Tag: Paradox

The paradox of utility and market value

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There has been a very interesting mystery that has been occurring for many years. It’s known as the paradox of value or the water-diamond paradox. Many economists and philosophers have tried to figure it out without much success. The main idea behind this is the contradiction that although water is essential for survival, its price in the market is much lower compared to the price of diamonds. We all know that diamonds don’t have much practical use in our everyday life, especially compared to water.  The concept of utility is…

Solana to Replace Ethereum in Blockchain Gaming, Paradox Studios Founder Says

Compared to Ethereum’s Solidity language when developing play-to-earn (P2E) games, the ease of use of Solana’s building language- Rust will give Solana a competitive edge, according to AmioTalio- the founder of UK-based animation and game development platform Paradox Studios. With blockchain gaming continuously accelerating the metaverse narrative, AmioTalio believes that the huge funding that Solana is offering developers is intended to woo them from the Ethereum network, and it is starting to take shape. He pointed out: “Solana will leave Ethereum in the dust this year when it comes…

John Mac Ghlionn: The Bitcoin Paradox

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“There’s none so blind as those who will not listen.” – Neil Gaiman, “American Gods” In a recent piece for Coin Geek titled “The BTC bubble will pop soon,” the journalist Patrick Thompson writes: “the digital currency market bubble is coming to an end; some believe that the markets have one pump left before a major decline, but regardless, the end is near.” J. Mac Ghlionn is a performance specialist currently based in Asia. He is obsessed with all things crypto, from amnesia to currencies. You heard it here, folks.…

The Blockchain Paradox: Decentralization Through Centralized Institutions

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The power of blockchain technology to decentralize control of our financial economy is well documented. It is one of the cornerstones of the origins of the technology, with the genesis block of Satoshi Nakamoto’s Bitcoin (BTC) containing a reference to the 2008–2009 financial crisis: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.” The message, although never explicitly outlined by Bitcoin’s creator, is from the headline of a London Times article dated Jan. 3, 2009 that details banks being bailed out by the British government. Bitcoin, according to…

The Paradox of Cryptocurrencies in China

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Next month marks the fifth-anniversary of the People Bank of China (PBoC)’s very first crypto regulatory intervention, with the issuance of its ‘Notice on Precautions Against the Risks of Bitcoin’ in Dec. 2013. Over the years, the Chinese authorities have cemented an increasingly hardline stance, as their perception of the financial risks posed by crypto has hardened. Their action has spanned the notorious criminalization of initial coin offerings (ICOs) in Sept. 2017, followed by a series of stark measures that target crypto trading platforms, third-party crypto payment channels, social media…