Tag: Trust

From Gold Nuggets To Bitcoins – a Story of Trust and Efficiency (Part I – Tangibles)

Bitcoin is somehow the Elephant in the room when it comes to discussing the ‘future of money’. However, before judging whether it is a good alternative to replace money as we know it it is helpful to think about how money has evolved in the past, why it has evolved and what the legal implications of these changes are.

What makes a ‘Blockchain’ financial network? (II) – No trust, only maths

A distributed record needs a second (and a third) element to form a blockchain network. This post discusses the necessity of a mechanisms guaranteeing that the updates of records reflect the truth.