Download or read book Philosophy of Digital Currencies written by Ugochukwu Chigoziem Ikpeazu and published by Taylor & Francis. This book was released on 2023-02-23 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: Current systems are failing the poor because these systems are unable to provide the financial inclusion needed for basic subsistence and commerce, which in turn would drive micro- and macro-economic growth. This book introduces the reader to a new way of thinking about how value can be created, captured, measured, and understood, economically and financially, and within the context of social contracts. It underscores the need to revisit such models through technological advancements, namely, Industrial Revolution 4.0, in order to solve pressing global issues such as economic inclusion and poverty eradication. The book proposes that for humanity to make the leap forward and for any real sustainable development to occur, the world needs a disruptive approach to value creation using currency systems, considering that currencies underpin value exchange. This disruption will result in a level of decentralization that facilitates peer-to-peer value exchange and drives financial inclusion, all of which should be underscored by a new, digital social contract. The author asserts that a time-based digital currency could address these issues by creating a new and truly inclusive currency model that allows economies to gain more value than previously possible. In addition, by leveraging 4IR technologies, a currency system can be designed where each unit of money accurately reflects the context and range of socio-economic factors that influence each human interaction. This book is aimed at futurists, technologists, researchers, policymakers, and anyone that is curious about how technology could make a difference in our collective futures. It cuts across a range of subject areas from economics, finance, philosophy, innovation to social development and takes an interdisciplinary approach to present a logical framework and theoretical foundation for the monetization of time as a digital currency.
Download or read book Philosophy of Digital Currencies written by Ugochukwu Chigoziem Ikpeazu and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Current systems are failing the poor because these systems are unable to provide the financial inclusion needed for basic subsistence and commerce, which in turn would drive micro and macro-economic growth. This book introduces the reader to a new way of thinking about how value can be created, captured, measured and understood, economically and financially, and within in the context of social contract. It underscores the need to revisit such models through technological advancements, namely Industrial Revolution 4.0, in order to solve pressing global issues like economic inclusion and poverty eradication. The book proposes that for humanity to make the leap forward and for any real sustainable development to occur, the world needs a disruptive approach to value creation using currency systems, considering that currencies underpin value exchange. This disruption will result in a level of decentralization that facilitates peer-to-peer value exchange and drives financial inclusion, all of which should be underscored by a new, digital social contract. The author asserts that a time-based digital currency could address these issues by creating a new and truly inclusive currency model that allows economies to gain more value than previously possible. In addition, by leveraging 4IR technologies, a currency system can be designed where each unit of money accurately reflects the context and range of socio-economic factors that influence each human interaction. This book is aimed at futurists, technologists, researchers, policymakers, and anyone that is curious about how technology could make a difference in our collective futures. It cuts across a range of subject areas from economics, finance, philosophy, innovation to social development and takes an interdisciplinary approach to present a logical framework and theoretical foundation for the monetization of time as a digital currency"--
Download or read book Philosophy of Digital Currencies written by Ugochukwu Chigoziem Ikpeazu and published by Taylor & Francis. This book was released on 2023-02-23 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: Current systems are failing the poor because these systems are unable to provide the financial inclusion needed for basic subsistence and commerce, which in turn would drive micro- and macro-economic growth. This book introduces the reader to a new way of thinking about how value can be created, captured, measured, and understood, economically and financially, and within the context of social contracts. It underscores the need to revisit such models through technological advancements, namely, Industrial Revolution 4.0, in order to solve pressing global issues such as economic inclusion and poverty eradication. The book proposes that for humanity to make the leap forward and for any real sustainable development to occur, the world needs a disruptive approach to value creation using currency systems, considering that currencies underpin value exchange. This disruption will result in a level of decentralization that facilitates peer-to-peer value exchange and drives financial inclusion, all of which should be underscored by a new, digital social contract. The author asserts that a time-based digital currency could address these issues by creating a new and truly inclusive currency model that allows economies to gain more value than previously possible. In addition, by leveraging 4IR technologies, a currency system can be designed where each unit of money accurately reflects the context and range of socio-economic factors that influence each human interaction. This book is aimed at futurists, technologists, researchers, policymakers, and anyone that is curious about how technology could make a difference in our collective futures. It cuts across a range of subject areas from economics, finance, philosophy, innovation to social development and takes an interdisciplinary approach to present a logical framework and theoretical foundation for the monetization of time as a digital currency.
