Bitcoin Governance 2.0: Let's Block-Chain Them
Governments all over the planet are scared shirtless of Bitcoin because it interferes with their ability to watch us from the cradle to the grave. But who said that they have the right to watch us in the first place? It's time to flip the tortilla. The politicians and their hordes of bureaucrats are our employees, paid with our money, and they are supposed to do what they are told. If someone has the right to watch, it's us who have the right to watch them. Let's force Big Brother to operate on a public blockchain where we can watch him. Let's Block-Chain Them! Fairy tale? Science fiction?....
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Bitcoin was designed to be a decentralized and trustless payment network - with the power to do this provided by the block chain and its ability to publicly confirm the digital currency's digital transactions. Rather contentiously, however, as the bitcoin economy expands, more and more transactions are being carried out off the block chain. Such transactions are tracked on private databases instead of the block chain, and cannot be publicly tracked. There are pros and cons to both systems. So, which are better? Off-block chain or on-block chain transactions? Visible payments. Legitimate....
Just last month CCN reported on the first ever Bitcoin wedding ring, which exists in the form of a wearable QR code, and now, one couple plans to become the first to use the Bitcoin block chain itself to register their marriage, where it will remain publicly visible for the life of the internet. In what is being dubbed a "Block chain Marriage," the wedding is taking place on Oct. 5 at the Disney World Coins in the Kingdom Bitcoin Conference, and is being performed during the Bitnation panel. Bitnation is a virtual nation of sorts, offering governance services via the Bitcoin block chain.....
A Block Parser reads the Bitcoin block chain. There is no encryption of the data stored in the block chain. Bitcoin is a pseudonymous system. Meaning, ECDSA key pairs are used to abstract the identity of users. However, the binary data in the block chain can be read. The block chain is a transaction database. Every full node participating in the Bitcoin network has the same copy. The Bitcoin protocol dictates its structure and is the means through which each node maintains a duplicate copy. Overall, the block chain is just a data structure for storing blocks. The block chain stores blocks....
Rabet, a consolidated non-custodial wallet made for DApps and DeFi Apps on the Stellar network is creating a community governed ecosystem through its governance token, RBT. There is a recent trend of on-chain governance that seeks to have users more engaged in cryptocurrency projects. The on-chain governance is there to guide the protocols to operate […]
The adoption of block chain technology will revolutionize capital markets as early as next year, according to a report by TABB research carried by CNBC TV. The report noted that the adoption is not a matter of if, but when. The TABB Group is a New York City-based company that provides insight on securities and investment management. The block chain, the report noted, serves as a big, decentralized ledger that records transaction information and stores it on a global network that can't be tampered with. It noted that R3, a fintech company, leads a 20-bank consortium that is developing a....