Menu

Blog

Archive for the ‘cryptocurrencies’ category: Page 35

Jun 11, 2015

Bitcoin Adoption: Series of reactions

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

What is Bitcoin?

Bitcoin-05-t-sSure—You know the history. As it spread from the geeky crypto community, Bitcoin sparked investor frenzy. Its “value” was driven by the confidence of early adopters that they hitched a ride on an early train, rather than commercial adoption. But, just like those zealous investors, you realize that it may ultimately reduce the costs of online commerce, if and when if it becomes widely accepted.

But what is Bitcoin, really? To what class of instruments does it belong?

• Ardent detractors see a sham: A pyramid scheme with no durable value; a house of cards waiting to tumble. This is the position of J.D, an IRS auditor who consults to The Cryptocurrency Standards Association. As devil’s advocate, he keeps us grounded.

Continue reading “Bitcoin Adoption: Series of reactions” »

May 29, 2015

MIT aims to give bitcoin research, development a stable home -

Posted by in categories: bitcoin, cryptocurrencies

Bitcoin survived a wild youth marked by drug trafficking, money laundering, theft, bankruptcy, and political spats. Now, the digital currency is getting cleaned up and heading to grad school.

A fledgling project at the Massachusetts Institute of Technology Media Lab is offering researchers and software developers a quiet home to work on bitcoin’s core technology, a computer science breakthrough that lets people trade money securely without paying a middleman. Read more

May 28, 2015

Meet Ether, The Bitcoin-Like Cryptocurrency That Could Power The Internet Of Things — By Tina Amirtha Fast Company

Posted by in category: cryptocurrencies

http://c.fastcompany.net/multisite_files/fastcompany/imagecache/1280/poster/2015/05/3046385-poster-p-2-this-company-is-helping-ibm-and-samsung-use-cryptocurrency-to-do-the-iot-on-the-cheap.jpg

At CES this past January, IBM researcher Veena Pureswaran described the company’s joint plan with Samsung to get home appliances to exchange cryptocurrency with one another. The currency, called Ether, is similar to Bitcoin, except that the traded commodity isn’t directly related to a financial value. Instead, Ether’s value is computing power.

What distinguishes the Ether and Bitcoin cryptocurrencies from traditional money is the online system that records their every trade. Networks of people called miners use the software to collectively verify and record these cryptocurrencies’ every trade. Like ever-growing strands of DNA, the currencies’ digital addresses, called blockchains, store the details of each trade. Bitcoin and Ether run on their own software platforms, but in both cases, a blockchain makes the whole idea possible. Read more

Continue reading “Meet Ether, The Bitcoin-Like Cryptocurrency That Could Power The Internet Of Things — By Tina Amirtha Fast Company” »

May 26, 2015

Could Bitcoin be Dethroned by an Altcoin?

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

Cryptocurrency aficionados have been discussing Bitcoin limitations ever since the blockchain buzz hit the street. Geeks toss around ideas for clearing transactions faster, resisting potential attacks, rewarding miners after the last coin is mined, and supporting anonymity (or the opposite—if you lean toward the altcoinsdark side). There are many areas in which Bitcoin could be improved, or made more conducive to one camp or another.

Distinguished Penn State professor, John Carroll, believes that Bitcoin may eventually be marginalized due to its early arrival. He believes that its limitations will eventually be overcome by newer “altcoins”, presumably with improved mechanisms.

So, does progress in any of these areas threaten the reigning champ? It’s unlikely…

Andreas-transparentMore than any other individual, Andreas Antonopoulos is the face of Bitcoin. We discussed this very issue in the outer lobby of the MIT Bitcoin Expo at which he was keynote speaker (March 2015). Then, we discussed it again, when I hosted his presentation at The Bitcoin Event in New York (also in March). He clearly and succinctly explained to me why it is unlikely that an altcoin will replace Bitcoin as the dominant—and eventually surviving—cryptocurrency

Continue reading “Could Bitcoin be Dethroned by an Altcoin?” »

May 22, 2015

Novel Cold Storage Wallet

Posted by in categories: bitcoin, computing, cryptocurrencies, encryption

“Cryptosteel is an indestructible private cold storage system not only for Bitcoin users”

Mar 16, 2015

Bitcoin Alternative DNotes Focuses On Banking Solutions And Stability While Venture Capital Investment Continues At Record Breaking Pace

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

Quoted: “DNotes can best be characterized, as a second generation Bitcoin alternative digital currency. It objectively studied Bitcoin’s strengths and weaknesses as well as threats and opportunities. DNotes was created on February 18, 2014 with an objective to meet the full functions of fiat currency as a unit of account, store of value and medium of exchange within three years. It decided to take a very different path since day one in building a trustworthy stable digital currency with reliable long term appreciation.