Download or read book Proof of Stake written by Vitalik Buterin and published by Seven Stories Press. This book was released on 2022-09-27 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: The new book from one of TIME's 2021 most influential people Author was in Forbes 30 Under 30 Hall of Fame "A crucial contribution to development of a new technology that will impact all of our lives.” –Laura Shin, host of the Unchained podcast and author of The Cryptopians: Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze “Vitalik Buterin is one of the most influential creators of our generation....Like most of his work, it is sure to become a must-read.”–Camila Russo, author of The Infinite Machine, founder of The Defiant The ideas behind Ethereum in the words of its founder, describing a radical vision for more than a digital currency—reinventing organizations, economics, and democracy itself in the age of the internet. When he was only nineteen years old, in late 2013, Vitalik Buterin published a visionary paper outlining the ideas behind what would become Ethereum. He proposed to take what Bitcoin did for currency—replace government and corporate power with power shared among users—and apply it to everyday apps, organizations, and society as a whole. Now, less than a decade later, Ethereum is the second-most-valuable cryptocurrency and serves as the foundation for the weird new world of NFT artworks, virtual real estate in the metaverse, and decentralized autonomous organizations. The essays in Proof of Stake have guided Ethereum’s community of radicals and builders. Here for the first time they are collected from across the internet for new readers. They reveal Buterin as a lively, creative thinker, relentlessly curious and adventuresome in exploring the consequences of his invention. His writing stands in contrast to the hype that so often accompanies crypto in the public imagination. He presents it instead as a fascinating set of social, economic, and political possibilities, opening a window into a conversation that far more of us could be having. Media scholar Nathan Schneider provides introductions and notes.
Download or read book Resistance Money written by Andrew M. Bailey and published by Taylor & Francis. This book was released on 2024-06-14 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bitcoin isn’t just for criminals, speculators, or wealthy Silicon Valley entrepreneurs – despite what the headlines say. In an imperfect world of rampant inflation, creeping authoritarianism, surveillance, censorship, and financial exclusion, bitcoin empowers individuals to elude the expanding reach and tightening grip of institutions both public and private. So although bitcoin is money, it isn’t just money. Bitcoin is resistance money. Resistance Money: A Philosophical Case for Bitcoin begins by explaining why bitcoin was invented, how it works, and where it fits among other kinds of money. The authors then offer a framework for evaluating bitcoin from a global perspective and use it to examine bitcoin’s monetary policy, censorship-resistance, privacy, inclusion, and energy use. The book develops a comprehensive and measured case that bitcoin is a net benefit to the world, despite its imperfections. Resistance Money is intended for all, from the clueless to the specialist, from the proponent to the die-hard skeptic, and everyone in between. Key Features: Provides a philosophical approach that makes use of multiple disciplines in its analysis Offers a clearly written, measured academic treatment of bitcoin, comprehensive in scope and free of ideological baggage Includes information on the financial, social, and environmental costs of bitcoin, how these costs are sometimes exaggerated, and how they might be mitigated Addresses the strongest arguments against bitcoin and shows how some succeed and most come up short.
Download or read book Blockchain and Crypto Currency written by Makoto Yano and published by Springer Nature. This book was released on 2020-04-15 with total page 151 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book contributes to the creation of a cyber ecosystem supported by blockchain technology in which technology and people can coexist in harmony. Blockchains have shown that trusted records, or ledgers, of permanent data can be stored on the Internet in a decentralized manner. The decentralization of the recording process is expected to significantly economize the cost of transactions. Creating a ledger on data, a blockchain makes it possible to designate the owner of each piece of data, to trade data pieces, and to market them. This book examines the formation of markets for various types of data from the theory of market quality proposed and developed by M. Yano. Blockchains are expected to give data itself the status of a new production factor. Bringing ownership of data to the hands of data producers, blockchains can reduce the possibility of information leakage, enhance the sharing and use of IoT data, and prevent data monopoly and misuse. The industry will have a bright future as soon as better technology is developed and when a healthy infrastructure is created to support the blockchain market.
