Remember when companies like Google, Amazon, eBay, and Facebook were huge disruptors in their industries? They upended their competitors in online search, book sales, reselling, and social networking. Now, these Web 1.0 and Web 2.0 companies are on the verge of being disrupted themselves by the emergence of Web 3.0. The Evolution of the Web Web…
Bitcoin & Cryptocurrencies
How to identify potentially fraudulent ICOs
The cryptocurrency market in its current state is mouthwatering to investors — and to scammers. Like a box of brownie mix, it promises fast returns with little effort. So many people think they could be the next to strike it rich that investors poured more than $6.3 billion into initial coin offerings (ICOs) in just…
What is Cryptoeconomics?
The word “cryptoeconomics” is a portmanteau of cryptography and economics, and the concept is key to making a functional blockchain. How do you get strangers to work together to create a trustworthy, decentralized network for transmitting and storing encrypted information? How do you get that distributed ledger system to function reliably without a central authority…
What is Ethereum?
If you want to understand what Ethereum is, stop thinking about cryptocurrency for a minute. While the Ethereum blockchain traces its roots to the Bitcoin blockchain, and while it’s associated with a cryptocurrency called Ether, Ethereum is quite different, not because of Ether’s value as a cryptocurrency but because of the Ethereum blockchain’s ability to…
The Cypherpunk Movement and the Creation of Cryptocurrency
It all began with the cypherpunks, a small community of programmers, coders, activists, and visionaries who were focused on privacy-enhancing technologies through cryptography starting in the 1990s. “Privacy is necessary for an open society in the electronic age,” proclaimed Berkeley mathematician Eric Hughes in “A Cypherpunk’s Manifesto” in March 1993. “Privacy is not secrecy. A…
3 Reasons Why Financial Advisors May be Ignoring Cryptocurrency at Their Own Peril
Why aren’t more financial advisors taking the time to truly understand bitcoin and other cryptocurrencies or the blockchain technology they are built on? Advisors might be dismissing bitcoin as a fad or are intimidated by trying to understand the technology behind it. And they might not realize how much that technology — the blockchain —…
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