According to an article in the Futurism, "China’s central bank — the People’s Bank of China — has developed a prototype of a cryptocurrency that it could end up in circulation in the near future. It wouread more
There's a potential buy set up for XRP.
(IMPORTANT: This is not an advice for you or anybody to do anything.) read more
Initially, I was relieved to hear that the Bitcoin community seems to be doing something to advance the technology in light of the network getting too slow and transactions taking too long to be confirmed. I was of the thinking that, "any action is better than none". But an article written by Dr. Craig Wright made me rethink that SegWit, as it is being proposed now, is risky. read more
Today, (Thursday, 15 June) prices for Bitcoin, Ethereum and the majority of Cryptocurrencies are nosediving. It started yesterday, actually. I tried searching for what the reason could be. So far here are potential contributors:
1. There is an announcement that some mining company is going to fork Bitcoin.
So what? They split Bitcoin, then you just choose which version you like right? It is no reason to panic now. read more
Hypernormalisation is a film by Adam Curtis broadcasted by the BBC. It is just a great film to assist us in the momentous task of piecing certain events that can help explain where we find ourselves and our world today. Most of us do not have time to think and analyse all the relevant news articles and reports that come out. So we do not really know what is going on in the world. Adam Curtis has taken it upon himself to do this for us. read more
Bitcoin is splitting between BTC and BTU. BTC is Bitcoin Core and BTU is Bitcoin Unlimited.
Why is Bitcoin splitting? Bitcoin is splitting because it is growing in use and popularity. It is considered normal that new technologies go through such growing pains. Put simply, Bitcoin is approaching a technical limit (1MB block size).This poses issues about how the system can handle more transactions. For years, the Bitcoin community had been discussing how to solve it.read more
How can America's democratic system produced Donald Trump as its President? Is there really no one else more qualified or suited to be the President of the most powerful and most influential nation on Earth? Isn't Democracy supposed to be a system where people elect who they want as their leader? How can this system, a system that is supposed to be a shining example of democracy, produced a man who is surely now one of the, or THE most hated person in America and the world?read more
Rodrigo Duterte is the new President of the Philippines. The UN and the US have previously raised concerns for his war on drugs and corruption. He rejected all criticism vehemently. This is his Christmas message to the Filipino people.read more
Like most people, I had a quiet confidence that Hillary Clinton was going to win the US election. “If Trump is lucky enough, the number of votes he will get might come close but, Hillary will pull through in the end”, I thought. Like those those in the Clinton camp who began their pre-emptive celebrations popping open champagne bottles, I was shocked to find out that Trump had won. read more
Looking at the last few months, comparing the exchange rates between Bitcoin, the Australian dollar, the Euro and the US Dollar, as well as the news in India, Europe and China, there is tension visible on the trading charts.
Traders and investors seem to be jostling for positions and placing their bets. It seems optimistic to me. There's a heightened probability that Bitcoin is about to strongly push above its current price.read more
Brexit has raised a few problems for people and companies in the UK, now that its people have voted to exit the EU. Estonia, a smart cookie, in this story is wanting to provide a solution for those who wish to remain part of the EU. From what I understand, you can incorporate in Estonia, without being a resident or a citizen there. It is an interesting proposition to look into. I am all for giving governments competition for their services.read more
I love videos that compress a tonne of information in a few short minutes. Here's one to give us a short history of the Mafia. read more
According to an article (link below) : "The European Central Bank (ECB) has proposed a directive of the European Parliament and of the Council stating that ‘virtual currencies do not qualify as currencies from a Union perspective,’ and wants digital currencies to be explicitly defined as not legal currencies or money... the use of digital currencies, such as bitcoin, pose a threat as terrorists and criminal groups are able to transfer money within digital currency networks with a certain leveread more
In addition to what I blogged about yesterday, about the European Central Bank wanting more control over Bitcoin, Andreas Antonopoulos talks about Hard Promises and Soft Promises, about Autonomy instead of Authority.
I am definitely with him. Bitcoin's Blockchain feature of unalterable record of all transactions is not a weakness. It is a strength. Do not change it. Being able to change the details of transactions is like being able to change how history is written in textbooks. read more
I think that you can tell that there is no god when you consider the way majority of people die. When a soldier, or a policeman die in their duty, it is easy for us to put their lives and their passing in some grand context. It is easy enough to generate a background story or a theme to create meaning as to how that person lived and how and why he or she had died. But when you look at the news to see how many people die, you get a sense that it is all just random.read more
This has been something I've always observed: our tendency to relate to fictional characters. Apparently, it has a term: Parasocial Interactions. read more
SIMON COTTEE wrote an article as to why ISIS' propaganda is effective in attracting youths. Our problem is that we haven't countered it with a better narrative, a better story.
After the attacks in Belgium, it is obvious that we are not doing enough in providing a narrative that can give hope to young men who are susceptible to the type of propaganda ISIS has been producing. read more
Dr. Jim Chalmers MP is the Federal Member for Rankin. He is the Shadow Minister for Financial Services and Superannuation, the Shadow Minister for Sport, and the Shadow Assistant Minister for Trade, Investment and Productivity, wrote an article and argued for Australia taking advantage of Blockchain. read more
Our brains throw away half of all new material within an hour. By Day 30, we’ve retained about 2-3%.
Source: A BBC Article titled, The mystery of why you cant remember being a baby.read more