Download or read book Philosophy of Money written by Dr Maxwell Shimba and published by Independently Published. This book was released on 2024-06-07 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Title: The Philosophy of Money Author: Dr. Maxwell Shimba Unlock the Profound Insights of Money's Influence on Society and Individual Lives In "The Philosophy of Money," Dr. Maxwell Shimba delves deep into the intricate and multifaceted world of money, exploring its origins, evolution, and profound impact on both individual lives and society at large. This comprehensive work provides readers with a nuanced understanding of the philosophical dimensions of money, tracing its journey from ancient barter systems to modern digital currencies. **Key Themes Explored: ** 1. Historical Evolution: Discover the fascinating history of money, from the early days of commodity money to the rise of fiat currencies and the advent of digital money. 2. The Nature of Value: Examine the complex interplay between intrinsic and extrinsic value, and how perceptions of value shape our economic systems and personal lives. 3. **Economic Systems and Money**: Understand how different economic systems, from capitalism to socialism, interact with and are influenced by money. 4. Ethical Dimensions: Explore the ethical implications of money, including wealth inequality, poverty, and the moral responsibilities associated with financial power. 5. Psychological Impact: Investigate how money affects human behavior, motivations, and mental well-being, shaping our identities and life choices. 6. **Cultural Perspectives**: Learn about the diverse cultural perceptions of money and how these beliefs influence financial practices around the world. 7. **Technological Advancements**: Delve into the impact of technological innovations on money, including the rise of cryptocurrencies and digital banking. 8. Existential Questions: Reflect on the existential themes related to money, such as its role in defining purpose, meaning, and fulfillment in life. 9. Challenges and Criticisms: Examine the potential pitfalls of fiat money, including inflation, government mismanagement, and ethical concerns. 10. Future of Money: Consider the future prospects of money in a rapidly changing world, and how sustainable and inclusive financial practices can shape a better economic future. Why Read This Book? Dr. Maxwell Shimba's "The Philosophy of Money" is a thought-provoking exploration that goes beyond traditional economic analysis, offering readers a profound and comprehensive understanding of money's role in shaping our world. Whether you are an economist, a student, or simply curious about the deeper implications of money, this book provides invaluable insights and stimulates critical thinking about one of the most influential forces in human history. Embrace this journey through the philosophy of money and gain a richer perspective on how financial systems influence our lives, our societies, and our futures.
Download or read book Digital Cash written by Finn Brunton and published by Princeton University Press. This book was released on 2020-10-13 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fascinating untold story of digital cash and its creators—from experiments in the 1970s to the mania over Bitcoin and other cryptocurrencies Bitcoin may appear to be a revolutionary form of digital cash without precedent or prehistory. In fact, it is only the best-known recent experiment in a long line of similar efforts going back to the 1970s. But the story behind cryptocurrencies like Bitcoin and its blockchain technology has largely been untold—until now. In Digital Cash, Finn Brunton reveals how technological utopians and political radicals created experimental money to bring about their visions of the future: to protect privacy, bring down governments, prepare for apocalypse, or launch a civilization of innovation and abundance that would make its creators immortal. Filled with marvelous characters, stories, and ideas, Digital Cash is an engaging and accessible account of the strange origins and remarkable technologies behind today's cryptocurrency explosion.
Download or read book Cryptocommunism written by Mark Alizart and published by Polity. This book was released on 2020-10-05 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cryptocurrencies are often associated with right-wing political movements, or even with the alt-right. They are the preserve of libertarians and fans of Ayn Rand and Friedrich Hayek. With their promotion of anonymity and individualism, there’s no doubt that they seamlessly slot into the prevailing anti-State ideology. But in this book Mark Alizart argues that the significance of cryptocurrencies goes well beyond cryptoanarchism. In so far as they allow us ‘to appropriate collectively the means of monetary production’, to paraphrase Marx, and to replace ‘the government of persons by the administration of things’, as Engels advocated, they form the basis for a political regime that begins to look like a communism which has at last come to fruition – a cryptocommunism.
