Digitopoly — the Audio Version

A company called curio.io offered to take certain posts on Digitopoly and have a professional narrator read them. I have heard that many people like audio versions of written stuff and so was happy to let them at it. Their first post is below.

It is far from clear that requiring payments for data makes sense

It is very easy to posit a sense of exploitation when it comes to data. Try this for size: "Networks are relying on data by individuals but they aren't being paid and this is making those networks profitable." Substitute "plantations" for "networks," "labour" for "data," and "individuals" for "slaves" and you get the picture. Of …

A limit to Bitcoin scale?

Eric Budish has a new paper out on "The Economic Limits of the Blockchain." He demonstrates a potentially fundamental contradiction at the heart of 'proof of work' schemes to support cryptocurrencies -- the most famous of which is, of course, Bitcoin. It is an incredibly clear issue so I figured I would recount it here. …