Ethnographic Theory
-
-
-
Issue
-
2
-
-
-
Date Added
-
02/03/2022, 08:26:26
-
-
-
Modified
-
02/03/2022, 08:26:26
-
-
-
Tags:
-
-
CRYPTO
-
IDEOLOGY
-
-
-
-
-
-
Money's Past is Fintech's Future: Wildcat Crypto, the Digital Dollar, and Citizen Central Banking
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Robert C Hockett
-
-
-
Date
-
2019
-
-
-
Date Added
-
21/02/2022, 13:52:15
-
-
-
Modified
-
21/02/2022, 13:52:15
-
-
-
-
-
-
-
Most bitcoin trading faked by unregulated exchanges, study finds
-
-
-
Type
-
Journal Article
-
-
-
Author
-
P Vigna
-
-
-
Date
-
2019
-
-
-
Publication
-
Wall Street Journal
-
-
-
Date Added
-
21/02/2022, 13:52:14
-
-
-
Modified
-
21/02/2022, 13:52:14
-
-
-
-
-
-
-
Movement to market, currency to property: the rise and fall of Bitcoin as an anti-state movement, 2009–2014
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Christopher J Lawrence
-
-
-
Author
-
Stephanie Lee Mudge
-
-
-
Date
-
2019
-
-
-
Extra
-
Publisher: Oxford University Press
-
-
-
Volume
-
17
-
-
-
Pages
-
109–134
-
-
-
Publication
-
Socio-Economic Review
-
-
-
Issue
-
1
-
-
-
Date Added
-
02/03/2022, 08:26:26
-
-
-
Modified
-
02/03/2022, 08:26:26
-
-
-
Tags:
-
-
CRYPTO
-
IDEOLOGY
-
-
-
-
-
-
My first impressions of web3
-
-
-
Type
-
Web Page
-
-
-
Author
-
Moxie Marlinspike
-
-
-
Abstract
-
Despite considering myself a cryptographer, I have not found
-myself particularly drawn to “crypto.” I don’t think I’ve ever actually
-said the words “get off my lawn,” but I’m much more likely to click on
-Pepperidge Farm Remembers flavored memes about how “crypto” used to mean
- “cryptography” than ...
Neo-Nazis Bet Big on Bitcoin (And Lost) – Foreign Policy
-
-
-
-
-
-
Nerdy Money: Bitcoin, the Private Digital Currency, and the Case Against Its Regulation
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Nikolei M. Kaplanov
-
-
-
Abstract
-
This Comment explores the lawfulness of using bitcoin, a
-privately-issued currency transacted on a peer-to-peer network, and the
-ability of the federal government to bar transactions between two
-willing parties. While there are no cases yet challenging the ability of
- parties in the United States to make transactions using bitcoins, there
- are policymakers who have denounced the use of bitcoin. This has led to
- the question of whether the federal government has the ability under
-current federal law to prohibit the use of bitcoins between willing
-parties. This Comment will show that the federal government has no basis
- to stop bitcoin users who engage in traditional consumer purchases and
-transfers. This Comment further argues that the federal government
-should refrain from passing any laws or regulations limiting the use of
-bitcoins. Should any claim arise, this Comment argues that there is a
-perfectly acceptable model with which to analogize bitcoin use:
-community currencies.
Networks of Ethereum Non-Fungible Tokens: A graph-based analysis of the ERC-721 ecosystem
-
-
-
Type
-
Journal Article
-
-
-
Author
-
S. Casale-Brunet
-
-
-
Author
-
P. Ribeca
-
-
-
Author
-
P. Doyle
-
-
-
Author
-
M. Mattavelli
-
-
-
Abstract
-
Non-fungible tokens (NFTs) as a decentralized proof of
-ownership represent one of the main reasons why Ethereum is a disruptive
- technology. This paper presents the first systematic study of the
-interactions occurring in a number of NFT ecosystems. We illustrate how
-to retrieve transaction data available on the blockchain and structure
-it as a graph-based model. Thanks to this methodology, we are able to
-study for the first time the topological structure of NFT networks and
-show that their properties (degree distribution and others) are similar
-to those of interaction graphs in social networks. Time-dependent
-analysis metrics, useful to characterize market influencers and
-interactions between different wallets, are also introduced. Based on
-those, we identify across a number of NFT networks the widespread
-presence of both investors accumulating NFTs and individuals who make
-large profits.
New spaces of disruption? The failures of Bitcoin and the rhetorical power of algorithmic governance
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Matthew A. Zook
-
-
-
Author
-
Joe Blankenship
-
-
-
Abstract
-
In less than a decade Bitcoin and the technology of blockchain
- – a cryptographically-secured, algorithmically-regulated,
-distributed-ledger – emerged as the enfant terrible of the global
-economy. Ironically, as cryptocurrencies reached collective valuations
-of hundreds of billions of dollars the Bitcoin project failed in its
-original purpose as an alternative currency governed by code rather than
- trust. Not only has Bitcoin not become a popular means of global
-peer-to-peer transactions but the much vaulted purity of algorithmic
-governance is heavily entangled in social relations. This article
-reviews blockchain's computer architectures, its connections to
-materiality and space and the complexity of its established practices.
-This analysis shows that rather than occupying an algorithmic place
-apart, blockchain contains multiple and conflicting agencies and is
-messily embedded in the code/space of materiality. Nevertheless the
-faith in the superiority of algorithmic governance has injected a
-powerful discourse in economies that has proven more important and
-disruptive than the actual practices of Bitcoin or blockchain.
Next Steps to Win the Future: New ideas for our web3 policy platform
-
-
-
Type
-
Web Page
-
-
-
Author
-
Tomicah Tillemann
-
-
-
Author
-
Jai Ramaswamy
-
-
-
Author
-
Miles Jennings
-
-
-
Author
-
James Rathmell
-
-
-
Abstract
-
When we released our policy agenda and legislative proposals
-publicly last month, our goal was to catalyze a conversation about the
-next generation of the internet and the role of technology in open
-societies. We also hoped to inspire the …
NFTs and asset class spillovers: Lessons from the period around the COVID-19 pandemic
-
-
-
Type
-
Journal Article
-
-
-
Author
-
David Y. Aharon
-
-
-
Author
-
Ender Demir
-
-
-
Abstract
-
In this paper, we analyze the connectedness between returns
-for non-fungible tokens (NFTs) and other financial assets (equities,
-bonds, currencies, gold, oil, Ethereum) during the period from January
-2018 to June 2021. By using the Time-Varying Parameter Vector
-Autoregressions (TVP-VAR) approach, we show that the overall
-connectedness between the returns for financial assets increased during
-the COVID-19 period. Our static analysis shows that the behavior of the
-majority of NFT returns is attributable to endogenous shocks and only a
-small portion of this variation resulted from the impact of innovation
-in other assets. The results suggest that NFTs are mainly independent of
- shocks from common assets classes and even from their close relation,
-Ethereum. The dynamic analysis across time reveals that during normal
-times, NFTs act as transmitters of systemic risk to some degree, but
-during stressful times, their role shifts, and they act as absorbers of
-risk spillovers. This suggests that NFTs may have diversification
-benefits during turbulent times, as apparent during the COVID-19 crisis,
- and especially around the great March 2020 market plunge.
The extraordinary current craze around NFTs reflects their
-perceived value as a technological development that can bring greater
-certainty to questions of ownership and authenticity in fields like art
-and other collectibles. This is, among other things, the promise of
-crime prevention through technology, as ownership and authenticity are
-in the art world closely tied to criminal legal matters like theft,
-handling stolen goods and fraud. The crime prevention promise looks to
-fall flat though, as the technology seems to be less capable of
-delivering these benefits than has been assumed by its promoters. Much
-of the attraction of NFTs is therefore not actually based on effective
-crime prevention, but rather on hype. This paper explores the hype, and
-its relationship to the crime prevention promise of NFTs, through the
-lens of ‘the social lives of things'. We argue that as well as social
-lives, things have criminal lives. Analysis sensitive to the criminal
-lives of things finds an NFT trading scene heated by emotion:
-excitement, attraction, temptation, speculative euphoria and
-acquisitive, possessive sentiment. This creates a sense of object agency
- more active than the cold traditional vision of material structure
-presented in standard criminological treatments of things-in-the-world
-as passive opportunity structures. The hyped NFT market trades in
-affecting objects that create crime in emotional as well as structural
-ways. We therefore arrive at a conclusion opposite to starting
-assumptions: far from preventing crime, NFTs are making it.
-
-
-
Date
-
2021
-
-
-
Extra
-
Publisher: SAGE Publications Sage UK: London, England
Non-fungible token (NFT) markets on the Ethereum blockchain: Temporal development, cointegration and interrelations
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Lennart Ante
-
-
-
Abstract
-
The market for non-fungible tokens (NFTs), transferrable and
-unique digital assets on public blockchains, has received widespread
-attention and experienced strong growth since early 2021. This study
-provides an introduction to NFTs and explores the 14 largest submarkets
-using data from the Ethereum blockchain between June 2017 and May 2021.
-The analyses rely on (a) the number of NFT sales, (b) the dollar volume
-of NFT trades and (c) the number of unique blockchain wallets that
-traded NFTs. Based on the number of transactions and wallets, the
-Ethereum-based NFT market peaked at the end of 2017 due to the success
-of the CryptoKitties project. As of 2021, fewer transactions occur but
-the traded value is much higher. We find that NFT submarkets are
-cointegrated and feature various causal short-run connections between
-them. The success or adoption of younger NFT projects is influenced by
-that of more established markets. At the same time, the success of newer
- markets has an impact on the more established projects. The results
-contribute to the overall understanding of the NFT phenomenon and
-suggest that NFT markets are immature or even inefficient.
Non-Fungible Tokens (NFT). The Analysis of Risk and Return
-
-
-
Type
-
Book
-
-
-
Author
-
Mieszko Mazur
-
-
-
Abstract
-
This study examines the risk and return characteristics of the
- NFT-based startups listed on the cryptocurrency exchange. Our
-investigation is motivated by the recent surge in the NFT activity on
-the part of creators, investors, and traders. We begin by proposing
-novel classification of the existing NFTs that range from NFT
-blockchains through NFT metaverse to NFT DeFi. Next, we establish that
-NFTs: 1) earn 130% on the first-listing-day; 2) yield an average
-investment multiple of 40 (roughly 4,000%) over long-term, which is four
- times higher than bitcoin during the same period; 3) deliver positive
-and significant alpha and exhibit above-average beta. We also show that
-the NFT segment of the cryptocurrency market leads market recovery
-following the mid-2021 crash and generate a return of close to 350%. In
-the final analysis of the paper, we find that NFT infrastructure
-integrated within the existing blockchains increase market valuations of
- these networks. 1This
Not-So-Smart Blockchain Contracts and Artificial Responsibility
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Adam Jason Kolber
-
-
-
Abstract
-
The first high-profile decentralized autonomous organization
-formed in 2016. Called "TheDAO," it used smart contracts on a
-bitcoin-style blockchain to allow strangers to come together online to
-vote on and invest in venture capital proposals. Newspapers raved about
-the $160 million it quickly raised, even though it purported to have no
-central human authority, including no managers , executives, or board of
- directors. Technologists have grand plans for smart contracts and
-autonomous organizations. Rather than staying at traditional hotels with
- elaborate human staff, we may pay for hotel rooms using bitcoin (or
-another cryptocurrency) which will automatically unlock the room door.
-If the toilet breaks, the room itself will contract with a plumber to
-fix it. Similarly, a smart contract may allow us to hire a self-driving
-car. The car will not only drive passengers around but arrange for its
-own routine maintenance. TheDAO itself, however, is now a cautionary
-tale. A bug in its smart contract code was exploited to drain more than
-$50 million in value. Some purists denounced efforts to mitigate the
-problem, arguing that the alleged hacker simply withdrew money in
-accordance with the organization's agreed-upon contractual terms in the
-form of computer code. Since the "code is the contract" in their minds,
-the alleged hacker did nothing wrong. I defend two related claims.
-First, contra the purists, I argue that the code does not reflect the
-entirety of the parties' agreement, and so the "code is the contract"
-slogan does not resolve whether TheDAO exploitation should have
Now the Code Runs Itself: On-Chain and Off-Chain Governance of Blockchain Technologies
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Wessel Reijers
-
-
-
Author
-
Iris Wuisman
-
-
-
Author
-
Morshed Mannan
-
-
-
Author
-
Primavera De Filippi
-
-
-
Author
-
Christopher Wray
-
-
-
Author
-
Vienna Rae-Looi
-
-
-
Author
-
Angela Cubillos Vélez
-
-
-
Author
-
Liav Orgad
-
-
-
Abstract
-
The invention of Bitcoin in 2008 as a new type of electronic
-cash has arguably been one of the most radical financial innovations in
-the last decade. Recently, developer communities of blockchain
-technologies have started to turn their attention towards the issue of
-governance. The features of blockchain governance raise questions as to
-tensions that might arise between a strictly “on-chain” governance
-system and possible applications of “off-chain” governance. In this
-paper, we approach these questions by reflecting on a long-running
-debate in legal philosophy regarding the construction of a positivist
-legal order. First, we argue that on-chain governance shows striking
-similarities with Kelsen's notion of a positivist legal order,
-characterised by Schmitt as the machine that runs itself. Second, we
-illustrate some of the problems that emerged from the application of
-on-chain governance, with particular reference to a calamity in a
-blockchain-based system called the DAO. Third, we reflect on Schmitt's
-argument that the coalescence of private interests is a vulnerability of
- positivist legal systems, and accordingly posit this as an inherent
-vulnerability of on-chain governance of existing blockchain-based
-systems.
Old Utopias, New Tax Havens: The Politics of Bitcoin in Historical Perspective
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Stefan Eich
-
-
-
Abstract
-
Cryptocurrencies are frequently framed as future-oriented,
-technological innovations that decentralize money, thereby liberating it
- from centralized governance and the political tentacles of the state.
-This is misleading on several counts. First, electronic currencies
-cannot leave the politics of money behind even where they aim to disavow
- it. Instead, we can understand their impact as a political attempt to
-depoliticize money. Second, the dramatic price swings of
-cryptocurrencies challenge their self-fashioning as a new form of money
-and reveal them instead as speculative assets and securities in need of
-regulation. While the preferential tax and regulatory treatment of
-cryptocurrencies hinges on their nominal currency status, it is
-ironically precisely their success as speculative assets that has
-undermined these claims. Finally, far from heralding a radical break
-with the past, electronic currencies serve as a reminder of the
-unresolved global politics of money since the 1970s. To support these
-three interrelated theses this chapter places the rise of
-cryptocurrencies in the historical context of the international politics
- of money between the end of the Bretton Woods system and the response
-to the 2008 Financial Crisis.
Regulating Blockchain: Techno-Social and Legal Challenges
-
-
-
Date Added
-
02/03/2022, 08:26:26
-
-
-
Modified
-
02/03/2022, 08:26:26
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-
Tags:
-
-
_LATEST
-
IDEOLOGY
-
-
-
-
-
-
On Bitcoin usage, Techno-optimism and Participation
-
-
-
Type
-
Thesis
-
-
-
Author
-
Bitcoin Valley
-
-
-
Abstract
-
The present research engages with theoretical notions related
-to anarchy, currency systems and the intersubjectivity ofmoney to
-develop a critical analysis of the individual attitudes and motivations
-relevant to the usage of Bitcoin for what concerns users in Rovereto,
-Italy. Through the use of ethnography, this research explores the
-reasons behind the spread of use of Bitcoin in the area of Rovereto and
-how those reasons may be connected to the way the Bitcoin network was
-designed and the socio-political set of values of its creators. New
-theoretical paradigms and a re-interpretation of old theoretical notions
- is proposed, in order to overcome the lack of literature and fieldwork
-material related to the subject of cryptocurrency users, for what
-concerns anthropological research. General reflections on the impact of
-new technologies such as cryptocurrencies on individuals are also
-produced, in connection with the material collected on the field in
-Rovereto. 2
DOI: https://dspace.library.uu.nl/handle/1874/374186
-Issue: August
-
-
-
Type
-
PhD Thesis
-
-
-
Date Added
-
02/03/2022, 08:27:16
-
-
-
Modified
-
02/03/2022, 08:27:16
-
-
-
Tags:
-
-
PROCESSED
-
ANTHROPOLOGY
-
CRYPTO
-
-
-
-
-
-
On Bitcoin usage, Techno-optimism and Participation-An anthropological perspective on Rovereto s Bitcoin Valley users
-
-
-
Type
-
Thesis
-
-
-
Author
-
G D Starita
-
-
-
Abstract
-
The present research engages with theoretical notions related
-to anarchy, currency systems and the intersubjectivity of money to
-develop a critical analysis of the individual attitudes and motivations
-relevant to the usage of Bitcoin for what concerns users in Rovereto,
-Italy. Through the use of ethnography, this research explores the
-reasons behind the spread of use of Bitcoin in the area of Rovereto and
-how those reasons may be connected to the way the Bitcoin network was
-designed and the socio-political set of values of its creators. New
-theoretical paradigms and a re-interpretation of old theoretical notions
- is proposed, in order to overcome the lack of literature and fieldwork
-material related to the subject of cryptocurrency users, for what
-concerns anthropological research. General reflections on the impact of
-new technologies such as cryptocurrencies on individuals are also
-produced, in connection with the material collected on the field in
-Rovereto. show less
On the property of blockchains: comments on an emerging literature
-
-
-
Type
-
Journal Article
-
-
-
Author
-
J. Z. Garrod
-
-
-
Abstract
-
The last few years have seen the emergence of a growing
-academic literature on the blockchain. On one side are the supporters,
-who see its potential to create a true, peer-to-peer (p2p) sharing
-economy. On the other side are the critics, who argue that the
-blockchain is more likely to reproduce capitalism than to disrupt it.
-Using the insights generated by the critical literature on the
-blockchain, this paper seeks to ask new questions and provide new
-insights about the development of this technology and how it is likely
-to transform the global political economy through its capacity to
-enforce global property rights.
Orchestrated crime: The high yield investment fraud ecosystem
-
-
-
Type
-
Conference Paper
-
-
-
Author
-
Jens Neisius
-
-
-
Author
-
Richard Clayton
-
-
-
Date
-
2014
-
-
-
Publisher
-
IEEE
-
-
-
Pages
-
48–58
-
-
-
Proceedings Title
-
2014 APWG Symposium on Electronic Crime Research (eCrime)
-
-
-
Date Added
-
21/02/2022, 13:52:13
-
-
-
Modified
-
21/02/2022, 13:52:13
-
-
-
-
-
-
-
Ostrom Amongst the Machines
-
-
-
Type
-
Manuscript
-
-
-
Author
-
Herminio Bodon
-
-
-
Author
-
Pedro Bustamante
-
-
-
Author
-
Marcela Gomez
-
-
-
Author
-
Prashabnt Krishnamurthy
-
-
-
Author
-
Michael J Madison
-
-
-
Author
-
Ilia Murtazashvili
-
-
-
Author
-
Jennifer B Murtazashvili
-
-
-
Author
-
Tymofiy Mylovanov
-
-
-
Author
-
Martin B Weiss
-
-
-
Abstract
-
Blockchains are distributed ledger technologies that allow the
- recording of any data structure, including money, property titles, and
-contracts. In this paper, we suggest that Hayekian political economy is
-especially well suited to explain how blockchain emerged, but that
-Elinor Ostrom's approach to commons governance is particularly useful to
- understand why blockchain anarchy is successful. Our central
-conclusions are that the blockchain can be thought of as a spontaneous
-order, as Hayek anticipated, as well as a knowledge commons, as Ostrom's
- studies of self-governance anticipated.
Philosophy, politics, and economics of cryptocurrency I: Money without state
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Andrew M. Bailey
-
-
-
Author
-
Bradley Rettler
-
-
-
Author
-
Craig Warmke
-
-
-
Abstract
-
In this article, we describe what cryptocurrency is, how it
-works, and how it relates to familiar conceptions of and questions about
- money. We then show how normative questions about monetary policy find
-new expression in Bitcoin and other cryptocurrencies. These questions
-can play a role in addressing not just what money is, but what it should
- be. A guiding theme in our discussion is that progress here requires a
-mixed approach that integrates philosophical tools with the purely
-technical results of disciplines like computer science and economics.
Philosophy, politics, and economics of cryptocurrency II: The moral landscape of monetary design
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Andrew M. Bailey
-
-
-
Author
-
Bradley Rettler
-
-
-
Author
-
Craig Warmke
-
-
-
Abstract
-
In this article, we identify three key design dimensions along
- which cryptocurrencies differ – privacy, censorship-resistance, and
-consensus procedure. Each raises important normative issues. Our
-discussion uncovers new ways to approach the question of whether Bitcoin
- or other cryptocurrencies should be used as money, and new avenues for
-developing a positive answer to that question. A guiding theme is that
-progress here requires a mixed approach that integrates philosophical
-tools with the purely technical results of disciplines like computer
-science and economics.