Download or read book Above All Waves Wisdom from Tominaga Nakamoto the Philosopher Rumored to Have Inspired Bitcoin written by Paul Chan and published by . This book was released on 2022-10-31 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: How an 18th-century maverick philosopher anticipated cryptocurrency: the first English collection of aphorisms from Tominaga Nakamoto This book introduces English readers to the life and ideas of Tominaga Nakamoto (1715-46), an 18th-century maverick Japanese philosopher who is rumored to have been an inspiration for the inventor of Bitcoin, known only by the pseudonym Satoshi Nakamoto. In January 2009, Satoshi released Bitcoin, a decentralized digital cash currency that allows anyone to use and develop its software. The rest is history. The identity of Satoshi remains a mystery to this day. But rumors during the early days of Bitcoin suggest Satoshi was inspired in part by Tominaga Nakamoto, an obscure and largely forgotten "merchant" philosopher from the Edo period in Japan. Tominaga's philosophical and aesthetic ideas are radical even by today's standards. And it is not hard to see how his most vital insights--the need to decentralize authority among them--echo in how Bitcoin functions as a cryptocurrency. Newly translated by the noted translator Yuzo Sakuramoto, Above All Wavesdistills Tominaga's most audacious writings into a set of quotes and passages that captures the forwarding-thinking quality of his thought. A critical introduction by Paul Chan tells the story of Tominaga's remarkable life and speculates on the rumored relationship between Satoshi and Tominaga, as well as how Tominaga's outlook may have influenced how Bitcoin exists as a technology and cultural phenomenon. Artwork by Chan captures the spirit of Tominaga's world and recasts the philosopher in compositions that express his enduring influence.
Download or read book The Politics of Bitcoin written by David Golumbia and published by U of Minnesota Press. This book was released on 2016-09-26 with total page 107 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since its introduction in 2009, Bitcoin has been widely promoted as a digital currency that will revolutionize everything from online commerce to the nation-state. Yet supporters of Bitcoin and its blockchain technology subscribe to a form of cyberlibertarianism that depends to a surprising extent on far-right political thought. The Politics of Bitcoin exposes how much of the economic and political thought on which this cryptocurrency is based emerges from ideas that travel the gamut, from Milton Friedman, F.A. Hayek, and Ludwig von Mises to Federal Reserve conspiracy theorists. Forerunners: Ideas First is a thought-in-process series of breakthrough digital publications. Written between fresh ideas and finished books, Forerunners draws on scholarly work initiated in notable blogs, social media, conference plenaries, journal articles, and the synergy of academic exchange. This is gray literature publishing: where intense thinking, change, and speculation take place in scholarship.
Download or read book Digital Currency Assets and Challenges to Financial System Stability written by Balogun, Adekunle Alexander and published by IGI Global. This book was released on 2024-01-10 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: In today's rapidly changing financial landscape, a formidable challenge looms large—digital currencies. The surge in popularity of virtual currencies has sparked a global debate, captivating the attention of investors, regulators, and scholars alike. However, a pressing concern persists amidst this digital revolution: the potential for unregulated digital currencies to facilitate the laundering of illicit funds, ranging from organized crime profits to terrorism financing and government corruption. This growing threat not only jeopardizes the integrity of our financial systems but also disrupts the socioeconomic and political order as we know it. Digital Currency Assets and Their Impact on Financial System Stability is the key to unlocking a profound understanding of the challenges posed by digital currencies and, more importantly, discovering intelligent solutions to safeguard our financial ecosystem. With meticulous research and expert insights, this book embarks on a comprehensive exploration of digital currencies' structure, potential disruptions, and capacity to reshape the financial landscape. Is it the primary objective? To provide a platform for scholars, investors, regulators, and researchers to delve into the risks, dangers, and threats stemming from unregulated digital currencies and to propose innovative strategies for mitigating these challenges.
Download or read book The Cryptocurrency Phenomenon written by Gianni Nicolini and published by Taylor & Francis. This book was released on 2023-08-16 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive analysis of the cryptocurrency phenomenon from a financial/monetary point of view. It offers a unique slant in at least two ways, with the financial perspective as the reference point. An examination of the technicalities surrounding blockchain and the mining of cryptocurrencies is included, but the reading is oriented to those who seek to better understand how these technical issues help to explain the functioning and the potential of cryptocurrencies, without touching on coding aspects. Moreover, the book addresses cryptocurrencies as an evolution of the concept of money, and it frames the analysis to give readers all the knowledge needed to connect the cryptocurrency phenomenon with traditional monetary theories. In so doing, cryptocurrencies are not considered as a completely disconnected trend, set apart from traditional financial systems, but as innovations that will push the concept of money forward, without dismantling previous foundations. The book also includes a discussion on central banks, and stresses how their initial diffidence toward cryptocurrencies has turned into a more active approach that includes projects to develop the so-called Central Bank Digital Currencies (CBDC), thereby completing the analysis of the state of the art of the cryptocurrency surge. The mix of theoretical content on the concept of money, the description of payment tools and the functioning of the payment industry, and the analysis of blockchain and the cryptocurrency markets makes the book interesting reading for researchers, scholars and students of economics, finance, or business, enabling them to develop the ability to understand the dynamics of the cryptocurrency phenomenon and its possible evolution.
