2023-09-03 plastic money
There are technical implementations for all types of payment services outside of the typical on-chain transaction, from micropayments, which allow video streaming companies to pay for each unit of video transcoded, to state channels that allow two people to agree on a value exchange that only gets executed if something happens, and paid subscriptio... See more
Wendy Xiao Schadeck • Bridges across the Chasm to Web 3.0
Money is a story. It is a story of what work has been done on credit that is yet to be redeemed. It is the Schelling point for universal credit. It is an IOU that everybody is willing to redeem (primarily because everybody is willing to redeem it) and hence that, at every instance of its transfer, it is re-ordained with the ascription of economic v
... See moreSacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
fiat money even really is: It is a fungible pan-bank liability.
Sacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
fiat money even really is: It is a fungible pan-bank liability.