Artificial intelligence is going to be a big part of the future. From computer scripts that automate tasks at the office to self-checkout at the grocery store, automation is already a big part of our daily lives. Automation and artificial intelligence (AI) is all around us but how will artificial intelligence use money? The Internet […]
For some countries, more money comes in through remittances than through trade. These remittance corridors are some of the most profitable and busiest payment networks in the world. Several large financial institutions have made it their core business model to help make remittance payments possible but their days may be numbered if they don’t adapt […]
Bitcoin has been dismissed by economists, news agencies, banks, politicians and countless other skeptics around the world as a Ponzi scheme, a joke, “fake money” and more. But what they all fail to realize is that bitcoin is just an open-source software that doesn’t care what they think. It is the most influential math experiment […]
Physical money like coins have been a staple of monetary systems since metals have been being forged. One of the reasons why coins have been the basis of such great money systems is because coins cannot be printed into existence on a whim. It requires lots of work to produce coins which is exactly what […]
If you do any searching, you can easily find articles about bitcoin’s risk and volatility all over the internet. I’m talking about mainstream media sources like Forbes, Wired, CNN and The Wall Street Journal just to name a few. What’s interesting about all of these publications is that they all make note of how volatile […]
Skeptics are eager to criticize bitcoin because they claim that it doesn’t have any “intrinsic value” and therefore can’t possibly be money. What they fail to realize is that bitcoin has a market utility that no other form of money in history has ever had. That’s a bold statement so let me show you why […]
Historically speaking, money has almost always been issued by those who rule but Bitcoin is slowly changing that. Rather than money being issued by centralized entities such as banks or governments, money is now able to be produced by decentralized systems like Bitcoin. This might not seem like such an amazing invention but as time […]
One of Bitcoin’s most amazing properties is that it puts the users in direct control of their own money. What you may not fully understand are the immense implications that really has on the daily lives of billions of people around the world. Bitcoin is ownership rather than debt and that will prove to be […]
The banking system, a cornerstone of modern finance, has remained remarkably unchanged for the past century. Despite the rapid advancement of technology and the evolving needs of individuals and businesses, the traditional banking model has persisted, with its rigid structures and intermediaries controlling the flow of money. However, with the emergence of Bitcoin and smart […]
In the realm of distributed systems, there exists a legendary problem that has puzzled computer scientists and cryptographers for decades. This problem, known as the Byzantine Generals’ Problem, is a thought-provoking paradox that highlights the difficulties of achieving consensus in a decentralized network. In this article, we will delve into the intricacies of this problem, […]