1 year, 11 months agoTravis Patron, author of the book "Revolution Bitcoin: the Internet of money", explains how the famous American mathematician John Nash could influence creation of cryptocurrency bitcoin.
Whether it is possible to attribute to John Nash who was on leading edge of mathematical and economic thought with the idea of "ideal money" to attribute a merit in forming of the electronic money known as "cryptocurrencies"?
In one of the lectures he claimed:
Special goods, or means which we call money have a long and interesting story. And as we so strongly depend on its use, and we are under the influence of desire to have their bigger quantity and not to lose what we already have we are inclined to irrational thinking into their account. Therefore we can lose sight of technology aspects of their use and an opportunity to use them is more or less effective.
Nash described the concept of ideal money as certain unit of the standard of measurements, that is, something like watts, hours or degrees.
He claimed that ideal money has to provide an acceptable solution of paradox of Triffin (a key contradiction of the Bretton Woods system):
To provide the central banks of other countries with necessary quantity of dollars for forming of national currency reserves, it is necessary that in the USA deficit of the balance of payments was constantly observed. But deficit of the balance of payments undermines confidence to dollar and reduces its value as a reserve asset.
1 year, 11 months ago
On December 25, for Christmas, the network bitcoin overcame the next sign boundary – 2 days ago within bitcoin the digital coin, 15-million on the account, and a little earlier, last week was generated, in the open register it was recorded 100-million bitcoin transaction, from the moment of creation of cryptocurrency in 2008.
1 year, 11 months ago
In the middle of December, the startup of Ubitquity LLC started an alpha of a new notarial platform on the basis of a blokcheyn of BitNotarize. The platform will allow users to load, certify and store the documents in the blokcheena. Possibilities of a platform can be used in parallel with traditional notarial services, for simplification and convenience of document flow.
Development team of btcsuite — the alternative software for work with cryptocurrency bitcoin written in the Go programming language on December 14 declared start of the alternative digital currency, Decred. Their main motivation for this step were problems which developers faced, trying to enter necessary, in their opinion, improvements to network functioning bitcoin.
The leading developer and the CEO of the Company 0 company who was also performing financing of the project at own expense Jake of Yokom Piatt [Jake Yocom-Piatt], claims that for the last 2,5 years which he spent, being directly involved in development of an ecosystem bitcoin, he found several serious, and in his opinion, critical shortcomings.
Among shortcomings Jake mentions the bad and excessively bureaucratized management of the project which is slowing down development of system. Jake mentions dispute known to all fans of this subject over an occasion of increase in the maximum size of the block which led to a network branching.
Besides, he writes about problems of financing of the project. In his opinion as Blockstream and MIT Media Lab, the third-party companies began to be engaged in financing of developers of a kernel, these companies had a lever for pressure upon developers which they can use in the purposes.
2 years ago
Bitcoin cost – piece changeable. Two years ago, approximately during the same period the price of a coin rose to record $1242, but equaled $12 three years ago. Having reached a pica, almost without delay the price began to fall, to this day the virtual currency could not break the former records. The coin prices still fluctuate within 200–450 dollars for unit.
Each new round of curve cost provokes heightened sense of alarm at fair part bitcoin community as the next jump can destroy their statuses in fractions of a second. After rate fluctuations hot discussions concerning the events reasons steadily follow. Shadow schemes of Pontsi? Manipulations of exchange magnates? Large investment injections? Answers to these questions, strangely enough, can be in the our heads as to each fluctuation of cost of bitcoin there correspond reactions of certain neurons which light up as a daisy on a Christmas tree.
2 years ago
"Sberbank" intends to join the R3 international consortium that together with Goldman Sachs, JP Morgan, Credit Suisse and Barclays to study and use possibilities of technology blokcheyn. In the consortium founded in 2014 30 large financial institutions and banks already consist, however Russian-speaking representatives still in it were not. The most known implementation of a blokcheyn is the bitcoin, but the Sberbank is not going to use virtual money. Blokcheyn will be applied for the purpose of protection of transactions of bank, and also, in the future, can reduce its dependence on the international SWIFT system.
2 years ago
On December 8 the American Wired and Gizmodo editionsalmost synchronously made publications in which they revealed the probable (in their opinion) creator of bitcoin. The 44-year-old Australian Craig Stephen Wright (Craig Steven Wright) was called the suspect.
The following arguments are referred as the proof:
2 years ago
Following the results of the second round of presidential elections, Mauricio Macri — the person on whom many bitcoin enthusiasts pin hopes for obtaining by bitcoin of legal status and fast development of digital economy in Argentina became the chief executive of Argentina.
The largest bank of Ukraine "Privatbank" reported about end today testing of service which allows to accept payment for goods in bitcoins, writes PSM7. At the same time on the settlement account of the seller hryvnias (arrive under a working condition with the Ukrainian interet-acquiring), dollars (acquiring of the USA) or euro (the European acquiring).
News the head of e-commerce of division of "Privatbank" Christina Karamzina at conference "reported Cross-border e-commerce about the beginning of work of "Privatbank" with cryptocurrency: import to Ukraine".