Moving Beyond BINO Beta

Last week I participated in a couple panels at the inaugural CAIA-SKBI Cryptocurrency Conference 2014 hosted at Singapore Management University.

Below are the slides of the presentation I did at a closed-door session on November 5th.  Citations and references can be found in the notes of each slide.

Abstract:

With nearly six years of empirical data and use-cases behind the Nakamoto consensus method the community has observed that a cryptocurrency economy behaves differently than originally envisioned and intended.  What has arisen from these half-a-decade of physical interactions is a nearly complete rollback of the primary attributes embodied within the first of these Nakamoto consensus protocols, Bitcoin – to the point where it may best to refer to it as Bitcoin-in-name-only (BINO).  Consequently there are two other challenges within this existing BINO framework: (1) the diametrically opposed forces of speculative demand versus transactional demand; (2) decoupling coins from the ledger altogether.  This presentation discusses several proposed solutions to the challenges currently being devised by a multitude of teams.

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