Digital Currencies Are Bringing to Reality Hayek’s Free Market Money
“When one studies the history of money one cannot help wondering why people should have put up for so long with governments exercising an exclusive power over 2,000 years that was regularly used to exploit and defraud them. This can be explained only by the myth (that the government prerogative was necessary) becoming so firmly established that it did not occur even to the professional students of these matters (for a long time including the present writer!) ever to question it. But once the validity of the established doctrine is doubted its foundation is rapidly seen to be fragile.” –....
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Halsey Minor, Founder & CEO of Bitreserve, has announced that his company will make holding, sending, and converting the world’s major currencies instant and free, without charging fees and commissions normally levied by banks, credit card companies, and money transfer businesses. Minor says that Bitreserve is offering free transfer and conversion of the money for its members. According to him, his company is bringing the very same consumer-focused vision that drove the creation of CNET, Salesforce.com, OpenDNS, Google Voice, and the other cloud-based services that he founded or cofounded.....
Virtual reality is an artificial environment that is created with software and presented to the user in such a way that makes it look as a real environment. The virtual reality industry is expanding faster than ever as new investments are being made to support future VR-based applications. The industry is now making big efforts to develop new approaches and new tools to improve the usability and allow anyone to explore the full potential of this new technology. Virtual Reality also seems to be the perfect place to use virtual currencies and now two companies are trying to bring digital....
In a blog post titled "Is 2016 the year that electronic currency challenges government?" on SiliconAngle, ace software personality Dr. John McAfee has said that governments have a strong interest in controlling digital currencies. "These governments are certainly interested in regulating and controlling the smallest things in our lives, and there is little doubt that its interests in digital currencies are going to be the same." He gave a strong vote of confidence to the possibility that digital currencies (such as Bitcoin) are an unavoidable reality for us. Central banks have also been....
Bitcoin is providing the world with the opportunity to use private money that is capable of competing with government-backed fiat. The point was taken forward by Prof. Ferdinando Ametrano, who currently teaches Bitcoin and Blockchain technology at the Politecnico di Milano. Speaking to ether.camp at the Blockchain: Money conference in London, Ametrano likened the impact that Bitcoin may have on the future of civilization with that of gold. That’s why he called the cryptocurrency “digital gold.” Distinguishing between Bitcoin and Ethereum. When asked if he distinguishes between Ethereum and....
With PlayStation, Xbox and Oculus Rift bringing gaming and virtual reality closer to mainstream popularity, 2015 looks to be an enormous market for the virtual reality industry as a whole. In response, Vizor wants to expand their services. Deemed the “YouTube of Virtual Reality,” Vizor allows anyone to create virtual reality videos and host them on their site for others to enjoy. With the drive to expand, they needed an option to crowd fund an initiative to support the development of an integrated authoring virtual reality toolkit. Instead of following the traditional, mainstream route of....