Is Bitcoin the Red Pill? Unplugging the Matrix.

Is Bitcoin the Red Pill? Unplugging the Matrix.

The premier decentralized digital currency Bitcoin has gained widespread mainstream attention over the last year. While many are embracing this new peer-to-peer payment system, others have voiced strong suspicion and offer stinging criticism. The divergence of opinion surrounding Bitcoin is a predictable pattern that happens with any major innovation.....


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Blockchain as the Matrix: Are We Entering a Virtual Life?

“This is your last chance. After this, there is no turning back. You take the blue pill — the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill – you stay in Wonderland and I show you how deep the rabbit-hole goes.” –Morpheus, The Matrix Recently, supreme technologist Elon Musk proclaimed his belief that “The odds that we’re in base reality is one in billions.” Skeptics worldwide broke down in grotesque inspection of this claim, as the possibility of living within a grandiose video game challenges society’s collective ability to cope with....

Martin Shkreli Arrested for Fraud: How the Blockchain Could Have Stopped this AIDS Pill Price Gouger

A few months ago, Turing Pharmaceuticals executive Martin Shkreli spread outrage across the world when he bought the rights to an HIV/AIDS medication and raised the price from $13.50 USD to $750. Shkreli made waves again when he purchased the highly desired, only copy of Wu Tang’s Once Upon a Time in Shaolin for $2 million. Now, might get his just desserts in prison, as the Federal Bureau of Investigation has arrested him for securities fraud. According to prosecutors, Shkreli illegally used stock from Retrophin — a company he used to own — to pay off debts. Newsweek reported that his....

Goldman-Backed Circle E-Payment Network Gets UK Licence, Partners with Barclays

Is regulation and big banks participation the pill that the doctor ordered for Bitcoin companies to flourish? UK e-money licence. Barclays and Circle through their path-breaking partnership have demonstrated that banks do not need to fear dealing with Bitcoin companies. One can expect many more cryptocurrency-based companies to enter the financial mainstream in the coming months. Circle, the social payment network backed by Goldman Sachs, has launched its services in the UK. It has received an e-money licence and has partnered with Barclays in this initiative. On 5 April, Circle was....

Robocoin Bitcoin ATMs Can Now Run Lamassu Open Source Software

Robocoin Bitcoin ATM operators now have a new attractive alternative to abiding by Robocoin's new compliance standards. In response to Robocoin's move to enforce AML/KYC compliance for all of its ATM operators (even non-American ones), some Bitcoin enthusiasts have banded together to port Lamassu's open source Bitcoin ATM software to run on Robocoin's hardware. Currently, the Lamassu Robocoin ATMs only have buy functionality; however, both sell and optional AML/KYC features are also in the works. Also read: Bitcoin ATM Disappointment and the Huge Bank-like Fees for Using Them. New....

How Anonymous is Bitcoin? A Backgrounder for Policymakers

Adam Ludwin co-founded Chain.com, a bitcoin developer platform. Prior to Chain, Adam was a venture investor in companies including Vine, Slack, Kik, and Paperless Post. In this article, he addresses the distinction between privacy and anonymity in bitcoin. Bitcoin is often described as a way to transact anonymously. But just how anonymous is it? First off, it is useful to draw a basic distinction between anonymity and privacy in the context of financial transactions. We will call a transaction "anonymous" if no one knows who you are. We will call a transaction "private" if what you....