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Archive for the ‘bitcoin’ category

Aug 6, 2018

Houston, We Have a Solution: Blockchain in the Space Industry

Posted by in categories: bitcoin, space

Blockchain is used both by NASA and startups hoping to democratize space.

Houston, We Have a Solution: Blockchain in the Space Industry

Analysis.

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Aug 4, 2018

How will Bitcoin Work When Mining Rewards Run Out?

Posted by in categories: bitcoin, cryptocurrencies, economics, internet

Let us frame the question, by reviewing what miners really do…

Miners play a critical role in the Bitcoin network. Their activity (searching for a nonce) results in assembling an immutable string of blocks that corroborate and log the universal transaction record. They are the distributed bookkeepers that replace old-school banks in recording and vouching for everyone’s purchase or savings.

From the perspective of a miner, there is no obvious connection between their activity and the worldwide network of bitcoin transactions and record keeping. They are simply playing an online game and competing against thousands of other miners in an effort to solve a complex and ongoing math problem. As they arrive at answers to small pieces of the problem, they are rewarded with bitcoin, which can be easily translated into any currency.

What is the Problem?

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Aug 4, 2018

This Is What Happens When Bitcoin Miners Take Over Your Town

Posted by in categories: bitcoin, energy

Eastern Washington had cheap power and tons of space. Then the suitcases of cash started arriving.

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Aug 1, 2018

Voice of Blockchain

Posted by in categories: bitcoin, business, government

Looking to attend or speak at an event about Blockchain?


Join us at Navy Pier in Chicago on August 24th & 25th in bringing the LEADERS in blockchain, government, and business together with the VOICES to learn what is possible from the BUILDERS. 50+ Leaders (Speakers) 100+ Voices (Bloggers, Podcasters, Youtubers) 250+ Builders (Blockchain Projects) 5,000 Attendees.

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Jul 31, 2018

Is Bitcoin Erasing 300 years of Monetary Evolution?

Posted by in categories: bitcoin, cryptocurrencies, economics, finance, government, innovation

Today, economist and Nobel laureate, Paul Krugman, wrote in the New York Times, that Bitcoin is taking us back 300 years in monetary evolution. As a result, he predicts all sorts of bad things.

A significant basis for Mr. Krugman’s argument is that the US dollar has value because men with guns say it does.

Is Bitcoin erasing 300 years of monetary evolution?

Running with the metaphor that fundamental change to an economic mechanism represents ‘evolution’, I think a more accurate statement is that Bitcoin is not erasing the lessons of history. Rather, it is the current step in the evolution of money. Of course, with living species, evolution is a gradual process based on natural selection and adaptation. With Bitcoin, change is coming up in the rear view mirror at lightning speed.

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Jul 23, 2018

Xage secures $12 million Series A for IoT security solution on blockchain

Posted by in categories: bitcoin, internet, security

Xage (pronounced Zage), a blockchain security startup based in Silicon Valley, announced a $12 million Series A investment today led by March Capital Partners. GE Ventures, City Light Capital and NexStar Partners also participated.

The company emerged from stealth in December with a novel idea to secure the myriad of devices in the industrial internet of things on the blockchain. Here’s how I described it in a December 2017 story:

Xage is building a security fabric for IoT, which takes blockchain and synthesizes it with other capabilities to create a secure environment for devices to operate. If the blockchain is at its core a trust mechanism, then it can give companies confidence that their IoT devices can’t be compromised. Xage thinks that the blockchain is the perfect solution to this problem.

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Jul 21, 2018

How cryptography enables online shopping, cloud tech, and the blockchain

Posted by in categories: bitcoin, encryption

What do the Gallic Wars and online shopping have in common? The answer, believe it or not, is cryptography. Cryptography is the cement of the digital world, but it also has a long history that predates the digital era.

Most people do not realize that cryptography is a foundational element to our modern society. At it’s heart cryptography is about access to data, and controlling who can see and use it.

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Jul 16, 2018

Lightning-powered app lets you play roulette on the blockchain

Posted by in categories: bitcoin, climatology

Blockchain developers won’t be at peace until every single thing in the world is on blockchain. Or, so it seems.

Web developer Rui Gomes has created Lighting Spin — a web app that lets you play roulette over Bitcoin Lightning Network.

The app lets you wager anywhere between 1,000 Satoshi (approximately 6¢) to 100,000 Satoshi (approximately $6) per round. All you need to play the game is load your balance using a wallet service with support for the Lightning Network – like Eclair, for instance.

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Jul 6, 2018

Survival of the Richest

Posted by in categories: 3D printing, biotech/medical, bitcoin, finance

Last year, I got invited to a super-deluxe private resort to deliver a keynote speech to what I assumed would be a hundred or so investment bankers. It was by far the largest fee I had ever been offered for a talk — about half my annual professor’s salary — all to deliver some insight on the subject of “the future of technology.”

I’ve never liked talking about the future. The Q&A sessions always end up more like parlor games, where I’m asked to opine on the latest technology buzzwords as if they were ticker symbols for potential investments: blockchain, 3D printing, CRISPR. The audiences are rarely interested in learning about these technologies or their potential impacts beyond the binary choice of whether or not to invest in them. But money talks, so I took the gig.

After I arrived, I was ushered into what I thought was the green room. But instead of being wired with a microphone or taken to a stage, I just sat there at a plain round table as my audience was brought to me: five super-wealthy guys — yes, all men — from the upper echelon of the hedge fund world. After a bit of small talk, I realized they had no interest in the information I had prepared about the future of technology. They had come with questions of their own.

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Jul 5, 2018

Teen Makes $100,000 Through Bitcoin, Crowdfunds VR Headset

Posted by in categories: bitcoin, virtual reality

After having been given $1,000 by his grandma at only 13-years-old, Erik Finman, now 17, made the risky decision to invest in the notoriously volatile Bitcoin market.

Teen Makes $100,000 Through Bitcoin, Crowdfunds VR Headset

When he was 15, only a year and a half later, he liquidated his Bitcoins, making a cool $100,000. He’s now crowdfunding his very own VR headset. He has been featured in Time Magazine, Mashable, CBS News, Business Insider, The Times, BBC, and more.

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