Smart contracts which restrict the spending of donated funds to pre-verified addresses and/or transaction types might decrease mistrust of needy populations and non-profit organizations.

Maybe you’ve seen this cartoon:

Image for post
Image for post
Source: http://neasecartoons.com/

It’s meant to be a joke, but maybe this actually isn’t such a bad idea.

One of the most common arguments against giving money to homeless people is that they’ll spend the money on drugs or alcohol. Cash money can be used for anything, and people often don’t trust the homeless to spend money responsibly. …


New business models enabled by secure mass micropayments could upend how networks distribute value in exchange for consumer data and redefine our everyday notion of work

The Instagram Problem: Digital Networks and Value Distribution

Back in 2014 or so I was flipping through books in the science & tech section of the bookstore when I came across the following passage:

At the height of its power, the photography company Kodak employed more than 140,000 people and was worth $28 billion…today Kodak is bankrupt, and the new face of digital photography has become Instagram. …

Brad Riew

just a confused kid trying to understand

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