Permissionless Bitcoin Creates Job Opportunities for Ex-Offenders
Ex-offenders often face tremendous social and financial challenges after their incarceration. However, bitcoin can offer them new ways to reintegrate back into society. The stigma of a criminal record often jeopardizes ex-offenders’ job opportunities — and may even deny them bank accounts, due to eligibility requirements. The number of unemployed....
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The NEAR blockchain completed a major milestone this week after stakers and delegators voted on the governance rules of the network. The purposeful decentralization of power by the NEAR team effectively completes the blockchain’s transformation to becoming public and permissionless, run only by a democratically governed community. NEAR Goes Permissionless The transfer of power to […]
Investors may be realizing the same deflationary market mechanisms that apply to bitcoin’s scarcity creates similar opportunities in NFTs.
In an interview with IBTimes, blockchain specialist Nick Szabo has said that the banks would need to abide by the same principles as are followed by Bitcoin, if they want to get more out of blockchain. For that, he said, the banks will have to accept the system of 'permissionless blockchain.'. He also said that if the banks decided to go on the path of permissionless blockchain then they will not only do as good as the current companies but also may end up surpassing them. However the cryptocurrency specialist was quick to point out that since the bureaucracies are keenly focused on the....
In a permissionless environment like bitcoin, absolute immutability is one of blockchain's greatest strengths. For those who only believe in the permissionless mode of blockchain solutions, there is no need to discuss alternatives. But as industries explore new uses for blockchain beyond cryptocurrency and permissionless systems, there will be situations when that same immutability could make it difficult for the technology to advance. For decentralized cryptocurrency systems, immutability has been crucial in building trust between parties and faith in the system, and that has resulted in....
Rights Brigade, a New Hampshire-based rights group, is using a Bitcoin-fueled approach to activism to prevent victimless crime culprits from going to jail. The purpose of its Jury Nullification Outreach Campaign is to educate Jurors about their rights so that they could avoid sending innocent people to prison. Statistics show that 86 percent of Americans go to jail for victimless crimes like substance use and public order disturbance. It is tough to understand why people are incarcerated for hurting no one but themselves. Cointelegraph spoke to Joel Valenzuela the founder of the Rights....