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 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).
Post By Simon Montford on Sept 18, 2017
Once upon a time there was a substance called ether, also known as quintessence, that delighted and baffled medieval scientists for centuries. They postulated that it was a medium used by light to travel through the vacuum of space. It was also thought to be responsible for all kinds of other complex scientific phenomena. At the end of the 19th century, the scientific community collectively disavowed the notion, and concluded that it never existed. Ironic then that ether should, well, disappear into the ether.
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