Blockchains are not simply about money. The modern-day alchemists who minted Bitcoin and other digital assets have animated a generation of technologists to reimagine how the financial and commercial world operates. The vision that these technologists aim to bring to fruition is not just about payment systems and other financial instruments. Large ... See more

The modern financial system is a market for promises that involve large degree of trust. Human systems are incapable of executing all promises due to interests and goals that could go against them. The inability to commit to promise enforcement limits the set of promises that can be made. And this is the fundamental problem that blockchain as an al... See more

As discussed in my previous posts, there are myriad challenges to tackle before getting to mass adoption. Basic infrastructure, which has not proven itself ready for scale, sits at the core of these challenges. This is not too concerning in my opinion. The research, effort, brainpower, and capital that have been invested into this topic alone will ... See more