Jesse Clark, Developer
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With Bitcoin passing $11,000 recently (October 2017) I had a few friends reach out and ask about Bitcoin. As many of you know, I completed a Masters in Digital Currency from the University of Nicosia in the spring of 2018. This post serves as an introductory primer to cryptocurrencies for non-technical folks. I will attempt to stay at a high level and will talk about cryptocurrencies as a whole rather than Bitcoin individually. There are many areas that I skim over (such as mining and proof-of-stake) which will be a separate blog post after this one.
A decentralized health insurance co-op could be setup with the mission of providing health coverage to its members. It would operate similar to a non-profit where the focus is on the members and not shareholders. The co-op would use a blockchain as its data structure and each user would run a node with software that would allow then to submit claims, payments and vote. A block would be created on average every 24 hours with a term period being every 30 blocks, or roughly a month.
At the 2017 OmniUpdate Training Conference Hackathon a group created an application that would connect Amazon’s Alexa with OU Campus. The tweet to the right is a demonstration of asking Alexa to check in files for OU Campus. The application will also return the number of files checked out.
The following are two essays that I wrote for a Banking and Finance class for my Masters in Digital Currency. The assignment was two short essays, one on why bitcoin is money and another on why bitcoin is not money. Both have been edited slightly.