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....
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....
China’s crackdown on crypto mining could see offenders blacklisted from basic social and financial services if caught. China has ramped up efforts to quash cryptocurrency mining in its Inner Mongolia region by introducing new penalties for those caught engaging in the illegal activity. Officials unveiled new draft rules that would see harsher punishments applied to those caught mining Bitcoin (BTC) and other cryptocurrencies, per a report by the South China Morning Post. These would include placing offenders on a social credit blacklist, which would stop them from getting loans or even....