MARKET, INSTITUTIONS, AND CURRENCIES - A NEW METHOD OF SOCIAL INCENTIVIZATION
"Fourth role that currencies play : seigniorage."
(1st:Medium of exchange; 2nd:Store of value; 3rd:Medium of account/measuring.)
ETHEREUM: A NEXT-GENERATION CRYPTOCURRENCY AND DECENTRALIZED APPLICATION PLATFORM
"As a protocol for storing and transferring value, Bitcoin is excellent. However,
as for as bering an effective low-level protocol is concerned, Bitcoin is less effective;
rather than being like a TC on top of which one can build HTTP, Bitcoin is like SMTP: a protocol that is good as its intended task (in SMTP's case email, in Bitcoin's case money),
but not particularly good as a foundation for anything else."
"Ethereum does not intend to be a Swiss Army knife protocol with hundreds of features to suit every need; instead, Ethereum aims to be a superior foundational protocal, and allow other decentralized applications to build on top of it instead of Bitcoin, giving them more tools to work with and allowing them to gain the full benefits of Ethereum's scalability and efficiency."
