Article: DeFi Will Decentralize the Enterprise

Blockchain, Decentralized Internet, Web 3.0

DeFi Will Decentralize the Enterprise

The real innovation of decentralized finance (DeFi) is decentralization, not finance, our columnist says.

DeFi and enterprise have a lot to learn from each other. The most important thing enterprises can learn from DeFi is how to use public permissionless blockchain technology to become more technically and economically decentralized to enable much greater fairness and inclusion in economic activity. For example, corporations can employ public blockchain technology for shareholder voting and limit the role of the board of directors to guardians rather than often conflicted intermediaries. Corporations can further enable shareholders to delegate votes to other stakeholders in the society and thus alleviate the externalities and ill effects of shareholder capitalism.

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Article: LBRY Cryptocurrency Prosecution Shows SEC’s Misplaced Priorities

Blockchain, Crypto, Media

LBRY Cryptocurrency Prosecution Shows SEC’s Misplaced Priorities

The SEC remained mostly silent during the ICO boom but then flooded alt-coin founders with a tsunami of subpoenas beginning in 2018. To be sure, some ICOs were scams and deserved prosecution, but others were and are legitimate companies building out viable networks and providing value to purchasers and consumers.

LBRY, Inc. is one such company. It promotes an “open, free, and fair network for digital content” and boasts 10 million users. Someday it could rival YouTube, Amazon, and other video content providers. But first it risks bankruptcy in a legal fight with the government for violations that lack victims.

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Article: Government Ban on Bitcoin Would Be ‘Foolish’: SEC’s Hester Peirce

Crypto, Governance

Government Ban on Bitcoin Would Be 'Foolish': SEC's Hester Peirce - Decrypt  - FlipboardGovernment Ban on Bitcoin Would Be ‘Foolish’: SEC’s Hester Peirce

“I think we were past that point [of banning Bitcoin in the US] very early on because you’d have to shut down the internet,” Peirce said. “I don’t see how you could ban it. You could certainly make the effort. It would be very hard to stop people from doing it [trading Bitcoin],” she said. “So I think it would be a foolish thing for the government to try to do that.”

Though, as Peirce said, in reality this would be very difficult: technology will likely outpace the government’s attempts to limit Bitcoin use, since people will always be able to download Bitcoin wallet software, run a node, and make transactions as long as they have access to the internet. What may be more likely, in the short to medium term, are clearer Bitcoin regulations.

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Article: The chicken or the egg: Why NFTs could be fungible after all

Crypto

The chicken or the egg: Why NFTs could be fungible after allThe chicken or the egg: Why NFTs could be fungible after all

Among the many offshoots produced as a bi-product of the ongoing cryptocurrency experiment, nonfungible tokens have turned out to be one of the most explosive. In a few short months, over half a billion dollars worth of NFTs changed hands, as celebrities (from lists A to Z) clamored to profit from crypto’s latest craze.

But amid the rush to jump on the bandwagon, few have stopped to consider the veracity of the terminology applied to NFTs. After all, why would you stop to ponder semantics when there are millions of dollars to be made at the click of a button?

But in lieu of said millions, we decided to ask the question: Are nonfungible tokens actually a little bit fungible after all?

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Article: DeFi – CeFi Convergence & ‘Explosive’ Growth Are Coming – BIS Summit Panel

Blockchain, Innovation

DeFi - CeFi Convergence & 'Explosive' Growth Are Coming - BIS Summit Panel 101DeFi – CeFi Convergence & ‘Explosive’ Growth Are Coming – BIS Summit Panel

Decentralized finance (DeFi) and centralized finance (CeFi) are heading towards convergence as we are entering a period of rapid development for DeFi applications worldwide, according to the participants of a panel discussion at this year’s BIS Innovation Summit, an event hosted by the Bank for International Settlements (BIS).

The panel, entitled ‘CeFi to DeFi: can global finance be de/re-constructed?’, featured a mix of private and public sector participants who voiced their ideas and concerns related to how the opportunities and risks inherent to DeFi could transform the global financial landscape.

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