Google Analyst: Bitcoin Could Be 'The Internet of Money'
Bitcoin holds potential to act as "the Internet of money" if regulated correctly, according to a new report from Google policy advisor Andy Yee. In an article for Internet Policy Review, Yee, who works as an analyst for Google's Asia-Pacific division, argues that certain sectors of the bitcoin economy should be targeted with regulation modelled on existing digital frameworks. Breaking the bitcoin ecosystem down into layers, Yee concluded that businesses that connect investors and consumers with digital currency should be subject to regulation. In contrast, users and developers are a poor....
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Google's not launching its own currency (not yet, anyway), but it does plan to soon let people send each other money as easily as sending an email. In fact, it's going to let people send each other money by sending emails. Over coming months, Google's Gmail users will find a "$" icon added to their email attachment options. When they click the symbol they can specify how much money they want to send to whom. The service will at first be available in the US only, to users 18 years of age and older. Recipients do not have to have a Gmail account or Google Wallet. For users whose bank....
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India is one of those countries where Bitcoin and blockchain technology could thrive. With a large part of the population being rather tech-savvy, it only makes sense these people would be open-minded towards any new form of technology coming their way. But there is one critical issue: internet connectivity in the country is not up to par. Google want to change that by bringing hundreds of free Wi-Fi spots to railway stations in India. Despite its very large population, there are still hundreds of million of people in India without proper internet access. This is a critical issue that....
U. S. Government factions run amuck are on their way to reaching their goal of having serious repercussions on The Internet and the future of free global online communication. The NSA has already successfully strong-armed Yahoo and other major databases into submission and full data transfer through coercion. Now the backlash of such dastardly deeds and unconstitutional government behavior may cause the rest of the world to react defensively, and "break The Internet," as we know it. Eric Schmidt, Executive Chairman of Google, has sounded the alarm at a recent Silicon Valley tech meeting,....