Plans for digital currency spark political crisis in Marshall Islands | World news | The Guardian

cryptocurrencies | finance | politics | Research Notes

The only female leader in the Pacific Islands is facing a no-confidence challenge after pushing ahead with the controversial introduction of a digital currency for the Marshall Islands.In February this year President Hilda Heine announced plans to introduce a cryptocurrency to operate as the country’s second legal tender alongside the US dollar, saying her country must not remain idle but “advance into the future”.The cryptocurrency, known as Sovereign or “Sov” was to be issued by an Israeli start-up company, which, according to the International Monetary Fund has “limited financial sector experience”.

Source: Plans for digital currency spark political crisis in Marshall Islands | World news | The Guardian

NYTimes: Alas, the Blockchain Won’t Save Journalism After All

applications | blockchain | critique | opinion | Research Notes

Still, a problem remains: People don’t buy into blockchain applications unless they can make money. There is no evidence that people want to use it to “fix” journalism. There is also no evidence that anyone really understands how that would even work.
For now, Civil is essentially just another media operation with venture capital funding. The money underwriting it, from ConsenSys, remains, you know, regular money. The company uses some blockchain technology underneath the hood, including a plugin for its publishing software. But the technology remains difficult to comprehend, and, for any news consumer’s purpose, irrelevant.

hearing | Hearings | United States Committee on Banking, Housing, and Urban Affairs

cryptocurrencies | law | opinion | papers | politics | Research Notes

THE COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS will meet in OPEN SESSION to conduct a hearing on “Exploring the Cryptocurrency and Blockchain Ecosystem.”  The witnesses will be Dr. Nouriel Roubini, Professor of Economics and International Business, New York University Stern School of Business; and Mr. Peter Van Valkenburgh, Director of Research, Coin Center.All hearings are webcast live and will not be available until the hearing starts. Individuals with disabilities who require an auxiliary aid or service, including closed captioning service for webcast hearings, should contact the committee clerk at 202-224-7391 at least three business days in advance of the hearing date.

Source: hearing | Hearings | United States Committee on Banking, Housing, and Urban Affairs

Quality Magnet Coin

applications | blockchain | copyright | Research Notes

The goal of Quality Magnet Coin QMC for short, is to build a large torrent magnet index that’s impossible to take offline, censor, or block.

The core idea is fairly straightforward. The application uses the blockchain to create a decentralized database of torrent magnet links which doesn’t rely on a hosting service or domain name, making it virtually impossible to take down

Cryptocurrency Startup Creates a Decentralized ‘Pirate Bay’ Alternative

No Gods, No Masters, No Coders? The Future of Sovereignty in a Blockchain World | SpringerLink

anti-censorship | decentralization | governance | papers | Research Notes

The building of the blockchain is predicted to harken the end of the contemporary sovereign order. Some go further to claim that as a powerful decentering technology, blockchain contests the continued functioning of world capitalism. Are such claims merited? In this paper we consider sovereignty and blockchain technology theoretically, posing possible futures for sovereignty in a blockchain world. These possibilities include various forms of individual, popular, technological, corporate, and techno-totalitarian state sovereignty. We identify seven structural tendencies of blockchain technology and give examples as to how these have manifested in the construction of new forms of sovereignty. We conclude that the future of sovereignty in a blockchain world will be articulated in the conjuncture of social struggle and technological agency and we call for a stronger alliance between technologists and democrats.

Source: No Gods, No Masters, No Coders? The Future of Sovereignty in a Blockchain World | SpringerLink

Questioning Centralized Organizations in a Time of Distributed Trust – Marc-David L. Seidel, 2018

decentralization | papers | Research Notes | trust

Imagine meeting a stranger and entering into a trusted economic exchange without needing a third party to vouch for you. What changes in your theoretical perspective in such a world? That model of interaction is what distributed trust technologies such as blockchain bring. I introduce the basic concept of distributed trust, describe some early instances, and highlight how organizational theories need to be updated to no longer rely upon fundamental assumptions about trust which are becoming outdated. Distributed trust fundamentally transforms boundaries of organizations and challenges assumptions about internalizing organizational functions to overcome market trust coordination issues. Implicit assumptions about the legitimacy and power of central network positions no longer ring true. This is very fertile ground for organizations research as the core tenet of the field—what roles and functions should group together within an organization—is being called into question at the most fundamental

Source: Questioning Centralized Organizations in a Time of Distributed Trust – Marc-David L. Seidel, 2018