Lifeboat Foundation

The question breaks down into two parts:

1. For what public benefit? —and—
2. No, it cannot be achieved in this way

Governments are in the business of regulating certain activities—hopefully in an effort to serve the public good. In the case of business methods and activities, their goal is to maintain an orderly marketplace; one that is fair, safe and conducive to economic growth.

But regulation that lacks a clear purpose or a reasonable detection and enforcement mechanism is folly. Such regulation risks making government seem arbitrary, punitive or ineffective.

«— This is money. It is not a promissory note, a metaphor, an analogy or an abstract representation of money in some account. It is the money itself. Unlike your national currency, it does not require an underlying asset or redemption guarantee.

Continue reading “Can Bitcoin be defeated by legislation?” »

Here in the Lifeboat Blog, I have the luxury of pontificating on existential, scientific and technical topics that beg for an audience—and sometimes—a pithy opinion. Regular Lifeboat readers know that I was recently named most viewed Bitcoin writer at Quora under a Nom de Plume.

Quora is not a typical Blog. It is an educational site. Questions and numerous answers form the basis of a crowd-sourced popularity contest. Readers can direct questions to specific experts or armchair analysts. A voting algorithm leads to the emergence of some very knowledgeable answers, even among laypersons and ‘armchair’ experts.

During the past few weeks, Quora readers asked me a litany of queries about Bitcoin and the blockchain, and so I am sharing selected Q&A here at Lifeboat. This is my professional field—and so, just as with Mr. Trump, I must resist an urge to be verbose or bombastic. My answers are not the shortest, but they are compact. Some employ metaphors, but they explain complex ideas across a broad audience.

Continue reading “Bitcoin Pundicy: A Lifeboat Perspective” »

“Who rumors surfaced early last month that Australian cryptographer Craig Wright would attempt to prove that he created Bitcoin, Gavin Andresen remained skeptical. As the chief scientist of the Bitcoin Foundation, his opinion counts: Andresen is among the earliest programmers for the cryptocurrency, and likely the one who has corresponded more than anyone with Satoshi Nakamoto, Bitcoin’s pseudonymous, long-lost inventor.”

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Recently the Russia’s National Settlement Depository (NDS), an organization that provides settlement and depository services, began testing blockchain technology as a potential solution for a corporate e-proxy voting system. The results will not shock you but the origin of praise for the system just might.

NDS began looking into solutions for e-proxy voting in August of 2014. The prototype they recently tested is based on the NXT platform. The system also adheres to the ISO 20022 standard for messaging. NDS worked with the UK based DSX Technologies to develop the e-proxy voting system. The recent testing was conducted during a bondholder meeting.

With this e-proxy voting system, cascade messaging is enabled through a chain of nominee accounts. This chain is from the issuer to the voter and then back. In this configuration, NSD manages the database for the chain in order to ultimately oversee that all voting protocol was followed during the process. All of the information that is on the blockchain is then encrypted and able to be viewed by participants. The digital signatures embedded in the blockchain provide verification that the voting is within the time constraints allotted, all votes are accounted for, and that the process is transparent.

Continue reading “Russia’s NDS Uses Blockchain For E-Proxy Voting” »

Blockchaining coming to healthcare digital services.

Blockchain and digital health services could be a perfect match for each other across a variety of applications. From distributed interoperable health records to proof of adherence for medication, the healthcare industry is ripe for digital innovation. More generally, technology is a hyper-deflationary force, and this could be particularly effective in delivering quality health care through more effective channels such as mobile apps.

Investments in the digital health space have increased significantly in the past two years. This is largely possible because of improved low-power sensors and user-friendly cloud platforms that interface with those hardware devices. The Rock Health Funding Database shows a $4.5 billion increase in venture funding in digital health from 2014 to 2015.

Continue reading “Blockchain Smart Contracts: A Hyper-Deflationary Force for Health Care Delivery” »

I was talking to someone only last week about this plus leveraging GPU chips.

The United States Defense Advanced Research Projects Agency (DARPA) is advertising for a business to assist it in building a secure messaging app using distributed ledger (Blockchain) technology for the Department of Defense (DoD).

An advertisement for the role appeared on the Defense Business portal and states that there is a “critical DoD need to develop a secure messaging and transaction platform accessible via web browser or standalone native application.”

Continue reading “DARPA wants someone to build the DoD a new secure Blockchain based messaging platform” »

Again; many problems with AI & IoT all ties back to the infrastructure of things. Focus on fast tracking QC and an interim solution (pre-QC) such as a mix of Nvidia’s GPU, blockchain for financial transactions, etc. to improve the infrastructure and Net then investors will begin to pay more attention to AI, etc.

After more than 60 years since its conceptual inception — and after too many hype-generating moments — AI is yet again making its presence felt in mainstream media.

Following a recent WEF report, many perceive AI as a threat to our jobs, while others even go so far to assert that it poses a real threat to humanity itself.

Continue reading “What Does it Mean to ‘Move to the Cloud’? This eBook Breaks Down the Myths” »

I consider this as a nice interim step in maturing the digital platform environment for financial services. However, once Quantum Computing, Quantum Internet, etc. is available to the masses such as in China, etc. this solution will fail in protecting financial data and other PPI related information as recent research is showing us.

https://lnkd.in/bjcCJ-U

IBM is currently attempting to merge artificial intelligence and the blockchain into a single, powerful prototype.

Continue reading “IBM Watson is Working to Bring AI to the Blockchain” »

This Bitcoin 101 series of videos was made to give you the facts about what Bitcoin is, where it came from, how it works, and where it’s going. Guided by longtime Bitcoiners Tatiana Moroz and Stephanie Murphy, this will give you everything you need to know about the booming cryptocurrency.