Sentences with phrase «work as a medium of exchange»

BitCrystals were designed to purchase new card decks and game items while working as the medium of exchange within the game - play.

Following Warren Buffet comments, analysts have again started raising questions over the digital currencies potential to work as the medium of exchange.

Bitcoin is a cryptocurrency, a digital asset designed to work as a medium of exchange that uses cryptography to control its creation and management, rather than relying on central authorities.

BitCrystals were designed to purchase new card decks and game items while working as the medium of exchange within the game - play.

Any cryptocurrency that does not have KYC identification of users will not work as a medium of exchange in the world of commerce.

Not exact matches

But in an interesting twist, a developer who was hired by Reddit to work on the idea of a «crypto - currency» — a form of Bitcoin that users could receive in exchange for contributing content, or as a way of distributing some of the shares that were issued in the site's fundraising round — said in a post on Medium that he was working on a plan to de-centralize Reddit in just this way before he was let go.

His 1875 work, «Money and the Mechanism of Exchange,» defines the four functions of a currency: as a medium of exchange, a measure of value (or unit of account), a standard of deferred payment, and a store oExchange,» defines the four functions of a currency: as a medium of exchange, a measure of value (or unit of account), a standard of deferred payment, and a store oexchange, a measure of value (or unit of account), a standard of deferred payment, and a store of value.

Mateo's sculptural work makes use language as a tool of narrative and of absurd abstraction, shifting in scale, and exchanging mediums in an attempt find a means a performative production.

In his work in various mediums, as Tom Williams wrote in A.i.A. in 2011, «he gives form to a complex exchange between art and racial politics, which the respective histories of these fields so often ignore.»

His latest show at Matthew Marks Gallery presented works that all pointed, to some extent, to the subject of time, not only suggesting art's connection to «currency» as a value and medium of exchange, but also to how art objects transition from a marker of «the now» to an antique collectible.

Having said that, it still makes sense to make improvements to make sure bitcoin also works well as a medium of exchange.

His central thesis relies on the basic premise of ANY medium of exchange: it only works as long as people will accept it for goods and services.

The cryptocurrency work as medium of digital exchange using cryptography to secure the transactions.