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Why has Bitcoin failed? It has failed because the community has failed. What was meant to be a new, decentralised form of money that lacked “systemically important institutions” and “too big to fail” has become something even worse: a system completely controlled by just a handful of people. Worse still, the network is on the … 
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Bitcoin has taken quite a beating for its libertarian design biases, price volatility due to speculation, and the questionable practices of some currency-exchange firms. But whatever the real or perceived flaws of Bitcoin, relatively little attention has been paid to its “engine,” known as “distributed ledger” or “blockchain” technology. Move beyond the superficial public discussions about Bitcoin, and you’ll discover a software breakthrough that could be of enormous importance to the future of commoning on open network platforms.
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This brilliant infographic is from March 2014 but still worth sharing. It was originally published at Cryptocoins News
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Shortly after, TechCrunch had a piece about it. I also forwarded on my responses to Raphael Satter, a journalist for The Associated Press who also got in touch via twitter. The story is now all over the place. Overnight the story made it on to Forbes and The Guardian, and this morning Paul Vigna from The Wall Street Journal got in touch has just post this up. A quick google news search also brought up articles in The Evening Standard, The International Business Times, PCWorld, Here is the City, The Domains, Finextra, The Drum and more.
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The first line of Satoshi Nakamoto’s white paper reads as follows: “A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.” The goal is achieved quite simply by removing three frictions to the exchange of value among people.
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This post from the P2Pvalue blog by Florian Glatz is based on an article by Primavera de Filippi posted on Internet Policy Review – read the full article here Today we want to point you to one of the many studies we are conducting at P2PValue, regarding the different applications of peer-to-peer technology in today’s networked information …
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What makes a lot of people uncomfortable about a phenomenon like Uber, when you get right down to it, is how it is owned.
jean lievens's insight:
This entry was posted on Sunday, March 1st, 2015 at 12:00 pm and is filed under Collective Intelligence, Crowdsourcing, Culture & Ideas, Economy and Business, Open Models, Original Content, P2P Business Models, P2P Collaboration, P2P Company Watch, P2P Development, P2P Money, P2P Technology. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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The still raging financial crisis of 2007–2008 has enabled the emergence of several alternative practices concerning the production, circulation and use of money. This essay explores the political economy of the Bitcoin ecosystem. Specifically, we examine the context in which this digital currency is emerging as well as its nature, dynamics, advantages, and disadvantages. We conclude that Bitcoin, a truly interesting experiment, exemplifies “distributed capitalism” and should be mostly seen as a technological innovation. Rather than providing pragmatic answers and solutions to the current views on the financial crisis, Bitcoin provides some useful and timely questions about the principles and bases of the dominant political economy.
Scoop.it!
“The first line of Satoshi Nakamoto’s white paper reads as follows: “A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.” The goal is achieved quite simply by removing three frictions to the exchange of value among people.
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