Why state backed money is a good thing (a feature not a bug).
-
-
-
Date Added
-
25/02/2022, 12:18:05
-
-
-
Modified
-
25/02/2022, 12:18:53
-
-
-
Notes:
-
-
-
If you've spent much time around cryptocurrency people, you've
-probably heard a rant or two about "sound money" and the need to
-"depoliticize money." This is a foundation of blockchainism: the belief
-that money is born separate from states, and states invade on the
-private realm when they "meddle" in the money system.
-
There are at least two serious problems with this ideology. First,
-it's plain wrong on the historical facts. Money did not emerge from
-barter systems among people. Money was and is a product of state.
-
But even if you stipulate that money didn't originate among private
-markets there's another serious historical problem with "sound money."
-... It's this: central banks didn't emerge to usurp the private sector's
- control over money. Central banks were created because without them,
-finance was subject to wild, terrifying, ruinous boom/bust cycles.
-What's more, without a central bank, money was subject to naked
-political meddling, which central banks (sometimes) moderated.
-
-
-
Attachments
-
-
Snapshot
-
-
-
-
-
-
PonzICO: Let’s Just Cut to the Chase
-
-
-
Type
-
Document
-
-
-
Author
-
Josh Cincinnati
-
-
-
Date
-
2017
-
-
-
Date Added
-
21/02/2022, 13:52:12
-
-
-
Modified
-
21/02/2022, 13:52:12
-
-
-
-
-
-
-
Power and Bitcoins : a critical realism perspective
-
-
-
Type
-
Conference Paper
-
-
-
Author
-
Efpraxia D Zamani
-
-
-
Author
-
Zamani / Power
-
-
-
Author
-
Bitcoins
-
-
-
Abstract
-
In this study, through the lens of critical realism to power,
-we take a close look into the power dynamics behind the Bitcoin protocol
- in relation to its Cypherpunk philosophical underpinnings. We focus on
-some of its main components that can be seen as constraining structures,
- and we discuss how these structures generate constraining mechanisms
-that restrict users' power to act, further reinforcing other entities”
-power over them. In doing so, we illustrate that the Bitcoin Protocol,
-as it is used today, is in tension with the principles on which it was
-developed. In addition, we show that power, instead of being
-decentralised and distributed to the many, it has merely shifted from
-traditional actors to what can be seen as newcomers or atypical
-regulators. In line with the paradigm of critical realism, we note that
-the identified mechanisms and structures we discuss in this paper, are
-those that we were able to observe through our subjective lens; others
-may exist but may require different contextual conditions to be
-activated and observed.
13th Mediterranean Conference on Information Systems, 27-28 Sep 2019
-
-
-
Date Added
-
02/03/2022, 08:26:26
-
-
-
Modified
-
02/03/2022, 08:26:26
-
-
-
Tags:
-
-
Bitcoin
-
PROCESSED
-
Power
-
IDEOLOGY
-
decentralisation
-
critical realism
-
-
-
-
-
-
Power/freedom on the dark web: A digital ethnography of the Dark Web Social Network
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Robert W. Gehl
-
-
-
Abstract
-
This essay is an early ethnographic exploration of the Dark
-Web Social Network (DWSN), a social networking site only accessible to
-Web browsers equipped with The Onion Router. The central claim of this
-essay is that the DWSN is an experiment in power/freedom, an attempt to
-simultaneously trace, deploy, and overcome the historical conditions in
-which it finds itself: the generic constraints and affordances of social
- networking as they have been developed over the past decade by Facebook
- and Twitter, and the ideological constraints and affordances of public
-perceptions of the dark web, which hold that the dark web is useful for
-both taboo activities and freedom from state oppression. I trace the
-DWSN's experiment with power/freedom through three practices:
-anonymous/social networking, the banning of child pornography, and the
-productive aspects of techno-elitism. I then use these practices to
-specify particular forms of power/freedom on the DWSN.
-
-
-
Date
-
2016
-
-
-
Extra
-
Publisher: Sage Publications Sage UK: London, England
Prefigurative Post-Politics as Strategy: The Case of Government-Led Blockchain Projects
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Syed Omer Hussain
-
-
-
Abstract
-
Critically engaging with literature on post-politics,
-blockchain and algorithmic governance, and drawing also on knowledge
-gained from undertaking a three-year empirical study, the purpose of
-this article is to better understand the transformative capacity of
-government-led blockchain projects. Analysis of a diversity of empirical
- material, which was guided by a digital ethnography approach, is used
-to support the furthering of the existing debate on the nature of the
-post-political as a condition and/or strategy. Through these theoretical
- and empirical explorations, the article concludes that while the
-post-political represents a contingent political strategy by
-governmental actors, it could potentially impose an algorithmically
-enforced post-political 'condition' for the citizen. It is argued that
-the design, features and mechanisms of government-led projects are
-deliberately and strategically used to delimit a citizens' political
-agency. In order to address this scenario, we argue that there is a need
- not only to analyse and contribute to the algorithmic design of
-blockchain projects (i.e. the affordances and constraints they set), but
- also to the metapolitical narrative underpinning them (i.e. the
-political imaginaries underlying the various government-led projects).
Preying on the poor? Opportunities and challenges for tackling
-the social and environmental threats of cryptocurrencies for vulnerable
-and low-income communities
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Peter Howson
-
-
-
Author
-
Alex de Vries
-
-
-
Abstract
-
The rate of adoption of some cryptocurrencies is triggering
-alarm from energy researchers and social scientists concerned about the
-industry's growing environmental and social impacts. In this paper we
-argue that the unsustainable trajectory of some cryptocurrencies
-disproportionately impacts poor and vulnerable communities where
-cryptocurrency producers and other actors take advantage of economic
-instabilities, weak regulations, and access to cheap energy and other
-resources. Globally, over 100 million people hold cryptocurrency, mostly
- as a speculative asset. The digital infrastructure behind the most
-popular cryptocurrency, bitcoin, currently requires as much energy as
-the whole of Thailand, with a carbon footprint exceeding the gold mining
- industry. Should bitcoin's mass adoption continue, an escalating
-climate crisis is inevitable, disproportionately exacerbating social and
- environmental challenges for communities already experiencing multiple
-dimensions of deprivation. In mitigating these impacts, the paper
-considers 4 potential regulatory pathways, including: 1) promoting
-voluntary private-sector commitments to using only renewable energy, 2)
-encouraging a system of voluntary carbon offsetting, 3) using existing
-financial regulations and tax frameworks, and 4) imposing national
-and/or international bans on cryptocurrency ‘mining'. The paper argues
-that effective environmental regulation of cryptocurrencies is urgently
-required, both to reduce the threat of catastrophic climate change, and
-to help the world's poorest towards sustainable development. However,
-regulating cryptocurrency mining in any context is likely to require a
-combination of efforts and is unlikely to result in win-win outcomes for
- all.
Privacy for the weak, transparency for the powerful: the cypherpunk ethics of Julian Assange
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Patrick D. Anderson
-
-
-
Abstract
-
WikiLeaks is among the most controversial institutions of the
-last decade, and this essay contributes to an understanding of WikiLeaks
- by revealing the philosophical paradigm at the foundation of Julian
-Assange's worldview: cypherpunk ethics. The cypherpunk movement emerged
-in the early-1990s, advocating the widespread use of strong cryptography
- as the best means for defending individual privacy and resisting
-authoritarian governments in the digital age. For the cypherpunks,
-censorship and surveillance were the twin evils of the computer age, but
- they viewed encryption as a means to circumvent both. As a cypherpunk,
-Assange advocates for the use of cryptography in the fight for
-individual privacy as well as the fight for global justice. His
-cosmopolitan disposition is informed by his hacker background, antiwar
-principles, and Enlightenment outlook. This essay places Assange's
-philosophical idea in historical context, exploring his views on
-censorship, surveillance, and the right to communicate. It also connects
- his cypherpunk principles to WikiLeaks, showing that the strategy of
-encouraging data leaks from powerful political and economic
-organizations is classic cypherpunk political praxis.
Profiting in economic storms: a historic guide to surviving depression, deflation, hyperinflation, and market bubbles
-
-
-
Type
-
Book
-
-
-
Author
-
Daniel S Shaffer
-
-
-
Date
-
2010
-
-
-
Publisher
-
John Wiley & Sons
-
-
-
Date Added
-
21/02/2022, 13:52:11
-
-
-
Modified
-
21/02/2022, 13:52:11
-
-
-
-
-
-
-
Proof-of-work’s limited adoption problem
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Franz J Hinzen
-
-
-
Author
-
Kose John
-
-
-
Author
-
Fahad Saleh
-
-
-
Date
-
2019
-
-
-
Publication
-
NYU Stern School of Business
-
-
-
Date Added
-
21/02/2022, 13:52:14
-
-
-
Modified
-
21/02/2022, 13:52:14
-
-
-
-
-
-
-
Propertization: The Process by Which Financial Corporate Power Has Risen
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Jongchul Kim
-
-
-
Abstract
-
The literature on law and finance considers that law and
-finance influence each other but are separate spheres that do not
-constitute each other's nature. This paper opposes this conventional
-dichotomy and argues that the current legal structure and legal
-decisions have determined the very nature of shares, including money
-market fund (MMF) shares. Western law has Roman origins and is
-structured by the Roman legal division between property (rights in rem)
-and contract (rights in personam). This paper examines how, in shares —
-including MMF shares — contractual rights have been granted their
-opposite, property rights. This paper argues that this property-ization
-of contractual claims has led to the rise of financial corporate power,
-especially MMFs. The paper then explores how the property-ization of MMF
- shares contributed to generating the financial crisis of 2008, and it
-ends by briefly discussing an MMF reform policy from a legal
-perspective.
Ransomware Attacks Grow, Crippling Cities and Businesses
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Nathaniel Popper
-
-
-
Date
-
2020-02
-
-
-
Publication
-
New York Times
-
-
-
Date Added
-
21/02/2022, 13:52:12
-
-
-
Modified
-
21/02/2022, 13:52:12
-
-
-
-
-
-
-
Ransomware threat success factors, taxonomy, and countermeasures: A survey and research directions
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Bander Ali Saleh Al-rimy
-
-
-
Author
-
Mohd Aizaini Maarof
-
-
-
Author
-
Syed Zainudeen Mohd Shaid
-
-
-
Date
-
2018
-
-
-
Extra
-
Publisher: Elsevier
-
-
-
Volume
-
74
-
-
-
Pages
-
144–166
-
-
-
Publication
-
Computers & Security
-
-
-
Date Added
-
03/03/2022, 09:05:55
-
-
-
Modified
-
03/03/2022, 09:05:55
-
-
-
-
-
-
-
Re-risking in realtime. On possible futures for finance after the blockchain
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Bill Maurer
-
-
-
Date
-
2016
-
-
-
Volume
-
9
-
-
-
Pages
-
82–96
-
-
-
Publication
-
Behemoth-A Journal on Civilisation
-
-
-
Issue
-
2
-
-
-
Date Added
-
02/03/2022, 08:26:26
-
-
-
Modified
-
02/03/2022, 08:26:26
-
-
-
Tags:
-
-
PROCESSED
-
IDEOLOGY
-
-
-
-
-
-
Reactionary Technopolitics: A Critical Sociohistorical Review
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Sean Doody
-
-
-
Abstract
-
This paper outlines a critical social history of reactionary
-media, political, and information networks—what I refer to generally as
-technopolitics—in the United States and their significance to the
-hostility towards truth and fact that is a central feature of our
-political present. I begin with a critical review of the unique
-right-wing media and political ecosystem that emerged from the alliance
-between neoliberalism and social conservatism in the twentieth-century.
-In the second section, I focus on digitization, Trump, and the
-alt-right, and discuss the historical tethers connecting the latter to
-the cyber-libertarians and white supremacists operating on the early
-internet. Next, I take stock of the history covered in the paper, and
-argue that we can see three general sociopolitical tendencies emerging
-from our current juncture: something like a paleoconservative hardening
-of the Republican Party's base; the degeneration of the core alt-right
-into white supremacist terrorism; and the rise of an “intellectualist”
-reactionary assemblage epitomized by the Intellectual Dark Web (IDW). I
-provide a brief analysis of the IDW and discuss its chief political and
-social significance in the post-Trump, post-alt-right social landscape
-of what Jodi Dean describes as communicative capitalism.
mainly a critique of early DAOs and techno-solutionism
-
-
-
Date Added
-
25/02/2022, 11:52:48
-
-
-
Modified
-
25/02/2022, 11:53:46
-
-
-
Attachments
-
-
Reflections on the Blockchain · Rufus Pollock Online
-
-
-
-
-
-
Regulating blockchain for sustainability? The critical
-relationship between digital innovation, regulation, and electricity
-governance
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Carlo Amenta
-
-
-
Author
-
E Riva Sanseverino
-
-
-
Author
-
Carlo Stagnaro
-
-
-
Abstract
-
Blockchain technology has found several innovative
-applications in the electricity industry. However, its potential has
-still to be discovered. This is partly due to the role that regulation
-plays in electricity markets. To be introduced, experimented with, and
-eventually adopted on a commercial scale, blockchain-supported
-innovations need to fit the existing regulatory framework or the rules
-to be reshaped or updated. We focus on energy regulators' possible
-responses to the blockchain-enhanced market operations (both from the
-incumbents and potential newcomers), suggesting a monitoring mechanism
-that can support innovation.
Regulating fraud: White-collar crime and the criminal process
-
-
-
Type
-
Book
-
-
-
Author
-
Michael Levi
-
-
-
Date
-
2013
-
-
-
Publisher
-
Routledge
-
-
-
Date Added
-
21/02/2022, 13:52:14
-
-
-
Modified
-
21/02/2022, 13:52:14
-
-
-
-
-
-
-
Regulating Libra
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Dirk A. Zetzsche
-
-
-
Author
-
Ross P. Buckley
-
-
-
Author
-
Douglas W. Arner
-
-
-
Abstract
-
Libra is the first private cryptocurrency with the potential
-to change the landscape of global payment and monetary systems. Due to
-the scale and reach provided by its affiliation with Facebook, the
-question is not whether, but how, to regulate it. This article
-introduces the Libra project and analyses the potential responses open
-to regulators worldwide. We conclude that perhaps the greatest impact
-will come not from Libra itself, but rather from reactions to it,
-particularly by other BigTechs, incumbent financial institutions and
-governments around the world.
Regulating smart contracts: Legal revolution or simply evolution?
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Agata Ferreira
-
-
-
Abstract
-
Blockchain-based smart contracts have triggered polarised
-discussions. They have been applauded as a significant technological
-achievement, but also criticised as a dumb idea. Their application is
-rapidly expanding in the financial sector, public sector, supply chain
-management, and the automobile, real estate, insurance, and health care
-industries. With the growing use of smart contracts and an increasing
-variety of smart contracts applications, the debate over the legal
-implications of this phenomenon has intensified and many legal issues
-related to smart contracts are being examined. Legal scholars have
-highlighted potential legal pitfalls, controversies and
-incompatibilities with existing legal frameworks. Blockchain technology
-and smart contracts have also been fuelling an interest of legislators,
-who have begun to recognise regulatory uncertainties and are making the
-first attempts to introduce legislative solutions to address them. This
-paper aims to highlight the fervour of the scholarly debate surrounding
-smart contracts and contrast it with a rather modest response from the
-legislators thus far. The paper reiterates that smart contracts
-represent the future. Even though they challenge practitioners,
-scholars, and legislators, current legislative initiatives indicate that
- under most legal systems there are no major obstacles for smart
-contracts and to accommodate smart contracts within the existing legal
-frameworks we should expect legal evolution rather than revolution.
Regulation by blockchain: The emerging battle for supremacy between the code of law and code as law
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Karen Yeung
-
-
-
Abstract
-
This paper critically examines the intersection and
-interactions between conventional law produced and enforced by national
-legal systems (ie the ‘code of law') and the internal rules of
-blockchain systems, which take the form of executable software code and
-cryptographic algorithms operating across a distributed computing
-network (‘code as law'). In so doing, it seeks to identify whether, and
-to what extent, ‘regulation by blockchain' will successfully avoid
-governance by conventional law. It identifies three different ways in
-which the code of law is likely to interact with code as law, based
-primarily on the intended motives and purposes of those engaged in
-activities in developing, maintaining or undertaking transactions upon
-the network. It argues that these different classes of case are likely
-to generate different kinds of dynamic interaction between the
-blockchain code and conventional legal systems, and critically examines
-the normative foundations of these emerging and anticipated
-interactions.
Regulation of Crypto Tokens and Initial Coin Offerings in the EU: De lege lata and de lege ferenda
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Vlad Burilov
-
-
-
Abstract
-
Much like initial public offerings produce publicly traded
-securities, Initial Coin Offerings (icos) produce crypto tokens
-tradeable on crypto exchanges. Despite an apparent need for investor
-protection the ico and the tokenisation phenomenon have yet to be
-addressed by legislative action on the EU level. The paper studies the
-suitability of the EU regulatory framework to capture tokenised
-financial instruments and utility tokens based on the views of the EU
-supervisory and national competent authorities. It is argued that EU
-regulators shall first ensure legal certainty by defining the scope of
-tokenised financial instruments subject to MiFID. Further, authorisation
- and ongoing requirements shall be adapted to address the risks posed by
- distributed technology and direct global access of investors to crypto
-markets. Finally, there is no immediate need for a bespoke EU-wide
-regime governing utility tokens; fragmentation of the market is a
-positive development providing a testing field for future supranational
-initiatives.
-
-
-
Date
-
2019
-
-
-
Extra
-
Publisher: Brill Nijhoff
-
-
-
Volume
-
6
-
-
-
Pages
-
146–186
-
-
-
Publication
-
European Journal of Comparative Law and Governance
Regulation of Crypto: Who Is the Securities and Exchange Commission Protecting?
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Carol R. Goforth
-
-
-
Abstract
-
SEC v. Telegram and SEC v. Kik, both decided in 2020,
-establish some ground-breaking rules about how the federal securities
-laws apply to cryptotransactions. In both cases, the court concluded
-that a large, reputable social media company had conducted a crypto
-offering in violation of federal law. In neither case was fraud or other
- criminal conduct an issue; the sole problem was failure to register the
- sales or comply with an exemption from registration. To find a
-violation, both opinions collapsed a two-phase offering into a single,
-integrated scheme. This approach appears to be an unnecessarily
-overbroad application of the law, protecting neither investors nor
-capital markets. A cost of this approach is that crypto entrepreneurs
-are being forced away from the United States, and American investors are
- denied opportunities to participate in a potentially desirable
-technological revolution. This article examines the rationale employed
-in these two decisions in light of the existing statutory and regulatory
- framework. It also considers recent amendments to federal rules
-defining the “integration doctrine,” which was relied on explicitly in
-the Kik decision. This article suggests how future crypto offerings
-might be structured to avoid the pitfalls created by the Kik and
-Telegram opinions. It advocates a more limited approach than the one
-urged by regulators. Its suggestions depend not on a change in law but
-only a change in understanding what is required in order to conduct a
-compliant crypto offering.
Regulation of the Crypto-Economy: Managing Risks, Challenges, and Regulatory Uncertainty
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Douglas J. Cumming
-
-
-
Author
-
Sofia Johan
-
-
-
Author
-
Anshum Pant
-
-
-
Abstract
-
Distributed ledger technology, also known as the blockchain,
-is gaining traction globally. Blockchain offers a secure validation
-mechanism and decentralized mass collaboration. Cryptocurrencies make
-use of this technology as a new asset class for investors worldwide.
-Cryptocurrencies are being used by companies to raise capital via
-initial coin offerings (ICOs). The substantial inflow of unregulated
-capital into a transactional and transnational industry has aroused
-interest from not just investors, but also national securities and
-monetary regulatory agencies. In this paper, we review the Security and
-Exchange Commission's initial statements and subsequent pronouncements
-on ICO's to illustrate the potential problems with applying an older
-legal framework to an ever-evolving ecosystem. Recognizing the inability
- of enforcement within existing regulatory frameworks, we discuss the
-importance of regulation of the crypto asset class and internal
-collaboration between government agencies and developers in the
-establishment of an ecosystem that integrates investor protection and
-investments.
