10 Quotes That Defined Consensus 2016
Held one week ago in New York City, CoinDesk's Consensus 2016 blockchain conference brought together speakers from all over the world to unveil new products, discuss the major issues of the day and begin to help plotting a course forward for the future of the industry. The biggest moments? From Delaware Governor Jack Markell's announcement that his state is to seek a legal classification for blockchain shares to 21 Inc CEO Balaji Srinivasan’s unveiling of a major software suite aimed at creating a bitcoin-based economy, Consensus 2016 saw its fair share of big ideas – and those pitching....
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Consensus 2015, CoinDesk's inaugural conference, was held in New York last week. The event featured a wide range of speakers, including prominent figures from the crypto space, traditional finance, law enforcement and aid sector who engaged in a wide range of discussion topics; including the potential use-cases for bitcoin and blockchain technology. Below is a round up of the best quotes from the day's discussions, in case you missed the event. For a more detailed overview of the day's proceedings check out our live blog or our summaries of the morning and afternoon sessions. Consensus....
When I first started working to develop bitcoin applications in 2011, I assumed it was a fairly stable protocol that would be unlikely to change in drastic ways – the rules were well-defined and the network was open to participation by anyone who adhered to these rules. Despite noting plenty of ways the system's design could have been made better in hindsight, it was clear that getting everyone on the network to adopt changes to these rules would be a difficult task. It was feasible to have multiple implementations as long as they all followed the same rules. But even relatively small....
The MIT Digital Currency Initiative (DCI) has announced more than $100,000 in scholarships and support for underrepresented minorities and women to attend Consensus 2016: Making Blockchain Real. In collaboration with CoinDesk, the DCI will be selecting 50 Consensus Scholars to attend the event from 2nd to 4th May in New York City. This will be our second year collaborating on a scholarship effort for the conference – we are excited to continue to foster a more diverse community of attendees at Consensus. A study conducted on “Consumer Attitudes on Bitcoin and Other Virtual Currencies”....
After Showing its strength to a massive public scope from traditional media, the bitcoin price has started the next climb, which is set to double quotes during December. Prices built an intermediate level at $700, creating a premature lateral sideways market, which was estimated to form at a higher level, increasing volatility in a big flag pattern. Once the flag pattern appears, we should see another short climb to the technical objective at $820 and beyond. If this forecast comes true, then the euphoric bubble would be on, doubling the present quotes before the end of 2016. Since August....
It has been said that bitcoin is in a crisis as its community attempt to reach consensus on how best to scale the technology to increase its capacity, and the evolving debate was on display at Consensus 2016 today. Perhaps the day's most visible panel was one featuring former Bitcoin Core maintainer Gavin Andresen, who just the night before had revealed he believes he has received proof that Australian cryptographer Craig Wright is bitcoin creator Satoshi Nakamoto. As a result, when Andresen joined Ethereum investor Vitalik Buterin; Bitcoin Core developer Eric Lombrozo; and Neha Narula of....