Categorycrypto

Crypto Thought Experiment

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Digital Gold (Asset) versus Distributed Computational Economy (Payment Coin) What is worth more? A cryptocurrency that provides a store of value like Gold? Or the original Bitcoin draft code and vision that was looking to build a distributed computational economy that could power global electronic cash, trade and services for a huge percentage of the world (both the banked and the unbanked). It...

Bitcoin Bible – Beware of False Messengers

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Seven Days of Bitcoin Creation “And on the seventh day God finished his work that he had done, and he rested on the seventh day from all his work that he had done.” – Genesis bible 2:2 “And on the seventh day Satoshi finished his work that he had done, and he rested on the seventh day from all his work that he had done.” – Bitcoin Genesis 03 Jan 2009 – Satoshi codes Bitcoin...

Pineapple Fund – Donating $55million of Crypto

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Pineapple Fund was an experiment in philanthropy with cryptocurrency wealth. What happens when your ‘play-money’ becomes a treasure chest, and you’re past the satiety point of money? I decided to donate the majority of my cryptocurrency to charities around the world, with an open application process and funding charities big and small. I focused on causes I believe in, or causes...

Not Satoshi Nakamoto

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Jose Abad-Peiro Martin Abadi Alessandro Acquisti Leonard Adleman Gordon Agnew Ross Anderson N. Asokan Derek Atkins Tuomas Aura Stefan Axelsson Philippe Béguin Jon Baber Adam Back Alireza Bahreman Shahram Bakhtiari Doug Barnes Don Beaver Mihir Bellare Steven Bellovin Josh Benaloh Francesco Bergadano Tom Berson Elisa Bertino Thomas Beth Albrecht Beutelspacher Eli Biham Tina Bird Alex Biryukov Matt...

Why Johnny can’t encrypt: a usability evaluation of PGP 5.0

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User errors cause or contribute to most computer security failures, yet user interfaces for security still tend to be clumsy, confusing, or near-nonexistent. Is this simply due to a failure to apply standard user interface design techniques to security? We argue that, on the contrary, effective security requires a different usability standard, and that it will not be achieved through the user...

Bitcoin CIA Presentation

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Bitcoin
The World’s First
Person-to-Person
digital currency
Presented by Gavin Andresen to the CIA:

World’s richest 0.1% have boosted their wealth by as much as poorest half

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World’s richest 0.1% have boosted their wealth by as much as poorest half. Inequality report also shows UK’s 50,000 richest people have seen their share of the country’s wealth double since 1984. The richest 0.1% of the world’s population have increased their combined wealth by as much as the poorest 50% – or 3.8 billion people – since 1980, according to a report detailing the widening gap...

Bitcoin is None of the Things it was Supposed to be

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BITCOIN IS NONE OF THE THINGS IT WAS SUPPOSED TO BE. The cryptocurrency was supposed to replace the finance industry. Instead, it has replicated it. On Thursday, the price of Bitcoin fluctuated by thousands of dollars in a 24-hour period. The Coinbase app — which lets you buy and sell cryptocurrencies, and is the number two free app in the App Store as of this writing — started freezing and...

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In this relentless transformation of money, there are some casualties. Those who do not have bank accounts and have no access to the world of electronic money must rely on cash to live. But in a universe where bits are king, cash is an expensive commodity — and having to depend on it will trap people in poverty. So the money revolution is likely to widen the gap between rich and poor. Revolutions are rarely fair, often unpredictable, but usually irresistible. The rise of Payment Coin (POD) is no exception. Take part today, tomorrow maybe too late.