What is the essence of a zero-sum game? Wikipedia: A zero-sum game is a mathematical representation of a situation in which each participant's gain or loss of utility is exactly [...]
In principle, you can use Bitcoin to pay for things electronically. Bitcoin turns out to be a clunky, slow, costly, and - due to its volatility - a very uncertain [...]
Via Flipboard I read an article “Why we speak” from Mark Pagel writing for the The Atlantic on the crucial role of language in our ability to trade. It offers [...]
While traveling to Copenhagen yesterday I was presented by the POS-terminals the option to pay my taxis and restaurant bill at the airport in the locale Danish Krona or in [...]
Human nature and our abilities are intertwined with collaborability. My statements about them are scattered all over Red Planet Dust. I wondered if a consistent image would arise when I would collect my statements.
High-frequency trading makes it apparent that in stock and other financial trading computer decision making is out pacing humans in speed and quality. Three issues spring to mind: (1) The impact of efficiency of markets on collaborability, (2) Our societal relationship with technology and (3) Decision making is shifting from humans to computers.
Search is basic to the Internet and to be considered a utility function. Without „search” no find. "Degraded links" are hurting society as a whole and should be banned.
Walking to the office this morning it struck me that the evolution of (physical) currency in relation to payments could show us the long term development of digital money as well: step by step the currency has been developing until at a certain moment in time the transaction will be done directly between the payer and the payee.
„Is our political system capable of managing rapid technological change?” When pressed I would be tempted to answer the question with a resounding YES! for I see abundant evidence around me we have done so very successfully. Actually it is one of the core abilities we humans have to adapt to changing conditions.
Whether you think in terms of “ the creation of a world of plenty” or “the disappearance of the middle class” in both scenarios the distribution of the wealth available will have to be dealt with politically.
The removal of the middle man function in an exchange based on the bitcoin protocol does not automatically lead to the disappearance of the companies (and their interests) performing these today. The middle man function will slowly but surely erode with the advent of the bitcoin protocol, the middle man of today (parties) will be the gate(way)keepers of tomorrow.
The acceptance of Bitcoin protocol currencies and Ripple like networks is dependent on trust even if trust is said not to be necessary for the value to be transferred between two actors. Neglecting this will hamper adoption of the Bitcoin protocol by the masses.
(1 minute reading time + 15+ minutes external article) As with Marc Andreessen's article "Why bitcoin matters" from three weeks ago I can recommend an other landmark article on crypto [...]
Often antitrust is connected to behaviour in the disadvantage of competitors – and hence the dis-economies this brings for consumers – we should have a wider perspective at the (potential) negative impact companies have on society. Slowly but surely we should start looking at the disadvantages to society’s ability to collaborate as well.
Finextra: Bitcoin exchange MT. Gox introduces account verification: In a statement on its Web site about the new verification system, MT. Gox says: "The Bitcoin market continues to evolve, as [...]
Now, with the media hype about bitcoin residing a little over the last two weeks it is time to get into the reflective mode. Today Leika Consult releases the first [...]
(This is part 6 of a series of posts that will be bundled in apaper on crypto-currencies at Red Planet Dust. See for Part 1) We need to understand our [...]
New standards are building on past achievements, introducing improvements for further evolution. Standardisation is in a way standing on each others shoulders. Successful iterations of standardization commands, almost by it [...]
The first misconception covered in this series is Felix Salmons’ notion of trust in general and trust in the interconnected world. The next misconception I want to address is Felix [...]
What we today perceive as money is the result of thousands of years of evolution. And looking at history, why we would be the “lucky guys” to live in the [...]
The article of Felix Salmon ”The Bitcoin Bubble and the Future of Currency” triggered me to write a series of posts on Crypto-currency at Red Planet Dust (see part 1). [...]
(This is part 3 of an article on crypto-currencies at Red Planet Dust. See for Part 1, Part 2) Human collaboration is based on trust. We do not have a [...]
(This is part 2 of an article on crypto-currencies at Red Planet Dust. See for Part 1) Many call Bitcoin “digital money” but not all types of digital money are [...]
While aware of bitcoin for some time being professionally involved in payments, my interest in bitcoin was triggered when I had the opportunity to discuss bitcoin backgrounds and developments with [...]
Ik ben geen fan van het "nieuwe werken" en met name niet van de kantoortuin welke overal een onvermijdelijk deel uitmaakt van dit met bravoure verkondigde concept. En dit terwijl [...]
