Everything you can imagine is real. RSS

An eclectic collection of things I'm reading, looking at or thinking about.

A stream of consciousness companion to the Park Paradigm.

Archive

Apr
3rd
Wed
permalink
In the very early days of the world wide web, there were attempts to build a payments tag deep into the very architecture of HTML web pages. Those attempts failed, killed by a financial-services industry very suspicious of anything new. And as a result, the web has evolved along an advertising model, where instead of users paying for content, we have advertisers paying for users. But a universal payments system with no friction or interchange costs could change that model dramatically. And it would certainly help to level the playing field – for good and for bad – between skilled service-sector workers in countries like India and Russia and China, on the one hand, and their counterparts in countries like Germany, Japan, and the US, on the other.

The Bitcoin Bubble and the Future of Currency — Money & Banking — Medium

Must read. One of @felixsalmon’s very best. HT @tek_fin

  1. parkparadigm posted this
blog comments powered by Disqus