Cryptocurrencies – A Paradigm for Understanding Value Part 1 on Margin Call Podcast
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Manage episode 321488035 series 3321521
- History of crypto-anarchists and cypher-punks from the 1980s. Founding developers of DoD sponsored ARPANET, the predecessor to the Internet.
- The protocol used to create BitGold that became Bitcoin
- The paradigm for understanding value is usually via visual sensory input or because everyone agrees that something is of value. Now we are changing the way we see value.
- Cryptocurrencies are undiscovered country that has its foot in the old and the new.
- It has aims to be a currency but currently functioning as a commodity - mimicking electronic gold.
- What are fundamentals driving Bitcoin prices today? What are the other variants tied to blockchain technology and how do they differ from Bitcoin? What is blockchain?
- Bitcoin resembles the internet in the early stages of its development. It is a means of exchanging value and keeping records of transactions.
- Government intervention (SEC lawsuit against XRP foundation) into the development of bitcoin.
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