Sentences with phrase «digital scarcity»
Digital scarcity refers to the limited availability or supply of digital items or assets. It means that certain digital goods, such as cryptocurrencies or virtual items in video games, are intentionally created to be limited in quantity, just like physical objects in the real world. This scarcity increases their value and makes them desirable to people who want to own or trade them. Full definition
«The idea to use blockchain to allow artists to create digital scarcity germinated in mid-2013 when [founders] Trent and Masha [McConaghy] asked «Can you own digital art like you own bitcoin?»»
coindesk.com
The creator (s) of bitcoin are the first to solve the problem of digital scarcity so that transactions on a digital ledger can not be counterfeited or forged.
Satoshi Nakamoto's protocol was one of the first to introduce digital scarcity and soon enough the digital asset will become even harder to obtain.
UNICO creates provable digital scarcity by linking a piece of digital content to a fixed number of access tokens issued on the Ethereum Blockchain.
Cryptocelebrities is this week's Cryptokitties, a smart contract - based trading game which profits from digital scarcity.
Furthermore, bitcoin provides a censorship - resistant store of wealth due to its decentralized nature and has digital scarcity due to its limited supply, turning it into a value gold - like digital asset.
This is a much longer conversation but suffice it to say that blockchain enables digital trust and creates «digital scarcity.»
BRD CMO and Co-founder Aaron Lasher said, «The game isn't over, Digital scarcity is a major innovation in money and value, and we're in the initial stages of a multi-decade trend towards tokenization of assets.»
Van Valkenburgh noted that digital scarcity is a fundamental difference between ICOs and cryptocurrencies such as Bitcoin, Ethereum and Filecoin.
That digital scarcity can then be employed by innovative people for a variety of innovative purposes.
«The game isn't over, Digital scarcity is a major innovation in money and value, and we're in the initial stages of a multi-decade trend towards tokenization of assets.»
Cryptocurrencies like bitcoin are creating what they crave: decentralization, digital scarcity, and native trust — keys to future adoption.
Barry Silbert / coinbase / crypto celebs / Crypto Collectibles / crypto kitties / Decentraland / Digital Scarcity / erc271 / Fungibility / N - Featured / News / nft
Celebrities / cryptocelebrities / CryptoKitties / Digital Scarcity / Ethereum / N - Featured / News / Satoshi Nakamoto / Vitalik Buterin
Amazon / Argentina / Bitcoin / bonds / Boomers / brazil / Cryptocurrency / Decentralization / Digital Scarcity / Facebook / Featured / fundstrat / Gen x / Google / government trust / Greece / housing starts / Instagram / Ireland / Japan / John Templeton / Millennials / N - Featured / prediction / price / S&P 500 / Silent Generation / St Louis Fed / Templeton Fund / tom lee / Uber / uncorrelated alpha / United States / Wall Street
For example, while everyone agrees that the idea of the blockchain is brilliant and a real breakthrough in computer science (digital scarcity was thought to be impossible), there is a lot of disagreement about exactly what blockchains generally and Bitcoin specifically are good for: currency is the most cited application, but things like smart contracts and micro-exchanges are just as (if not more) interesting.