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Photo by Anton Shuvalov on Unsplash.

Working remotely has been steadily growing in popularity as newer generations enter the workforce. It has spurred terms like “digital nomad” and brings to mind a cozy millennial working in a hammock next to the beach. And while this shift is occurring across all sectors, the crypto community appears to be welcoming this lifestyle with open arms.

So, what exactly is the connection between a novel technology and working from anywhere in the world? First, let’s dig into the statistics.

Remote Work Is Happening Whether you Like it or not

The Nomad Academy offers an intensive on-site workshop that teaches folks how to leave their “conventional careers” behind and join the remote workforce. It combines travel, education, and cultivates skills with which graduates can use to “live life on their own terms.” Since they launched their “Nomad MBA” in 2017, the Academy boasts over 9,000 applicants from over 42 different countries. …


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Photo by Charlie Solorzano on Unsplash

Proof of stake (PoS) models have come a long way since their inception in 2012. What was once simply an energy-efficient alternative to Bitcoin’s proof of work (PoW) model, has now shown that it offers novel governance mechanisms too. Like many innovations in the crypto space, however, there are still a number of kinks that need to be ironed out.

In the following article, we’ll dig into how each of these consensus algorithms differs, examine the ways in which these models can prop up new archetypes for decentralized firms, and, finally, inspect the ways in which each mechanism falls short.

Consensus Algorithms 101

You’re already probably aware of the major differences between PoW and PoS consensus algorithms, but a quick review won’t hurt. Indeed, a rock-solid understanding of these two models is critical for understanding what comes next. …


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Photo by Julius Drost on Unsplash

A major touchstone within the media space has been the exploration of new business models. At current, the ad-based mechanism for making money has fallen short in many respects. It can incentivize sensationalized content to generate clicks, for instance. From a marketing perspective, current models also promote the buying of “likes” or “upvotes” rather than authentic market interest.

Crypto does offer some alternatives to this. At UFOstart, we have written broadly about a number of these alternatives too. In the following post, however, we’ll dig into Steemit’s upcoming Smart Media Tokens (SMTs) project. …


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By Liam J. Kelly on ALTCOIN MAGAZINE

Proof of Stake (PoS) models have come a long way since their inception in 2012. What was once simply an energy-efficient alternative to Bitcoin’s Proof of Work (PoW) model, has now shown that it offers novel governance mechanisms too. Like many innovations in the crypto space, however, there are still a number of kinks that need to be ironed out.


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Photo by Charles 🇵🇭 on Unsplash

In August 2016, a member of the investment team over at Union Square Ventures (USV), Joel Monegro, proposed the idea of “Fat Protocols.” The thesis holds that blockchain technologies will be valued more on the protocol level rather than the application level. This is in stark distinction to how value was created with the current model of the Internet in which technology companies captured and built businesses around user data.

Monegro’s proposal made waves when it was first published. It was the first time anyone had succinctly captured why blockchains and their tokens even mattered. This was three years ago, however. …


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Photo by Samuel Zeller on Unsplash

Business leaders, academics, engineers, journalists, politicians, and urban planners are faced with huge amounts of actionable information every day. To be successful in their roles, they must thus also develop an ability to analyze the most essential elements of this information. This skill has become even more important in the Information age. One could even argue that it is an entire job in itself replete with a distinct workforce eagerly awaiting to fill in.

Token curated registries are one way that such a workforce could manifest itself. In adding monetary value to list curation, like a subreddit or Yelp rating, whole communities are empowered to block spammers and promote the highest-quality content for all users. …


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Photo by timJ on Unsplash

In our last post regarding the DAOification of companies and their processes, we offered a very cursory overview of how crypto could transform modern businesses. Such a broad description, however, fails to capture the details of such a shift. In examining the small adjustments made possible by blockchain-based smart contracts, novel possibilities for corporate structure emerge. Not all amendments will be groundbreaking, however. Some might continue in a traditional hierarchy with only a few minor efficiencies. Others might flatten this configuration entirely in exchange for agility and flexibility.

An investigation into the various corporate structures possible for both startups and corporations inevitably reveals a quadrant of four principles: centralization vs. decentralization and hierarchy vs. flatarchy. Understanding this matrix will also explain a lot about what a company values, what it incentivizes, and the objectives it is trying to achieve. More importantly, such an investigation will reveal the reasons why companies might integrate blockchain-based technologies. …


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Blockchain technology brought with it a host of new business models and developments to the Internet. The promise of tokenization revealed how incentivization could coordinate disparate groups around a singular objective. Smart contracts removed costly intermediaries from numerous sectors. And now, whole corporate structures are under threat of decentralization thanks to stacks of these smart contracts, otherwise known as decentralized autonomous organizations (DAOs).

Take me to Your Leaders

In a seminal essay on the building blocks of modern society, mathematician, cryptographer, and legal scholar, Nick Szabo, explained how we are surrounded by contracts. He writes that whether this is in the realm of business, marriage, or private property, “the contract is the basic building block of a free market economy.” …


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The following three conversations represent a wealth of knowledge from some of the biggest movers and shakers in the blockchain industry.

Arianna Simpson provides some expert commentary on the venture capital front, Peter Todd breaks down the technical background of Bitcoin, and Tone Vays gives a first-hand account of the carnivore diet (among a few other insights).

Security, Venture Capitalism, and Macro Trends in Crypto: A Conversation with Arianna Simpson

If you haven’t heard of Arianna Simpson, then most likely you’re just joining the crypto world. The BitGo PM turned venture capitalist has had skin in the game since 2012, which in crypto years, is more than enough to solidify one’s credibility. Simpson has developed a keen eye since reading Satoshi’s white paper six years ago, working with Jameson Lopp thereafter, experiencing both bear and bull markets, and now formally investing in the space. …


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Navigating the emerging Web3 ecosystem can seem like translating a massive marketing plan. Small startups will decentralize this, others will offer micropayments for that, and they’re all going to “right” the wrongs of the Internet. While some of this is true, the term doesn’t seem to capture the actual stack of technologies that will make up this next step.

The following is a round-up of the Web3 Summit that took place in Berlin, Germany from October 22 to 24. The original series can be found at BTCManager here, here, and here.

A History Lesson on the Internet

It would be difficult to sit in the main hall of the Web3 Summit in Berlin from October 22 to 24 if one were an employee of Facebook or Google. If an employee from the FANG group did, however, make it through the front doors of Funkhausfor the three-day event, they would gain a much better understanding of their ideological opposition. They may also get fed up with the phrase, “Web3 will smash Web2’s conglomerates.” But, if they were from a particular era, such as Web1, the whole scene might not be threatening at all. It might even look like a whole lot of the same. …

About

Liam J. Kelly

Technology | Culture | Politics | LiamJamesKelly.com

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