Is Blockchain Really the Future of Democracy?

  • Blockchain has been touted as everything from the future of finance to the cure to poverty and the only way to secure land registries.
  • They paint a Utopian vision of people voting on smartphones on route to work and having their say in daily government decisions and on land registry matters.
  • She said Smerkis is helping to drag cryptocurrencies into the light and is determined to create a regulated environment for cryptocurrencies, adding that he wanted to speak with me about “how blockchain has the power to forge the democratic future that we have all dreamed of, but fallen short of…
  • The technology behind blockchain is completely clean, and governments want to use it because of that very transparency.
  • We can have a say on every major decision, through the blockchain, and force the government to actually do what the majority of people want.

Blockchain has been touted as everything from the future of finance to the cure to poverty and the only way to secure land registries. Now it is b…
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Mnuchin: We are looking ‘very carefully’ at bitcoin

Mnuchin: We are looking 'very carefully' at bitcoin @nicoleusinclair

  • Bitcoin prices have been surging, sending its market cap past a $100 billion as more people are becoming believers in the value of this cryptocurrencey.
  • When asked about bitcoin, Secretary of the Treasury Steven Mnuchin said he is primarily concerned about its use for illicit purposes.
  • “The first issue and the most important issue is to make sure that people can’t use bitcoin for illicit activities.
  • So we want to make sure that you don’t have the dark web funded in bitcoins.
  • For more from Secretary Mnuchin, please see: – – Please also see: – – Benioff: Companies like Facebook and Twitter must take ‘full responsibility’ for what they’ve created – – Marc Benioff: We can’t leave anyone behind during the ‘fourth industrial revolution’ – – Mellody Hobson: Diversity isn’t about do-gooderism—it’s…

Treasury Secretary Steve Mnuchin speaks to Yahoo Finance on bitcoin.
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The non-stop problem solver who loves to invent

  • Media playback is unsupported on your device – – Media captionUddhab Bharali epitomises India’s “jugaad” spirit – “I like to solve problems,” says Uddhab Bharali.
  • Across India he is already well-known for his agricultural inventions but his new ideas are helping those with disabilities.He explains that because there is limited government support in India for people with physical disabilities it is up to people like him to come up with solutions.
  • “Human ingenuityInitially, Mr Bharali recalls that people thought he was “worthless” and it took him 18 years to establish himself as “an innovator with class”.
  • Learn more about BBC Innovators.Mr Bharali makes an income from selling his inventions as well as designing technical solutions for businesses and government.
  • Image caption – – Raj Rehman says he is happy that he can look after himself, thanks to Uddhab Bharali’s inventions – – – – Although Mr Bharali says there is no shortcut to success, his hard work means his life is now comfortable and he is able to support…

Uddhab Bharali is a serial inventor who uses frugal innovation to change people’s lives.
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What Is Bitcoin, and How Does It Work?

#News via #NYTimes

  • The records of the Bitcoin network, including all balances and transactions, are stored on every computer helping to maintain the network — about 9,500 computers in late 2017.
  • Bitcoin mining refers to the process through which new Bitcoins are created and given to computers helping to maintain the network.
  • The computers involved in Bitcoin mining are in a sort of computational race to process new transactions coming onto the network.
  • Anyone can set his or her computer to mine Bitcoin, but these days only people with specialized hardware manage to win the race.
  • While several people have been identified as likely candidates to be Satoshi, as the creator is known in the world of Bitcoin, no one has been confirmed as the real Satoshi, and the search has gone on.

Growing in importance but still not well understood, Bitcoin is a virtual currency with a novel background.
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Is Blockchain the Future of Fin-Tech?

  • Here are a few reasons why the Blockchain technology could really be the future of Financial Technology (FinTech): – – Part of the reason why the Blockchain technology is considered innovative is its ability to completely diminish the need for a central management system or a central authority.
  • However, more and more companies and institutions are realizing the true potentials of the Blockchain technology, which goes beyond the application of currencies.
  • Many Blockchain projects are helping people around the world to easily utilize and integrate the Blockchain technology into their existing financial data-keeping and data-recording systems.
  • Financial applications such as Bitcoin on the Blockchain technology simply diminishes the need for a physical bank around to open a bank account and send or receive money.
  • Although it is true that the technology is still in its early beta stages with limited use cases within the Cryptocurrency industry, many projects are being introduced to help expand the use of this innovative technology.

