New kids on the blockchain

WSJ reports on institutional interest in blockchain technologies. WSJ: Nasdaq OMX Group Inc. is testing a new use of the technology that underpins the digital currency bitcoin, in a bid to transform the trading of shares in private companies. The experiment joins a slew of financial-industry forays into bitcoin-related technology. If the effort is deemed …

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Crypto-currencies, Bitcoin and Blockchain

Photos from two meetings I attended last week. Some general comments on crypto-currencies: 1. Bitcoin doesn’t really solve any payment problems, unless of course you are a paranoid libertarian who hates “fiat” currencies. But why should you trust the Bitcoin Foundation any more than you trust a central bank? (See Bitcoin dynamics.) 2. Most potential users …

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Bitcoin dynamics

Good discussion of Bitcoin by Mark Andreesen in the Times Dealbook: Why Bitcoin matters. There are also good points made in the comments (see Reader Picks). For example: … Bitcoin is arguably more like a commodity than a currency as it has no physical assets or central bank behind it. As a commodity should it not …

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