US heading for recession after 2 years of unsustainable growth, economist says

US heading for recession after 2 years of unsustainable growth, economist says #Bitcoin

  • The U.S. is headed for a recession in the next two years as excessive fiscal stimulus from the President Donald Trump administration takes the economy into unsustainable territory, Adam Posen, president of the Peterson Institute for International Economics, told CNBC Tuesday.
  • Posen, who served at the Federal Reserve Bank of New York in the mid-90s, said that GDP (gross domestic product) growth targets of 3 percent or more are unobtainable given current productivity and employment rates in the U.S. Add to that intended tax cuts and financial deregulation under Trump and the country will find itself trapped in a boom-bust cycle, Posen said.
  • “The work force is only growing at 0.5 percent and productivity’s at 1 percent so it can’t reach these 3-4 percent growth targets.
  • If unemployment is, unfortunately, about as low as it’s going to go, you can’t pick this up,” he told CNBC Tuesday.

The U.S. is headed for a recession in the next two years as excessive fiscal stimulus takes the economy into unsustainable territory, says economist.
Continue reading “US heading for recession after 2 years of unsustainable growth, economist says”

First Independent Audit of Pretty Easy Privacy Tool Reveals Four Critical Bugs – The Merkle

First Independent Audit of Pretty Easy Privacy Tool Reveals Four Critical Bugs #blockchain

  • First Independent Audit of Pretty Easy Privacy Tool Reveals Four Critical Bugs
  • The first of the audits has been completed successfully and was conducted by German company SektionEins.
  • Once the audit was completed, the Outlook-version of Pretty Easy Privacy received an update.
  • Pretty Easy Privacy, an open-sourced tool focusing on promoting encrypted communication, will be released to the public in the coming months.
  • The Pretty Easy Privacy tool, which focuses on encrypted communication, has gone through its first audit.

Privacy and security are two topics that have gained importance as of late. Albeit Internet users should have respected these values quite some time ago, it has taken several data breaches and other hacks before consumers saw the light at the end of the tunnel. The Pretty Easy Privacy tool, which focuses on encrypted communication, has gone through its first audit.
Continue reading “First Independent Audit of Pretty Easy Privacy Tool Reveals Four Critical Bugs – The Merkle”

Bitcoin… You Haven’t Heard The Half Of It

#LEOcoin Read Dan Andersson's latest post on @HuffPostUK:

  • With halving suddenly making the act of validating blocks far less lucrative, a lot of smaller participants will drop out concentrating power in the larger miners.
  • Proof of Work has been one of the defining characteristics of digital currencies, but this way of mining is arguably outdated and largely unnecessary.
  • Proof of Stake requires far less computation power, which means lower hardware costs and lower electricity costs.
  • The halving mechanism is more detrimental to a currency that operates solely using a Proof of Work system, like Bitcoin; primarily it increases Proof of Work’s vulnerability.
  • The halving mechanism is part of the mechanics of cryptocurrencies, designed to act as an inflationary brake to stabilise the currency.

Last month a major event happened in the cryptocurrency community: Bitcoin’s block reward halved for the second time in its history. The halving event or…
Continue reading “Bitcoin… You Haven’t Heard The Half Of It”

Bitcoin… You Haven’t Heard The Half Of It

  • With halving suddenly making the act of validating blocks far less lucrative, a lot of smaller participants will drop out concentrating power in the larger miners.
  • Proof of Work has been one of the defining characteristics of digital currencies, but this way of mining is arguably outdated and largely unnecessary.
  • Proof of Stake requires far less computation power, which means lower hardware costs and lower electricity costs.
  • The halving mechanism is more detrimental to a currency that operates solely using a Proof of Work system, like Bitcoin; primarily it increases Proof of Work’s vulnerability.
  • The halving mechanism is part of the mechanics of cryptocurrencies, designed to act as an inflationary brake to stabilise the currency.

Read the full article, click here.


@MMagudia: “latest @HuffingtonPost blog from @LEOcoinORG”


Last month a major event happened in the cryptocurrency community: Bitcoin’s block reward halved for the second time in its history. The halving event or…


Bitcoin… You Haven’t Heard The Half Of It

Juan Llanos Explains How DIgital Currency Will End Poverty — DailyWarren

  • DailyWarren ” Juan Llanos Explains How DIgital Currency Will End Poverty
  • Digital currencies, such as bitcoin are coming (and that’s a good thing)
  • Filed Under: Good People Tagged With: bitcoin , btc , digital currency , juan llanos , ted talks , transfer fees , transparency
  • It is a superb platform for seeing what people really think about your company, and gives you a voice to engage with them.

Read the full article, click here.


@BlackBoxPhD: “RT WarrenWhitlock: The revolution in markets. #blockchain for everyone

#marketing #busine…”


Juan Llanos on the high costs involved in doing business between African nations and internationally. He explains how digital currencies (like Bitcoin) will change the world


Juan Llanos Explains How DIgital Currency Will End Poverty — DailyWarren