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The latest test flight by Sir Richard Branson’s Virgin Galactic successfully rocketed to the edge of space and back.

The firm’s SpaceShipTwo passenger rocket ship reached a height of 82.7km, beyond the altitude at which US agencies have awarded astronaut wings.

It marked the plane’s fourth test flight and followed earlier setbacks in the firm’s space programme.

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This video is the tenth in a multi-part series discussing computing. In this video, we’ll be discussing what cloud computing is and the fundamental change it brings in how we view and think about computing.

[0:27–2:19] Starting off we’ll discuss, the revolution the cloud computing paradigm, computing as a utility, brings to the field of computing, and similar transformations seen when electricity became a utility.

[2:19–5:24] Following that we’ll discuss, what exactly cloud computing is and the types of cloud computing: Infrastructure As A Service (IaaS), Platform As A Service (PaaS) and Software As A Service (SaaS) further extending to serverless architecture, Functions As A Service (FaaS).

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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:

“Even if blockchain currencies are beneficial and inevitable, Bitcoin can be displaced by another, better cryptocurrency.”

—Or—

“A viable crypto may emerge—but it will be one that is backed by a tangible asset or issued/sanctioned by government.”

These arguments are false. They are made by individuals who don’t yet fully appreciate a distributed, consensus mechanism and, especially, its relationship with trust, value, government and free markets.

What Bitcoin currently lacks is education, familiarity, standards, simple commercial tools (built upon clear analogies), definitive best practices, a widespread understanding of multisig & security, and limited recourse for certain commercial & retail transactions. But Bitcoin is still an infant, just like the early TV or the early telephone. All of these are under development—without a hint of significant obstacles. Even the messy process of democracy among the various stakeholders is heading toward harmony (miners, developers, vendors, exchanges and consumers).

Of course, I am bullish on Bitcoin, and this may color my analysis. But, I try hard to keep an open mind. There have been moments in its history where I have questioned the market need or the potential for a setback in politics, legislation, or the mechanism itself. Those doubts are in the past. Bitcoin has demonstrated the elegance and value of the blockchain—and the ability to evolve beyond the blockchain with SegWit and Lightning Network. It has achieved a fluid, robust and growing two-sided market.

No one holding assets likes to see a big price pullback. It’s natural to look at the market as if we each got in at the peak—and then tally the “losses”. But I, for one, am not glancing toward the exit. I see the future and I sleep well at night. I am comfortable participating in the Bitcoin era.


Philip Raymond co-chairs CRYPSA, hosts the Bitcoin Event and is keynote speaker at Cryptocurrency Conferences. He advises The Disruption Experience in Singapore, sits on the New Money Systems board of Lifeboat Foundation and is a top writer at Quora. Book a presentation or consulting engagement.

“When we send astronauts to the surface of the Moon in the next decade, it will be in a sustainable fashion,” says NASA Administrator Jim Bridenstinee. Learn how we’ll expand partnerships with industry and other nations to explore the Moon and advance our exploration missions to even farther destinations, such as Mars: https://go.nasa.gov/2GeqhZL

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NBA superstar Steph Curry said he was kidding when he said he doesn’t believe humans landed on the moon.

“Obviously I was joking when I was talking on the podcast,” the Golden State Warriors guard told ESPN on Wednesday. “I was silently protesting how stupid it was that people actually took that quote and made it law.”

While appearing on an episode of the podcast “Winging It,” which posted Monday, Curry asked fellow NBA players Vince Carter, Kent Bazemore and Andre Iguodala “We ever been to the moon?”

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Payloads on the flight will collect valuable data to improve technologies for future exploration missions. This flight will be specifically be used to study how dust disperses in microgravity. Understanding dust dynamics can help abate the damage that is caused by particles contaminating hardware and habitats. Swoop in: https://go.nasa.gov/2Gr79YT

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