Articles 1

Question 1

initial coin offering

Answer 1

when a cryptocurrency is launched

Question 2

algorithmic governance

Answer 2

algorithm contains rules for interaction with the network and the use of the bitcoin. if someone does not stick to these rules, the algorithm will not recognise these actions and the used is automatically denied access

Question 3

hard fork

Answer 3

split of the network –> every time someone want to change the algorithm, all users can determine which rules they want to follow. These splits cause systems like the bitcoin to become unstable

Question 4

permissioned blockchains

Answer 4

systems with rules about who can take part in the system where participants sign a network constitution–> data remains decentralised, power does not!

Question 5

The Great Decoupling

Answer 5

while the productivity grows faster and faster, the opportunities and income of the ordinary worker become smaller and smaller –> occurs everywhere and is driven by technological progress

Question 6

people outperform machines in

Answer 6

1. top creativity
2. emotions and interpersonal relations
3. mobility

Question 7

radical decentralization

Answer 7

decentralised power and data