Central to DNotes long term strategic plan is the creation of highly scalable building blocks, as the foundation of its own ecosystem. Those strategic building blocks include CryptoMoms; a currency neutral site dedicated to encourage women participation, DNotesVault; a free secure storage for DNotes’ stakeholders with 100% deposit guarantee with verifiable funds, and CRISPs; a family of Cryptocurrency Investment Savings Plans for everyone worldwide. The core mission of CRISP is to make the savings opportunity available to everyone; from the unborn to the most senior; from the unbanked to the super rich. The opportunity for anyone to participate irrespective of financial standing, coupled with combined charity efforts will bring about much needed financial freedom for millions worldwide.”

Read more here > http://www.pressreleaserocket.net/bitcoin-alternative-dnotes…ce/109719/

Mar 14, 2015

Blockchain meets Artificial Intelligence

Posted by in categories: big data, bitcoin, business, complex systems, computing, cryptocurrencies, disruptive technology, information science, robotics/AI

Quoted: “The decentralized Sapience AIFX project has developed a distributed artificial intelligence system running on a cryptocurrency network. In addition, the project has implemented the first distributed database platform running entirely over the bitcoin peer-to-peer protocol, built on top of a distributed hash table with redundancy, resiliency, and multi-dimensional trie-based indexing. These technologies are the first core pieces in the Sapience AIFX platform strategy to be the market leader in the consumerization of the blockchain.

The project has implemented the first in-wallet interactive Lua shell, bringing developers unprecedented capabilities to build solutions leveraging the blockchain, multi-layer perceptron networks, and distributed data storage. The possibilities span from algorithmic trading tools to bioinformatics and data mining, and the traditional applications of deep learning.”

Read more here > http://www.pressreleaserocket.net/first-cryptocurrency-to-ut…in/104609/

Mar 8, 2015

Could Abra be Bitcoin’s “Killer App”?

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

Quoted: “At the event, CEO Bill Barhydt said: “Our mission with Abra is to turn every smartphone into a teller that processes withdrawals. This is not just another bitcoin app. The wallet is a full-fledged digital asset management system, and you don’t have to understand it.”

Use of the application is straightforward and relies on a network of people around the world who act as tellers, charging small fees to help people transfer money abroad. A user can deposit funds into his or her account using a debit card or by meeting up with a teller in person and handing them cash. Then those funds can be instantly — the power of Bitcoin — transferred anywhere in the world. The person receiving the money has only to find a teller, show that he or she is the recipient of the funds, and exchange the digital cash (denominated in USD) back for their local currency.”

Read the article here > https://bitcoinmagazine.com/19490/abra-announced-launch-fest…d-bitcoin/

Feb 27, 2015

Blockchains as a Granular Universal Transaction System

Posted by in categories: architecture, automation, big data, bitcoin, business, computing, cryptocurrencies, disruptive technology, economics, ethics

Quoted: “Blockchains are thus an intriguing model for coordinating the full transactional load of any large-scale system, whether the whole of different forms of human activity (social systems) or any other system too like a brain. In a brain there are quadrillions of transactions that could perhaps be handled in the universal transactional system architecture of a blockchain, like with Blockchain Thinking models.”

Read the IEET brief here > http://ieet.org/index.php/IEET/more/swan20150217

Feb 9, 2015

Bitcoin’s Unique Features Lighten Up its Ambiguous Future

Posted by in categories: bitcoin, business, computing, cryptocurrencies, economics, finance

Where will Bitcoin be a few years from now?
The recently concluded Bitcoin & the Blockchain Summit in San Francisco on January 27 came up as a vivid source of both anxiety and inspiration. As speakers tackled Bitcoin’s technological limits and possible drawbacks that can be caused by impending regulations, Bitcoin advocate Andreas Antonopoulos lifted up everyone’s hope by discussing how bitcoins will eventually survive and flourish. He managed to do so with no graphics or presentations to prove his claim, just his utmost confidence and conviction that it really will no matter what.

On the currency being weak

There have been statements about Bitcoin’s technology surviving, but not the currency itself. Antonopoulos, however, argues that Bitcoin’s technology, network, and currency are interdependent with each other, which means that one element won’t work without the other. He said: “A consensus network that bases its value on the currency does not work without the currency.”

On why Bitcoin works

Continue reading “Bitcoin’s Unique Features Lighten Up its Ambiguous Future” »

Page 35 of 36First2930313233343536