-
-
-
Date
-
2019
-
-
-
Extra
-
Publisher: Multidisciplinary Digital Publishing Institute
Regulatory Technology: Replacing Law with Computer Code
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Eva Micheler
-
-
-
Author
-
Anna Whaley
-
-
-
Abstract
-
In the UK both the Bank of England and the Financial Conduct
-Authority have recently carried out experiments using new digital
-technology for regulatory purposes. The idea is to replace rules written
- in natural legal language with computer code and to use artificial
-intelligence for regulatory purposes. This new way of designing
-regulatory rules is in line with the UK government's vision for the
-country to become a global leader in digital technology. It is also
-reflected in the FCA's business plan. The article reviews the technology
- and the advantages and disadvantages of combining the technology with
-regulatory law. It then informs the discussion from a broader
-perspective. It analyses regulatory technology through criteria
-developed in the mainstream regulatory debate. It contributes to that
-debate by anticipating problems that will arise as the technology
-evolves. In addition, the hope is to assist the government in avoiding
-mistakes that have occurred in the past and creating a better system
-from the start.
Reimagining New Socio-Technical Economics Through the Application of Distributed Ledger Technologies
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Sarah Manski
-
-
-
Author
-
Michel Bauwens
-
-
-
Abstract
-
Distributed ledger technology (DLT) is increasingly proposed
-as a powerful tool to address the social and ecological challenges in
-the Global South. DLTs are opening up possible futures, one of which is a
- wave of infrastructure decentralization with common-centric and
-cosmo-local production. Shared logistics and supply chains for a
-circular economy, with collaborative and networked “flow” accounting
-allow the integration of contributive logics as well as the integration
-of social and ecological externalities, including practical knowledge on
- resource use limitations linked to planetary boundaries, as an integral
- part of ecosystems of productive collaboration. Indeed, DLTs remove the
- need for central intermediaries to validate transaction between
-parties, who instead place their trust in the encrypted,
-disintermediated system software. DLTs can be designed as a new
-unencloseable (non-commodifiable) medium of communication, which could
-lead to radically new forms of cooperation, organization, and
-governance. Yet these revolutionary possibilities will not be realized
-unless technologists consciously and strategically design systems
-redistributing sovereignty from elites to the people in financial,
-service, and national infrastructures. This paper concludes with a
-critical examination of the application of DLT in Puerto Rico and how
-DLTs could alter the production and exchange of “value” in service of a
-global popular sovereignty.
Renewable energy will not solve bitcoin’s sustainability problem
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Alex de Vries
-
-
-
Date
-
2019
-
-
-
Extra
-
Publisher: Elsevier
-
-
-
Volume
-
3
-
-
-
Pages
-
893–898
-
-
-
Publication
-
Joule
-
-
-
Issue
-
4
-
-
-
Date Added
-
21/02/2022, 13:52:16
-
-
-
Modified
-
21/02/2022, 13:52:16
-
-
-
-
-
-
-
Review of blockchain-based distributed energy: Implications for institutional development
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Amanda Ahl
-
-
-
Author
-
Masaru Yarime
-
-
-
Author
-
Kenji Tanaka
-
-
-
Author
-
Daishi Sagawa
-
-
-
Abstract
-
The future of energy is complex, with fluctuating renewable
-resources in increasingly distributed systems. It is suggested that
-blockchain technology is a timely innovation with potential to
-facilitate this future. Peer-to-peer (P2P) microgrids can support
-renewable energy as well as economically empower consumers and
-prosumers. However, the rapid development of blockchain and prospects
-for P2P energy networks is coupled with several grey areas in the
-institutional landscape. The purpose of this paper is to holistically
-explore potential challenges of blockchain-based P2P microgrids, and
-propose practical implications for institutional development as well as
-academia. An analytical framework for P2P microgrids is developed based
-on literature review as well as expert interviews. The framework
-incorporates 1) Technological, 2) Economic, 3) Social, 4) Environmental
-and 5) Institutional dimensions. Directions for future work in practical
- and academic contexts are identified. It is suggested that bridging the
- gap from technological to institutional readiness would require the
-incorporation of all dimensions as well as their inter-relatedness.
-Gradual institutional change leveraging community-building and
-regulatory sandbox approaches are proposed as potential pathways in
-incorporating this multi-dimensionality, reducing cross-sectoral silos,
-and facilitating interoperability between current and future systems. By
- offering insight through holistic conceptualization, this paper aims to
- contribute to expanding research in building the pillars of a more
-substantiated institutional arch for blockchain in the energy sector.
Revolution Now! with Peter Joseph | Ep #23 | May 21st 2021
-
-
-
Type
-
Video Recording
-
-
-
Director
-
Revolution Now!
-
-
-
Abstract
-
*Special 1 hour show.In this episode, Bitcoin, Wall St and the
- toxic evolution of Financialization is discussed, with secondary focus
-on core principles of s...
We establish that cryptocurrency returns are driven and can be
- predicted by factors that are specific to cryptocurrency markets.
-Cryptocurrency returns are exposed to cryptocurrency network factors but
- not cryptocurrency production factors. We construct the network factors
- to capture the user adoption of cryptocurrencies and the production
-factors to proxy for the costs of cryptocurrency production. Moreover,
-there is a strong time-series momentum effect, and proxies for investor
-attention strongly forecast future cryptocurrency returns.
Parmi les technologies majeures qui se sont succédé depuis la
-fin de la Seconde Guerre mondiale, la blockchain (2009), dont Bitcoin,
-reste encore mal comprise en dehors de ses applications monétaires. Elle
- a pourtant déjà des conséquences importantes dans le champ de la
-création (art, design, jeu vidéo, etc.) à travers le développement,
-depuis 2015, des « Non Fungible Tokens » (NFT) – à savoir la production
-d'un certificat numérique infalsifiable et décentralisé attaché à une
-entité numérique tangible. Contrairement à la pensée des « communs » et à
- la culture du libre, les NFT promettent de créer de la « rareté
-numérique » : sans eux, une fois mis en ligne sur le Web, une image, une
- vidéo, un film ou une musique peuvent être dupliqués et circuler sans
-aucune possibilité de contrôle. Mis en lumière depuis le début de
-l'année 2021 par une multitude de ventes aux sommes record (69 millions
-de dollars pour un NFT de l'artiste Beeple) et par le développement de
-places de marché spécifiques, les NFT soulèvent des enjeux relatifs à la
- valeur, à la circulation et à l'exposition des productions artistiques
-et culturelles.
Smart (Legal) Contracts, or: Which (Contract) Law for Smart Contracts?
-
-
-
Type
-
Book Section
-
-
-
Author
-
Giesela Rühl
-
-
-
Abstract
-
The law applicable to smart contracts is a neglected topic. At
- times it is even discarded as irrelevant or unnecessary. In fact, many
-authors claim that smart contracts especially when stored and executed
-with the help of blockchain technology make contract law and, in fact,
-the entire legal system obsolete. “Code is law” is the frequently cited
-catchphrase. In the following chapter I will challenge this view and
-argue, first, that smart contracts need contract law just as other,
-traditional contracts, and, second, that the applicable contract law
-can—at least in most cases—be determined with the help of the
-traditional rules of private international law.
-
-
-
Date
-
2021
-
-
-
Extra
-
DOI: 10.1007/978-3-030-52722-8_11
-
-
-
Publisher
-
Springer
-
-
-
Pages
-
159–180
-
-
-
Book Title
-
Blockchain, Law and Governance
-
-
-
Date Added
-
02/03/2022, 08:25:11
-
-
-
Modified
-
02/03/2022, 08:25:11
-
-
-
Tags:
-
-
PROCESSED
-
LAW & SMART
-
LAW & SMART_SC
-
-
-
-
-
-
Smart Contracts on the Blockchain – A Bibliometric Analysis and Review
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Lennart Ante
-
-
-
Abstract
-
Smart contracts are decentrally anchored scripts on
-blockchains or similar infrastructures that allow the transparent
-execution of predefined processes. Using smart contracts, assets like
-money become programmable, which opens up previously inaccessible
-application potential. To date, smart contracts control billions in
-value. This paper analyzes 468 peer-reviewed articles on the topic of
-smart contracts and their 20,188 references, providing a summary and
-analysis of the current state of research on smart contracts. Using
-exploratory factor analysis for co-citation analysis, we identify six
-different strands of research that concern technical, social, economic
-and legal disciplines: I) technical foundations, development and open
-questions of blockchain networks, II) blockchain and smart contracts for
- the Internet of Things, III) smart contract standardization,
-verification and security, IV) blockchain and smart contracts for the
-disruption of existing processes and industries, V) potentials and
-challenges of smart contracts, and VI) smart contracts and the law. The
-interrelations between these groups are visualized using social network
-analysis. We thus obtain a structured overview of the main strands of
-research concerning smart contracts, their development over time, the
-relevance of smart contract platforms in research, and conceptual
-connections between publications and discourses. The results offer
-researchers and practitioners a substantial basis for their work on
-smart contracts.
Smart contracts on the blockchain – A bibliometric analysis and review
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Lennart Ante
-
-
-
Abstract
-
Smart contracts are decentrally anchored scripts on
-blockchains or similar infrastructures that allow the transparent
-execution of predefined processes. Using smart contracts, business logic
- can be automated and assets such as money become programmable, which
-opens up previously inaccessible application potential. To date, smart
-contracts control billions in value. This paper analyzes 468 articles on
- the topic of smart contracts and their 20,188 references, providing a
-summary and analysis of the current state of research on smart contracts
- and identifying intellectual structures and emerging trends. Using
-exploratory factor analysis for co-citation analysis, six different
-strands of research are identified that concern technical, social,
-economic and legal disciplines: I) technical foundations, development
-and open questions of blockchain networks, II) blockchain and smart
-contracts for the Internet of Things, III) smart contract
-standardization, verification and security, IV) blockchain and smart
-contracts for the disruption of existing processes and industries, V)
-potentials and challenges of smart contracts, and VI) smart contracts
-and the law. The interrelations between these groups and individual
-high-impact publications are visualized using social network analysis. A
- structured overview of the main strands of research concerning smart
-contracts, their development over time, the relevance of smart contract
-platforms in research, and conceptual connections between publications
-and discourses is obtained. Based on the results, starting points for
-future research are derived, which offer researchers and practitioners a
- substantial basis for their work on smart contracts.
Smart contracts: terminology, technical limitations and real world complexity
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Eliza Mik
-
-
-
Abstract
-
If one is to believe the popular press and many “technical
-writings,” blockchains create not only a perfect transactional
-environment but also obviate the need for banks, lawyers and courts. The
- latter will soon be replaced by smart contracts: unbiased and
-infallible computer programs that form, perform and enforce agreements.
-Predictions of future revolutions must, however, be distinguished from
-the harsh reality of the commercial marketplace and the technical
-limitations of blockchains. The fact that a technological solution is
-innovative and elegant need not imply that it is commercially useful or
-legally viable. Apart from attempting a terminological “clean-up”
-surrounding the term smart contract, this paper presents some
-technological and legal constraints on their use. It confronts the
-popular claims concerning their ability to automate transactions and to
-ensure perfect performance. It also examines the possibility of reducing
- contractual relationships to code and the ability to integrate smart
-contracts with the complexities of the real world. A closer analysis
-reveals that smart contracts can hardly be regarded as a semi-mythical
-technology liberating the contracting parties from the shackles of
-traditional legal and financial institutions.
Software Developers as Fiduciaries in Public Blockchains
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Angela Walch
-
-
-
Abstract
-
This chapter addresses the myth of decentralized governance of
- public blockchains, arguing that certain people who create, operate, or
- reshape them function much like fiduciaries of those who rely on these
-powerful data structures. Explicating the crucial functions that leading
- software developers perform, the chapter compares the role to Tamar
-Frankel's conception of a fiduciary, and finds much in common, as users
-of these technologies place extreme trust in the leading developers to
-be both competent and loyal (ie, to be free of conflicts of interest).
-The chapter then frames the cost-benefit analysis necessary to evaluate
-whether, on balance, it is a good idea to treat these parties as
-fiduciaries, and outlines key questions needed to flesh out the
-fiduciary categorization. For example, which software developers are
-influential enough to resemble fiduciaries? Are all users of a
-blockchain ‘entrustors' of the fiduciaries who operate the blockchain,
-or only a subset of those who rely on the blockchain? Finally, the
-chapter concludes with reflections on the broader implications of
-treating software developers as fiduciaries, given the existing
-accountability paradigm that largely shields software developers from
-liability for the code they create.
-
-
-
Date
-
2019
-
-
-
Extra
-
Publisher: Chapter in Regulating Blockchain. Techno-Social and Legal Challenges, edited$\sim$\ldots
-
-
-
Publication
-
Regulating Blockchain. Techno-Social and Legal Challenges, ed.
- by Philipp Hacker, Ioannis Lianos, Georgios Dimitropoulos & Stefan
-Eich, Oxford University Press, 2019.
Yesterday I had a quasi-viral tweet about how I cannot for the
- life of me find an explanation as to why Web3 and the blockchain are so
- inevitably the future. Charlie Warzel, ever the optimist for no given
-reason suggested the following: Instead of a technology achieving mass
-adoption and creating a culture in its wake, much of the crypto movement
- is a durable culture that is waiting for its mass-adoption product and
-trying to spin up technologies that augment the culture.
Some traders are talking up cryptocurrencies, then dumping them, costing others millions
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Shane Shifflett
-
-
-
Author
-
Paul Vigna
-
-
-
Date
-
2018
-
-
-
Publication
-
The Wall Street Journal
-
-
-
Date Added
-
21/02/2022, 13:52:13
-
-
-
Modified
-
21/02/2022, 13:52:13
-
-
-
-
-
-
-
Special report: in Venezuela, new cryptocurrency is nowhere to be found
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Brian Ellsworth
-
-
-
Date
-
2018
-
-
-
Pages
-
30–08
-
-
-
Publication
-
Reuters
-
-
-
Date Added
-
21/02/2022, 13:52:12
-
-
-
Modified
-
21/02/2022, 13:52:12
-
-
-
-
-
-
-
Stablecoins: Survivorship, Transactions Costs and Exchange Microstructure
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Bruce Mizrach
-
-
-
Abstract
-
Seven of the ten largest stablecoins are backed by fiat
-assets. The 2016 and 2017 vintages of stablecoins have failure rates of
-100% and 50% respectively. More than one-third of stablecoins have
-failed. Tether has a 39% share of 1.77 trillion USD in 2021Q2
-transactions, and USD Coin 28%. The top three stablecoins have an
-average velocity of 28.3. Tether transacted between 3.8 million unique
-addresses, 63% of the ERC-20 token network. Six of the top ten tokens
-have unconcentrated Herfindahl indices, but Gemini, Pax and Huobi have
-single holders with more than 50% of the supply. The median Tether
-transaction fee is similar to the cost of an ATM transaction, but they
-are three to four times more for Dai and USDC. Fees, which are
-proportional to the price of Ethereum, are rising though. Median fees
-for Tether rose 3,628% over the last year, and 1,897% for USD Coin. 24
-hour exchange turnover in Tether is nearly $120 billion. This is
-comparable to the daily volume at the NYSE and almost 15 times the daily
- flow in money market mutual funds. Narrow bid-ask spreads and depth
-have attracted active HFT participation.
Substituting trust by technology: A comparative study
-
-
-
Type
-
Manuscript
-
-
-
Author
-
Rath Johanna
-
-
-
Abstract
-
This study contrasts different effects of applying blockchain
-technology on a social norm of trust and individual behaviour. The
-advanced technological features of blockchain could either complete
-contractual information and prevent coordination failures by
-substituting the need for trust or allow for some degree of
-incompleteness in information and favour a reciprocal mechanism of trust
- to solve for inefficiencies arising out of it. Either way, incomplete
-information is a necessary condition for the emergence of social norms
-of trust and reciprocity; hence a change in the completion of
-contractual information influences the institutional setting that market
- mechanisms are embedded in. One evolutionary process drives both, the
-degree of information available and behavioural traits within the
-society. Technology is neutral, but the way it is applied has different
-consequences on the institutional setting and thus favours different
-individual behavioural traits. Blockchain technology might either
-substitute or complement the need for trust
Survival of the cryptic: Tracing technological imaginaries across ideologies, infrastructures, and community practices
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Sarah Myers West
-
-
-
Abstract
-
This article explores an inflection point for the crypto
-community as it grappled with a series of cascading failures. Drawing on
- 3 years of ethnographic observation and interviews at conferences
-devoted to building privacy systems, I consider how a determinist
-conception of encryption technologies inhibited the widespread adoption
-of privacy technologies. I develop the frame of “survival of the
-cryptic” to call attention to the way this conception fails to
-acknowledge how power shapes the conditions of surveillance: that race
-and racism, gender and misogyny affect not only who is most impacted by
-surveillance but also how the encryption technologies developed to
-inhibit surveillance were designed—and, as importantly, who they were
-designed for. I conclude by offering a new imaginary for encryption that
- draws on queer, black and feminist thought by centering the need to
-create safe and autonomous spaces for collective survival under
-conditions of mass surveillance.
-
-
-
Date
-
2020
-
-
-
Extra
-
Publisher: SAGE Publications Sage UK: London, England
Concern about the carbon footprint of Bitcoin is not holding
-back blockchain developers from leveraging the technology for action on
-climate change. Although blockchain technology is enabling individuals
-and businesses to manage their carbon emissions, the social and
-environmental costs and benefits of doing so remain unclear.
Taking a bit out of crime: Bitcoin and cross-border tax evasion
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Thomas Slattery
-
-
-
Date
-
2014
-
-
-
Extra
-
Publisher: HeinOnline
-
-
-
Volume
-
39
-
-
-
Pages
-
829
-
-
-
Publication
-
Brook. J. Int'l L.
-
-
-
Date Added
-
03/03/2022, 09:06:57
-
-
-
Modified
-
03/03/2022, 09:06:57
-
-
-
-
-
-
-
Taking Blockchain Seriously
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Robert Herian
-
-
-
Abstract
-
In the present techno-political moment it is clear that
-ignoring or dismissing the hype surrounding blockchain is unwise, and
-certainly for regulatory authorities and governments who must keep a
-grip on the technology and those promoting it, in order to ensure
-democratic accountability and regulatory legitimacy within the
-blockchain ecosystem and beyond. Blockchain is telling (and showing) us
-something very important about the evolution of capital and neoliberal
-economic reason, and the likely impact in the near future on forms and
-patterns of work, social organization, and, crucially, on communities
-and individuals who lack influence over the technologies and data that
-increasingly shape and control their lives. In this short essay I
-introduce some of the problems in the regulation of blockchain and offer
- counter-narratives aimed at cutting through the hype fuelling the
-ascendency of this most contemporary of technologies.
Cryptocurrencies are all the rage, but there is nothing new
-about privately produced money. The goal of private money is to be
-accepted at par with no questions asked. This did not occur during the
-Free Banking Era in the United States—a period that most resembles the
-current world of stablecoins. State-chartered banks in the Free Banking
-Era experienced panics, and their private monies made it very hard to
-transact because of fluctuating prices. That system was curtailed by the
- National Bank Act of 1863, which created a uniform national currency
-backed by U.S. Treasury bonds. Subsequent legislation taxed the
-state-chartered banks' paper currencies out of existence in favor of a
-single sovereign currency. The newest type of private money is now upon
-us—in the form of stablecoins like “Tether” and Facebook's “Diem”
-(formerly “Libra”). Based on lessons learned from history, we argue that
- privately produced monies are not an effective medium of exchange
-because they are not always accepted at par and are subject to runs. We
-present proposals to address the systemic risks created by stablecoins,
-including regulating stablecoin issuers as banks and issuing a central
-bank digital currency
Taxonomy of centralization in public blockchain systems: A systematic literature review
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Ashish Rajendra Sai
-
-
-
Author
-
Jim Buckley
-
-
-
Author
-
Brian Fitzgerald
-
-
-
Author
-
Andrew Le Gear
-
-
-
Abstract
-
Bitcoin introduced delegation of control over a monetary
-system from a select few to all who participate in that system. This
-delegation is known as the decentralization of controlling power and is a
- powerful security mechanism for the ecosystem. After the introduction
-of Bitcoin, the field of cryptocurrency has seen widespread attention
-from industry and academia, so much so that the original novel
-contribution of Bitcoin, i.e., decentralization, may be overlooked, due
-to decentralizations' assumed fundamental existence for the functioning
-of such crypto-assets. However, recent studies have observed a trend of
-increased centralization in cryptocurrencies such as Bitcoin and
-Ethereum. As this increased centralization has an impact the security of
- the blockchain, it is crucial that it is measured, towards adequate
-control. This research derives an initial taxonomy of centralization
-present in decentralized blockchains through rigorous synthesis using a
-systematic literature review. This is followed by iterative refinement
-through expert interviews. We systematically analyzed 89 research papers
- published between 2009 and 2019. Our study contributes to the existing
-body of knowledge by highlighting the multiple definitions and
-measurements of centralization in the literature. We identify different
-aspects of centralization and propose an encompassing taxonomy of
-centralization concerns. This taxonomy is based on empirically
-observable and measurable characteristics. It consists of 13 aspects of
-centralization, classified over six architectural layers: Governance,
-Network, Consensus, Incentive, Operational, and Application. We also
-discuss how the implications of centralization can vary depending on the
- aspects studied. We believe that this review and taxonomy provides a
-comprehensive overview of centralization in decentralized blockchains
-involving various conceptualizations and measures.
