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Archive for the ‘cryptocurrencies’ category: Page 33

May 25, 2016

The Father of Futarchy Has an Idea to Reshape DAO Governance

Posted by in categories: business, cryptocurrencies, governance, robotics/AI

#TheDAO (Distributed Autonomous Organization) is the hottest new form of investment built on revolutionary (Transparency, Democracy, Decentralization).

Our own Robin Hanson has been an inspiration:

“The slogan is vote on values, bet on beliefs. What you need are discreet decisions and then you need an outcome that you care about.”

Continue reading “The Father of Futarchy Has an Idea to Reshape DAO Governance” »

May 18, 2016

How Blockchain Will End World Poverty

Posted by in categories: bitcoin, cryptocurrencies, economics, encryption, geopolitics, law, transparency

Steve Forbes sits across Brian Singer, a partner at William Blair, as Blair explains the potential of blockhain encryption to empower individuals. He also explains why credit card companies are beginning to embrace a technology that undermines their high fees.

https://youtu.be/CecpCepnkAU

Singer-Forbes

May 10, 2016

CoinFac Brings Quantum Computing Technology To Cryptocurrency Mining

Posted by in categories: bitcoin, cryptocurrencies, economics, information science, quantum physics, supercomputing

QC meets Blockchaining; nice.


CoinFac Limited, a technology company, has recently introduced the next generation quantum computing technology into cryptocurrency mining, allowing current Bitcoin and Altcoin miners to enjoy a 4,000 times speed increase.

Quantum computing is being perceived as the next generation of supercomputers capable of processing dense digital information and generating multi-sequential algorithmic solutions 100,000 times faster than conventional computers. With each quantum computing server costing at an exorbitant price tag of $5 Million — $10 Million, this revolutionary concoction comprising advanced technological servers with a new wave of currency systems, brings about the most uprising event in the cryptocurrency ecosystem.

Continue reading “CoinFac Brings Quantum Computing Technology To Cryptocurrency Mining” »

May 7, 2016

Can Bitcoin be defeated by legislation?

Posted by in categories: bitcoin, business, cryptocurrencies, economics, encryption, geopolitics, government, internet, policy

The question breaks down into two parts:

  1. For what public benefit? —and—
  2. No, it cannot be achieved in this way

Governments are in the business of regulating certain activities—hopefully in an effort to serve the public good. In the case of business methods and activities, their goal is to maintain an orderly marketplace; one that is fair, safe and conducive to economic growth.

But regulation that lacks a clear purpose or a reasonable detection and enforcement mechanism is folly. Such regulation risks making government seem arbitrary, punitive or ineffective.

QR Code_CRYPSA-001«— This is money. It is not a promissory note, a metaphor, an analogy or an abstract representation of money in some account. It is the money itself. Unlike your national currency, it does not require an underlying asset or redemption guarantee.

Continue reading “Can Bitcoin be defeated by legislation?” »

May 6, 2016

Bitcoin Pundicy: A Lifeboat Perspective

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

Here in the Lifeboat Blog, I have the luxury of pontificating on existential, scientific and technical topics that beg for an audience—and sometimes—a pithy opinion. Regular Lifeboat readers know that I was recently named most viewed Bitcoin writer at Quora under a Nom de Plume.

Quora is not a typical Blog. It is an educational site. Questions and numerous answers form the basis of a crowd-sourced popularity contest. Readers can direct questions to specific experts or armchair analysts. A voting algorithm leads to the emergence of some very knowledgeable answers, even among laypersons and ‘armchair’ experts.

During the past few weeks, Quora readers asked me a litany of queries about Bitcoin and the blockchain, and so I am sharing selected Q&A here at Lifeboat. This is my professional field—and so, just as with Mr. Trump, I must resist an urge to be verbose or bombastic. My answers are not the shortest, but they are compact. Some employ metaphors, but they explain complex ideas across a broad audience.

