Why decentralization needs more than cryptonetworks – the Internetome

Aldous Huxley (1937) regarded the decentralization of industry and government necessary for a better society. Norbert Wiener’s insights (1950) into the dynamics and ethics of humans and large computer systems hinted at the advantages. Marshall McLuhan (1962) anticipated a shift from the centralized mechanical age to the decentralized electronic age, coining the term global village as shorthand […]

Lightning – cryptocurrency and the Internet of Things

Bitcoin is an experiment. That's granted. The fact that it's trusted and actually useful is nothing short of phenomenal. Last week for example, the trade volume amounted to US$229m. Nevertheless, Bitcoin has some fundamental constraints that keep it from going mainstream: it has a ballpark limit of 7 transactions per second, and having confidence that […]

The blockchain is coming your way

Bitcoin is the most famous cryptocurrency with the highest capitalization. As you can see from this screenshot from the "block reader" blockr, the capitalization at the time of writing is over eight billion dollars. According to citations of an IMF report on Wikipedia, that places it just above Moldova's GDP. This post isn't about bitcoin […]