Technological and socio- institutional dimensions of cryptocurrencies. An incremental or disruptive innovation?
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Matilde Massó
-
-
-
Author
-
Anastasiya Shevchenko
-
-
-
Author
-
Nazaret Abalde-Bastero
-
-
-
Abstract
-
Despite the increase in literature on financial innovation as a
- force of change in the financial system, most contributions fail to
-analyze the relationship between the socio-institutional and
-technological design of cryptocurrencies. This paper aims to fill this
-gap by providing a case study of Bitcoin, the most representative of the
- virtual and cryptocurrencies. We begin by addressing the concept of
-financial innovation as a social phenomenon embedded in networks of
-users, technologists, regulations, institutions, culture and history.
-Secondly, we examine the disruptive and evolutionary nature of the
-Bitcoin, comparing it with the characteristics of legal tender money.
-The main conclusions indicate that although Bitcoin represents a
-disruptive technology in the process of monetary creation through a
-peer-to-peer network, it is not a new conception of money in its
-institutional dimension.
In recent years, warnings of a populist threat to central bank
- independence have proliferated. These warnings are based on a
-deep-seated antagonism between technocracy and populism. I argue that to
- understand current challenges for central banks, we should question the
- assumed antagonism between populism and technocracy. Political
-scientists Chris Bickerton and Carlo Accetti (2021) claim that advanced
-democratic states today are in a technopopulist age, “increasingly
-ordered around the combination of appeals to the people and to expertise
- and competence” (pg. 157). This paper discusses central bank
-independence in the technopopulist age. First, I describe the inherent
-tension around the role of expertise in a democracy, and how this
-tension has been approached in the delegation of monetary policymaking
-to independent central banks. Next, I discuss the transition from an era
- of ideological political logic to the current era of technopopulism.
-Then I explain how the technopopulist influence is especially evident in
- recent pressures on central banks, changes in central bank
-communication, and recent amendments to the Federal Reserve's longer-run
- strategy. An important point is that under technopopulism, populists do
- not reject technocratic expertise, but instead rely on it to translate
-their causes into policy. Central banks thus face pressure to use their
-technocratic discretion to do more to serve the people, and to be
-directly accountability to the people rather than to elected
-representatives. In return for greater responsiveness, they gain even
-greater power and discretion.
"Each purported use case — from payments to legal documents,
-from escrow to voting systems—amounts to a set of contortions to add a
-distributed, encrypted, anonymous ledger where none was needed. What if
-there isn’t actually any use for a distributed ledger at all? What if,
-ten years after it was invented, the reason nobody has adopted a
-distributed ledger at scale is because nobody wants it?"
-
-
-
Part of Kai Stinchcombe series that discusses whether blockchain
- can solve various real world use-cases better than traditional
-technologies
-
-
-
Attachments
-
-
Snapshot
-
-
-
-
-
-
Terrorists Turn to Bitcoin for Funding, and They’re Learning Fast
The alter-politics of complementary currencies: The case of Sardex
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Paolo Dini
-
-
-
Author
-
Alexandros Kioupkiolis
-
-
-
Abstract
-
This paper addresses the question whether complementary
-currencies can help us think and practice politics in new and different
-ways which contribute to democratic change and civic empowerment in our
-times. The space created by the Sardex complementary currency circuit in
- Sardinia (2009-to date) seems to leave enough room for the emergence of
- a collective micropolitical consciousness. At the same time, the design
- of a technological and financial infrastructure is also an alternative
-political, or “alter-political” choice. Both are alternative to
-hegemonic politics and to typical modes of mobilization and
-contestation. Thus, the Sardex circuit can best be understood as an
-alter-political combination of the bottom-up micropolitics of personal
-interactions within the circuit and of the politics of technology
-implicit in the top-down design of the technological and financial
-infrastructure underpinning the circuit. The Sardex experience suggests
-that a market that mediates the (local) real economy only and shuts out
-the financial economy can provide economic sustainability by supporting
-SMEs, supply a shield against the adverse effects of financial crises,
-and counteract the fetishization of money by disclosing daily its roots
-in social construction within a controlled environment of mutual
-responsibility, solidarity, and trust. We broached the Sardex currency
-and circuit in such terms in order to illustrate a significant and
-effective instance of alter-politics in our times and also to indicate,
-more specifically, community financial innovations which could be taken
-up and re-deployed to democratize or “commonify” local economies.
The anatomy of a cryptocurrency pump-and-dump scheme
-
-
-
Type
-
Conference Paper
-
-
-
Author
-
Jiahua Xu
-
-
-
Author
-
Benjamin Livshits
-
-
-
Date
-
2019
-
-
-
Pages
-
1609–1625
-
-
-
Proceedings Title
-
28th USENIX Security Symposium
-
-
-
Date Added
-
21/02/2022, 13:52:13
-
-
-
Modified
-
21/02/2022, 13:52:13
-
-
-
-
-
-
-
The Authority of Distributed Consensus Systems Trust, Governance,
- and Normative Perspectives on Blockchains and Distributed Ledgers
-
-
-
Type
-
Thesis
-
-
-
Author
-
M Crepaldi
-
-
-
Abstract
-
The subjects of this dissertation are distributed consensus
-systems (DCS). These systems gained prominence with the implementation
-of cryptocurrencies, such as Bitcoin. This work aims at understanding
-the drivers and motives behind the adoption of this class of
-technologies, and to – consequently – evaluate the social and normative
-implications of blockchains and distributed ledgers. To do so, a
-phenomenological account of the field of distributed consensus systems
-is offered, then the core claims for the adoption of systems are taken
-into consideration. Accordingly, the relevance of these technologies on
-trust and governance is examined. It will be argued that the effects on
-these two elements do not justify the adoption of distributed consensus
-systems satisfactorily. Against this backdrop, it will be held that
-blockchains and similar technologies are being adopted because they are
-regarded as having a valid claim to authority as specified by Max Weber,
- i.e., herrschaft. Consequently, it will be discussed whether current
-implementations fall – and to what extent – within the legitimate types
-of traditional, charismatic, and rational-legal authority. The
-conclusion is that the conceptualization developed by Weber does not
-capture the core ideas that appear to establish the belief in the
-legitimacy of distributed consensus systems. Therefore, this
-dissertation describes the herrschaft of systems such as blockchains by
-conceptualizing a computational extension of the pure type of
-rational-legal authority, qualified as algorithmic authority. The
-foundational elements of algorithmic authority are then discussed.
-Particular attention is focused on the idea of normativity cultivated in
- systems of algorithmic rules as well as the concept of
-decentralization. Practical suggestions conclude the following
-dissertation.
The Authority of Distributed Consensus Systems Trust, Governance,
- and Normative Perspectives on Blockchains and Distributed Ledgers
-
-
-
Type
-
Thesis
-
-
-
Author
-
M Crepaldi
-
-
-
Abstract
-
The subjects of this dissertation are distributed consensus
-systems (DCS). These systems gained prominence with the implementation
-of cryptocurrencies, such as Bitcoin. This work aims at understanding
-the drivers and motives behind the adoption of this class of
-technologies, and to – consequently – evaluate the social and normative
-implications of blockchains and distributed ledgers. To do so, a
-phenomenological account of the field of distributed consensus systems
-is offered, then the core claims for the adoption of systems are taken
-into consideration. Accordingly, the relevance of these technologies on
-trust and governance is examined. It will be argued that the effects on
-these two elements do not justify the adoption of distributed consensus
-systems satisfactorily. Against this backdrop, it will be held that
-blockchains and similar technologies are being adopted because they are
-regarded as having a valid claim to authority as specified by Max Weber,
- i.e., herrschaft. Consequently, it will be discussed whether current
-implementations fall – and to what extent – within the legitimate types
-of traditional, charismatic, and rational-legal authority. The
-conclusion is that the conceptualization developed by Weber does not
-capture the core ideas that appear to establish the belief in the
-legitimacy of distributed consensus systems. Therefore, this
-dissertation describes the herrschaft of systems such as blockchains by
-conceptualizing a computational extension of the pure type of
-rational-legal authority, qualified as algorithmic authority. The
-foundational elements of algorithmic authority are then discussed.
-Particular attention is focused on the idea of normativity cultivated in
- systems of algorithmic rules as well as the concept of
-decentralization. Practical suggestions conclude the following
-dissertation.
The bitcoin blockchain as financial market infrastructure: A consideration of operational risk
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Angela Walch
-
-
-
Date
-
2015
-
-
-
Extra
-
Publisher: HeinOnline
-
-
-
Volume
-
18
-
-
-
Pages
-
837
-
-
-
Publication
-
NYUJ Legis. & Pub. Pol'y
-
-
-
Date Added
-
02/03/2022, 09:31:26
-
-
-
Modified
-
02/03/2022, 09:31:26
-
-
-
-
-
-
-
The bitcoin blockchain as financial market infrastructure: A consideration of operational risk
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Angela Walch
-
-
-
Date
-
2015
-
-
-
Extra
-
Publisher: HeinOnline
-
-
-
Volume
-
18
-
-
-
Pages
-
837
-
-
-
Publication
-
NYUJ Legis. & Pub. Pol'y
-
-
-
Date Added
-
02/03/2022, 13:16:16
-
-
-
Modified
-
02/03/2022, 13:16:16
-
-
-
-
-
-
-
The Bitcoin game: Ethno-resonance as method
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Donncha Kavanagh
-
-
-
Author
-
Gianluca Miscione
-
-
-
Author
-
P. J. Ennis
-
-
-
Abstract
-
The global financial crisis and the contemporaneous emergence
-of the digital currency Bitcoin invite us to think about money and how
-it often functions almost imperceptibly in society. In this article, we
-show that Bitcoin is a ‘new object of concern' that also compels us to
-reimagine ethnography in a digital age. We present a method, which we
-term ethno-resonance, that is both a reaction to the conditions
-presented by the Bitcoin phenomenon and a way of maintaining critical
-distance from its cyberlibertarian politics. We explicate six aspects of
- the method, framed around answers to what, why, how, who, when and
-where questions. Applied to cryptocurrencies, the method leads us to
-depict Bitcoin as a game, and we analyse the game's dynamics through
-mapping the interplay between four foundational myths that animate,
-complicate and sustain the game. More broadly, this contributes to our
-understanding of the nature of money and alternative currencies.
-
-
-
Date
-
2019
-
-
-
Extra
-
Publisher: SAGE Publications Sage UK: London, England
The Bitcoin protocol as law, and the politics of a stateless currency
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Sarah Jeong
-
-
-
Date
-
2013
-
-
-
Publication
-
Available at SSRN 2294124
-
-
-
Date Added
-
21/02/2022, 13:52:14
-
-
-
Modified
-
21/02/2022, 13:52:14
-
-
-
-
-
-
-
The Bitcoin Standard: the Decentralized Alternative to central banking
-
-
-
Type
-
Book
-
-
-
Author
-
Saifedean Ammous
-
-
-
Abstract
-
"Bitcoin is the digital age's novel, decentralized, and
-automated solution to the problem of money: accessible worldwide,
-controlled by nobody. Can this young upstart money challenge the global
-monetary order? Economist Saifedean Ammous traces the history of the
-technologies of money to seashells, limestones, cattle, salt, beads,
-metals, and government debt, explaining what gave these technologies
-their monetary role, what makes for sound money, and the benefits of a
-sound monetary regime to economic growth, innovation, culture, trade,
-individual freedom, and international peace"--
-
-
-
Date
-
2018
-
-
-
Short Title
-
The bitcoin standard
-
-
-
Library Catalog
-
Library of Congress ISBN
-
-
-
Call Number
-
HG1710
-
-
-
Place
-
Hoboken, New Jersey
-
-
-
Publisher
-
Wiley
-
-
-
ISBN
-
978-1-119-47391-6 978-1-119-47389-3
-
-
-
# of Pages
-
1
-
-
-
Date Added
-
23/02/2022, 16:09:00
-
-
-
Modified
-
23/02/2022, 16:14:25
-
-
-
Tags:
-
-
Bitcoin
-
Electronic commerce
-
Government policy
-
-
Notes:
-
-
-
Money -- Primitive moneys -- Monetary metals -- Government money
- -- Digital money -- Sound money and time preference -- Money as
-capitalism's information system -- Sound money and individual freedom --
- What is bitcoin good for? -- Bitcoin questions
-
-
-
Attachments
-
-
Ammous - 2018 - The bitcoin standard the decentralized alternativ.epub
-
-
-
-
-
-
The blockchain and how it can influence conceptions of the self
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Stanton Heister
-
-
-
Author
-
Kristi Yuthas
-
-
-
Abstract
-
Blockchain technologies are rapidly being developed and tested
- in a broad range of business and governmental settings. Their unique
-cryptographic characteristics and configurations enable users
-of these systems to transact directly and anonymously. The data these
-users generate are timestamped and immutable. In open blockhains,
-individual users take responsibility for managing and protecting their
-own data and for ensuring the reliability of the parties with whom they
-transact. The socio-material characteristics of these systems will
-influence user attitudes and behaviors in ways that are profound and
-difficult to predict. Outcomes have not yet been researched, and the
-academy has adopted a stance of technological determinism despite the
-fact that implicit assumptions about outcomes are literally coded in as
-these systems are developed. We envision potential impacts that may
-result from self-sovereign ownership of data including: commoditization
-of the self and relationships with others, the need to police personal
-data and reputation, and new perceptions of time and history that result
- from transaction sequentialization and permanence. Further research on
-the societal impacts of blockchain technologies is needed as these
-systems become ubiquitous.
The Blockchain and the Commons: Dilemmas in the Design of Local Platforms
-
-
-
Type
-
Manuscript
-
-
-
Author
-
Nazli Cila
-
-
-
Author
-
Gabriele Ferri
-
-
-
Author
-
Martijn De Waal
-
-
-
Author
-
Inte Gloerich
-
-
-
Author
-
Tara Karpinski
-
-
-
Abstract
-
This paper addresses the design dilemmas that arise when
-distributed ledger technologies (DLT) are to be applied in the
-governance of artificial material commons. DLTs, such as blockchain, are
- often presented as enabling technologies for self-governing
-communities, provided by their consensus mechanisms, transparent
-administration, and incentives for collaboration and cooperation. Yet,
-these affordances may also undermine public values such as privacy and
-displace human agency in governance procedures. In this paper, the
-conflicts regarding the governance of communities which collectively
-manage and produce a commons are discussed through the case of a
-fictional energy community. Three mechanisms are identified in this
-process: tracking use of and contributions to the commons; managing
-resources, and negotiating the underlying rule sets and user rights. Our
- effort is aimed at contributing to the HCI community by introducing a
-framework of three mechanisms and six design dilemmas that can aid in
-balancing conflicting values in the design of local platforms for
-commons-based resource management.
-
-
-
Date
-
2020
-
-
-
Extra
-
ISBN: 9781450367080
-Publication Title: Conference on Human Factors in Computing Systems - Proceedings
-DOI: 10.1145/3313831.3376660
-
-
-
Date Added
-
02/03/2022, 08:20:47
-
-
-
Modified
-
02/03/2022, 08:20:47
-
-
-
Tags:
-
-
blockchain
-
PROCESSED
-
governance
-
POLITICS_GOVERNANCE
-
commons
-
design dilemmas
-
energy community
-
platformization
-
-
-
-
-
-
The Blockchain as a Narrative Technology: Investigating the Social Ontology and Normative Configurations of Cryptocurrencies
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Wessel Reijers
-
-
-
Author
-
Mark Coeckelbergh
-
-
-
Abstract
-
In this paper, we engage in a philosophical investigation of
-how blockchain technologies such as cryptocurrencies can mediate our
-social world. Emerging blockchain-based decentralised applications have
-the potential to transform our financial system, our bureaucracies and
-models of governance. We construct an ontological framework of
-“narrative technologies” that allows us to show how these technologies,
-like texts, can configure our social reality. Drawing from the work of
-Ricoeur and responding to the works of Searle, in postphenomenology and
-STS, we show how blockchain technologies bring about a process of
-emplotment: an organisation of characters and events. First, we show how
- blockchain technologies actively configure plots such as financial
-transactions by rendering them increasingly rigid. Secondly, we show how
- they configure abstractions from the world of action, by replacing
-human interactions with automated code. Third, we investigate the role
-of people's interpretative distances towards blockchain technologies:
-discussing the importance of greater public involvement with their
-application in different realms of social life.
The blockchain conundrum: humans, community regulation and chains
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Lachlan Robb
-
-
-
Author
-
Felicity Deane
-
-
-
Author
-
Kieran Tranter
-
-
-
Abstract
-
Blockchain can be used to build a human-centric future. This
-is a challenge to recent critical literature on blockchain that sees it
-as another manifestation of digital capitalism that is profoundly
-antisocial and anti-human. This argument is in three parts. The first
-part identifies in the hype and critical literatures about blockchain,
-the blockchain conundrum of the freedom/constraint dyad. While tempting
-to see these literatures as forming a sealed hermeneutic of
-over-positive meets over-negative, it is argued that the critical
-discourse in locating blockchain within digital capitalism provides an
-insight that could unravel the blockchain conundrum. The critical
-literature identifies regulation as essential for human blockchain
-futures. The second part unravels the blockchain conundrum through this
-focus on regulation–through two accounts of law, technology and society;
- Lessig's notion of actors as ‘pathetic dots' and Brownsword's reimaging
- of regulation in technological societies. It is suggested that
-Brownsword's emphasis provides a more nuanced way to make human-centric
-blockchain futures. The final part builds from Brownsword's resolution
-of the blockchain conundrum, to examine a particular blockchain
-application in retail supply (BeefLedger) as representing assemblages
-including blockchains in building human-centric futures through trusted
-communities that enable, rather than restrict, meaningful human action.
The Blockchain That Was Not: The Case of Four Cooperative Agroecological Supermarkets
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Marc Rocas-Royo
-
-
-
Abstract
-
Blockchain is a technology with many applications derived from
- its properties. This article analyzes the case of 4 cooperative
-agroecological supermarkets and in what circumstances blockchain is an
-exciting technology to adopt. The analysis of the gathered data reveals
-10 factors to consider, 5 internal and 5 external. Those factors derive
-into 6 blockchain domains to develop. The article concludes that in 3 of
- them, the drawbacks of implementing the technology, although it is
-theoretically appropriate, are insuperable. The article contributes to
-demystifying blockchain technology and applying the same business logic
-we use with other technical options.
Blockchain technology has its roots in the cryptocurrency
-Bitcoin, which was the first successful attempt to validate transactions
- via a decentralized data protocol. This validation process requires
-vast amounts of electricity, which translates into a significant level
-of carbon emissions. Our approximation of Bitcoin's carbon footprint
-underlines the need to tackle the environmental externalities that
-result from cryptocurrencies. Blockchain solutions are increasingly
-discussed for a broad variety of use cases beyond cryptocurrencies.
-Although not all blockchain protocols are as energy intensive as
-Bitcoin's protocol, environmental aspects, the risk of collusion, and
-concerns about control must not be ignored in the debate on anticipated
-benefits. Our findings for the first stage of blockchain diffusion and
-the externalities we discuss may help policy-makers in setting the right
- rules as the adoption journey of blockchain technology has just
-started.
Local Currencies, Local Exchange Trading Systems, and Time
-Banks are all part of a new social movement that aims to restrict
-money's purchasing power within a certain geographic area, or within a
-certain community. According to their proponents, these restrictions may
- contribute to building sustainable local economies, supporting local
-businesses and creating “warmer” social relations. This article inquires
- whether the overall enthusiasm that surrounds alternative currencies is
- justified. It argues that the potential benefits of these currencies
-are not sufficient to justify the restrictions they impose on money's
-purchasing power. Turning these currencies into effective channels of
-change, by increasing their scope and their strength, could severely
-hinder the pursuit of social justice, in a way that is probably not even
- necessary for achieving their objectives. The paper concludes that
-large-scale limitations of money's purchasing power are, therefore,
-undesirable.
The Challenge of Building a Scalable Postcapitalist Commons: The Limits of FairCoin as a Commons-Based Cryptocurrency
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Sam Dallyn
-
-
-
Author
-
Fabian Frenzel
-
-
-
Abstract
-
Postcapitalist commons are a growing area of interest in the
-efforts to generate alternatives to capitalism in the present. Commons
-are understood as self-organised collectives based around shared
-resources; yet postcapitalist commons have an additional element, in
-operating within while projecting an “after” capitalism. This can give
-rise to tensions since commons striving for postcapitalism also require a
- certain amount of capital to survive and function within capitalism.
