Bitcoin Barbed Wire And The Crypto Anarchist Manifesto
Comparing Bitcoin to barbed wire from Timothy May’s “Crypto Anarchist Manifesto” can give insight into the gravity of this seemingly abstract invention. (Source) Some of Bitcoin's properties sound abstract. Properties like digital ownership, censorship resistance, decentralization and more. But the deeper you dig into the Bitcoin rabbit hole, the more you realize that Satoshi Nakamoto even implemented some mutually exclusive properties simultaneously: freedom of privacy and property rights. In fact, Bitcoin reconciles an uncensorable pseudonymous system and an extreme form of property....
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More than 150 startups and venture capitalists have backed a new manifesto outlining a number of recommendations for the UK's FinTech industry that include bitcoin-friendly legislation. The 'Startup Manifesto', as it is called, was published by the Coalition for a Digital Economy (Coadec) this week, and was authored by Guy Levin, the coalition's executive director. Notable investment firms backing the proposal include Index Ventures, King and Seedcamp. Coadec is sponsored by Google, Intuit, TechHub and iHorizon. FinTech recommendations. The document urges the British government to enact a....
As global elites converge on Davos for another grandiose international summit at taxpayer expense, one topic seems to be preying on their minds: disruptive technology. This article by Bloomberg's Matthew Campbell, reporting from Davos, compares the emerging technological threats to various megacorps with the Internet's historic challenge to record labels, travel agents and dead-tree media. We all know how that ended - and it seems even the 1% are scheduling some time away from the buffet tables and ski-slopes to fret over the situation. The $170 million InterContinental Hotel in Davos,....
User-driven apps have radically changed multiple industries, from ride sharing (Uber, Arcade City) to navigation (Waze), temporary housing (AirBnB), to business listing and review (Yelp). Decentralized defense and emergency response are the next logical step in the peer-to-peer revolution. After the much-touted Peacekeeper failed to produce a workable app, Cell 411 burst on to the scene with an app that works as an emergency dispatch service with a potential response efficiency far surpassing that of law enforcement. Decentralized Security For All. CoinTelegraph spoke with the....
UK Prime Minister David Cameron has given his nod to an ambitious manifesto presented by the industry think tank Innovative Finance, focused at making UK the world leader in the fintech sector by 2020. The manifesto sets ambitious goals of attracting $8bn of investment and for UK to become the global home of 25 top financial technology companies based on IPO, global market share or valuation, and help in creation of 100,000 jobs by 2020. Currently, the UK fintech sector generates £20bn of GDP and employs 135,000 people and investment in UK FinTech more than doubled last year to $623m,....
Bank of America's filing for a patent for a bitcoin wire transfer system last year was published by the U. S. Patent and Trademark Office (USPTO) on September 17, 2015. The patent seeks to protect a cryptocurrency wire transfer system in which funds sent by a customer electronically could be transferred using the blockchain of the underlying cryptocurrency. In particular, the bitcoin wire transfer system would convert the sender's funds at a cryptocurrency exchange then sent to another cryptocurrency exchange to be converted to foreign fiat currency before the funds are received. Bank of....