Over the last three decades, the world has witnessed the power of open networks: blockchains, social media, the very web itself. What makes them so powerful is that their value is related not just to the number of users, but the number of potential links between users. This is Metcalfe’s law—value in a network is quadratic, not linear, in the number of users—and every open network since has followed its prophecy.
As a government-issued currency, the digital yuan can be manipulated and monitored in a number of ways. Importantly, it is programmable. Writes The Wall Street Journal, “Beijing has tested expiration dates to encourage users to spend it quickly, for times when the economy needs a jump start.”
— Read on www.aier.org/article/make-no-mistake-programmable-digital-currencies-are-weaponizable-money/amp/
The Hip Hop artist MF Doom is putting 11 augmented reality masks up for auction in the form of NFTs.
— Read on decrypt.co/45631/just-in-time-for-halloween-rapper-mf-doom-auctioning-nft-masks