THE STORY Bitcoin is still a thing -- a thing people are confused by. Turns out being a currency that could change the future of payments isn't easy. ...
If you know what Bitcoin is and have been following its development, you've probably heard the news. Stock exchanges have begun to take bitcoins seriously. This looks like a breakthrough, especially considering the fact that the NYSE now uses Bitcoin-like mechanisms when issuing securities.
Escalating tensions between the US and China, while ominous, offer a useful reminder that the artificial division of our world into separate nation-states may no longer serve us, and present a compelling reason to consider a better model.
Activists can improve their alternative media success by embracing alternative currencies like Bitcoin. I live in Britain where I've just witnessed an entire generation of activists get their clock's cleaned by a Conservative sweep in the May 7th Parliamentary elections.
Just as a true artist lives by his or her art--creating and being remembered through a legacy of masterpieces--Nakamoto's anonymity perfectly mirrors the anonymity of his Bitcoin masterpiece.
The Comcast-Time Warner Cable deal may have been killed because regulators didn't believe that the resultant mega-ISP could be trusted as a central authority, but we are just a few years away from the emergence of a trustless society where digital citizens, like you and me, would have taken away that danger.
At the core of the next generation of the Internet is the technology underlying the digital currency Bitcoin: the blockchain. At its most basic, the blockchain is a global spreadsheet, an incorruptible digital ledger of financial transactions that can be programmed to record virtually everything of value and importance to humankind.
The notion of national currencies and fiat money is central to modern economies and government financing. I can't see a world in the foreseeable future, where sovereign nation states give up the control over what currency must be used for conducting its business.
Late last month, ISIS was driven out of the Syrian city of Kobani, thanks to over 100 days of US-led airstrikes and the actions of Kurdish fighters. But this could also be bad news for other parts of the country and potential targets abroad, as this Sunni extremist organization reorients its focus. What can we expect of ISIS in the coming months?
The general acceptance of Bitcoin could have profound consequences, leading to a more egalitarian distribution of wealth and a more stable society. But in order for that to happen, there are two important things we must do.
We must not allow this new "Freecoin" to be owned or bought and sold with real money. For the moment that a currency becomes interest-bearing and is subject to transaction and storage charges, it becomes a tradable commodity itself and it loses its equalizing value.
In mid December, Time Inc. was the latest in a string of companies to announce that it would start accepting bitcoin in payment, following on the heel...
A world where much of the communication, transactions, commerce have to be over a dark web would be a pretty effed up place, like one where people had to pass along literature through samizdat and do commerce in back alleys.
Today, the technology industry is more powerful and better organized than it was when it won the first Crypto War. However, I am concerned that the industry underestimates the threat posed by regulators reluctant to use strong crypto.
Nevertheless, the BITCOIN idea is sheer Proustian in its alternative logic and shares the main features of Harai's description "humans are different because they inhabit an imagined world."
It's only appropriate that we'd end the year with the Bitcoin Bowl. And it's quintessentially American to celebrate a new and disruptive technology with a televised sporting event from a massive, air conditioned arena in the subtropics.