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Archive for the ‘cryptocurrencies’ category

Nov 14, 2018

Bosch Boosts IOTA With New Device Connectivity For IoT Data Collection

Posted by in categories: bitcoin, cryptocurrencies, engineering, internet

Multinational engineering and electronics giant Bosch recently highlighted a new device connectivity method which will work with the Iota marketplace, among other things, for real-time IoT (Internet of Things) data collection and sales.

Data Collection for the IOTA Marketplace

In a recent blog post the firm opened with a quote from 1999 from Nobel Prize winner Milton Friedman extolling the virtues of anonymously transferring funds on the internet, way before cryptocurrencies were even conceived. It continued to elaborate on the Iota ecosystem, its advantages over Bitcoin, and why it has been chosen as a partner.

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Nov 7, 2018

Blockchain millionaire plans smart city in Nevada desert

Posted by in categories: bitcoin, business, cryptocurrencies

Cryptocurrency millionaire Jeffrey Berns has revealed plans to develop a large parcel of Nevada’s desert into a smart city powered by blockchain technology.

Berns, who made a fortune selling cryptocurrency last year, plans to transform the 67,000-acre (27,113-hectare) plot in the north of the US state after paying reportedly paying $170 million (£130 million) for the land.

The site known as Innovation Park, which neighbours hubs of major tech giants including Google, Apple, Switch and Tesla, is already home to the headquarters of his company Blockchains – an incubator that supports ventures and businesses using blockchain technology.

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Nov 1, 2018

Will we all be using a blockchain currency some day?

Posted by in categories: bitcoin, cryptocurrencies, economics, government

At Quora.com, I respond to quetions on Bitcoin and Cryptocurrency. Today, a reader asked “Will we all be using a blockchain-based currency some day?”.

This is an easy question to answer, but not for usual Geeky reasons: A capped supply, redundant bookkeeping, privacy & liberty or blind passion. No, these are all tangential reasons. But first, let’s be clear about the answer:

Yes, Virginia. We are all destined to move,
eventually, to a blockchain based currency.

I am confident of this because of one enormous benefit that trumps all other considerations. Also, because of flawed arguments behind perceived negatives.

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Oct 25, 2018

You don’t understand Bitcoin because you think money is real

Posted by in categories: bitcoin, cryptocurrencies, economics, government, internet

Maria Bustillos is founder of the blockchain supported publication, Popula. I stole the title of this post from her essay at Medium.com (linked below).* I hope that Maria considers it a tribute rather than title-plagiarism. Her article is blocked by a pay wall, so allow me to explain a concept that confounds even a Nobel Prize winning economist. My take on the issue is somewhat different than Ms. Bustillos.

The difficulty understanding or appreciating Bitcoin boils down to a misconception that the dollar is backed by something more tangible, such as gold, guns or the promise of redemption. Not only is this an illusion, but Bitcoin is backed by something far more tangible, intrinsic and durable.

The illusion that “real” value emanates from government coupled with a robust consumer economy has been woven into our DNA for millennia. But, the value we attribute to a Dollar, Euro, or Yuan is a result of conditioning rather than any intrinsic value. That same conditioning has led us to believe that there is something sane and inherent in a nation that controls its money supply and its monetary policy.

Most public works projects—power generation, space ships, or the telephone network—were controlled by government in the past. If not, they were regulated as a licensed monopoly. This creates a choke point, a lack of competition, and a gaping opportunity for inefficiency, mismanagement or graft. It defies a free market economy and it concentrates power in the hands of politicians. But, at one time, it seemed necessary.

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Oct 21, 2018

Yale Invests in Crypto Fund That Raised $400 Million

Posted by in categories: cryptocurrencies, education

Yale University, the Ivy League school that has invested in everything from Puerto Rican bonds to timber in New Hampshire, is getting into the market for cryptocurrencies.

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Oct 18, 2018

A new form of cryptocurrency promises to defy financial gravity

Posted by in categories: cryptocurrencies, finance

Can stablecoins live up to their name?

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Oct 7, 2018

Ric Edelman: Bitcoin will be an asset class

Posted by in categories: bitcoin, cryptocurrencies, economics, finance, government, innovation

Kudos to WallStreet analyst and advisor, Ric Edelman. He drank the Kool-Aid, he understands a profound sea change, and he sees the ducks starting to line up.

Check out the clearly articulated interview, below, with Bob Pisani at the New York Stock Exchange and legendary Wall Street advisor, Ric Edelman, (Not my term…That’s what CNBC anchor, Melissa Lee, calls him). Read between the lines, especially the last words in the video, below.

Ric Edleman has just joined Bitwise as both investor and advisor. This lends credibility and gravitas to the organization that created the world’s first cryptocurrency index fund. Bitwise benefits from Edelman’s affiliation, because the US has been slow (some would say “cautious”) in recognizing the facts on the ground: Cryptocurrency is already an asset class.

Edelman fully embraces a strong future for Bitcoin—not just as a currency or payment instrument, but as a legal and recognized asset class; one that is at the starting line of a wide open racetrack. He explains that the SEC sets a high bar for offering a Bitcoin ETF, but that this will be achieved. It will pave the way for large institutions, pension funds, etc to allocate a portion of money under management for blockchain products.

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Oct 4, 2018

US Customs Official Claims Crypto Conversions Can Be Traced

Posted by in category: cryptocurrencies

U.S. immigration official Matthew Allen said his division can find criminals using cryptocurrencies when they convert from fiat.

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Sep 28, 2018

Trust: the inside story of the rise and fall of Ethereum

Posted by in categories: bitcoin, cryptocurrencies, law

But there’s a catch: what about the faithful ‘execution’ of a contract? Doesn’t that require trust as well? What good is an agreement, after all, if the text is there but people don’t respect it, and don’t follow through on their obligations? Which brings us back to the crucial matter of how Buterin managed to piss off so many people.


The great cryptocurrency heist.

Blockchain enthusiasts crave a world without bankers, lawyers or fat-cat executives. There’s just one problem: trust.

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Sep 25, 2018

Disruption Experience Nails It

Posted by in categories: bitcoin, cryptocurrencies, economics, education, finance, innovation, internet, policy, robotics/AI

The Disruption Experience this Friday in Singapore is a blockchain event with a difference. With apologies to the Buick commercial, this is not your grandfather’s conference

I know a few things about blockchain conferences. I produced and hosted the first Bitcoin Event in New York. My organization develops cryptocurrency standards and practices. We help banks and governments create policy and services. And as public speaker for a standards organization, I have delivered keynote presentations at conferences and Expos in Dubai, Gujarat India, Montreal and Tampa, New York and Boston.

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