-FairCoop is a radical postcapitalist commons that adopted the
-cryptocurrency FairCoin in 2014. FairCoop, through FairCoin, was able to
- generate some trans-local connections through its use of peer2peer
-technologies and was thus able to scale-up. Its design, however, was
-ultimately unsustainable due to insufficiently clear boundaries from
-capital. After highlighting the lack of commons boundaries around
-FairCoop, we identify some additional commons-capital boundary design
-principles which could contribute to the sustainability of future
-postcapitalist commons experiments that are seeking to scale.
The cryptocurrency uncertainties and investment transitions: Evidence from high and low carbon energy funds in China
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Lei Yan
-
-
-
Author
-
Nawazish Mirza
-
-
-
Author
-
Muhammad Umar
-
-
-
Abstract
-
Due to the investment and diversification potential,
-cryptocurrencies are considered to be attractive for both sophisticated
-and amateur investors. However, the high levels of electricity
-consumption of the hashing is a significant environmental concern,
-specifically in China, with dominant coal-based electricity production.
-This paper assesses the impact of price and policy uncertainties of the
-cryptocurrencies on the investment flows of the funds that have been
-sorted as per their exposure towards coal and natural gas firms.
-Therefore, we have employed the data for 1920 funds, between the time
-span pertaining to the years 2014 and 2021. Our findings show that both
-policy and price uncertainty tend to have an impact on the investment
-flows in high carbon funds, while these uncertainties have no
-relationship with the low emission funds. The results also indicate that
- the impact tends to be more profound for the younger funds. The
-performance of cryptos and their link with investment flows can limit
-the transition to low carbon sustainable options. We therefore propose
-that policymakers further ensure a swift adoption of renewable resources
- for electricity production, in order to successfully mitigate the
-climate impact. This could ultimately aid in promoting green investment
-flows.
The Curious Case of Stablecoins—Balancing Risks and Rewards?
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Agata Ferreira
-
-
-
Abstract
-
Stablecoins is a blockchain-driven innovation and a new subset
- of crypto assets. Even though they could transform how payments are
-made, regulators paid little attention to them until recently. The
-announcement of the Libra project in 2019 elevated stablecoins to the
-top of the regulatory agenda. Libra's global scale and its capacity to
-reach billions of potential users through a user-centric social network
-platform that is already seamlessly integrated within the lives of the
-global population and the potential impact of a global yet fast and
-cheap payment solution raised many issues and concerns among authorities
- related to not only financial stability, monetary policy, and
-competition, but also money laundering, financing of terrorism, and
-others. Addressing stablecoins has proven challenging for many
-regulators as they face a difficult task of balancing financial
-stability, with innovation. This paper analyzes how the official
-perception of stablecoins has evolved, from dismissiveness and
-underestimation to serious concern. It evaluates existing regulatory
-responses, highlights regulatory dilemmas, and makes recommendations
-regarding future regulatory approaches. To reap the benefits of
-stablecoin innovation, regulators need to take a broader long-term view
-of stablecoins beyond the perceived risks and embrace their advantages.
-Regulations should not stifle this innovation but support a diverse
-ecosystem of stablecoins and foster competition.
The DAO Controversy: The Case for a New Species of Corporate Governance?
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Robbie Morrison
-
-
-
Author
-
Natasha C. H. L. Mazey
-
-
-
Author
-
Stephen C. Wingreen
-
-
-
Abstract
-
This paper reviews the recent case of The DAO “hack” in June
-2016 and analyzes The DAO's response in its time of crisis, and its
-implications for corporate and IT governance. There was no human-led
-governance in The DAO. Instead, The DAO placed its trust in the smart
-contract they had built together on the blockchain, which became its
-governance mechanism. The events that follow allow us to see hitherto
-unobservable organizational behaviors that are unique to trustless
-organizations, and hence The DAO gives us a glimpse at a new species of
-corporate governance. This paper explores the implications of these
-ideas: we propose the emergence of a spectrum of organizations based on
-the alienation of trust, we consider the economic impact and legality of
- decentralized autonomous organizations (DAOs), smart contracts, work
-and job design, and what happens when corporate governance is managed
-solely by IT governance.
The De-Central Bank in Decentralized Finance: A Case Study of MakerDAO
-
-
-
Type
-
Conference Paper
-
-
-
Author
-
Martin Brennecke
-
-
-
Author
-
Benjamin Schellinger
-
-
-
Author
-
Nils Urbach
-
-
-
Author
-
Tobias Guggenberger
-
-
-
Abstract
-
Countless decentralized finance (DeFi) applications of the
-past years have suffered from the high volatility and speculative
-behavior surrounding their underlying crypto assets. While the academic
-debate has been flourishing in these areas, Decentralized Autonomous
-Organizations (DAOs) have not received as much attention. This is the
-case even though they could offer an opportunity to solve some of the
-underlying problems of existing cryptocurrencies and ecosystems, for
-example, by providing lower volatility and, thus, exchange rate
-stability. This paper presents an economic analysis of the MakerDAO, a
-DAO in DeFi. In doing so, we use a single case study methodology based
-on existing resources and expert interviews. It also uses monetary
-theory instruments to provide researchers and developers with insights
-into how DAOs are governed. Further, it serves to illustrate how IS
-research may support the development of future IT artifacts aimed at
-offering the infrastructure for DeFi applications.
The death of law? Computationally personalized norms and the rule of law
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Timothy Endicott
-
-
-
Author
-
Karen Yeung
-
-
-
Abstract
-
The emergent power of big data analytics makes it possible to
-replace impersonal general legal rules with personalized, particular
-norms. We consider arguments that such a move would be generally
-beneficial, replacing crude, general laws with more efficiently targeted
- ways of meeting public policy goals and satisfying personal
-preferences. Those proposals pose a radical, new challenge to the rule
-of law. Data-driven legal personalization offers some benefits that are
-worth pursuing, but we argue that the benefits can only legitimately be
-pursued where doing so is consistent with the agency that the law ought
-to accord to individuals and with the agency that the law ought to
-accord to public bodies. The principle of public agency is a
-prerequisite for the rule of law. The principle of private agency
-depends on the rule of law. Each is incompatible with the unrestrained
-computational personalization of law.
The decade-long cryptocurrencies and the blockchain
-rollercoaster: Mapping the intellectual structure and charting future
-directions
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Anton Klarin
-
-
-
Abstract
-
Recent advances in science mapping allowed to analyze the
-entire intellectual structure of blockchain and cryptocurrencies in
-business-related disciplines to identify 174 academic articles as well
-as 1482 practitioner-oriented articles published since the inception of
-cryptocurrencies in 2008 to highlight key trends of the published
-outputs. The results demonstrate academic research done by 389 authors
-in 296 organizations based in 50 countries that only just initiated the
-conversation on four major streams of the literature—Bitcoin and
-cryptocurrencies; blockchain adoption; cryptocurrency and blockchain
-environment; and business model innovations. When comparing academic
-scholarship to practitioner-oriented literature, the results demonstrate
- that practitioners discussed investor-related themes, cryptocurrency
-intrinsic value, political-economic sphere, and the impact of
-cryptocurrency and blockchain technologies on the wider society in
-greater detail. As a result, a number of themes are identified and
-discussed that could align academic and practitioner interests and
-provide guidance for further research in this important field.
The Delusions of Crowds: Why People Go Mad in Groups
-
-
-
Type
-
Book
-
-
-
Author
-
William J Bernstein
-
-
-
Date
-
2021
-
-
-
Publisher
-
Grove Press
-
-
-
Date Added
-
02/03/2022, 09:02:58
-
-
-
Modified
-
02/03/2022, 09:02:58
-
-
-
-
-
-
-
The destabilising effects of cryptocurrency cybercriminality
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Shaen Corbet
-
-
-
Author
-
Douglas J Cumming
-
-
-
Author
-
Brian M Lucey
-
-
-
Author
-
Maurice Peat
-
-
-
Author
-
Samuel A Vigne
-
-
-
Date
-
2020
-
-
-
Extra
-
Publisher: Elsevier
-
-
-
Volume
-
191
-
-
-
Pages
-
108741
-
-
-
Publication
-
Economics Letters
-
-
-
Date Added
-
21/02/2022, 13:52:13
-
-
-
Modified
-
21/02/2022, 13:52:13
-
-
-
-
-
-
-
The detection of illicit cryptocurrency mining farms with innovative approaches for the prevention of electricity theft
-
-
-
Type
-
Journal Article
-
-
-
Author
-
B. Dindar
-
-
-
Author
-
Ö. Gül
-
-
-
Abstract
-
Illegal use of electricity is very common in cryptocurrency
-mining farms, as energy bills are the most important component of the
-cost of cryptocurrency production. In this case, it raises the issue of
-how to detect illegal cryptocurrency mining. Innovative approaches are
-needed to identify data centers that illegally mine cryptocurrencies.
-This study proposes the use of unique noise and/or harmonic features of
-cryptocurrency generating machines to detect illegal cryptocurrency
-mining farms. Within the scope of this study, the characteristic
-harmonics originating from the data centers were determined by
-performing field tests on the neutral line of the electrical grid. In
-this study, it has been shown that electricity distribution companies
-can detect illegal cryptocurrency data centers using potential illegal
-electricity by monitoring energy quality data. Legal permissions can be
-obtained easily for detailed examination and detection in cryptocurrency
- data centers of using illegal electricity. With the proposed innovative
- approach, the time taken to detect illegal cryptocurrency mining farms
-using illegal electricity is reduced.
-
-
-
Date
-
2021
-
-
-
Extra
-
Publisher: SAGE Publications Sage UK: London, England
The development of energy blockchain and its implications for China's energy sector
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Shuai Zhu
-
-
-
Author
-
Malin Song
-
-
-
Author
-
Ming Kim Lim
-
-
-
Author
-
Jianlin Wang
-
-
-
Author
-
Jiajia Zhao
-
-
-
Abstract
-
With technology progressing and the decreasing cost of
-renewable energy, consumers require energy supply to be smarter,
-cleaner, and more sustainable than before. By providing a decentralized
-trading mechanism, blockchain technology can facilitate sustainable
-energy consumption and achieve a circular economy. This study analyzes
-how China can employ blockchain technology to reform its energy sector.
-We survey the progress of blockchain technology in the energy sector and
- explore typical cases of energy blockchains in the world. We discuss
-the advantages and disadvantages of applying blockchain to China's
-energy sector. China's monopoly market structure in energy supply
-impedes the application of blockchain technology, but the expansion of
-clean energy provides a huge opportunity for it. Although China's
-technological level is lagging, the biggest obstacle is not technology
-but rather policy. We conclude that China should loosen its regulatory
-environment, amend the relevant laws, and balance the conflict between
-management and innovation.
Publisher: Cossu, A.(2022). The Digital Traces of Crypto-Finance, in E. Armano, M$\sim$\ldots
-
-
-
Date Added
-
02/03/2022, 08:27:45
-
-
-
Modified
-
02/03/2022, 08:27:45
-
-
-
Tags:
-
-
CRYPTO
-
SOCIOLOGY
-
-
-
-
-
-
The disenchantment of Bitcoin: unveiling the myth of a digital currency
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Fiammetta Corradi
-
-
-
Author
-
Philipp Höfner
-
-
-
Abstract
-
Bitcoin and its peculiar, decentralized transaction system,
-have already ignited interest by professional and retail traders in
-search for profits and by economists and legal experts, looking for
-possible regulation to contain illegal uses. We instead examine the
-unexpected and ongoing success of Bitcoin from a sociological
-perspective, first questioning its unusual legitimation system, backed
-by the so called ‘blockchain technology', instead of by governmental
-authorities. Then we collect data and elements to reconstruct Bitcoin's
-history as a cryptocurrency, starting from the mysterious story
-surrounding its birth. We then follow its spread and development through
- social networks and words of mouth, together with its sudden booms and
-bursts, finally to suggest that both users and institutional regulators
-should be aware of the risks of Bitcoin and of its alleged power to
-challenge our very notion of money.
The Dissensus Protocol: Governing Differences in Online Peer Communities
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Jaya Klara Brekke
-
-
-
Author
-
Kate Beecroft
-
-
-
Author
-
Francesca Pick
-
-
-
Abstract
-
Peer-to-peer networks and protocols have inspired new ideas
-and ideologies about governance, with the aim of using technology to
-enable horizontal and decentralized decision-making at scale. This
-article introduces the concept of “dissensus” from political theory to
-debates about peer governance in online communities. Dissensus describes
- the emergence of incompatible differences. Among peer-to-peer
-technologies, blockchain stands out as a set of ideas that explicitly
-seek to resolve dissensus through consensus protocols. In this article,
-we propose dissensus as a “protocol” for foregrounding the often
-sidelined yet productive aspects of incompatible differences. The
-concept highlights that there might not always be consensus about a
-consensus algorithm, and that indeed, dissensus is the precondition for
-new possibilities and perspectives to emerge. We discuss the concept in
-relation to the histories of governance ideas in blockchain, namely, a
-“materialist,” “design,” and “emergent” approach. We then describe
-moments of dissensus in practice through two cases of online
-communities, Genesis DAO and Ouishare, discussing their different ways
-of recognizing and navigating dissensus. Finally, we give a critical
-overview of consensus algorithms, voting, staking, and forking as the
-mechanisms that make out blockchain governance ideologies. In
-conclusion, we argue that dissensus can serve as a useful concept for
-pointing attention to governance as it is conducted in practice, as
-historically and culturally specific practices, rather than as a problem
- to be solved through supposedly universal mechanisms.
The Double Embeddedness of Bitcoin: Insights from Old and New Economic Sociology
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Fiammetta Corradi
-
-
-
Abstract
-
Revisiting analytically the notion of embeddedness and its
-connections with the concept of trust, this paper shows that contrary to
- Bitcoin's premises and promises to be a trust-low or even trust-less
-currency, trust enters the system at many various levels and with
-different nuances. Applying a conceptual framework that conceives
-embeddedness as both the possible source and outcome of trust, it is
-pointed out that Bitcoin should better be regarded as doubly embedded:
-in technology and in its peculiar social structure. Due to the existence
- of computational and cognitive asymmetries within the system, in fact,
-trust is necessary for the very functioning of this new form of money,
-as well as for its future prospects.
How does monetization affect interpersonal relationships?
-Drawing on social phenomenology, I argue that an answer must account for
- money's symbolic dualism: On the one hand, as Zelizer has shown, money
-is differentially earmarked according to the interpersonal relationships
- it flows through. On the other hand, in everyday life, people tend to
-associate money with cold impersonality. Money's dual association with
-both the interpersonal and the impersonal imbues the relationships it
-flows through with a sense of risk, which I call “the risk of lost
-meanings.” Analyzing the implications of this sense of risk, I argue
-that it turns trust into a relational preoccupation and constrains
-intersubjective experience. The risk of lost meanings may motivate
-risk-avoidance strategies, but these strategies are largely
-counterproductive. Shedding new light on a long-standing debate in the
-sociology of money, I discuss the implications of this argument for
-analyses of monetary developments and local currencies.
-
-
-
Date
-
2022
-
-
-
Extra
-
Publisher: SAGE Publications Sage CA: Los Angeles, CA
The Dramatic Crash of a Buzzy Cryptocurrency Raises Eyebrows
-
-
-
Type
-
Newspaper Article
-
-
-
Author
-
Ephrat Livni
-
-
-
Author
-
Andrew Ross Sorkin
-
-
-
Abstract
-
Just last month, the ICP crypto token, tied to a project
-backed by prestigious venture capitalists, was worth tens of billions of
- dollars. Then, its value collapsed.
The controversies surrounding Bitcoin, one of the most
-frequently used and advertised cryptocurrency, are focused on
-identifying its qualities, the advantages and disadvantages of using it
-and, last but not least, its ability to survive over time and become a
-viable alternative to the traditional currency, taking into account the
-effects on the environment of the technology used to extract and trade
-it. Based on such considerations, this article aims to provide an
-overview of this cryptocurrency, from the perspective of conducting a
-systematic review of the literature dedicated to the economic and
-environmental impact of Bitcoin. Using peer-reviewed articles collected
-from academic databases, we aimed at synthesizing and critically
-evaluating the points of view in the scientific literature regarding the
- doctrinal source of the emergence of Bitcoin, the identity of this
-cryptocurrency from an economic point of view, following its
-implications on the economic and social environment. Subsequently, this
-research offers the opportunity of evaluating the level of knowledge
-considering the impact of Bitcoin mining process on the environment from
- the perspective of the energy consumption and CO2 emissions, in order
-to finally analyze Bitcoin regulation and identify possible solutions to
- reduce the negative impact on the environment and beyond. The findings
-suggest that, despite high energy consumption and adverse environmental
-impact, Bitcoin continues to be an instrument used in the economic
-environment for a variety of purposes. Moreover, the trend of regulating
- it in various countries shows that the use of Bitcoin is beginning to
-gain some legitimacy, despite criticism against this cryptocurrency.
The economics of cryptocurrency pump and dump schemes
-
-
-
Type
-
Journal Article
-
-
-
Author
-
JT Hamrick
-
-
-
Author
-
Farhang Rouhi
-
-
-
Author
-
Arghya Mukherjee
-
-
-
Author
-
Amir Feder
-
-
-
Author
-
Neil Gandal
-
-
-
Author
-
Tyler Moore
-
-
-
Author
-
Marie Vasek
-
-
-
Date
-
2018
-
-
-
Extra
-
Publisher: CEPR Discussion Paper No. DP13404
-
-
-
Date Added
-
21/02/2022, 13:52:14
-
-
-
Modified
-
21/02/2022, 13:52:14
-
-
-
-
-
-
-
The Emperor's New Art: Cryptomania, Art & Property
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Kelvin F K Low
-
-
-
Abstract
-
The latest wave of cryptomania has brought us yet another
-acronym after ICOs (initial coin offerings) – NFTs (non-fungible
-tokens). Touted as a means to render readily replicable digital art (and
- possibly other objects) rare and scarce, NFT-mania reached its apogee
-with the auction of Beeple's Everydays: the First 5,000 Days for US$69m.
- But did the buyer actually acquire, through the NFT, any art? What is
-art abstracted from the medium upon which it is embedded and dissociated
- from its copyright?
Gavin Wood, who coined the term Web3 in 2014, believes
-decentralized technologies are the only hope of preserving liberal
-democracy.
-
-
-
Publication
-
Wired
-
-
-
ISSN
-
1059-1028
-
-
-
Date Added
-
28/02/2022, 11:13:17
-
-
-
Modified
-
28/02/2022, 11:15:39
-
-
-
Tags:
-
-
blockchain
-
web3
-
internet
-
web 2.0
-
-
Notes:
-
-
-
Read/Eilidh
-
-
-
Attachments
-
-
Snapshot
-
-
-
-
-
-
The financial regime
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Joseph Vogl
-
-
-
Abstract
-
Starting from the premise that the financial regime has become
- a power in and of itself-a fourth, 'monetative' power as it were-this
-essay gives an account of the ascendancy of finance and the shift from
-geopolitical to geo-economical order, within which there is no
-democratic legitimacy and no legal accountability and within which a new
- class conflict also emerges. It goes on to advance five theses on this
-new financial sovereignty, concluding that sovereign is he, who can
-transform his risks into other's dangers and position himself as the
-creditor of last resort.
The good, the bad and the ugly: An overview of the sustainability of blockchain technology
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Christophe Schinckus
-
-
-
Abstract
-
Blockchain is a buzzword describing the current excitement for
- an innovative technology that could change and disrupt major industries
- and economic sectors. Blockchain technology has the promise to change
-all existing business models and make financial services cheaper
-contributing therefore to a better financial inclusion and, even a
-better economic wealth distribution. Numerous studies optimistically
-praise such potential societal benefits by listing all processes that
-could be optimized through this technology. However, the picture is not
-necessary all bright. Blockchain can indeed disrupt and significantly
-improve our societies but there still exist some societal costs in the
-way this technology is implemented. This paper provides a perspective
-overviewing of the current trends related to the development of the most
- widely used implementation of blockchain technology based on the
-proof-of-work consensus algorithm. These trends will be discussed in
-three steps: the ‘Good Blockchain' overviews how this technology can
-improve our societies; the ‘Bad blockchain' offers a more nuanced
-perspective by discussing the potential polluting activities generated
-by some mining activities. Finally, the ‘Ugly blockchain' investigates
-how this technology might generate a risk of concentration in the mining
- industry affecting therefore the nature and even the existence of the
-blockchain technology.
