Moving Beyond Bitcoin (BINO) Beta
Transitioning mindshare from Bitcoin-for-everything monopoly to a competitive consensus-as-a-service marketplace
Date: This event took place live on January 07 2015
Presented by: Tim Swanson
Duration: Approximately 60 minutes.
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This session is eligible for 1 Continuing Education credit from the Digital Currency Council.
With nearly six years of empirical data and use-cases behind the Nakamoto consensus method the community has observed that a cryptocurrency economy behaves differently than originally envisioned and intended. What has arisen from these half-a-decade of physical interactions is a nearly complete rollback of the primary attributes embodied within the first of these Nakamoto consensus protocols, Bitcoin — to the point where it may best to refer to it as Bitcoin-in-name-only (BINO). Consequently there are two other challenges within this existing BINO framework: (1) the diametrically opposed forces of speculative demand versus transactional demand; (2) decoupling coins from the ledger altogether. This webcast presentation discusses several proposed solutions to the challenges currently being devised by a multitude of teams.
About Tim Swanson
Tim Swanson is a graduate of Texas A&M University and worked in East Asia for more than six years. Tim managed numerous research projects requiring the ability to communicate with multicultural teams. He is currently based in the San Francisco Bay Area and is the author of three books. Twitter - @ofnumbers
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