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Post By Simon Montford on January 13, 2018 Last night's BBC Panorama: "Who Wants to Be a Bitcoin Millionaire?" was uncomfortable to watch because a lot of clueless, irrational, and ignorant people are being seduced by greed. Unfortunately many will end up losing their money when the cypto bubble bursts. It's very simple, don't invest in anything you don't fully understand!
Post By Simon Montford on December 11, 2017 As technology becomes ever more fundamental to citizens, societies and economies, Simon Montford, the founder of WEB3//IOT visited the After Money money symposium looking at issues from identity and privacy to decentralisation, autonomy and democracy itself. I recently attended a two-day event called After Money, which heralded the end of an 18-month research project of the same name, supported by the Economic and Social Research Council in collaboration with the Royal Bank of Scotland and the New Economics Foundation. It took place on the 20th and 21st of November at the City Arts Centre in Edinburgh and was organised by The Centre for Design Informatics at the University of Edinburgh.
Post By Simon Montford on Sept 21, 2017 Following on from part 1 and part 2 of this series, what I find most curious about the current ICO mania is that the majority of people filling their boots with crypto-plunder clearly understand the dangers, but do it anyway. Let's take EOS's ICO for example, if you look at the company's Terms of Use (TOU) you will see that the founders have sensibly made provisions to indemnify themselves against future liability.
Post By Simon Montford on Sept 20, 2017 As mentioned in Part I of this series, unlike bitcoin, ether is more than just a store of value. It has been described as "crypto-law" and "programmable money" because when it is turned into gas it can be used to perform the following actions: Allocate resources, facilitate transactions between accounts using smart contracts, compensate participant nodes for computations performed on the network, and act as an internal transaction pricing mechanism. These powerful functionalities have made an entirely new kind of self-regulating governance possible in the form of distributed autonomous organisations (DAOs).
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AuthorsSOCIAL MEDIA© Simon Montford (5350 Ltd & WEB3IOT), 2014, 2015. Unauthorized use and/or duplication of this material without express and written permission from this blog’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Simon Montford and WEB3IOT with appropriate and specific direction to the original content at web3iot.com.
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