Bitcoin is not money

It’s sometimes hard to frame conversations around cryptocurrencies like Bitcoin and Ether. That’s largely down to the fact that no one can truly express what these things are, and what they mean to humans and our society. These are entirely new organisms that lack precedence. But finding the right definitions are going to be important because it will ultimately decide if and/or how governments will regulate these things. Is Bitcoin money? Is Bitcoin a network or a protocol? Is Bitcoin a community? It’s none of the above and all of them at the same time. Continue reading “Bitcoin is not money”

Securing your digital home – part 3: keys and other secrets

In part 2 of this series we walked through the thought process around your digital ID. Once that’s established, you need to protect the keys and other secrets attached to this identity, such as passwords and cryptographic keys. In this blog post I will write about my own personal approach to this with some recommendations. Continue reading “Securing your digital home – part 3: keys and other secrets”

What’s the cost of using blockchains?

In the past few weeks I’ve written about that blockchains are a kind of distributed ledger, and how they can be useful. But in these posts I left with a few unanswered questions that I’ll try to answer here.

So far everything about blockchains seem wonderful. Blockchains will allow software, people and organisations to transact with each other in more transparent and democratic ways where authenticity can be verified in a decentralised manner. If more software was built like this we would no longer need to pay with freedom, privacy and surveillance. But what do we have to pay with instead? There ain’t no such thing as a free lunch. Continue reading “What’s the cost of using blockchains?”