Google Director says cryptocurrencies are inevitable
Google Direct of Ideas Jared Cohen. In an appearance at SXSW yesterday, Google's Director of Ideas issues a statement that cryptocurrencies like Bitcoin and several altcoins aren't likely to be disappearing soon. "I think it's very obvious to all of us that cryptocurrencies are inevitable", said Cohen during a conversation with Google Chairman Eric Schmidt. While being positive about the value of cryptos, Cohen also claimed that there remains a danger as long as the coins aren't being regulated. "Even though the future of Bitcoin seems to be assured, it's unclear how the technology will....
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What does the Director of Ideas at a company at the forefront of technology think about cryptocurrencies like bitcoin? Their inevitability, of course. "I think it's very obvious to all of us that [cryptocurrencies] are inevitable," Jared Cohen of Google was quoted as saying in a conversation with company chairman (and former CEO) Eric Schmidt at SXSW to promote their jointly-authored book The New Digital Age, according to TechCrunch. "There's lots of value to it," he said, and also "there's a danger to it not being regulated." Cohen posed the question: "Is Bitcoin the model, or the master....
Although Google hasn't yet made any moves related to digital currencies, the search giant's Director of Ideas Jared Cohen believes they are here to stay. Speaking at SXSW - the annual interactive conference and festival held in Austin, Texas - Cohen said it is still unclear how digital currencies will develop, as they are a "pretty new space", reports TechCrunch. Jared said the future of digital currencies like bitcoin is clear: "It's very obvious to all of us that cryptocurrencies are inevitable." No plans... yet. While Google's entry into the space would be a watershed moment for digital....
Speaking at the Computer History Museum, Google Chairman (and former CEO) Eric Schmidt had some good things to say about bitcoin. "[Bitcoin] is a remarkable cryptographic achievement," he said on a panel. "The ability to create something which is not duplicable in the digital world has enormous value." And while Schmidt wasn't exactly singing praises with regard to bitcoin's implementation as a currency, he see this technology as important. "The bitcoin architecture, literally the ability to have these ledgers which can't be replicated, is an amazing advancement," he continued. "Lot's of....
It is ‘deja vu’ all over again as Google prepares for a future that seems inevitable. Like the millennium bug of the late 90s, Practical Quantum Computing looks like the next big turn in this era of internet security and encryption. Preparing for Advanced Quantum attacks. The prevailing concern is that in the near future, personal information may not be so secure as hackers could employ higher level computing procedures, otherwise known as Advanced Quantum attacks to crack current encryption techniques. Considering the potential weakness of encryption which could make it vulnerable in the....
Google has warned users about the use of its Google Cloud platform by malicious actors to mine cryptocurrencies. In its latest Cloud Threat Intelligence report titled “Threat Horizons,” which provides users with security insights, the company informed that 86% of the compromised instances on Google Cloud platforms were being used to mine cryptocurrencies. Most of the accounts compromised were secured with weak passwords or with no password at all.
Google Cloud Used to Mine Cryptocurrencies
Software giant Google is alerting users about malicious actors using....