Category Archives: Interview

“PoW (Proof-of-Work) makes for a fairer coin distribution as everyone has to compete on equal terms. A constant reward, resulting in linear emission, extends this fair competition across all times.” John Tromp Key Takeaways Cuckoo Cycle is memory-bound Proof of Work mining algorithm that tries to find a cycle within a particular type of graph,…

“Sound money is money that gains in value slightly over time, meaning that holding onto it is likely to offer an increase in purchasing power” Saifedean Ammous   Key Takeaways One reason gold has been used as a store of value and medium of account is because of its low annual supply growth. The optimal…

“Payment tokens can only be issued to companies with an FMA license, e. g., an electronic money license or a bank license. However, there are certain exceptions that do not require a permit. With securities tokens, it depends on whether the company uses the token to create a financial instrument for investors or to raise…

“All these measures we are talking about are meant to maintain Liechtenstein’s quality of life for the future and to preserve as well as creating new jobs. This is the main goal we are pursuing in the long run.” Prime Minister of Liechtenstein Adrian Hasler For the past two years, the government of Liechtenstein has…

“Virtual currencies mark a paradigm shift in how we think about payments, traditional financial processes, and engaging in economic activity. Ignoring these developments will not make them go away, nor is it a responsible regulatory response. The evolution of these assets, their volatility, and the interest they attract from a rising global millennial population demand…

“The open-source nature of public blockchain protocols, combined with intrinsic mechanisms to break down monopoly effects, mean that the vast majority of this economic surplus will accrue to users. While tens or perhaps hundreds of billions of dollars of value will also likely accrue to the cryptoassets underlying these protocols and therefore to investors in…