Download or read book Digital Currencies and Public Law written by Andrew Dahdal and published by Taylor & Francis. This book was released on 2024-09-30 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book supports the deeper engagement of public lawyers in digital currency developments which threaten dramatic changes in the relationship between individuals and government authorities. No contemporary issue is more widely acknowledged and less understood than that of digital currencies. The voice of constitutional scholars, however, is crucially missing from prevailing digital money discourses. Private law scholars are grappling with the legal questions raised by digital currency models in property and contract. Public law scholars, by contrast, have yet to appreciate the significance of the moment. The challenge of understanding the technical dimensions of digital money innovations has obscured the potential constitutional revolution digital currencies represent. This book proceeds from the proposition that ‘money’ is best conceived as a constitutional phenomenon. When seen as such, it becomes clear that changes in the nature of money represent changes in political and constitutional arrangements. Explaining how, and in what ways, those changes will take place is the primary focus of this book. Through an examination of historical episodes where the nature of money has been linked to renewed constitutional settlements, this book distils a core set of principles linking aspects of monetary innovation such as technical control of the money supply to constitutional positions such as executive fiscal accountability. From these principles, a conceptual framework is proposed that translates the specific attributes of digital currency proposals into the language of constitutional dynamics. The book will be of interest to students, academics and practitioners with an interest in the law of digital currencies, constitutional law and politics.
Download or read book Understanding cryptocurrency fraud written by Shaen Corbet and published by Walter de Gruyter GmbH & Co KG. This book was released on 2021-12-06 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook focuses on the key issues that continue to hinder the formal development of cryptocurrencies as a mainstream financial asset. It primarily examines reputationally damaging events, particularly those related to illicit behavior. The goal of the handbook is to determine whether some of these events could be mitigated by improved or at least coordinated international regulation. The handbook will be useful for specialist technical audiences such as legal, accounting and financial practices. It will also be beneficial for upper level masters and research students in economics, law, accounting, taxation, investment and portfolio management.
Download or read book The Economics of Cryptocurrencies and Digital Money written by Augusto Schianchi and published by Palgrave Macmillan. This book was released on 2023-11-10 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cryptocurrencies, stablecoins and central bank digital currency open uncharted territory for the nascent economics of new digital money. This Pivot addresses the foundations of the monetary problem raised by Bitcoin and followers, starting with the game theory of Proof-of-Work as rent-seeking contest and a lively account of the different ways of trust that blockchain solutions and monetary institutions are meant to face. In so doing, the authors introduce the relevance of safe assets under the light of the principle of “no questions asked” that characterizes the monetary problem of the 2020s. Principles for regulation emerge in the perspective in which private issuers of digital coins are essentially issuers of demand deposits, and therefore bank-like entities. The potential role of central bank digital currency in the future monetary system is thoroughly discussed. Students and researchers in economics and finance, professionals and sophisticated readers may consider this book an essential guide to the challenging new dimensions of digital money.
Download or read book Understanding Money written by Aditya Nain and published by Taylor & Francis. This book was released on 2021-07-29 with total page 139 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a novel understanding of money by moving away from the dominant lens of economics through which it is usually seen. In contrast to the economic frameworks of "money", the volume examines philosophical discourses on money through conceptual frameworks that explain how monetary value manifests in various empirical monetary systems. It showcases how the increasingly abstract nature of the objects that stand proxy for money could be conceptualized ontologically, highlighting the predominance of digital money today, as well as contemporary monetary innovations such as cryptocurrencies like Bitcoin. Provocative, yet grounded in a sound theoretical framework, this book will be of interest to scholars, students, and teachers interested in money or monetary value, across various domains and disciplines such as philosophy, economics, sociology, anthropology, finance, science, and technology studies, as well as the interested general reader.
