Article: The Node: Regulating Intermediaries in a DeFi World

Blockchain, Decentralized Internet, Governance, Money

The Node: Regulating Intermediaries in a DeFi World

The pace of innovation in crypto is difficult for regulators to keep up with, especially considering that, until now, there hasn’t been a proactive, cohesive, industry-wide attempt to manage the industry. Despite operating under a hodgepodge of rules, frameworks and recommendations, crypto has ballooned. And regulatory attention with it.

“The existing framework is simply inapplicable to a system predicated on the absence of intermediaries,” Director of the Blockchain Association Kristin Smith said in an interview following her Consensus 2021 appearance. This is an important point: Decentralized tools exist as the antithesis of a financial system where trusted custodians are needed to manage one’s money.

Article: Local-First Cooperation

Cloud, Crypto, Decentralized Internet, Hardware, Open Source, Software

Local-First Cooperation

Viewing the world from the bottom up, local-first cooperation points out ways in which we can make our software more resilient, give prompt responses to the end users, and at the same time run it on existing resources — leading to less infrastructure cost and waste. We get these benefits by recognizing that inherently localized processes are best dealt with in a purely local manner, without involving centralized services or long-range communication paths. All we need to do is to make full use of the edge devices that people already hold in their hands, utilizing the compute and storage available.

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Article: The Node: Bitcoin Is ‘Armageddon Insurance’?

Crypto

The Node: Bitcoin Is ‘Armageddon Insurance’?

Governments plugged into the fiat-based, global financial system are unlikely to reap any of the uncensorable benefits bitcoin provides. And while bitcoin is a comparatively cheap way to move large amounts of capital, Angel thinks governments have gotten hip to the “technological revolution” and will have their own stablecoin-like central bank digital currencies (CBDCs) online soon.

But what of the digital gold narrative? Of course no government would hold bitcoin to transact with – no, people do that!

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Article: The Node: COVID-19 and the Need for Web 3.0

Web 3.0

The Node: COVID-19 and the Need for Web 3.0

One year ago, exactly, the World Health Organization declared COVID-19 to be a pandemic. Throughout the following 12 months of misery, misinformation and great societal change, the cryptocurrency industry has emerged to be fairly robust. The core stricture of decentralization – of money, of governance and of information – has been thoroughly vetted and found useful, if not, correct.

Societal change has been both small- and large-scale, from the acceleration of e-commerce and work from home to the loss of trust in experts and institutions. As we continue to adapt to this new world, whether permanent or temporary, crypto will play an increasingly important role.

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