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Archive for the ‘cryptocurrencies’ category: Page 11

Jan 11, 2019

Did IBM Just Break Blockchain?

Posted by in categories: bitcoin, computing, cryptocurrencies, quantum physics

Cryptocurrency is not infallible… yet.


With IBM’s announcement of Q System One, the world’s first commercially available quantum computing system, will the processing power sufficient to break blockchain become readily available?

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Jan 3, 2019

Magic Whale Formula

Posted by in categories: business, cryptocurrencies, finance

The 3 key ingredients for attracting investors to your crowdfunding (ICO/STO) campaign

Below is a redacted and slightly edited and updated version of a memo provided to a client regarding how to attract investors to their business, in mid 2017. For background, they’re a 5 year old private investment firm, whose stock is traded OTC and who invest in startups focused on blockchain tech. To further this model they were exploring additional ways to raise capital, specifically to acquire more startups. Below is a high level framework of what investor “whales” are looking for. This is not investment advice. These are redacted insights into what you should be considering if you’re looking to also engage potential investors in your business enterprise.

If you don’t have time to read it all, I’ll summarize: It still takes money to make money.

Note — all crowdfunding campaigns (regardless of if you call them ICOs / STOs) require a legitimate business model, tangible solutions to real problems, market size worth investing in and the potential for 100x returns. Otherwise, whales aren’t interested in 10x returns.

Continue reading “Magic Whale Formula” »

Dec 31, 2018

Virtual Currencies Are As Old As Favors

Posted by in categories: bitcoin, cryptocurrencies, disruptive technology, economics, finance

I owe Jack Shaw a favor. It’s one of those, “This one time in Cambodia…” type of favors. We won’t speak of it beyond perhaps a nod and wink. It’s not written down anywhere; the details of such are so vague as to be almost non existent, while encompassing the known universe. It expires upon death, of the sun; and can be redeemed whenever and by another person who need only walk up to me and say, “Jack Shaw sent me. He says to tell you ________”. And tada, that favor has been redeemed for value.

Jack would call this favor a “marker.” It’s more valuable than your house, the Empire State Building & 100k Bitcoins combined. It can even be redeemed for something even more precious, my time or an opportunity or access to my network. You know, those things that money can’t buy. Well, you can lease my time from time to time.

Favors, markers and promises are humanities’ first virtual currencies.

Continue reading “Virtual Currencies Are As Old As Favors” »

Dec 20, 2018

This Startup Is Challenging Google Maps—and Needs Your Help

Posted by in categories: cryptocurrencies, mapping

The mapping company StreetCred wants to pay a volunteer mapping army in cryptocurrency to carry out its data missions.

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Dec 16, 2018

Bitcoin Miners Dying, Another Sign Of The Crypto-Currency Crash

Posted by in categories: bitcoin, cryptocurrencies, finance

It is an eye opening video. In the financial climate we are now I am not shocked that these Miners are losing based on costs.


I wrote an article on the Wave Chronicle regarding the Crypto-Currency Crash and some of the changes that could be made to make this particular market effective for those who actually want to use Crypto-Currency as a vehicle for purchasing.

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Dec 15, 2018

SEC’s Crypto Czar Signals Some Flexibility on Token Offerings

Posted by in category: cryptocurrencies

Finally some regulatory clarity. We can build something and ask the SEC if it’s going to be enforced.


No-action letters may be a way forward for crypto startups hoping to avoid securities classifications.

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Dec 13, 2018

BTC plunge: Why I don’t worry

Posted by in categories: bitcoin, cryptocurrencies

Join me for a quick review of the spikes & dips in the Bitcoin exchange rate. This time, it’s all about one very simple chart. [continue below graphic]…

The chart below shows a history of BTC price spikes, dips and recovery. Click to enlarge, then start at the top—and move down.

      • Consider the percent-pullback after each spike (red label)
      • Think about the stellar rebound after each drop (green label)

The table at right illustrates why I do not get too worked up over the plunge in the BTC exchange rate. There are no fundamental flaws in Bitcoin math or mechanisms, the market need for benefits conveyed by Bitcoin is terrific, and popular arguments against Bitcoin are severely flawed. Skeptics and Critics typically say this:

Continue reading “BTC plunge: Why I don’t worry” »

Dec 11, 2018

Best Bitcoin wallet: Hardware or hosted?

Posted by in categories: bitcoin, cryptocurrencies
The question asked in the title has been edited from what was asked today at Quora, the Q&A forum at which I participate as expert columnist. The original question was a bit more ambiguous: “Which is better? — a digital bitcoin wallet or a physical one?” I have included the original question, to better distinguish products and terms. All bitcoin wallets are all digital—even a paper wallet, whether a character string or a QR code. Conversely, an exchange may use “physical” wallets to host client assets, individual application wallets, or they may simply keep records of client assets that are stored, collectively, in their own master wallet. To complicate matters, Bitcoin is never really “stored” by you or an exchange service. It is stored on a public blockchain, where assets and transaction history can be traced through time by anyone. Therefore, all forms of user access are “digital”. What the reader really wants to know is “Which form of access control is better? — custodial or personal?” Type 1: Custodial Wallets are Managed by a Trusted Party They hold your assets. You view a statement balance—just like a bank account.

Dec 11, 2018

How developments in Quantum Computing could affect cryptocurrencies

Posted by in categories: bitcoin, computing, cryptocurrencies, economics, mathematics, particle physics, quantum physics

by Eloisa Marchesoni

Today, I will talk about the recent creation of really intelligent machines, able to solve difficult problems, to recreate the creativity and versatility of the human mind, machines not only able to excel in a single activity but to abstract general information and find solutions that are unthinkable for us. I will not talk about blockchain, but about another revolution (less economic and more mathematical), which is all about computing: quantum computers.

Quantum computing is not really new, as we have been talking about it for a couple of decades already, but we are just now witnessing the transition from theory to realization of such technology. Quantum computers were first theorized at the beginning of the 1980s, but only in the last few years, thanks to the commitment of companies like Google and IBM, a strong impulse has been pushing the development of these machines. The quantum computer is able to use quantum particles (imagine them to be like electrons or photons) to process information. The particles act as positive or negative (i., the 0 and the 1 that we are used to see in traditional computer science) alternatively or at the same time, thus generating quantum information bits called “qubits”, which can have value either 0 or 1 or a quantum superposition of 0 and 1.

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Dec 5, 2018

Quantum computers put blockchain security at risk

Posted by in categories: bitcoin, computing, cryptocurrencies, encryption, finance, government, health, internet, quantum physics, security

The longer-term answer is to develop and scale up the quantum communication network and, subsequently, the quantum internet. This will take major investments from governments. However, countries will benefit from the greater security offered13. For example, Canada keeps its census data secret for 92 years, a term that only quantum cryptography can assure. Government agencies could use quantum-secured blockchain platforms to protect citizens’ personal financial and health data. Countries leading major research efforts in quantum technologies, such as China, the United States and members of the European Union, will be among the early adopters. They should invest immediately in research. Blockchains should be a case study for Europe’s Quantum Key Distribution Testbed programme, for example.


Bitcoin and other cryptocurrencies will founder unless they integrate quantum technologies, warn Aleksey K. Fedorov, Evgeniy O. Kiktenko and Alexander I. Lvovsky. Bitcoin and other cryptocurrencies will founder unless they integrate quantum technologies, warn Aleksey K. Fedorov, Evgeniy O. Kiktenko and Alexander I. Lvovsky.

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