An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Saturday, November 3, 2018
Vinay Gupta — Why Global Trade Will Inevitably Move to the Blockchain
...the basic story is first we did information, next we’re going to do matter.
Some social media platforms (e.g. Gab.com) are already preparing to move to a blockchain infrastructure, in order to avoid being censored or purged.
Blockchain essentially cuts out the middleman (i.e. it eliminates the need for centralized servers), and lets people raise money anonymously. It will take power away from tyrannical platforms like Facebook, Twitter, and so on.
I hope not, not with is humongous energy consumption. We will need quantum computers for this.
ReplyDeleteSome social media platforms (e.g. Gab.com) are already preparing to move to a blockchain infrastructure, in order to avoid being censored or purged.
ReplyDeleteBlockchain essentially cuts out the middleman (i.e. it eliminates the need for centralized servers), and lets people raise money anonymously. It will take power away from tyrannical platforms like Facebook, Twitter, and so on.