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Category: internet – Page 278
The revival of the Cold War attitudes between the U.S. and Russia are just the beginning of the an expanding scene of digital vulnerabilities and shocks to the system that could shut down the grid, cut off grocery and supply lines or leave millions without power in the cold. With global tension, the pretext could come from anywhere:
From Mac Slavo:
The coming era could be the age of electronic disruption, as ATMs, power grids, bank accounts, Internet servers and other important entities in society are intercepted, taken down, hacked or shut off by criminals and commandos in the ongoing cyberwar. Dissidents will be flagged and cut off from their accounts. Natural disasters will compound with these factors, testing the infrastructure and the integrity of the people themselves, who are in danger of devolving into civil unrest.
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QC in the mainstream is definitely viable less than 7 yrs. and possible within 5 yrs. However, I have a friend who even believes we’re looking at 3 years.
Internet security, once considered to be strictly in the domain of the wonkiest tech experts, has become central to public discourse over the past year. Besides the attacks on the DNC, even tech savvy business like Snapchat, Oracle and Verizon Enterprise Solutions have had significant breaches in the last year.
For the most part, these attacks were preventable. Often, hackers use a technique called social engineering, to trick people into allowing them into a system. Other times, they exploit a vulnerability in software to give them access to confidential data. In most cases, more stringent procedures can prevent attacks.
However, there is a more serious crisis coming. In five to ten years, we are likely to see quantum computers that are so powerful that they are able to break even the strongest encryption in use today. That means that soon, even our most vital and well protected data will be at risk. So if you want to protect your businesses, you should start preparing now.
The answer may be counter-intuitive: Not only can Bitcoin be widely adopted under a supply cap, its trust and integrity are a direct result of a provably limited supply. As a result, it will flourish because it is capped.
Everyone Can Own and Trade a Limited Commodity, IF…
…if it is both measurable and divisible. Bitcoin has a capped supply just as gold has a capped supply. Although both assets will be mined for some time into the future, there is only so much that will ever be uncovered. Thereafter, the total pie cannot grow.
But the transaction units will continue to grow as needed, because the pie is divisible into very, very tiny units:
There will eventually be 21 million BTC and each coin is divisible into 108 units. This yields (21 million * 100 million), or 21 trillion exchangeable units. And, it can be divided further by consensus.
As Bitcoin is adopted—whether as a simple payment instrument, an investment asset or even as national currencies around the world—each unit of the limited supply simply rises in value. If thought of as a currency, with a value established by supply & demand, it leads to a deflationary economy.
But, Isn’t Deflation Bad for the Economy?
It’s common to associate deflation with economic ills. One need only glance back at the the last century to conclude that deflation coincides with wars, joblessness, recession and a crippling concentration of wealth. Perhaps, just as bad, the tools used to pull a nation out of deflation often force governments to cherry pick beneficiaries of stimulus spending.
But it is important to note that deflation plays no role in causing these things. On the contrary, it is an effect rather than a cause… In fact, when a supply cap is introduced as a designed control input for monetary policy, all sorts of good things follow. I address these in various answers at Quora. Dig in:
- How does Bitcoin deal with deflation?
- Does Bitcoin deflation encourage ‘scarcity mindset’?
- Are 21 million Bitcoins enough?
- Why is there a limited amount of Bitcoin?
Philip Raymond co-chairs Cryptocurrency Standards Association. He was host and producer of The Bitcoin Event in New York. In his spare time, he edits A Wild Duck
More believers; loving it!
Video by: Jan-Henrik Kulberg
As we continue to conduct more of our transactions online, consumers, companies and governments put their faith in encryption to protect their private and sensitive data. Once quantum computing becomes a reality, our current encryption methods will quickly become obsolete as quantum computers will be able to easily crack them.
If you thought 2016 was an impressive year for quantum; just wait to see what we have in store you in 2017! Google’s new QC device is coming, AI, the efforts on the Web, etc. Yes, indeed 2017 is going to be a fun and interesting year for QC.
This year has been rollercoaster crash for many with numerous tragedies and crises occurring all over the world, but it doesn’t mean that everything was grim in 2016.
Join IBTimes UK as we take a closer look at the many new developments across various fields of technological research, each with the potential to revolutionise human life for the better.
Artificial intelligence Artificial intelligence continues to be a key field of research into developing computers that can think like the human mind iStock.
Entrepreneur’s Space X agency files request for $10bn project with the FCC and says internet speeds globally will reach 1Gb/s.
The man who wants to take humans to Mars also wants to connect the whole of planet Earth and bring digital equality across the globe.
Elon Musk’s Space X spacial agency has requested to the US Federal Communications Commission (FCC) authorisation to launch 4,425 satellites which would be used to provide connectivity to the more than 7.2 billion humans on Earth.
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Amazon has designed a floating warehouse that sits thousands of feet in the air, from which the internet retailer could dispatch swarms of delivery drones to metropolitan areas.
The company has patented futuristic plans for enormous “airborne fulfillment centres” that would be used as bases for aerial deliveries to homes.
Flying at up to 45,000 feet, the warehouses would be suspended by cables from zeppelin-style airships, and stocked with popular items. When a shopper makes an order, an onboard drone would dive down to earth and deliver it, before being sent back up to the station by a shuttle that could also restock and refuel the floating warehouse.
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One of the distinct advantages of working in the IT industry for over 35 years is all of the direct and indirect experience that brings, as well as the hindsight that comes with that.
One of the more personally interesting experiences for me has been watching the growth and ultimate success of the Open Source Software (OSS) movement from a fringe effort (what business would ever run on OSS?) to what has now become a significant component behind the overall success of the Internet. I was initially reminded of the significance of the Open Source Software movement, and how long it’s actually been around when the technology press recognized the 25th anniversary of the Linux kernel. That, and the decision in January of 1998 by Netscape Communications Corp to release the complete source code for the Communicator web browser, are two of the top reasons for the Internet taking off. Well, the first specification for HTTP helped a little as well, I suppose.
There are, of course, many other examples of OSS software that power the Internet, from the numerous Apache Foundation projects, relational and other database management systems like Postgres, MySQL, MongoDB, and Cassandra. The list of markets and technologies for which there are OSS resources is essentially endless.
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China makes heaving R&D investments in technologies for telecom and travel industry (namely railway) that reduces China’s dependency on foreign tech companies. Looks like we’re heading more and more into a protectionism world.
China will ramp up investment to develop essential industrial components and materials next year, in a move to reduce reliance on foreign technology in key sectors including telecommunications and railways.
Miao Wei, minister of industry and information technology, said on Monday the ministry will channel more resources to help tackle technological bottlenecks in 20 industrial parts and 15 industrial materials.
The initiative is designed to promote homegrown parts related to telecommunications, the internet of things, railway equipment, machinery manufacturing and other sectors.