The Impact of Cryptocurrency Regulation on Trading Markets
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Brian D. Feinstein
-
-
-
Author
-
Kevin Werbach
-
-
-
Abstract
-
The meteoric growth of global cryptocurrency markets presents
-novel challenges to regulators. Some policymakers and scholars view
-cryptocurrencies as conduits of illegality and fraud and call for their
-strict regulation, even outright bans. Others warn that regulation will
-cause trading activity to cross borders into less-regulated
-jurisdictions-or even smother a promising new financial asset class. Yet
- this debate has, to date, been conducted almost entirely without data.
-To assess the claims of both sides, we assemble original data on
-cryptocurrency regulations worldwide and use them to empirically examine
- global movement in trading activity following key regulatory
-announcements. Our findings are surprising. A wide variety of models
-yields almost entirely null results. From the creation of bespoke
-licensing regimes to more targeted anti-money-laundering and anti-fraud
-enforcement actions, as well as many other categories of government
-activities, we find no systemic evidence that regulatory measures cause
-traders to flee, or enter into, the affected jurisdictions. These
-findings at last provide an empirical basis for regulatory decisions
-concerning cryptocurrency trading. Among other things, they call into
-question the notion that capital flight should be a first-order concern.
The invisible politics of bitcoin: Governance crisis of a decentralised infrastructure
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Primavera De Filippi
-
-
-
Author
-
Benjamin Loveluck
-
-
-
Abstract
-
Bitcoin is a decentralised currency and payment system that
-seeks to eliminate the need for trusted authorities. It relies on a
-peer-to-peer network and cryptographic protocols to perform the
-functions of traditional financial intermediaries, such as verifying
-transactions and preserving the integrity of the system. This article
-examines the political economy of Bitcoin, in light of a recent dispute
-that divided the Bitcoin community with regard to a seemingly simple
-technical issue: Whether or not to increase the block size of the
-Bitcoin blockchain. By looking at the socio-technical constructs of
-Bitcoin, the article distinguishes between two distinct coordination
-mechanisms: Governance by the infrastructure (achieved via the Bitcoin
-protocol) and governance of the infrastructure (managed by the community
- of developers and other stakeholders). It then analyses the invisible
-politics inherent in these two mechanisms, which together display a
-highly technocratic power structure. On the one hand, as an attempt to
-be self-governing and self-sustaining, the Bitcoin network exhibits a
-strong market-driven approach to social trust and coordination, which
-has been embedded directly into the technical protocol. On the other
-hand, despite being an open source project, the development and
-maintenance of the Bitcoin code ultimately relies on a small core of
-highly skilled developers who play a key role in the design of the
-platform.
Blockchain technology is a new general-purpose technology that
- poses significant challenges to the existing state of law, economy, and
- society. Blockchain has one feature that makes it even more distinctive
- than other disruptive technologies: It is, by nature and design, global
- and transnational. Moreover, blockchain operates based on its own rules
- and principles that have a law-like quality. What may be called the lex
- cryptographia of blockchain has been designed based on a rational
-choice vision of human behavior. Blockchain adopts a framing derived
-from neoclassical economics, and instantiates it in a new machinery that
- implements rational choice paradigms using blockchain in a
-semi-automatic way, across all spheres of life, and without regard to
-borders. Accordingly, a global law and cryptoeconomics movement is now
-emerging owing to the spread of blockchain.
Should political elections be implemented on the blockchain?
-Blockchain evangelists have argued that they should. This article sheds
-light on the potential of blockchain voting procedures and the legal
-constraints they need to accommodate. In a first step, I discuss
-potential “democracy benefits” of distributed ledger technology and the
-legal framework ordering the use of electronic voting systems in
-general. Comparing U.S. and German constitutional law, I then distill
-specific normative principles guiding the use of blockchain voting
-systems. In a second step, I analyze the technical, economic, and
-normative limitations of blockchain voting procedures. I show that major
- limitations result from the rules and incentives set by different
-consensus mechanisms. Moreover, it is not clear whether blockchain
-technology provides sufficient safeguards to ensure identity
-verification, the secrecy of ballots, and the verification that ballots
-are cast as intended, recorded as cast, and counted as recorded.
-Building on principles from constitutional law, I contend that
-blockchain technology does not provide sufficient safeguards to satisfy
-the requirements of democratic voting procedures – at least not in the
-near future.
The looming threat of China: An analysis of chinese influence on bitcoin
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Ben Kaiser
-
-
-
Author
-
Mireya Jurado
-
-
-
Author
-
Alex Ledger
-
-
-
Date
-
2018
-
-
-
Publication
-
arXiv preprint arXiv:1810.02466
-
-
-
Date Added
-
21/02/2022, 13:52:12
-
-
-
Modified
-
21/02/2022, 13:52:12
-
-
-
-
-
-
-
The Maltese Falcoin: On Cryptocurrencies and Blockchains
-
-
-
Type
-
Report
-
-
-
Author
-
Michael Cembalest
-
-
-
Date
-
2022-02-03
-
-
-
Language
-
en
-
-
-
Library Catalog
-
Zotero
-
-
-
Pages
-
31
-
-
-
Date Added
-
25/02/2022, 11:08:07
-
-
-
Modified
-
25/02/2022, 11:40:48
-
-
-
Notes:
-
-
-
Critique of bitcoin and financial properties of crypto assets from the CIO of JP Morgan bank
-
-
-
Attachments
-
-
2022 - The Maltese Falcoin.pdf
-
-
-
-
-
-
The market for “lemons”: Quality uncertainty and the market mechanism
-
-
-
Type
-
Book Section
-
-
-
Author
-
George A Akerlof
-
-
-
Date
-
1978
-
-
-
Publisher
-
Elsevier
-
-
-
Pages
-
235–251
-
-
-
Book Title
-
Uncertainty in economics
-
-
-
Date Added
-
02/03/2022, 09:19:38
-
-
-
Modified
-
02/03/2022, 09:19:38
-
-
-
-
-
-
-
The market, the regulator, and the government: Making a blockchain ecosystem in the Netherlands
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Inês Faria
-
-
-
Abstract
-
This article presents a socio-anthropological analysis of the
-formation of a business ecosystem around blockchain technology in the
-Netherlands, within the broader context of the European Union and the
-digital single market. I argue that while reproducing widespread global
-models of business group and network formation, the relations created by
- these networks also reveal particularities of local business and
-governance cultures. Such particularities emerge from the pragmatics of
-collaboration and competitive market relationships, as well as legal
-heterogeneity and plans for legal harmonisation in digital innovation
-and governance in Europe. They also emerge from the challenges and
-transformations that current experimentation cultures for digital
-innovation bring to the interactions between market players, regulators,
- and government. These challenges and transformations materialise in
-increasingly informal connections and strategies for experimental
-legitimisation, which occur in parallel to more formal and traditional
-forms of regulatory and governmental interaction. The article is based
-on ethnographic fieldwork in the Netherlands and in online terrains,
-including observation periods and 32 interviews with entrepreneurial
-project teams, as well as with individuals involved in financial
-incumbents' innovation labs.
The Meanings of New Money: Social Constructions of Value in the Rise of Digital Currencies
-
-
-
Type
-
Thesis
-
-
-
Author
-
Lynette Shaw
-
-
-
Abstract
-
In the wake of the Great Recession, a novel monetary object
-was introduced to the world: Bitcoin. As its collective valuation has
-risen into the billions (USD), it has brought with it a sustained
-disruption to some of the most deeply taken-for-granted aspects of
-modern life: money and value. This dissertation undertakes a set of
-interrelated investigations into the collective processes of social
-construction and valuation that have been part of this ascent. The first
- study begins by considering the challenge that digital currencies pose
-to established economic models of the origins of money and value. Using a
- series of agent-based models (ABM) based on Bayesian updating agents,
-it shows how sociological models of value construction may be able to
-help solve this theoretical problem. Specifically, it shows how treating
- valuation as a process of learning under uncertainty clarifies how
-“something” can legitimately come from “nothing” in social valuation
-processes. It also shows how this model can be used to systematically
-explore the differences between social versus non-social valuation
-processes, the dependency of social valuation processes on time, initial
- states, and early actors, and how a mix of non-social and social
-feedbacks can impede a system's ability to arrive at the “correct”
-assessment of an object's underlying value. The second study uses text
-gathered from 100,000s of messages posted by individuals in the main
-communities surrounding Bitcoin and a combination of automated and
-traditional content analysis to explore the “talks” (Swidler 2001) of
-money and value that individuals have employed to make sense of this new
- monetary object. The resulting analysis traces the manner in which the
-initial metallist views that first inspired Bitcoin's creation continue
-to influence the discourses surrounding it, and then goes further to
-unpack the ways in which members have had to go beyond those founding
-ideas in order to account for how the new digital currency has come to
-hold value. In exploring these variegated, sometimes contradictory,
-discussions of the economic, political, and social origins of money and
-value, this analysis sheds light on the ways the individuals at the
-advent of digital currency are making sense of this new arena of
-economic activity and how they are creatively reworking established
-notions of money and value in order to understand what Bitcoin is and
-where its worth comes from. The final study takes on the puzzle of how
-Bitcoin has gone from being an obscure monetary experiment of a small
-group of “techno-Libertarians” to becoming the basis of a new
-multi-billion dollar financial technology industry – an industry
-dominated by the very same actors it was initially intended to subvert.
-Using the documented history of Bitcoin's evolution, the application of
-automated content analysis and topic modeling methods to thousands of
-news reports, and analyses of trends in quantitative measures of Bitcoin
- related Google searches, venture capital funding, and price and market
-transaction volumes, this chapter shows how Bitcoin's multivalent
-identity has facilitated its adoption by a multiplicity of groups, but
-also, ultimately left it vulnerable to being preferentially defined in
-ways that benefit powerful actors. In charting the rise of Bitcoin and
-linking it to the collective definitional processes that have surrounded
- it, this study chapter examines the social dynamics that surround
-“robust objects” and the role that these processes play in the
-reproduction of power structures in new social and economic fields.
ISBN: 9781369171426
-Publication Title: ProQuest Dissertations and Theses
-
-
-
# of Pages
-
173
-
-
-
Type
-
PhD Thesis
-
-
-
University
-
University of Washington
-
-
-
Date Added
-
02/03/2022, 08:27:45
-
-
-
Modified
-
02/03/2022, 08:27:45
-
-
-
Tags:
-
-
Bitcoin
-
_LATEST
-
Money
-
Value
-
0626:Sociology
-
Social sciences
-
Sociology
-
SOCIOLOGY
-
Economic sociology
-
Social construction
-
-
-
-
-
-
The Miner of Last Resort: Digital Currency, Shadow Money and the Role of the Central Bank
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Graham Steele
-
-
-
Date
-
2021
-
-
-
Publication
-
Technology and Government, Emerald Studies in Media and Communications, Forthcoming
-
-
-
Date Added
-
21/02/2022, 13:52:15
-
-
-
Modified
-
21/02/2022, 13:52:15
-
-
-
-
-
-
-
The myths and legends of king Satoshi and the knights of blockchain
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Sandra Faustino
-
-
-
Author
-
Inês Faria
-
-
-
Author
-
Rafael Marques
-
-
-
Date
-
2021
-
-
-
Extra
-
Publisher: Taylor & Francis
-
-
-
Pages
-
1–14
-
-
-
Publication
-
Journal of Cultural Economy
-
-
-
Date Added
-
21/02/2022, 13:52:15
-
-
-
Modified
-
21/02/2022, 13:52:15
-
-
-
-
-
-
-
The myths and legends of king Satoshi and the knights of blockchain
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Sandra Faustino
-
-
-
Author
-
Inês Faria
-
-
-
Author
-
Rafael Marques
-
-
-
Abstract
-
In this paper, we present an ethnographic account of the
-quasi-religious romanticism of the crypto-community towards blockchain
-technologies. To do so, we explore the cultural significance of
-phenomena such as myth, faith, and ritual, without excluding both the
-realms of technological practices and techno-scientific narrative.
-Drawing on a comparison with the legend of King Arthur, we analyse how
-the legendary creator of Bitcoin, Satoshi Nakamoto, translates
-contemporary anxieties resulting from the financial crisis and the
-centralisation of power. By analysing white papers, we further explore
-the persuasive narratives which convey how ethics and virtue can be
-encoded into software, and, finally, we describe the secular rituals
-that reinforce cohesion among the community–in moments which are often
-guided by charismatic preachers and specialists. We argue that
-blockchain technologies have had a symbolic impact in re-invigorating
-enchantment and material romanticism towards finance and technology,
-which has had a wider impact on the social perception and acceptance of
-the transition to a digital society.
The Political Case for a Blanket Cryptocurrency Ban
-
-
-
-
-
-
The political imaginaries of blockchain projects: discerning the expressions of an emerging ecosystem
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Syed Omer Husain
-
-
-
Author
-
Alex Franklin
-
-
-
Author
-
Dirk Roep
-
-
-
Date
-
2020
-
-
-
Extra
-
Publisher: Springer
-
-
-
Pages
-
1–16
-
-
-
Publication
-
Sustainability Science
-
-
-
Date Added
-
21/02/2022, 13:52:10
-
-
-
Modified
-
21/02/2022, 13:52:10
-
-
-
-
-
-
-
The political imaginaries of blockchain projects: discerning the expressions of an emerging ecosystem
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Syed Omer Husain
-
-
-
Author
-
Alex Franklin
-
-
-
Author
-
Dirk Roep
-
-
-
Abstract
-
There is a wealth of information, hype around, and research
-into blockchain's ‘disruptive' and ‘transformative' potential concerning
- every industry. However, there is an absence of scholarly attention
-given to identifying and analyzing the political premises and
-consequences of blockchain projects. Through digital ethnography and
-participatory action research, this article shows how blockchain
-experiments personify ‘prefigurative politics' by design: they embody
-the politics and power structures which they want to enable in society.
-By showing how these prefigurative embodiments are informed and
-determined by the underlying political imaginaries, the article proposes
- a basic typology of blockchain projects. Furthermore, it outlines a
-frame to question, cluster, and analyze the expressions of political
-imaginaries intrinsic to the design and operationalization of blockchain
- projects on three analytic levels: users, intermediaries, and
-institutions.
Series Title: Lecture Notes in Computer Science
-DOI: 10.1007/978-3-642-32946-3_4
-
-
-
Volume
-
7397
-
-
-
Place
-
Berlin, Heidelberg
-
-
-
Publisher
-
Springer Berlin Heidelberg
-
-
-
ISBN
-
978-3-642-32945-6 978-3-642-32946-3
-
-
-
Pages
-
41-56
-
-
-
Book Title
-
Financial Cryptography and Data Security
-
-
-
Date Added
-
18/02/2022, 16:43:07
-
-
-
Modified
-
18/02/2022, 16:43:07
-
-
-
Attachments
-
-
Submitted Version
-
-
-
-
-
-
The postmodern Ponzi scheme: Empirical analysis of high-yield investment programs
-
-
-
Type
-
Conference Paper
-
-
-
Author
-
Tyler Moore
-
-
-
Author
-
Jie Han
-
-
-
Author
-
Richard Clayton
-
-
-
Date
-
2012
-
-
-
Publisher
-
Springer
-
-
-
Pages
-
41–56
-
-
-
Proceedings Title
-
International Conference on financial cryptography and data security
-
-
-
Date Added
-
21/02/2022, 13:52:13
-
-
-
Modified
-
21/02/2022, 13:52:13
-
-
-
-
-
-
-
The Problem With NFTs
-
-
-
Type
-
Video Recording
-
-
-
Director
-
Dan Olson
-
-
-
Abstract
-
If someone pitches you on a "great" Web3 project, ask them if
-it requires buying or selling crypto to do what they say it does.Sources
- and Further Readinghtt...
The promise of peer-to-peer trading? The potential impact of
-blockchain on the actor configuration in the Dutch electricity system
-
-
-
Type
-
Journal Article
-
-
-
Author
-
M C (Annemarie) Buth
-
-
-
Author
-
A J (Anna) Wieczorek
-
-
-
Author
-
G P J (Geert) Verbong
-
-
-
Abstract
-
This paper considers the potential of blockchain technology to
- empower distributed and decentralized local electricity markets.
-Although blockchain has gained considerable attention in the last few
-years as a facilitator for new electricity markets, no attention has yet
- been given to its potential influence on the configuration of the
-actors in the electricity system and its ability to transform the
-existing system. Based on a social network analysis, this paper
-investigates how blockchain can influence the actor configuration of the
- electricity system in the Netherlands. After describing the Dutch
-system, we compare the existing with the potential future system' actor
-configuration and the corresponding expected shifts in functions and
-network position of the actors. We conclude that although many functions
- are likely to remain and new central authorities may be formed, the
-impact of blockchain does not seem to be as disruptive and
-decentralizing as may be expected. This study provides first
-contributions to the ongoing discussion about the potential of
-blockchain to disrupt and reshape the electricity system.
The real world of the decentralized autonomous society
-
-
-
Type
-
Journal Article
-
-
-
Author
-
J. Z. Garrod
-
-
-
Abstract
-
Many commentators have been quick to note the revolutionary
-potential of Bitcoin 2.0 technology, with some even believing that it
-represents the coming of a decentralized autonomous society in which
-humans are freed from centralized forms of power and control. Influenced
- by neoliberal theory, these individuals are implicitly working on the
-assumption that ‘freedom' means freedom from the state. This neglects
-that the state can also provide freedom from the vagaries of the market
-by protecting certain things from commodification. Through an analysis
-of (1) class and the role of the state; (2) the concentration and
-centralization of capital; and (3) automation, I argue that the vision
-of freedom that underpins Bitcoin 2.0 tech is one that neglects the
-power that capital holds over us. In neglecting this power, I claim that
- this technology might be far more dystopian than we comprehend, making
-possible societies that are commodities all the way down.
The regulation of crypto-assets in the EU – investment and payment tokens under the radar
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Valeria Ferrari
-
-
-
Abstract
-
Based on the guidelines issued by the European Securities and
-Market Authority and by the European Banking Authority, the article
-deals with the legal qualification of blockchain-based crypto-assets
-under EU law. Focusing on crypto-assets that function as a) investment
-instruments (that is, investment tokens) and as b) electronic money
-(that is, payment tokens), the work outlines shortages and drawbacks in
-the applicability and enforcement of existing EU legal frameworks
-regulating investment activities and payment services. With such
-analysis, the article seeks to inform the ongoing debate within European
- institutions on the need of regulatory intervention in this area, and
-it points out pressing questions to be tackled by further research.
-
-
-
Date
-
2020
-
-
-
Volume
-
27
-
-
-
Pages
-
325–342
-
-
-
Publication
-
Maastricht Journal of European and Comparative Law
The Rhetoric of Bitcoin: Money, Politics, and the Construction of Blockchain Communities
-
-
-
Type
-
Thesis
-
-
-
Author
-
Matthew Bellinger
-
-
-
Abstract
-
The rise of Bitcoin and related digital currencies has been
-accompanied by a proliferation of discourse about these technologies,
-including debates about their value and status as forms of money. This
-dissertation examines digital currency discourse from a rhetorical
-perspective, and traces the development and impact of a key trope of
-early Bitcoin discourse—the application of commodity money rhetoric to
-Bitcoin—to understand the rhetorical construction of Bitcoin. It argues
-that early attempts to establish Bitcoin as a form of money, which
-figured Bitcoin as a "natural" entity beyond the reach of community
-politics, produced an unanticipated rhetorical fallout: the displacement
- of the politics of the Bitcoin community onto the development of
-Bitcoin as a technology. It further argues that this early displacement
-continues to influence the rhetorical dynamics of Bitcoin and its heirs
-by shaping subsequent debates over digital currency governance and
-valuation.
The senatorial governance of Bitcoin: making (de)centralized money
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Jack Parkin
-
-
-
Abstract
-
In recent years the development of cryptocurrencies and wider
-implementations of blockchain technology have been valourized as
-digitally decentralized networks that dissipate control evenly among
-their peers. With Bitcoin, the first blockchain-based cryptocurrency,
-monetary policy is enacted via software built through an open source
-consensus model. This promotes a techno-decentralist ideology that
-promises to democratize societies by eradicating centralized points of
-control in economic systems. Contrastingly, this paper demonstrates how
-Bitcoin's production process operates through strict authoritative
-channels. The overall political framework for altering the Bitcoin code
-is described as senatorial governance: a (de)centralized model of
-bureaucratic parties who compete to change the monetary policy (codified
- rules) of the protocol. This model shows how Bitcoin is not an
-autonomous system but is assembled and maintained via human discretion.
Publisher: Sage Publications Sage UK: London, England
-
-
-
Volume
-
35
-
-
-
Pages
-
35–56
-
-
-
Publication
-
Theory, culture & society
-
-
-
Issue
-
3
-
-
-
Date Added
-
02/03/2022, 08:27:45
-
-
-
Modified
-
02/03/2022, 08:27:45
-
-
-
Tags:
-
-
MY_GS
-
SOCIOLOGY
-
-
-
-
-
-
The social life of sardex and liberex: Kin or acquaintances?: A comparison between two mutual credit circuits in Italy
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Laura Sartori
-
-
-
Abstract
-
We offer the first informed comparison of two regional mutual
-credit systems-Sardex and Liberex-aimed at sustaining the local economy.
