Author: James Seibel Source: How does Dai ensure that the value is always $1 USD? Economic incentives ensure that the value is maintained. As I said in the last section, when Dai is worth over $1 USD,

Author: James Seibel Source: In late December, 2017, the company Maker released their system for a decentralized stablecoin named “Dai”. Dai is an Ethereum ERC20 token that is pegged to $1 USD — this means

The rise of a dominant or Hegemonic Ideology When the Soviet Union collapsed it lead to the “subsequent acceptance by the Russian Government” to usher in “a rapid transition to market capitalism” (Robinson,

In her book The Shock Doctrine, Naomi Klein states that the incompatibility between neo-liberalism and democracy is best exemplified by the political manipulation and distraction that commonly accompanies

Prior to the 1970s Neo-liberalism was little more than a suggested policy by fringe economists (Utting, 2015). This would change when the Breton Woods system of fixed exchange collapsed, leading to the

Another key development of Neo-liberalism via the Chicago school, was their consistency in applying the economic form to the social sphere, thus ending the separation between the domains of the economy

The Chicago School was an intellectual organization run from the University of Chicago throughout the 1950s and 1960s. Many of its theorists, the most prominent being Friedrich Von Hayek and Milton Friedman,

It has been stated by Foucault (1979), that the development of Ordo-liberalism in post-war West Germany cannot be separated from the special historical situation. During the War, Nazi Germany had been

Although some have said the political dimension of this hypotheses addresses the ‘survival of capitalism’ (Foucault, 1979), Ordo-liberals reject this idea, mainly due to them not believing in capitalism

The ideology of Neo-liberalism was inspired by theorists that believed in the second, spectator form of democracy. We will look at the ‘progressive democratic’ views that inspired the pursuit of a new

1. A policy debate regarding the “best mode of operating an economy” Neo-liberal theory can be traced back to two key component schools of thought, first being the Ordo-liberalism found in West Germany,

Throughout this essay I hope to show that the ideology of Neo-liberalism is incompatible with democratic politics. This being due to the continual transfer of power from the state to the market, which

# Consensus Protocols within blockchain # ### Proof of Work (PoW) ### When a transactions are initiated by a user, 'miners' or supercomputers try to solve a problem or puzzle to verify it. This transaction

# Consensus Protocols within blockchain. ### Proof of Work (PoW) When a transactions are initiated by a user, 'miners' or supercomputers try to solve a problem or puzzle to verify it. This transaction

Proof of work Proof of stake Proof of location Proof of burn Proof of authority Proof of location