Continue reading “Bitcoin Pundicy: A Lifeboat Perspective” »

Jan 29, 2016

European Parliament discusses Bitcoin and virtual currencies for the first time

Posted by in categories: bitcoin, cryptocurrencies, economics

The Committee on Economic and Monetary Affairs of the European Parliament spent an hour and a half discussing bitcoin and virtual currencies on Monday, although more questions were asked than answered.

#cryptocurrency #Bitcoin #blockchain

Read more

Jan 17, 2016

Is Bitcoin a Failure?

Posted by in categories: bitcoin, cryptocurrencies

Bitcoin Failure

Let’s start by saying recent trends are not in favour of bitcoin. To cap things off, the media has been all over Mike Hearn’s exit, branding it quite a rage quit, but have left a lingering disruptive question – “Is bitcoin a failure?”

Claiming that bitcoin is a failure can be considered a tad one sided. However, as Mike Hearn put it,

“Why has Bitcoin failed? It has failed because the community has failed. What was meant to be a new, decentralised form of money that lacked “systemically important institutions” and “too big to fail” has become something even worse: a system completely controlled by just a handful of people. Worse still, the network is on the brink of technical collapse. The mechanisms that should have prevented this outcome have broken down, and as a result there’s no longer much reason to think Bitcoin can actually be better than the existing financial system.”

Read more

Jan 4, 2016

Bitcoin Primer: Don’t Start with Miners

Posted by in categories: bitcoin, cryptocurrencies, disruptive technology, economics, innovation, internet

I administer the Bitcoin P2P discussion group at LinkedIn, a social media network for professionals. A frequent question posed by newcomers and even seasoned venture investors is: “How can I understand Bitcoin in its simplest terms?”

Engineers and coders offer answers that are anything but simple. Most focus on mining and the blockchain. In this primer, I will take an approach that is both familiar and accurate…

Terms/Concepts: Miners Blockchain Double-Spend

First, forget about everything you have heard about ‘mining’ Bitcoin. That’s just a temporary mechanism to smooth out the initial distribution and make it fair, while also playing a critical role in validating the transactions between individuals. Starting with this mechanism is a bad way to understand Bitcoin, because its role in establishing value, influencing trust or stabilizing value is greatly overrated.

Continue reading “Bitcoin Primer: Don’t Start with Miners” »

Jan 1, 2016

Can Governments Ban Bitcoin?

Posted by in categories: bitcoin, cryptocurrencies, disruptive technology, economics, government, internet

Recently, I was named Most Viewed Writer on Bitcoin and cryptocurrency at Quora.com (writing under the pen name, “Ellery”). I don’t typically mirror posts at Lifeboat, but a question posed today is Quora_Most_Viewed_splashrelevant to my role on the New Money Systems board at Lifeboat. Here, then, is my reply to: “How can governments ban Bitcoin?”


Governments can enact legislation that applies to any behavior or activity. That’s what governments do—at least the legislative arm of a government. Such edicts distinguish activities that are legal from those that are banned or regulated.

You asked: “How can governments ban Bitcoin?” But you didn’t really mean to ask in this way. After all, legislators ban whatever they wish by meeting in a congress or committee and promoting a bill into law. In the case of a monarchy or dictatorship, the leader simply issues an edict.

So perhaps, the real question is “Can a government ban on Bitcoin be effective?”

Continue reading “Can Governments Ban Bitcoin?” »

Oct 1, 2015

A Greater Giving Potential: Introducing Micro-Donations in Bytecoin

Posted by in categories: cryptocurrencies, disruptive technology, economics, encryption

Suggests a mechanism to be adopted for any
cryptocurrency that would alter the fee layer to
help fund a new public good.

From ABIS concept

In 2013, following a period of reflection and visioning, I imagined the possibility of completely altering the financial system as we know it. This vision, known as ABIS, will now see its first-ever implementation.

The implementation is now being issued in BCN’s GUI Wallet with the release of v. 1.0.8, where the transaction has been re-envisioned to allow the user new ways to explore the possibilities of transactions and realize greater giving potential, initially through two use cases involving unique forms of donations:

Continue reading “A Greater Giving Potential: Introducing Micro-Donations in Bytecoin” »

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