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Archive for the ‘cryptocurrencies’ category: Page 48

Dec 11, 2018

How developments in Quantum Computing could affect cryptocurrencies

Posted by in categories: bitcoin, computing, cryptocurrencies, economics, mathematics, particle physics, quantum physics

by Eloisa Marchesoni

Today, I will talk about the recent creation of really intelligent machines, able to solve difficult problems, to recreate the creativity and versatility of the human mind, machines not only able to excel in a single activity but to abstract general information and find solutions that are unthinkable for us. I will not talk about blockchain, but about another revolution (less economic and more mathematical), which is all about computing: quantum computers.

Quantum computing is not really new, as we have been talking about it for a couple of decades already, but we are just now witnessing the transition from theory to realization of such technology. Quantum computers were first theorized at the beginning of the 1980s, but only in the last few years, thanks to the commitment of companies like Google and IBM, a strong impulse has been pushing the development of these machines. The quantum computer is able to use quantum particles (imagine them to be like electrons or photons) to process information. The particles act as positive or negative (i., the 0 and the 1 that we are used to see in traditional computer science) alternatively or at the same time, thus generating quantum information bits called “qubits”, which can have value either 0 or 1 or a quantum superposition of 0 and 1.

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Dec 5, 2018

Quantum computers put blockchain security at risk

Posted by in categories: bitcoin, computing, cryptocurrencies, encryption, finance, government, health, internet, quantum physics, security

The longer-term answer is to develop and scale up the quantum communication network and, subsequently, the quantum internet. This will take major investments from governments. However, countries will benefit from the greater security offered13. For example, Canada keeps its census data secret for 92 years, a term that only quantum cryptography can assure. Government agencies could use quantum-secured blockchain platforms to protect citizens’ personal financial and health data. Countries leading major research efforts in quantum technologies, such as China, the United States and members of the European Union, will be among the early adopters. They should invest immediately in research. Blockchains should be a case study for Europe’s Quantum Key Distribution Testbed programme, for example.


Bitcoin and other cryptocurrencies will founder unless they integrate quantum technologies, warn Aleksey K. Fedorov, Evgeniy O. Kiktenko and Alexander I. Lvovsky. Bitcoin and other cryptocurrencies will founder unless they integrate quantum technologies, warn Aleksey K. Fedorov, Evgeniy O. Kiktenko and Alexander I. Lvovsky.

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Nov 26, 2018

Bitcoin Cash Wars End With No Relief for Biggest Cryptocurrency

Posted by in categories: bitcoin, cryptocurrencies, policy

Update on bitcoin crash https://www.bloomberg.com/news/articles/2018-11-23/b…tocurrency https://paper.li/e-1437691924


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Nov 25, 2018

Ohio is the first state to accept bitcoin for paying business taxes

Posted by in categories: bitcoin, business, cryptocurrencies

The option is limited to businesses, but it’s another step toward US legitimacy for cryptocurrency.

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Nov 19, 2018

Transhumanism Becoming the ‘Relentless Drumbeat’ Shaping Our Future – Advocate

Posted by in categories: bioengineering, cryptocurrencies, economics, geopolitics, security, surveillance, transhumanism

Following recent trends in state-of-the-art developments, from cryptocurrencies and universal basic income to biohacking and the surveillance state, transhumanism has been moved into the limelight of political discourse to reshape humanity’s future.

Andrew Vladimirov, Information security specialist, biohacker and one of the original members of the Transhumanist Party UK, spoke in-depth with Sputnik about the rise of transhumanism and its implications.

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Nov 16, 2018

When the Fork Forks: What You Need to Know as Bitcoin Cash Goes to War

Posted by in categories: bitcoin, cryptocurrencies

Bitcoin seems largely a ‘psychological’ currency whose value oscillates mostly in response to changes in folk’s opinions rather than shifts in some real underlying store of value, imo https://bitcoinmagazine.com/articles/when-fork-forks-what-yo…-goes-war/ https://paper.li/e-1437691924


Here’s what you need to know to get up to speed.

As a quick reminder, what is Bitcoin Cash again?

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Nov 14, 2018

Bosch Boosts IOTA With New Device Connectivity For IoT Data Collection

Posted by in categories: bitcoin, cryptocurrencies, engineering, internet

Multinational engineering and electronics giant Bosch recently highlighted a new device connectivity method which will work with the Iota marketplace, among other things, for real-time IoT (Internet of Things) data collection and sales.

Data Collection for the IOTA Marketplace

In a recent blog post the firm opened with a quote from 1999 from Nobel Prize winner Milton Friedman extolling the virtues of anonymously transferring funds on the internet, way before cryptocurrencies were even conceived. It continued to elaborate on the Iota ecosystem, its advantages over Bitcoin, and why it has been chosen as a partner.

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Nov 7, 2018

Blockchain millionaire plans smart city in Nevada desert

Posted by in categories: bitcoin, business, cryptocurrencies

Cryptocurrency millionaire Jeffrey Berns has revealed plans to develop a large parcel of Nevada’s desert into a smart city powered by blockchain technology.

Berns, who made a fortune selling cryptocurrency last year, plans to transform the 67,000-acre (27,113-hectare) plot in the north of the US state after paying reportedly paying $170 million (£130 million) for the land.

The site known as Innovation Park, which neighbours hubs of major tech giants including Google, Apple, Switch and Tesla, is already home to the headquarters of his company Blockchains – an incubator that supports ventures and businesses using blockchain technology.

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Nov 1, 2018

Will we all be using a blockchain currency some day?

Posted by in categories: bitcoin, cryptocurrencies, economics, government

At Quora.com, I respond to quetions on Bitcoin and Cryptocurrency. Today, a reader asked “Will we all be using a blockchain-based currency some day?”.

This is an easy question to answer, but not for usual Geeky reasons: A capped supply, redundant bookkeeping, privacy & liberty or blind passion. No, these are all tangential reasons. But first, let’s be clear about the answer:

Yes, Virginia. We are all destined to move,
eventually, to a blockchain based currency.

I am confident of this because of one enormous benefit that trumps all other considerations. Also, because of flawed arguments behind perceived negatives.

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Oct 25, 2018

You don’t understand Bitcoin because you think money is real

Posted by in categories: bitcoin, cryptocurrencies, economics, government, internet

Maria Bustillos is founder of the blockchain supported publication, Popula. I stole the title of this post from her essay at Medium.com (linked below).* I hope that Maria considers it a tribute rather than title-plagiarism. Her article is blocked by a pay wall, so allow me to explain a concept that confounds even a Nobel Prize winning economist. My take on the issue is somewhat different than Ms. Bustillos.

The difficulty understanding or appreciating Bitcoin boils down to a misconception that the dollar is backed by something more tangible, such as gold, guns or the promise of redemption. Not only is this an illusion, but Bitcoin is backed by something far more tangible, intrinsic and durable.

The illusion that “real” value emanates from government coupled with a robust consumer economy has been woven into our DNA for millennia. But, the value we attribute to a Dollar, Euro, or Yuan is a result of conditioning rather than any intrinsic value. That same conditioning has led us to believe that there is something sane and inherent in a nation that controls its money supply and its monetary policy.

Most public works projects—power generation, space ships, or the telephone network—were controlled by government in the past. If not, they were regulated as a licensed monopoly. This creates a choke point, a lack of competition, and a gaping opportunity for inefficiency, mismanagement or graft. It defies a free market economy and it concentrates power in the hands of politicians. But, at one time, it seemed necessary.

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