The ever-increasing popularity of Cryptocurrencies has also helped shed light on what is known as the Blockchain technology. It is what helps decentraliz…
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Bitcoin splits again, creating a new cryptocurrency called bitcoin gold that then plunged 66%

Bitcoin splits again creating a new cryptocurrency called bitcoin gold that then plunged 66%

  • The price of bitcoin took a hit after the cryptocurrency underwent another split, with the newly-created bitcoin gold seeing its value plunge over 60 percent.
  • Bitcoin hit a low of $5,374.60 on Wednesday before recovering nearly $300.

Bitcoin underwent another “hard fork” that resulted in the creation of bitcoin gold.
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Bitcoin splits again, creating a new cryptocurrency called bitcoin gold that then plunged 66%

  • The price of bitcoin took a hit after the cryptocurrency underwent another split, with the newly-created bitcoin gold seeing its value plunge over 60 percent.
  • Bitcoin hit a low of $5,374.60 on Wednesday before recovering nearly $300.

Bitcoin underwent another “hard fork” that resulted in the creation of bitcoin gold.
Continue reading “Bitcoin splits again, creating a new cryptocurrency called bitcoin gold that then plunged 66%”

Is Blockchain the Future of Fin-Tech?

Proof Suite might no longer be as much of a secret.  @HuffPost

  • Here are a few reasons why the Blockchain technology could really be the future of Financial Technology (FinTech): – – Part of the reason why the Blockchain technology is considered innovative is its ability to completely diminish the need for a central management system or a central authority.
  • However, more and more companies and institutions are realizing the true potentials of the Blockchain technology, which goes beyond the application of currencies.
  • Many Blockchain projects are helping people around the world to easily utilize and integrate the Blockchain technology into their existing financial data-keeping and data-recording systems.
  • Financial applications such as Bitcoin on the Blockchain technology simply diminishes the need for a physical bank around to open a bank account and send or receive money.
  • Although it is true that the technology is still in its early beta stages with limited use cases within the Cryptocurrency industry, many projects are being introduced to help expand the use of this innovative technology.

The ever-increasing popularity of Cryptocurrencies has also helped shed light on what is known as the Blockchain technology. It is what helps decentraliz…
Continue reading “Is Blockchain the Future of Fin-Tech?”

Wealthy Remain Curious But Skeptical About Bitcoin, UBS CEO Says

Wealthy remain curious but skeptical about bitcoin, UBS CEO says

  • Photographer: Chris Ratcliffe/Bloomberg – – UBS Chief Executive Officer Sergio Ermotti said the world’s wealthiest are staying on the sidelines when it comes to crypto-currencies.
  • While JPMorgan Chase & Co.’s Chief Executive Officer Jamie Dimon famously panned bitcoin last month , saying he’d fire traders who bet on it, many financial firms have been exploring ways to leverage the blockchain technology underpinning crypto-currencies.
  • More from Bloomberg.com: The Smartest Americans Are Heading West – – Bitcoin has surged more than 300 percent this year, drawing the attention of hedge funds and wealthy individuals.
  • China cracked down on crypto-currency exchanges in September, while the U.S. Securities and Exchange Commission said in July that sales of some new digital currencies would be subject to rules just as equities are.
  • More from Bloomberg.com: Steel Firm Faked Data for Metal Used in Planes and Cars – – Read Wealthy Remain Curious But Skeptical About Bitcoin, UBS CEO Says on bloomberg.com

UBS Chief Executive Officer Sergio Ermotti said the world’s wealthiest are staying on the sidelines when it comes to crypto-currencies.
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Move over bitcoin, cash is still king

Move over #bitcoin, cash is still king

  • And it’s not only Americans who favor paper money — a separate study by PayPal – – cash is still king in most of Asia’s major markets – – Cardtronics said people might also favor paper for security reasons — and they may be right.The company said 84 percent of…
  • Harley J. Spiller, author of “Keep the Change: A Collector’s Tales of Lucky Pennies, Counterfeit C-Notes, and Other Curious Currency,” likes paper money for another reason: It’s simple.
  • And it’s not only Americans who favor paper money — a separate study by PayPal – – cash is still king in most of Asia’s major markets – – Cardtronics said people might also favor paper for security reasons — and they may be right.
  • Hackers have recently stolen millions of dollars worth of digital currencies – – security concerns, people may be right to seek comfort in paper money.
  • Harley J. Spiller, author of “Keep the Change: A Collector’s Tales of Lucky Pennies, Counterfeit C-Notes, and Other Curious Currency,” likes paper money for another reason: It’s simple.

Millennials might be bucking conventional wisdom, but paying with cash isn’t one of them.
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