Ethereum will match Visa in scale in a ‘couple of years’ says founder

#ethereum will match Visa in scale in a couple of years says founder #Visa

  • The mind behind Ethereum, Vitalik Buterin, is matter-of-fact about the crypto.
  • In short, he believes what interviewer Raval Navikant called “brain virus” is the true future of security and economics and, with the right incentives, Ethereum can replace things like credit card networks and even gaming servers.
  • “Where Ethereum comes from is basically you take the idea of crypto economics and the kinds of economic incentives that keeps things like bitcoin going to create decentralized networks with memory for a whole bunch of applications,” he said.
  • “A good blockchain application is something that needs decentralization and some kind of shared memory.”
  • Buterin doesn’t think everything should run on the blockchain but many things can.

The mind behind Ethereum, Vitalik Buterin, is matter-of-fact about the crypto.
Continue reading “Ethereum will match Visa in scale in a ‘couple of years’ says founder”

The Winklevoss twins and why you need to know about them

  • The Winklevoss twins and why you need to know about them
  • Pregnant again, Karen was sure it wouldn’t be twin boys.
  • We could be totally wrong, ” said Tyler, “but we are curious to see this play out a lot more.
  • High number of twins in Cuban capital district baffles scientists, as locals blame everything from genetics to a sacred tree
  • Joanna Moorhead: Fourteen years ago, Karen and Colin Rodger had twin boys.

Read the full article, click here.


@Media2Commerce: “sharing #suaju The Winklevoss twins and why you need to know about them – The Guardian #technology”


Meet the clean-cut, square-jawed, all-American Bitcoin millionaires


The Winklevoss twins and why you need to know about them

Ethereum Inventor: We Got ‘Very Lucky’ In Gamble to Save $56M From Hacker

Ethereum inventor says they got

  • A second hard fork may not be as palatable to the community.
  • Ethereum got “very lucky” this time, Buterin wrote, and another hard fork may not be as easy to implement if the platform grows and more stakeholders-as well as their money-join the community.
  • Vitalik Buterin, the creator of Ethereum, told Motherboard in an email that there was “a single unambiguous winning chain” with over 80 percent of the community moving over.
  • But a successful fork doesn’t mean that Ethereum’s woes are finished.
  • The successful fork was seen as a victory for Ethereum by some observers, since it’s a process that can only be completed if the entire community works together to first approve of the terms, and then actually move over to the new version of the software.

Read the full article, click here.


@motherboard: “Ethereum inventor says they got “very lucky” in a gamble to save $56M from a hacker”


Ethereum just survived a controversial hard fork.


Ethereum Inventor: We Got ‘Very Lucky’ In Gamble to Save $56M From Hacker

Ethereum Inventor: We Got ‘Very Lucky’ In Gamble to Save $56M From Hacker

#ethereum Inventor: We Got Very Lucky In Gamble to Save $56M From Hacker

  • A second hard fork may not be as palatable to the community.
  • Ethereum got “very lucky” this time, Buterin wrote, and another hard fork may not be as easy to implement if the platform grows and more stakeholders-as well as their money-join the community.
  • Vitalik Buterin, the creator of Ethereum, told Motherboard in an email that there was “a single unambiguous winning chain” with over 80 percent of the community moving over.
  • But a successful fork doesn’t mean that Ethereum’s woes are finished.
  • The successful fork was seen as a victory for Ethereum by some observers, since it’s a process that can only be completed if the entire community works together to first approve of the terms, and then actually move over to the new version of the software.

Read the full article, click here.


@bitcoinagile: “#ethereum Inventor: We Got Very Lucky In Gamble to Save $56M From Hacker”


Ethereum just survived a controversial hard fork.


Ethereum Inventor: We Got ‘Very Lucky’ In Gamble to Save $56M From Hacker

China: Power plant burns banknotes instead of coal

China: Power plant burns banknotes instead of coal - BBC News #Bitcoin

  • A company in one Chinese city has money to burn, and is using it to make electricity, it’s reported.
  • media reports from around the world, found by BBC Monitoring
  • The plant says one tonne of notes can generate more than 600 kWh of electricity, and is better for the environment than burning coal.
  • The country’s central bank, the People’s Bank of China, has given permission for the notes to be burned, and says it’s an efficient way to make electricity.
  • The BBC is not responsible for the content of external sites.

Read the full article, click here.


@bitcoinagile: “China: Power plant burns banknotes instead of coal – BBC News #Bitcoin”


A power plant in central China is the country’s first to use old banknotes to make electricity.


China: Power plant burns banknotes instead of coal