cryptocurrencies

Blockchain Predictions for 2018

Blockchain Predictions for 2018

1.Bitcoin is the generation 0 of blockchain technology… the opening act… the gateway drug … the first inning … MySpace. We must thank her for her work, as none of the following technology would be available without Satoshi’s Bitcoin, but we’re about to go much, much, further. While Satoshi converged a database structure with peer-to-peer networking, cryptographic tokenization, consensus formation algorithms, and game theoretical economic incentivization to create a means for trustless digital storage and transmission of value, the “Digital Gold” use case, is only one use case. Bitcoin as a digital store of value is the least interesting use of blockchain … There, I said it.…
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Indonesia central bank warns over cryptocurrencies

Indonesia central bank warns over cryptocurrencies

Indonesia’s central bank has issued a fresh warning about trading in cryptocurrencies like bitcoin because of the risk of losses to the public and even a potential threat to the stability of the financial system. Bank Indonesia (BI) has previously said that cryptocurrencies were not recognized as a legal medium of exchange so that they could not be used as a means of payment in Indonesia. “The ownership of virtual currencies is high risk and prone to speculation because there is no authority who takes responsibility, there is no official administrator and there is no underlying asset to be the…
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