Its possibilities are anything but dull, however: Mr. Larsen imagines that the technology could go far beyond accommodating financial transactions among people and eventually enable self-driving cars to pay for tolls, parking and fuel without the help of humans.
The challenge that governance poses for Bitcoin was evident in 2015, when one question roiled and divided the community: how should the network capacity be increased to accommodate more transactions?
An industry official noted that some money could be made but that it did not accommodate lucrative transactions.
Sure, it has a few more flashing lights than a few years ago, but it's still essentially a machine whose only role in life is to accommodate a transaction every few minutes.
And though, in January, the currency faltered when discord among developers over how to accommodate increased transaction volume was publicized, in recent weeks, it has rebounded again to above $450.
An ongoing debate over how to accommodate increased transaction volume on the network (which some feel is uncomfortably close to the limit on the amount that can be processed at any given time) has been raging, with the community splitting into factions, including different Reddit forums and developer teams.
China must have reserves to accommodate routine foreign transactions.
The credit markets remained open Tuesday to accommodate year-end transactions but the session was sparsely attended.
Similar to the chart above, acquisition value of enterprise companies outpaced that of consumer companies until recently, when the venture capital ecosystem became more accommodating of large M&A transactions, potentially driven by the run up in market capitalization of some of the earlier, successful IPOs of companies such as Google and Facebook.
Cellphones now accommodate all manner of commercial transactions.
The data structure for accommodating the information describing these transactions is the MRIO table.