- Building on previous research on Sardex, we develop an equivalent
-qualitative research investigating both organizers and members of the
-local circuit in Emilia Romagna. Within a theoretical framework that
-considers money as a social institution, socially and politically
-con-structed, we first give an overview of the plurality of existing
-money pointing out a heated debate over the nature of money itself.
-Then, we move to evaluate whether the same monetary architecture-adopted
- by the two mutual credit systems-concretely comes with a similar social
- life. We confirm how social life of money is strictly intertwined with
-its monetary architecture by design, and discover how deeply it is also
-rooted in the institutional and relational contexts where it concretely
-operates. Money differs not only by nature and design, but also by
-context.
The soft spot of hard code: blockchain technology, network governance and pitfalls of technological utopianism
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Moritz Hütten
-
-
-
Abstract
-
The emerging blockchain technology is expected to contribute
-to the transformation of ownership, government services and global
-supply chains. By analysing a crisis that occurred with one of its
-frontrunners, Ethereum, in this article I explore the discrepancies
-between the purported governance of blockchains and the de facto control
- of them through expertise and reputation. Ethereum is also thought to
-exemplify libertarian techno-utopianism. When ‘The DAO', a highly
-publicized but faulty crowd-funded venture fund was deployed on the
-Ethereum blockchain, the techno-utopianism was suspended, and developers
- fell back on strong network ties. Now that the blockchain technology is
- seeing an increasing uptake, I shall also seek to unearth broader
-implications of the blockchain for the proliferation or blockage of
-global finance and beyond. Contrasting claims about the disruptive
-nature of the technology, in this article I show that, by redeeming the
-positive utopia of ontic, individualized debt, blockchains reinforce our
- belief in a crisis-ridden, financialized capitalism.
(This text is very long. Maybe too long. You can find a PDF
-and an EPUB of it below.The current version of this text will always
-live at https://web3.tante.ccSatya has created an audio version of this
-essay. Eine deutsche Version findet sich hier. Una versione italiana di
-questo testo è qui – grazie Nebbia! En […]
The Tokenization of Space and Cash Out without Debt: Focus on Security Token Offerings Using Blockchain Technology
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Hoobin Lee
-
-
-
Author
-
Dasom Hong
-
-
-
Abstract
-
This paper analyzes two cases of space tokenization, Meridio
-and QuantmRE, to explore the potential of tokenization as a new means of
- space financialization. Space tokenization is based on blockchain
-technology and security token offering (STO). Although some financial
-geographers noted the possible impact of blockchain technology on space
-financialization, it has not been examined in depth. Therefore, this
-paper demonstrates space tokenization cases in detail. Meridio and
-QuantmRE suggest financial structures that convert space into tokens
-based on fractional ownership transactions. QuantmRE, specifically,
-allows a homeowner to secure cash without either debt or ownership
-relinquishment through sales of tokenized home equity. As this method
-takes a form of sale transaction rather than a loan, it enables
-financial institutions to circumvent strengthened regulation on loans
-after the 2008 global financial crisis. Moreover, even "house poor"
-households, who own houses but lack cash due to excessive loans, can
-cash out from their properties through QuantmRE. As such, space
-tokenization enables financial institutions to overcome constrained
-conditions after the global financial crisis, thereby reproducing space
-financialization. Space tokenization also has the potential to
-geographically expand space financialization through stimulating
-investment in the depressed housing market.
Journal of the Economic Geographical Society of Korea
-
-
-
Issue
-
1
-
-
-
Date Added
-
02/03/2022, 08:23:23
-
-
-
Modified
-
02/03/2022, 08:23:23
-
-
-
Tags:
-
-
PROCESSED
-
FINANCE
-
FINANCE_BUBBLE
-
Blockchain Technology
-
Financial Geography
-
Financialization
-
House Poor Households
-
Housing Finance
-
Space Tokenization
-
-
-
-
-
-
The Treachery of Images: Non-fungible tokens and copyright
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Andres Guadamuz
-
-
-
Abstract
-
This paper examines Bitcoin from a legal and regulatory
-perspective, answering several important questions. We begin by
-explaining what Bitcoin is, and why it matters. We describe problems
-with Bitcoin as a method of implementing a cryptocurrency. This
-introduction to cryptocurrencies allows us eventually to ask the
-inevitable question: Is it legal? What are the regulatory responses to
-the currency? Can it be regulated? We make clear why virtual currencies
-are of interest, how self-regulation has failed, and what useful lessons
- can be learned. Finally, we produce useful and semi-permanent findings
-into the usefulness of virtual currencies in general, blockchains as a
-means of mining currency, and the profundity of Bitcoin as compared with
- the development of block chain technologies. We conclude that though
-Bitcoin may be the equivalent of Second Life a decade later, so
-blockchains may be the equivalent of Web 2.0 social networks, a truly
-transformative social technology.
Harvard University, hbr. org/2017/01/the-truth-about-blockchain, accessed date: February
-
-
-
Date Added
-
21/02/2022, 13:52:11
-
-
-
Modified
-
21/02/2022, 13:52:11
-
-
-
-
-
-
-
The untold story of bitcoin
-
-
-
Type
-
Book
-
-
-
Author
-
Nathaniel Popper
-
-
-
Date
-
2015
-
-
-
Publisher
-
Allen Lane
-
-
-
Date Added
-
21/02/2022, 13:52:11
-
-
-
Modified
-
21/02/2022, 13:52:11
-
-
-
-
-
-
-
The untold story of NotPetya, the most devastating cyberattack in history
-
-
-
Type
-
Document
-
-
-
Author
-
MIKE McQuade
-
-
-
Date
-
2018
-
-
-
Publisher
-
Wired
-
-
-
Date Added
-
21/02/2022, 13:52:13
-
-
-
Modified
-
21/02/2022, 13:52:13
-
-
-
-
-
-
-
The Value Investor's Case for... Bitcoin?!
-
-
-
Type
-
Blog Post
-
-
-
Author
-
Bill Miller
-
-
-
Abstract
-
Our thought process on Bitcoin is a representative example of
-our probabilistic value approach, even though the asset may not hit the
-radar screens of more traditional value investors.
The veil of economy: Electronic money and the pyramidal structure of societies
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Christian Papillouda
-
-
-
Author
-
Aldo Haeslerb
-
-
-
Abstract
-
Electronic money is a compound of currency and technology
-which takes its rise around 1970 while benefiting at the same time from
-the miniaturization in electronics and the democratization of
-informatics. Electronic money covers the payment cards with magnetic
-tape, chip cards, the contact-less payments by card, mobile phone, or
-tablet PC, and the logical moneys (often called ‘virtual moneys' such as
- the Bitcoin, the Litecoin, the PPCoin, the Ven, the Linden dollar, the
-‘gold' as in the digital game World of Warcraft). These forms of
-electronic moneys have three common properties: the cryptography, the
-network, and the privileges. Cryptography conditions the ways to access
-the money. The network represents the kind of regulation of electronic
-moneys. The privileges differentiate the use of electronic moneys. Each
-form of electronic money does not match these three conditions
-identically because all are not equipped with the same technologies and
-the same related services. Nevertheless, the presence of these three
-properties within all forms of electronic money leads to a better
-understanding of how such functionalized money deeply changes our view
-on modern society. Indeed, whereas the economic standard model considers
- money as a veil hiding economic reality, the case of electronic money
-lets us think, on the contrary, since the swell period of the early
-1970s, of the real economy as veiling socio-economic reality, which has
-to be considered as a kind of a Ponzi scheme. While this scheme becomes
-the core of societal reality, the economic laws and their sociological
-as well as political equivalents, functional differentiation, and
-democracy are no longer the pillars of modernity. They hide this reality
- as fetishes enabling its order.
The volatility of Bitcoin and its role as a medium of exchange and a store of value
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Dirk G. Baur
-
-
-
Author
-
Thomas Dimpfl
-
-
-
Abstract
-
Bitcoin is designed as a peer-to-peer cash system. To work as a
- currency, it must be stable or be backed by a government. In this
-paper, we show that the volatility of Bitcoin prices is extreme and
-almost 10 times higher than the volatility of major exchange rates (US
-dollar against the euro and the yen). The excess volatility even
-adversely affects its potential role in portfolios. Our analysis implies
- that Bitcoin cannot function as a medium of exchange and has only
-limited use as a risk-diversifier. In contrast, we use the deflationary
-design of Bitcoin as a theoretical basis and demonstrate that Bitcoin
-displays store of value characteristics over long horizons.
There is no Alternative: SWIFT as Infrastructure Intermediary in Global Financial Markets
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Sabine Dörry
-
-
-
Author
-
Gary Robinson
-
-
-
Author
-
Ben Derudder
-
-
-
Abstract
-
This article explores the changing infrastructural
-architecture of global finance through the lens of Global Production
-Networks (GPNs). Financial markets infrastructure (FMI) for
-international payments and securities trading form the backbone of
-global finance. However, this FMI is typically hidden from observation,
-debate, and analysis, partly because international payments have
-functioned in broadly the same way for almost 50 years, governed by
-large global banks and the co-operative Society for Worldwide Interbank
-Financial Telecommunication (SWIFT). A global monopoly sensitive to
-geo-political upheavals, SWIFT is increasingly influential in acting to
-the benefit of the world's most powerful financial and political
-players. Thus, more than a mere passive facilitator of global economic
-activity, we argue in this paper that FMI forms a carefully crafted
-socio-economic system of geo-political relevance, whose core components
-‘power' and ‘embeddedness' we seek to comprehend with the GPN framework.
- We introduce SWIFT as a key player in global FMI and establish a
-conceptual dialogue between the recently introduced notion of the GPNs
-of finance and the newly developed idea of the GPNs of financial
-infrastructure. Incorporating Allen's (1997) power dimensions, we
-demonstrate their coexistence and complementarity in their carefully
-orchestrated, tightly intertwined global organizational arrangements. We
- show that SWIFT's proneness to technological and organizational change
-threatens to reconfigure long-established actors, processes and
-relationships in and beyond finance, and argue that this makes an
-in-depth understanding of FMI vital.
-
-
-
Date
-
2018
-
-
-
Extra
-
ISBN: 22
-
-
-
Publication
-
Financial Geography Working Paper Series
-
-
-
Issue
-
December
-
-
-
Date Added
-
02/03/2022, 08:23:45
-
-
-
Modified
-
02/03/2022, 08:23:45
-
-
-
Tags:
-
-
_LATEST
-
FINANCE
-
FINANCE_POWER
-
-
-
-
-
-
There’s No Good Reason to Trust Blockchain Technology
This time is different: A panoramic view of eight centuries of financial crises
-
-
-
Type
-
Report
-
-
-
Author
-
Carmen M Reinhart
-
-
-
Author
-
Kenneth S Rogoff
-
-
-
Date
-
2008
-
-
-
Institution
-
National Bureau of Economic Research
-
-
-
Date Added
-
21/02/2022, 13:52:15
-
-
-
Modified
-
21/02/2022, 13:52:15
-
-
-
-
-
-
-
Those who control the code control the rules: How different
-perspectives of privacy are being written into the code of blockchain
-systems
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Robin Renwick
-
-
-
Author
-
Rob Gleasure
-
-
-
Abstract
-
Blockchain systems afford new privacy capabilities. This
-threatens to create conflict, as different social groups involved in
-blockchain development often disagree on which capabilities specific
-systems should enact. This article adopts a boundary object perspective
-to make sense of disagreements between collaborating social worlds. We
-perform a case study of privacy attitudes among collaborating actors in
-Monero, a cryptocurrency community that emphasises privacy and
-decentralisation alongside a set of values sometimes described as
-anti-establishment, crypto-anarchist, and/or cypherpunk. The case study
-performs a series of interviews with users, developers, cryptographic
-researchers, corporate architects, and government regulators. Three
-novel and important findings emerge. The first is that none of the
-social worlds express a desire to monitor routine transactions, despite
-the obvious business and tax-collection value of such data. The second
-is that regulators are happy to postpone active involvement, based on
-the flawed assumption they can impose privacy-related regulation later,
-once risks have become clear. Such regulation may not be possible as
-protocols and rulesets currently being coded into the system may be
-impossible to amend in the future (unless they can obtain either
-developer or network consensus). The third is that regulators assume
-methods for overseeing extraordinary transaction are necessary to avoid
-widespread, near-effortless money laundering. Yet, each of the other
-social worlds is operating under the assumption that this trade-off has
-already been accepted. These findings demonstrate subtle power
-transitions and changes in privacy attitudes that have implications for
-research on blockchain, management, and boundary objects in general.
To the moon: defining and detecting cryptocurrency pump-and-dumps
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Josh Kamps
-
-
-
Author
-
Bennett Kleinberg
-
-
-
Date
-
2018
-
-
-
Extra
-
Publisher: Springer
-
-
-
Volume
-
7
-
-
-
Pages
-
18
-
-
-
Publication
-
Crime Science
-
-
-
Issue
-
1
-
-
-
Date Added
-
21/02/2022, 13:52:14
-
-
-
Modified
-
21/02/2022, 13:52:14
-
-
-
-
-
-
-
Today on Sick Sad World: How The Cryptobros Have Fallen
-
-
-
Type
-
Web Page
-
-
-
Author
-
Jamie Zawinski
-
-
-
Abstract
-
Or, the through-line from Assassination Politics to monkey
-JPEGs. The joke goes, "Stop saying you were promised flying cars. Unless
- you were born in 1935, you weren't promised flying cars, you were
-promised a cyberpunk corporate dystopia. You're welcome." Or, in the
-immortal words of Blank Reg, "You know how we said 'No Future'? Well.
-This is it." In the 80s and 90s, hacker culture was flush ...
Tokenized index funds: A blockchain-based concept and a multidisciplinary research framework
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Raffaele Fabio Ciriello
-
-
-
Abstract
-
In response to the bleak prospects of today's financial
-markets, a wave of financial and technological innovations emerges,
-bringing about potential benefits but also new challenges. For instance,
- tokenized securities are a new kind of blockchain-based asset enabling
-price stability, programmability, pseudonymity, and transaction
-efficiency, while also introducing new regulatory challenges and
-uncertainties. Conversely, index funds are an established investment
-device enabling broad diversification in a cost-effective,
-tax-efficient, and transparent way, while potentially also contributing
-to concentration of market power, intermediation cost, access barriers
-for underbanked or impoverished investors, increased market volatility,
-and human behavioral challenges. This paper conceptually develops
-Tokenized Index Funds as a hybrid approach that combines the benefits of
- tokenized securities and index funds while alleviating some of their
-drawbacks. Based thereupon, a corresponding multidisciplinary research
-framework is presented, with sample research questions along the
-activities of design and features, business and economics, management
-and organization, and law and regulation.
Tokenized: The Law of Non-Fungible Tokens and Unique Digital Property
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Joshua Fairfield
-
-
-
Abstract
-
Markets for unique digital property-digital equivalents of
-rare artworks, collectible trading cards, and other assets that gain
-value from scarcity-have exploded in the past several months. At root is
- the next iteration of blockchain technology, unique digital assets
-called non-fungible tokens. Unlike Bitcoin, where one coin is the same
-as another, NFTs are unique, each with different attributes. An NFT that
- represented ownership of Boardwalk would be quite different from one
-that represented Baltic Avenue. NFTs have grown from a few early
-breakout successes to a rapidly developing market for unique digital
-treasures. The attraction to buyers is that unlike digital assets like
-e-books or licensed movies, NFTs can be bought, sold, displayed, gifted,
- or even destroyed just like personal property. Yet law has not kept
-pace with demand for unique digital property. In particular, the rules
-designed for the 2000s internet focused on expanding intellectual
-property licenses and online contracts to the point that we are mere
-users, not owners, of digital assets. This article proposes a clear path
- for the evolution of the legal underpinnings of NFTs. It argues that
-NFTs are personal property, not contracts (despite the "smart contracts"
- popular nomenclature) or pure intellectual property licenses (despite
-the currently governing law of digital assets like e-books). Because
-transactions in NFTs are in the form of a sale, the law of sales of
-personal property should apply. And finally, the article notes
This thesis project was intended to take an exploratory look
-at blockchain technology using an interdisciplinary social lens. Drawing
- on a variety of sources, including Actor-Network Theory, multiplicity,
-prefigurative politics, Marx's early writings on technology, and
-ideological aspects of both hacker culture and free and open source
-software development, a complex but useful theoretical framework is
-proposed. Using a multiple methodological approach combining digital
-ethnography, semi-structured interviews, and content analysis, social
-aspects of the blockchain space are explored and an initial first
-description of demographics and characteristics of the blockchain
-community is proposed. The thesis finds that the utilization of
-blockchain technology is playing out in many ways, and there are widely
-varying positions taken from different groups on development and
-essential technological characteristics as well as potential
-motivations. The blockchain area is rapidly evolving, and interest from
-institutions has been growing. Given the potential prefigurative
-attributes of the space, there is the potential for institutional and
-capitalist interests to co-opt and integrate within the space, but this
-could stand to fundamentally change the uses of the technology. The
-thesis concludes that it is absolutely imperative that social scientists
- begin to think seriously about this technological development and its
-social characteristics and implications prior to widespread and
-institutional adoption.
Toward Emancipatory Currencies: A Critique of Facebook's Libra Cryptocurrency and Ideas for Alternatives
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Marvin Landwehr
-
-
-
Author
-
Volker Wulf
-
-
-
Abstract
-
Money underpins everyone's daily life. Possible solutions for
-the global problems fail if there is not enough money. Yet changes to
-our monetary system are rarely included in the discussion. Against this
-backdrop, cryptocurrencies create important new precedents regarding how
- money can be created. Libra is a recent cryptocurrency project launched
- by one of the dominant social media companies, which has been the
-subject of intense international discussion. Because the details of
-Libra are not yet fully specified, we present different scenarios of how
- a successful Libra currency might play out and some of the problems
-that might follow. These scenarios include the monetization of the
-payment infrastructure, (ab)use of sanctioning power, a reduction of the
- reserve ratio, and an abandonment of reconvertability. These problems
-suggest a number regulatory strategies in response. Finally, we describe
- values and design requirements that might help guide future
-cryptocurrency innovation and provide ways of evaluating their success
-or failure.
-
-
-
Date
-
2020
-
-
-
Extra
-
ISBN: 9781450375955
-
-
-
Pages
-
236–246
-
-
-
Publication
-
PervasiveHealth: Pervasive Computing Technologies for Healthcare
Towards a Theory of Digital Network De/centralization: Platform-Infrastructure Lessons Drawn from Blockchain
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Enrico Rossi
-
-
-
Author
-
Carsten Sorensen
-
-
-
Abstract
-
Global digital platforms are conquering the world and rely
-critically on digital infrastructures to function, yet little research
-has explored the fundamental interrelationship between the two. This
-working paper argues that understanding centralization and
-decentralization in digital networks as asymmetry and symmetry in mutual
- interdependencies between the constitutive elements of a digital
-network can help us understand the platform-infrastructure relationship
-more fundamentally (and vice versa). To this end, the paper proposes, as
- a starting point, the in-depth analytical and literature study of
-blockchain networks as a particularly revealing type of digital
-platform/infrastructure duality. The paper proposes an analytical model
-for characterizing de/centralization in digital networks and maps this
-onto blockchain networks. Based on this, the paper explores the
-de/centralization of blockchain, arguing that the extant blockchain
-literature largely has failed in providing a comprehensive understanding
- of de/centralization by not considering the complex second-order
-interdependencies between the different constitutive dimensions of a
-blockchain: the symbolic, technological and political dimension. Based
-on this, the paper provides an analysis of the meaning of
-de/centralization in blockchain networks by studying the
-interdependencies between its constitutive elements of coin, network
-technology, and social community.
