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Strategies & Market Trends
Blockchain and Cryptocurrencies
An SI Board Since December 2017
Posts SubjectMarks Bans Symbol
1631 118 2 ETH
Emcee:  Glenn Petersen Type:  Moderated
A blockchain is a digitized, decentralized and globally distributed public ledger of transactions that is constantly growing as completed blocks (the most recent transactions) are recorded and added to it in chronological order. The Harvard Business Review has described it as “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way.” A blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of subsequent blocks, which requires collusion of all of the other blocks in a chain. All of this happens in an open and transparent environment.

The first blockchain was conceptualized in 2008 by an anonymous person or group known as Satoshi Nakamoto and implemented in 2009 as the core component of the technology underlying bitcoin, where it now serves as the public ledger for almost all cryptocurrency transactions.

Blockchain’s cryptocurrency applications are only the tip of the iceberg of its potential applications. Some observers believe that the widespread adoption of the blockchain technology could potentially be more disruptive than the introduction of the Internet. Some blockchain boosters say that the development of blockchain rivals, in significance, the introduction of double-entry bookkeeping in Renaissance Italy. Blockchain in this context is triple-entry bookkeeping where the third entry is a verifiable cryptographic receipt of every transaction.

Many businesses, from energy to healthcare to food are already exploring and implementing blockchains in an effort to trim costs\ and secure and share information more efficiently. They do so knowing that there very survival may be at stake.

In the summer of 2016, Dan Tapscott, the Co-Founder and Executive Director of the Blockchain Research Institute, delivered a TED Talk on the “Blockchain Revolution.”

How the blockchain is changing money and business



Corporations and individuals can create private “permissioned” blockchains which use an access control layer to govern who has access to the network. In contract to public blockchain networks, the users on private networks are vetted by the network owner.

This board has been created to discuss the underlying technology of blockchain, the potential and actual usage of the technology and, most importantly, the investment opportunities surrounding blockchain. Inevitably, these will include the cryptocurrencies and some casino stock plays that will flare out and crash.

"Software is eating the world" - Marc Andreessen

External resources

Cryptocurrency market caps: coinmarketcap.com

Initial coin offerings (ICOs) market caps: coinmarketcap.com

Satoshi Nakamoto whitepaper (Bitcoin: A Peer-to-Peer Electronic Cash System): bitcoin.org

Vitalik Buterin whitepaper (A Next Generation Smart Contract & Decentralized Application Platform): the-blockchain.com

Blockchain Technology Overview (Draft NISTIR 8202): csrc.nist.gov

Beyond the Bitcoin Bubble (New York Times): Message 31439473

Bitcoin Mania (New York Review of Books): Message 31432686

Understanding the fundamentals of IBM blockchain (Blockchain for Dummies): ibm.com

Wikipedia entry: en.wikipedia.org

Coindesk: coindesk.com

Cointelegraph: cointelegraph.com

The Block: theblockcrypto.com

Related SI boards

Bitcoin:
Subject 59173

GBTC: Bitcoin Investment Trust (not an ETF): Subject 59732

IOTA (which does not use a traditional blockchain technology): Subject 59917

Binance (BNB): Subject 59928

Wagerr (WGR): Subject 59927


Fintech (Cryptocurrencies, ICOs etc.): Subject 59550

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ReplyMessage PreviewFromRecsPosted
1631This is on the Factom blockchain. I read that Factom is used by the US dept of HClaude Cormier-yesterday
1630Cardano is in a very good position app.flipsidecrypto.comjaubin-Thursday
1629Facebook flushed out the heavy artillery.Glenn Petersen-Wednesday
1628Pegnet??? pegnet.orgLhn5-Wednesday
1627CARDANOS's ROADMAP cardanoroadmap.com Cardano is the contender no.1. for bClaude Cormier-Wednesday
1626Charles Hoskinson on LIBRA youtube.comClaude Cormier-Wednesday
1625LedgerX Unveils $100,000 Bitcoin Call Option for Retail Investors The company gJulius Wong-Wednesday
1624From a fad, to FEAR... In its early years, cryptocurrency was seen as a kind ofSavant1Tuesday
1623Facebook's Libra woes have become Bitcoins' woes: Facebook’s Crypto WoeGlenn Petersen-Monday
1622I've written about Quant Network (QNT) previously beginning in late October w0z2Sunday
1621Facebook answers how Libra taxes & anti-fraud will work Libra claims it’s nGlenn Petersen-July 12
1620Donald Trump is 'not a fan' of cryptocurrency, Facebook Libra Having a Glenn Petersen-July 12
1619dupSr K-July 10
1618Blockstack Is Planning One of the First Reg A+ Compliant Token Offerings In the Glenn Petersen1July 10
1617 Snowden, on why privacy matters youtu.beSavant-July 9
1616Th Asian monster doing really well indeed.Claude Cormier-July 9
1615Andreas tells it like it is: Libre Not Libra: Facebook's Blockchain ProjectClaude Cormier-July 9
1614Cryptocurrency Startups Get Partial Green Light from Washington Securities andJulius Wong1July 8
1613Snowden, on why privacy matters youtu.beSavant-July 8
1612Happy w/my BNB, so far coinmarketcap.comSavant-July 7
1611Hapag-Lloyd, ONE sign on to Maersk blockchain platform TradeLens By Emma CosgrGlenn Petersen-July 7
1610As a friend told me, it remains exciting as long as the bubble doesn't burstjaubin-July 7
1609How far will we go Some say until it displaces Ripple (XRP) since both are conw0z-July 6
1608[graphic]Photo Radio Canada Quant (QNT) $ 11,76 USD Rank 75 How far will we gjaubin-July 6
1607Errorjaubin-July 6
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