The Age of Cryptocurrency

But the more important question is whether cryptocurrencies can become money. That’s where the insistence that money must be backed by something “real” must be put away. What matters is whether it has utility.

Rossiello

the network, which was then producing 88,000 trillion hashes every second, had a computing power six thousand times the combined power of the world’s top five hundred supercomputers—

where deeds, titles, and other certifications of ownership are put in digital form to be acted upon by software—

Money: The Unauthorized Biography, Felix Martin argues that to focus on money as a “thing”—the commodity, or “metallist,” conception of money, which we will come to later—is to miss the powerful, civilization-building force that this invention unleashed. Calling money a “social technology,” he declares that “currency is not itself money.

William Gibson’s novels,

Amsterdam-based Wladimir van der Laan, who is also on the Bitcoin Foundation payroll, would work with Andresen on a more lasting fix.

Silk Road was a critical catalyst for this particularly rapid phase of community formation.

In almost every speech bitcoiners make about the potential for cryptocurrencies in the developing world, Argentina receives top billing.