Transaction costs and tethers: Why I’m a crypto skeptic
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Paul Krugman
-
-
-
Date
-
2018
-
-
-
Volume
-
21
-
-
-
Publication
-
The New York Times
-
-
-
Date Added
-
21/02/2022, 13:52:16
-
-
-
Modified
-
21/02/2022, 13:52:16
-
-
-
-
-
-
-
Trust, Blockchain-based Technologies, Public Sector, and the Social Good
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Balázs Bodó
-
-
-
Abstract
-
Many public institutions, government bodies, municipalities
-are experimenting with blockchain based systems, decentralized ledgers,
-smart contracts to deliver new innovative services to citizens, or
-improve the speed, efficiency, accuracy of existing ones. This short
-policy analysis looks at the potential mismatch between usually
-high-trust public institutions, and trust-minimizing technological
-infrastructures. We warn that, in general, we should avoid replacing a
-high-trust environment with a trust-minimizing technology. Pre-existing
-trust is very valuable, and no new technology should endanger trust
-which is extremely hard to build but very easy to destroy. Of course,
-not all institutions enjoy the trust of the citizenry. In low-trust
-environments the implementation of trust minimizing technologies need to
- consider the relative benefits and harms of the different approaches to
- dealing with low-trust environments. One can decide to implement a
-technology that is able to operate in such low-trust settings. The
-alternative to this is to try to implement technologies and policies
-that foster the emergence of trust. What is the preferable way forward:
-replacing distrusted public entities with trust-minimizing technologies,
- or improving their trustworthiness? Should we implement a
-trust-minimizing architecture, or a trust-maximizing one? Our
-institutions may be imperfect, and often produce arbitrary outcomes;
-sometimes they are downright oppressive. But at least there are clear
-lines of social, public, institutional, political and economic
-accountability and oversight. Such mechanisms of trust are yet to mature
- with regard to blockchain technologies. Unless these technologies can
-be brought into the fold, they remain largely unaccountable, thus
-fundamentally untrustworthy. And even if they are, we still don't know
-which is preferable: a polycentric system of power of checks and
-balances, which involves democratic oversight, or an ideally
-decentralized and disintermediated one, where power concentration is
-prevented? This should be a warning to well-intentioned public servants,
- institutions and private actors who are looking at implementing
-blockchain systems in order to better their domain or be seen as
-innovative, or simply because they fear missing out on a technology
-development sold to them as a revolution. It may be worth their while
-not to rush. It is OK to be slow and cautious. Disruptive digital
-innovation that targets trust should be treated with extreme caution.
Trust, But Verify: Why the Blockchain Needs the Law
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Kevin D. Werbach
-
-
-
Abstract
-
The blockchain could be the most consequential development in
-information technology since the internet. Created to support the
-Bitcoin digital currency, the blockchain is actually something deeper: A
- novel solution to the age-old human problem of trust. Its potential is
-extraordinary. Yet without effective governance, this approach may not
-promote trust at all. Wholly divorced from legal enforcement,
-blockchain-based systems may be counterproductive or even dangerous. And
- they are less insulated from the law's reach than it seems. The central
- question is not how to regulate blockchains, but how blockchains
-regulate. They may supplement, complement, or substitute for legal
-enforcement. Excessive or premature application of rigid legal
-obligations will stymie innovation and forego opportunities to leverage
-technology to achieve public policy objectives. Blockchain developers
-and legal institutions can work together. Each must recognize the unique
- affordances of the other system.
Trust, reputation and ambiguous freedoms: financial institutions
-and subversive libertarians navigating blockchain, markets, and
-regulation
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Inês Faria
-
-
-
Abstract
-
This article departs from the post 2008 financial crisis
-context, from its intersection with technological developments, and from
- the socio-technical arrangements configured by this conjuncture. It
-explores plans and actions – of mainstream financial institutions, and
-of a community seeking for alternatives to centralised economy and
-governance – for the use of digital platforms supported by blockchain
-infrastructure. In particular, it explores how such plans and actions
-relate to conceptions of public and peer trust and how they appear to
-produce, or reinforce, reputational imaginaries and quantification
-practices within added value philosophies. By illuminating a tension
-between the two identified case examples, I seek to render alternative
-communities' and financial institutions' conceptions, imaginaries and
-practices (more) visible and to analyse their organisational marketing
-strategies – where there is a pragmatic and discursive
-operationalisation of technology as well as of trust as means to gain
-more self-sovereignty in action, while navigating markets and regulated
-actual world contexts.
Trustless libertarians ? Attitudes about trust, politics, science and the environment in the blockchain community
-
-
-
Type
-
Manuscript
-
-
-
Author
-
Laizeau T Boon-Falleur M
-
-
-
Abstract
-
Blockchain technology emerged in 2008 in the midst of the
-financial crisis to provide a decentralized alternative to financial
-institutions. Members of the blockchain community, including the
-pseudonymous inventor of the technology Satoshi Nokamoto, have often
-expressed low levels of trust toward traditional institutions such as
-central banks. In contrast, they argue that blockchain technology
-applications such as cryptocurrencies or decentralized autonomous
-organisations do not require the intervention of a third party and are
-therefore more trustworthy while also allowing for more freedom. In this
- context, members of the blockchain community are often described as
-trustless and libertarian. In this study, we tested whether members of
-the blockchain community indeed are different from the general
-population in terms of their attitudes toward trust, politics, science
-and the environment. We found that the blockchain community is less
-trusting of people and institutions, favors more private poverty, and is
- less pro-environmental than the general population. Given that trust in
- institutions has been decreasing in recent years, decentralized systems
- powered by blockchain technology may become appealing to a growing
-number of people around the world.
Understanding the blockchain oracle problem: A call for action
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Giulio Caldarelli
-
-
-
Abstract
-
Scarce and niche in the literature just a few years ago, the
-blockchain topic is now the main subject in conference papers and books.
- However, the hype generated by the technology and its potential
-implications for real-world applications is flawed by many
-misconceptions about how it works and how it is implemented, creating
-faulty thinking or overly optimistic expectations. Too often,
-characteristics such as immutability, transparency, and censorship
-resistance, which mainly belong to the bitcoin blockchain, are sought in
- regular blockchains, whose potential is barely comparable. Furthermore,
- critical aspects such as oracles and their role in smart contracts
-receive few literature contributions, leaving results and theoretical
-implications highly questionable. This literature review of the latest
-papers in the field aims to give clarity to the blockchain oracle
-problem by discussing its effects in some of the most promising
-real-world applications. The analysis supports the view that the more
-trusted a system is, the less the oracle problem impacts.
-
-
-
Date
-
2020
-
-
-
Extra
-
Publisher: Multidisciplinary Digital Publishing Institute
Web3 is self-referential in the extreme. The value of the
-tokens is expected to grow as everything is to become more liquid and
-interconnected: tokens from one DAO will be valuable in another; more
-activities will be fractionalized; more institutions will turn into
-DAOs; more objects into NFTs...
Welche Zukunft hat die Blockchain-Technologie in der Energiewirtschaft?
-
-
-
Type
-
Manuscript
-
-
-
Author
-
Alexander Bogensperger
-
-
-
Author
-
Andreas Zeiselmair
-
-
-
Author
-
Michael Hinterstocker
-
-
-
Author
-
Patrick Dossow
-
-
-
Author
-
Johannes Hilpert
-
-
-
Author
-
Maximilian Wimmer
-
-
-
Author
-
Carsten von Gneisenau
-
-
-
Author
-
Nikolas Klausmann
-
-
-
Author
-
Jens Strüker
-
-
-
Author
-
Nils Urbach
-
-
-
Author
-
Benjamin Schellinger
-
-
-
Author
-
Johannes Sedlmeir
-
-
-
Author
-
Fabiane Völter
-
-
-
Abstract
-
Die Blockchain-Technologie erfuhr die Spitze ihres ersten
-großen Hypes im Jahr 2017. Bei der Blockchain-Technologie handelt es
-sich um ein dezentrales elektronisches Register für digitale
-Transaktionen. Zu den Eigenschaften der Technologie zählen u. a. eine
-hohe Manipulationsresistenz, welche Vertrauen in digitale Daten erzeugen
- kann, sowie die Möglichkeit, Prozesse und Transaktionen, ohne
-Intermediär abzuwickeln. Diese besonderen Eigenschaften ermöglichen die
-Entstehung eines "Internets der Werte". Während Kryptowährungen den
-bekanntesten Anwendungsfall darstellen (oft auch "digitale Währungen"
-oder "Krypto-Token" genannt), sind seit der Einführung der Technologie
-im Jahr 2008 viele weitere Anwendungsfälle diskutiert worden. Dabei
-bietet sich die Technologie nicht als Universallösung für jegliche
-Problemstellungen an. Das nachfolgende Diskussionspapier soll aufzeigen,
- in welchen Branchen sich die Technologie bereits etabliert hat, welche
-allgemeinen Missverständnisse die Technologie umgeben und wo ihre
-energiewirtschaftlichen Einsatzmöglichkeiten liegen. Zudem soll
-aufgezeigt werden, welche technologieunabhängigen Hürden den Einsatz der
- Technologie erschweren.
-
-
-
Date
-
2021
-
-
-
Extra
-
DOI: https://www.econstor.eu/handle/10419/237670
-
-
-
Date Added
-
02/03/2022, 08:24:32
-
-
-
Modified
-
02/03/2022, 08:24:32
-
-
-
Tags:
-
-
PROCESSED
-
CRYPTO
-
ENERGY
-
ENERGY_EMISSIONS
-
-
-
-
-
-
What Determines Success in Initial Coin Offerings?
What is Ethereum and How to Build a Decentralized Future
-
-
-
Type
-
Podcast
-
-
-
Podcaster
-
Future Thinkers
-
-
-
Abstract
-
Vitalik Buterin talks about Ethereum, decentralized platforms,
- crypto currency, smart contracts, and why those things matter for the
-future of the economy
What is Freedom? Between Past and Future: Eight exercises in political thought
-
-
-
Type
-
Document
-
-
-
Author
-
Hannah Arendt
-
-
-
Date
-
1993
-
-
-
Publisher
-
New York: Penguin
-
-
-
Date Added
-
21/02/2022, 13:52:14
-
-
-
Modified
-
21/02/2022, 13:52:14
-
-
-
-
-
-
-
What is in It for Me? Identifying Drivers of Blockchain Acceptance among German Consumers
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Florian Knauer
-
-
-
Author
-
Andreas Mann
-
-
-
Date
-
2019
-
-
-
Extra
-
Publisher: The British Blockchain Association
-
-
-
Pages
-
10484
-
-
-
Publication
-
The Journal of the British Blockchain Association
-
-
-
Date Added
-
21/02/2022, 13:52:12
-
-
-
Modified
-
21/02/2022, 13:52:12
-
-
-
-
-
-
-
What is money, really? And why Bitcoin is not the answer (even if
- blockchain is brilliant & potentially helpful in democratising
-money)
-
-
-
Type
-
Blog Post
-
-
-
Author
-
Yanis Varoufakis
-
-
-
Abstract
-
Recently, I argued that a central bank cryptocurrency can be a
- useful tool in the struggle to democratise money. Such a tool is, of
-course, not enough. The main task in democratising money is first to
-democratise the central bank – before deploying useful instruments like a
- central bank cryptocurrency. As many readers (correctly) pointed […]
What's holding back blockchain finance? On the possibility of decentralized autonomous finance
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Cameron Harwick
-
-
-
Author
-
James Caton
-
-
-
Abstract
-
Despite the past decade's rapid innovation in adapting
-blockchain technology to new uses, financial intermediation remains
-elusive except in basic and highly collateralized forms. We introduce
-the concept of the technical frontier to delimit the kinds of
-interactions that can feasibly be structured algorithmically among
-pseudonymous agents, as on a blockchain, and show that lending and
-financial intermediation – unlike monetary exchange – lie outside it,
-even in simple forms. The path forward for truly blockchain-native
-financial applications, therefore, must involve the integration of
-real-world identity information in order to disincentivize defection. We
- discuss several potential technologies for doing so, and conclude that
-such integration is possible without compromising pseudonymity, provided
- real-world identity is available in the breach.
When Cryptomining Comes to Town: High Electricity-Use Spillovers to the Local Economy
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Matteo Benetton
-
-
-
Author
-
Giovanni Compiani
-
-
-
Author
-
Adair Morse
-
-
-
Abstract
-
Cryptomining, the clearing of cryptocurrency transactions,
-uses large quantities of electricity. We document that cryptominers' use
- of local electricity implies higher prices for existing small
-businesses and households. Studying the electricity market in Upstate NY
- and using the Bitcoin price as an exogenous shifter of the supply curve
- faced by the community, we estimate the electricity demand functions
-for small businesses and households, and find price elasticities of
--0.17 and -0.07 respectively. Based on our estimates, we calculate
-counterfactual electricity bills, finding that small businesses and
-households paid $79 million and $165 million extra annually in Upstate
-NY because of increased electricity consumption from cryptominers. Using
- data on China, where prices are fixed, we find that rationing of
-electricity in cities with cryptomining entrants deteriorates wages and
-investments, consistent with crowding-out effects on the local economy.
-Local governments in both Upstate NY and China, however, realize more
-business taxes, but only offsetting a small portion of the costs from
-higher community electricity bills. Our results point to a yet-unstudied
- negative spillover from technology processing to local communities,
-which would need to be considered against welfare benefits
When is money not a currency? Developments from Finland of Proto-Community Currencies
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Marcus Petz
-
-
-
Abstract
-
The article is a case study of several digitally based schemes
- recently operating in Finland where some functions and properties of
-money are evident. While working effectively as designed, they do not
-fully meet the criteria of a well-functioning community currency. The
-schemes include: sysmä, a digitally based hyperlocal system of account
-introduced by the rural Sysmä municipality; Pisteet kotiin®, a housing
-association points system in the city of Tampere, copied from a working
-Dutch model; BookMooch, a global book-swapping site that has extended
-its operations throughout Fin-land. Explored in the article are the
-institutional enabling and inhibitory factors and implications for and
-from other community currency projects. Data was collected by
-participant observation and semi-structured interviews in all schemes.
-Additional media surveying, internet webscrapes and online surveying
-supplemented this data. Along with the demarcation problem between
-currency and money, the technical issues about scale and purpose, if
-such schemes are to develop their offerings to become fully fledged
-currencies, are considered. The concept of "current-see" proposed by the
- MetaCurrency Project, is used as a lens to evaluate if the schemes
-achieve their purpose and whether further development is desirable or
-possible. The concept of a proto-community currency is developed.
International Journal of Community Currency Research
-
-
-
Issue
-
2
-
-
-
Date Added
-
02/03/2022, 08:28:36
-
-
-
Modified
-
02/03/2022, 08:28:36
-
-
-
Tags:
-
-
MY_GS
-
ALTERNATIVE_MONEY
-
CC terminology
-
community of use
-
Green economics
-
integral theory
-
pattern language
-
-
-
-
-
-
When Ostrom Meets Blockchain: Exploring the Potentials of Blockchain for Commons Governance
-
-
-
Type
-
Journal Article
-
-
-
Author
-
David Rozas
-
-
-
Author
-
Antonio Tenorio-Fornés
-
-
-
Author
-
Silvia Díaz-Molina
-
-
-
Author
-
Samer Hassan
-
-
-
Abstract
-
Blockchain technologies have generated enthusiasm, yet their
-potential to enable new forms of governance remains largely unexplored.
-Two confronting standpoints dominate the emergent debate around
-blockchain-based governance: discourses characterized by the presence of
- techno-determinist and market-driven values, which tend to ignore the
-complexity of social organization; and critical accounts of such
-discourses which, while contributing to identifying limitations,
-consider the role of traditional centralized institutions as inherently
-necessary to enable democratic forms of governance. In this article, we
-draw on Ostrom's principles for self-governance of communities to
-explore the transformative potential of blockchain beyond such
-standpoints. We approach blockchain through the identification and
-conceptualization of six affordances that this technology may provide to
- communities: tokenization, self-enforcement and formalization of rules,
- autonomous automatization, decentralization of power over the
-infrastructure, increasing transparency, and codification of trust. For
-each affordance, we carry out a detailed analysis situating each in the
-context of Ostrom's principles, considering both the potentials of
-algorithmic governance and the importance of incorporating communities'
-social practices into blockchain-based tools to foster forms of
-self-governance. The relationships found between these affordances and
-Ostrom's principles allow us to provide a perspective focused on
-blockchain-based commons governance.
When tales of money fail: the importance of price, trust, and sociality for cryptocurrency users
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Inês Faria
-
-
-
Abstract
-
This paper is based on research among blockchain communities
-in the Netherlands and online terrains. Through an empirical example, it
- explores tales produced by projects based on the blockchain protocol
-and on the premise that cryptocurrencies are money and that money has
-generative potential for social and economic change. By unpacking the
-pragmatics of a particular project–Bitnation and Pangea – I argue that
-despite tales of decentralisation through the moneyness of
-cryptocurrencies, and the distributed and automated character of the
-blockchain protocol, these currencies, and projects, are deeply
-entangled with fiat and mainstream economies and markets. This is
-visible by looking at the ups and downs of cryptocurrency pricing and on
- the effects this volatility has on (certain) projects. The lack of a
-sustainable community of trust in cryptocurrencies as money –
-particularly visible in initiatives following more libertarian and
-utopian tales, detached from everyday life realities – and the way these
- retain attention mainly due to speculation, have very real effects for
-blockchain based projects. No matter how radical their tales for
-decentralisation and socioeconomic revolution are, utterances for these
-tales to become real have to be there, and seem absent.
Why a Little-Known Blockchain-Based Identity Project in Ethiopia Should Concern Us All
-
-
-
Type
-
Web Page
-
-
-
Author
-
Elizabeth M. Renieris
-
-
-
Abstract
-
There is already evidence of identity information being used
-to target populations in the Tigray conflict. Imagine the implications
-of a national ID scheme built on an immutable ledger, driven by
-commercial incentives and operated from offshore.
Bitcoin shouldn't be regulated because it works like cash.
-Professor Ross Anderson of University of Cambridge on why Bitcoin isn't
-cash. Tracing Stolen Bitco...
walks through why bitcoin is not cash and the complex legal questions it would need to deal with if it wanted to be.
-
-
-
Date Added
-
25/02/2022, 12:19:42
-
-
-
Modified
-
25/02/2022, 12:20:59
-
-
-
Attachments
-
-
Snapshot
-
-
-
-
-
-
Why China Had to Ban Cryptocurrency but the U.S. Did Not: A
-Comparative Analysis of Regulations on Crypto-Markets between the U.S.
-and China
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Rain Xie
-
-
-
Abstract
-
The cryptocurrency market grew from a $1.5 billion market
-capitalization in early 2013 to over $795 billion in January
-2018.'Bitcoin, an exemplar cryptocurrency, gained value from $0.08
-before 2010 to over $17,000 per bitcoin in December 2017.2 While
-cryptocurrencies \ldots
Why Cryptocurrencies Want Privacy: A Review of Political Motivations and Branding Expressed in “Privacy Coin” Whitepapers
-
-
-
Type
-
Journal Article
-
-
-
Author
-
John Harvey
-
-
-
Author
-
Ines Branco-Illodo
-
-
-
Abstract
-
New currencies designed for user anonymity and privacy–widely
-referred to as “privacy coins”–have forced governments to listen and
-legislate, but the political motivations of these currencies are not
-well understood. Following the growing interest of political brands in
-different contexts, we provide the first systematic review of political
-motivations expressed in cryptocurrency whitepapers whose explicit goal
-is “privacy.” Many privacy coins deliberately position themselves as
-alternative political brands. Although cryptocurrencies are often
-closely associated with political philosophies that aim to diminish or
-subvert the power of governments and banks, advocates of privacy occupy
-much broader ideological ground. We present thematic trends within the
-privacy coin literature and identify epistemic and ethical tensions
-present within the communities of people calling for the adoption of
-entirely private currencies.
We are now at the beginning of the web3 era, which combines
-the decentralized, community-governed ethos of web1 with the advanced,
-modern functionality of web2.
You are not welcome among US: Pirates and the state
-
-
-
Type
-
Journal Article
-
-
-
Author
-
Jessica L. Beyer
-
-
-
Author
-
Fenwick Mckelvey
-
-
-
Abstract
-
In a historical review focused on digital piracy, we explore
-the relationship between hacker politics and the state. We distinguish
-between two core aspects of piracy-the challenge to property rights and
-the challenge to state power-and argue that digital piracy should be
-considered more broadly as a challenge to the authority of the state. We
- trace generations of peer-to-peer networking, showing that digital
-piracy is a key component in the development of a political platform
-that advocates for a set of ideals grounded in collaborative culture,
-nonhierarchical organization, and a reliance on the network. We assert
-that this politics expresses itself in a philosophy that was formed
-together with the development of the state-evading forms of
-communication that perpetuate unmanageable networks.
-
-
-
Date
-
2015
-
-
-
Volume
-
9
-
-
-
Pages
-
890–908
-
-
-
Publication
-
International Journal of Communication
-
-
-
Issue
-
1
-
-
-
ISSN
-
19328036
-
-
-
Date Added
-
02/03/2022, 08:29:01
-
-
-
Modified
-
02/03/2022, 08:29:01
-
-
-
Tags:
-
-
PROCESSED
-
CYPHERPUNKS
-
Information politics
-
Intellectual property
-
Pirates
-
State networks
-
-
-
-
-
-
Zealots of the blockchain: The true believers of the Bitcoin cult