Discover and read the best of Twitter Threads about #Proof_of_work
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Thanks to colleagues at LBS for the opportunity to take stock of the decentralisation agenda in digital finance, from #bitcoin to #DeFi
A thread on the key points:
bis.org/speeches/sp211…
A thread on the key points:
bis.org/speeches/sp211…
Blockchain has breathed new life into the idea of money as a substitute for a ledger that keeps score of who owes what to whom
"Money is memory" according to the classic 1998 by Narayana Kocherlakota
minneapolisfed.org/research/sr/sr…
"Money is memory" according to the classic 1998 by Narayana Kocherlakota
minneapolisfed.org/research/sr/sr…
#DeFi, or decentralised finance, is the latest manifestation of this idea where the ledger is much more elaborate than simply keeping score of who pays whom
