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Putting an End to the Bitcoin Store of Value Fallacy

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Over the last few years, many have claimed that bitcoin core (BTC) has turned into, or will soon become, a store of value (SoV). Proponents of the BTC-based SoV theory seem to think that money can somehow store value and if it’s held long enough, the price will be higher or predictably useful when spent at a later date. This is an economic fallacy however because money cannot store value and, as innovative as bitcoin is, it will never be immune to market influences.

Also Read: Memo Is a Decentralized Social Network Built on Bitcoin Cash  Read more...

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Bitcoin Magazine’s Week in Review: Putting Blockchain Tech on the Map

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Week in Review

The Lightning Network continues to make news and Bitcoin Magazine’s latest cover story looks at what the future might hold for the innovative technology. Also new this week, BTC Media’s highly anticipated 2018 “Map of the Blockchain/Crypto Ecosystem” was also unveiled. It’s full of creative visual treats highlighting the state of the sector and its explosive growth.

Developing interest and commitment to blockchain technology is also continuing to grow around the world. In the Middle East, the Mobility Open Blockchain Initiative (MOBI) was announced at the Dubai-hosted Futures Blockchain Summit with a focus on transportation. Saudi Arabia is making headway on adopting blockchain technology for supply chain management in the oil and gas sector. And 5 blockchain projects were highlighted at the International Association for Cryptologic Research conference in Tel Aviv.  Read more...

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Chile is Putting Energy Regulation on the Blockchain

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In March, the Chilean National Energy Commission is set to adopt blockchain technology – a first for a public entity in the South American country.

Warming up to the Blockchain’s Benefits

Andrés Romero, the executive secretary of the National Energy Commission of Chile, has announced that the country’s regulatory entity will start using blockchain technology in March.

According to PV Magazine, CNE will use the Open Energy platform (Energía Abierta) in order to “certify the quality and certainty of the open data of the national energy sector.” In doing so, CNE will officially become Chile’s first public entity to utilize the inherent benefits of blockchain technology.  Read more...

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