IE: On bits and blockchains

© Tero Vesalainen

IDENTITY ELEMENT writes:

In the period leading up to the 1990s, sound business models were predicated upon deploying capital to produce assets which in turn generated more capital; in essence, to generate a dividend. Homeowners who rent their properties out have deployed capital for accumulating a return on this investment via rent payments. Consequently, tangible (and productive) assets played a key role in driving economic output in the pre-1990s world.

The utility of capital has undergone drastic changes since the rise of ...