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Let's Debunk Some Recent Myth-Making About Blockchain

Let's Debunk Some Recent Myth-Making About Blockchain
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Simple Answers to Four Questions From Blockchain Skeptics


Simple Answers to Four Questions From Blockchain Skeptics
April 26, 2021 @ 12:30 pm By Lee Schneider
When you work in the blockchain and cryptoasset space for a while, you hear four particular questions asked over and over by people new to the space and particularly by skeptical people.  These are good and important questions and they deserve simple, straightforward answers, so let’s get to it.
What problem does it solve? 
This question is sometimes asked as a challenge and sometimes an attempt to understand why it is useful.  In either case, blockchain is useful because it solves the problem of
digital integrity. It may not be the only solution to that problem but it is becoming the most widely adopted one. ....

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A Conundrum of NFTs: Five Things About NFTs That May Surprise You


A Conundrum of NFTs: Five Things About NFTs That May Surprise You
A murder of crows.  A pride of lions. A school of fish. 
A conundrum of NFTs.  At least that’s how it feels when faced with the ever-growing craze for non-fungible tokens.  Here are five things about NFTs that may surprise you.
They’re just another type of blockchain token.
As with anything tokenized on blockchain, it is the functions and features of the NFT that determine what it is, as well as its legal and regulatory classification.  In this respect, there is no difference between fungible and non-fungible tokens.  They are both a form of digital representation of an asset or item on a blockchain database.  As such, an understanding of the rights and entitlements inherent in the token, including those programmed into the blockchain and smart contract as well as any associated written terms and conditions, is necessary to properly classify it.  This is true regardless of its fungible o ....

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The Under-Appreciated Significance of Coinbase Going Public


The Under-Appreciated Significance of Coinbase Going Public
Once the
Coinbase registration statement becomes effective and Coinbase shares trade publicly, a sea change will have occurred in the US without most people recognizing it.  Part of that unacknowledged difference will be the broader awareness of blockchain and cryptoasset trading it brings. It is both novel and important to have a public company dedicated to the emerging technology and the markets it creates.  It is cool that Coinbase founders, employees, and early investors will get rewarded for seeing the future before the rest of the world.  No doubt the event augers well for other blockchain and cryptoasset companies going public.  Oh, and Coinbase is doing it by direct listing, rather than an old-fashioned underwritten offering or new-fangled SPAC. ....

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