31 December, 2017

A Letter to Jamie Dimon – Chain


A Letter to Jamie Dimon – Chain: "there’s a lot of noise. But there is also signal. To find it, we need to start by defining cryptocurrency [ie bitcoin or other blockchain currencies].

Without a working definition we are lost.



Most people arguing about cryptocurrencies are talking past each other because they don’t stop to ask the other side what they think cryptocurrencies are for.

Here’s my definition: cryptocurrencies are a new asset class that enable decentralized applications. 



 If this is true, your point of view on cryptocurrencies has very little to do with what you think about them in comparison to traditional currencies or securities, and everything to do with your opinion of decentralized applications and their value relative to current software models."



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