Battle for the Soul of Bitcoin

November 15th, 2017 by Kara in Case Studies, Essays

  By Adam Bhala Lough   Adam Bhala Lough is the award winning American director and screenwriter of the soon to be released documentary on cryptocurrencies and crypto- anarchists, “The New Radical” (watch excerpt). He writes* here on Bitcoin and the three-way struggle for its soul.   There is a war being waged for the soul of Bitcoin. On the one hand you have those who want to stay true to the roots of Bitcoin. The original programmers who were inspired by the Open Source movement and the Cypherpunk movement. They created Bitcoin with these tenets ...

Bitcoin: To Regulate or not to Regulate?

August 18th, 2017 by Kara in Case Studies

By: Georgette Fernandez Laris Einstein said technology has a tendency to exceed our humanity. In the midst of the cryptocurrency and blockchain technology revolution, regulation becomes increasingly important. Effective ethical regulatory frameworks help us recognize our moral blind-spots as we confront cryptocurrencies and their underlying technological protocols. Introduction & contextualization: what is Bitcoin? The not so distant 2008 global financial crisis (GFC) rekindled questions about the nature of money. Crises provide threshold moments when we doubt institutions we have long taken for granted and trusted. The GFC spurred public interest in money: what ...

More on the Ethics of Bitcoin

March 28th, 2016 by Kara in Case Studies

    By: Seamus Vaughan Lucey Bitcoin is a digital currency that uses encryption techniques to verify the transfer of funds. Bitcoin transactions take place on a peer-to-peer basis and consequently the currency operates independently of third party payment providers as well as government and banking regulation. Transactions using bitcoin are confirmed by a transaction ledger called the blockchain, which makes all transactions using the currency public to those within the bitcoin network. Bitcoins are created via the process of mining, which involves solving complex mathematically equations using powerful computers, the limit of ...

The Ethics of Bitcoin

January 14th, 2016 by Kara in Case Studies, Videos

By Haoqian Chen Bitcoin is quite a phenomenon. This power point video gives a short history of the virtual currency. Some argue Bitcoin is evil. Is it? The video analyzes the ethics of the product and its uses.     As of today, according to Realtime, there are currently 15 million Bitcoins in circulation. At an exchange rate of US$431 to one virtual coin the amount in circulation is worth about US$6.5 trillion. Bitcoin took off in late 2013 and hit a high of roughly US$1100 but the price has trended down although there seems to ...