Blockchain Requires Radical Change, Not Compromise
To use radical new technology effectively, you have to be radical – otherwise, all you end up with is a retro-fitted version of the present system. The benefits of the new technology are watered down or overwhelmed by the need to maintain the practices associated with the old system – many of which only exist precisely because of its inefficiencies. The new technology can even seem less efficient than the old one, simply because it isn't designed for use with processes from the past. Blockchain and distributed ledger technology are radical. Together, they could transform the way finance....
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Running email systems on Bitcoin’s blockchain technology is becoming increasingly imperative, as current email services are cumbersome and no longer secure. Indeed, email service providers are using obsolete technology that has become too vulnerable to ever-more sophisticated hackers. Replace Outdated Email Systems With Blockchain-Based Email. After....
Radical. FM - a personal radio streaming service that's free of charge - is turning to the bitcoin community to help keep their offerings free to the public, according to a Friday announcement. The company describes itself in the following manner: Radical. FM is the most accurate streaming radio service in the world. We believe in a sustainable planet, global humanity, and local action. Radical is operated free of commercial interests on a Pay What You Can basis. We compensate artists, composers, and labels for all the music you stream. Donations received via the digital currency will be....
The new compromise amendment could still be added to HR 3684 through a unanimous consent request — provided no senators object. United States Senators putting forth differing amendments for provisions in the infrastructure deal that apply to crypto have reached a compromise after a legislative setback. In a press conference on Monday, Senator Pat Toomey said there was now a bipartisan agreement on an amendment to infrastructure bill HR 3684, backed by Cynthia Lummis, Rob Portman, Mark Warner, Kyrsten Sinema and Ron Wyden. The Pennsylvania lawmaker said the new amendment would exempt....
Gyft CEO Vinny Lingham has announced plans for his mobile gift card company to use bitcoin to enable gift card providers to issue more secure, consumer-friendly digital products. Announced at the annual SXSW conference, the news was revealed during a conference panel that sought to address the real-world applications of bitcoin, and included Boost VC CEO Adam Draper. Chain founder Adam Ludwin; and ChangeTip CEO Nick Sullivan. Currently in the R&D stage, the technology standard would "tokenize" gift cards, allowing gift cards to be transferred between peers and other digital wallets by....
Hard forks are a rather contentious issue in Bitcoin. The controversy surrounding hard forks can be seen most prominently in the context of Bitcoin XT 's implementation of BIP 101. While there have been successful Bitcoin hard forks in the past, the problem with hard forks of the Bitcoin blockchain is that they're, well, hard. Any change to the Bitcoin protocol that requires a hard fork essentially requires near-complete consensus to avoid a potential blockchain split. For example, there are many individuals in the Bitcoin development community who do not believe that BIP 101's use of a 75....