Why Bitcoin Is The Solution To The “Powell Problem”
Legendary investor Stanley Druckenmiller gave an interview to CNBC’s Squawk Box strengthening the theory of Bitcoin as a store of value. Druckenmiller talked about the possibility of the U.S. dollar losing its status as a reserve asset and the rise of BTC and cryptocurrencies to solve a problem accelerated by the current economic crisis and […]
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As the Bitcoin community struggles to reach an agreement on the block size, the shortfalls in the current consensus mechanism are becoming apparent with politics, community infighting and “whiny rage-quitting.” So how can the Bitcoin community know that the information available in the wild is accurate? Could prediction markets, i.e. Bitcoin futures, aid....
tibdit is about to launch the world’s first digital bitcoin based micropayment system. This company has designed a new kind of micropayments service based on cryptocurrency technology, specifically designed for online service providers, online content and online shopping in a way that appeals to the general public. The tibdit platform app is designed to allow anonymous micropayments that are rechargeable using card payments in national currencies such as GBP, EUR and USD. A sheer number of companies already attempted to present a solution for casual online micropayments but no one until....
In glittery surroundings, next to the skyscrapers of London, the financial capital of the world, a packed room of blockchain enthusiasts heard from Edan Yago, CEO of Epiphyte, former employee at Zynga. We are preparing for a world where “95% of your customers are not human,” he says. The current financial system does not scale for machine to machine transactions, Yago argued, as they address it like a “liberal arts problem” leaving us with a “chain of corresponding banks” which are not interoperable. Visa, for example, does not communicate with mastercard, Yago says. Public blockchains....
Blockchains have a problem — they’re growing too fast. Not in the sense that they’re been adopted too quickly or that they’re becoming increasingly useful, but in the literal sense — they are simply getting larger in terms of their digital footprint. As a complete archive of all the transactions that have ever taken place on […]
As security of cryptocurrency exchanges is being increasingly questioned in the wake of the recent Bitfinex hack, the developers at Blocknet are calling for an exodus to leave centralized exchanges behind. ‘It’s Time to Remedy the Problem’ – Blocknet. This year there has been quite a few breaches of cryptocurrency exchanges. Platforms such as Gatecoin,....