msolana

Importantly, this led to a major shift in the industry’s narrative to “blockchain not bitcoin”. The idea was to harness the power of the technology without dealing with the digital assets built …

Between 2012 and 2014, Venezuela’s currency, the bolivar, lost 90% of its value. Electricity blackouts became increasingly frequent throughout the country. Government price contro…

…e hyper-specialised to maximise on whatever dimensions are most important for the niche they serve. The things a protocol must maximise to be the best smart contract cloud compute platform (different combinations of speed, cost, throughput, decentralisation, perhaps even in certain circumstances deliberate censorability) aren’t the same things a protocol must maximise to be the dominant non-sovereign monetary SoV (censorship-resistance, path dependency). The monetary non-sovereign SoV use case tends to be winner-takes-most if not winner-takes-all. On …