Twitter founder Jack Dorsey regrets his role in centralizing the Internet.pdf
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In a tweet, Dorsey who presently centers around Blockchain and cryptographic forms of money by means of his monetary administrations organization Block (prior Square), regretted over the present status of the Internet.
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1302018 Beyond the Bitcoin Bubble - The New York Timesht.docx
1/30/2018 Beyond the Bitcoin Bubble - The New York Times
https://www.nytimes.com/2018/01/16/magazine/beyond-the-bitcoin-bubble.html?smprod=nytcore-ipad&smid=nytcore-ipad-share 1/22
https://nyti.ms/2FGVArL
layer innocent nothing argue pottery winner cotton menu task slim
merge maid
T he sequence of words is meaningless: a random array strung together by an
algorithm let loose in an English dictionary. What makes them valuable is that they’ve
been generated exclusively for me, by a software tool called MetaMask. In the lingo of
cryptography, they’re known as my seed phrase. They might read like an incoherent
stream of consciousness, but these words can be transformed into a key that unlocks a
digital bank account, or even an online identity. It just takes a few more steps.
On the screen, I’m instructed to keep my seed phrase secure: Write it down, or keep
it in a secure place on your computer. I scribble the 12 words onto a notepad, click a
button and my seed phrase is transformed into a string of 64 seemingly patternless
characters:
1b0be2162cedb2744d016943bb14e71de6af95a63af3790d6b41b1e719dc5c66
This is what’s called a “private key” in the world of cryptography: a way of proving
identity, in the same, limited way that real-world keys attest to your identity when you
unlock your front door. My seed phrase will generate that exact sequence of characters
Beyond the Bitcoin BubbleYes, it’s driven by greed — but the mania for cryptocurrency could wind
up building something much more important than wealth.
By STEVEN JOHNSON JAN. 16, 2018
https://www.nytimes.com/section/magazine
https://nyti.ms/2FGVArL
1/30/2018 Beyond the Bitcoin Bubble - The New York Times
https://www.nytimes.com/2018/01/16/magazine/beyond-the-bitcoin-bubble.html?smprod=nytcore-ipad&smid=nytcore-ipad-share 2/22
every time, but there’s no known way to reverse-engineer the original phrase from the
key, which is why it is so important to keep the seed phrase in a safe location.
That private key number is then run through two additional transformations,
creating a new string:
0x6c2ecd6388c550e8d99ada34a1cd55bedd052ad9
That string is my address on the Ethereum blockchain.
Ethereum belongs to the same family as the cryptocurrency Bitcoin, whose value
has increased more than 1,000 percent in just the past year. Ethereum has its own
currencies, most notably Ether, but the platform has a wider scope than just money. You
can think of my Ethereum address as having elements of a bank account, an email
address and a Social Security number. For now, it exists only on my computer as an
inert string of nonsense, but the second I try to perform any kind of transaction — say,
contributing to a crowdfunding campaign or voting in an online referendum — that
address is broadcast out to an improvised worldwide network of computers that tries to
verify the transaction. The results of that verification are then broadcast to the wider
network again, where more machines enter into a kind .
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Social media analysis; twitter; cryptocurrencies; social disruption; digital trace data.
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Cryptocurrencies represent emerging financial technologies engendered through overlapping community values of decentralised peer-to-peer exchange, encryption technologies and an overarching agenda towards the disruption of centralised banking within the fiat economy. This paper will trace the development and shifts in public discourse within social media surrounding cryptocurrencies. The last five years have seen cryptocurrencies move from technological emergence to a broadening range of applications and history potholed with disputes, divergence, hacks and scams within the community. The accompanying influence of speculation has shifted the focus from social adoption to value volatility and seen the incorporation of associated technologies within banking and other organisational processes. The emphasis within public discourse has also followed a shift from bitcoin to blockchain. The study is grounded through a Twitter analysis of cryptocurrency-related social media discourse within the Australian context. The social media analysis works with social media archives of the Australian Twittersphere captured between early 2012 to May 2017. Access to this curated archive is through TrISMA and the timeframe under analysis aligns with the most detailed available dataset. The analysis seeks to characterise the emergence of public dialogue surrounding cryptocurrency use and application over time, focusing on peak engagement events. The key concepts directing the focus and interpretation of the social media analysis include financial inclusion, socio-technical disruption and social change. The whimsical quest of the study is to learn where the digital frontier has shifted to within this community and point to possible future developments. From a community studies perspective the case study represents an initial foray into data analytics to explore whether it is possible to detect the shifting shape and form of digital community through its environmental imprint (Maddox 2016). This methodological aspect of the work speaks to an attempt to generate a data recognition practice that can be deployed to search for signatures of social disruption within digital trace data.
Bio:
Alexia Maddox is a digital sociologist with research interests are community studies, research methods and digital frontiers. Here recent book, Research Methods and Global Online Communities: a case study with Routledge, combines these areas and forms the basis of her study of emerging communities forming through the internet and cryptography.
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Jack Dorsey is an American entrepreneur best known as the creator of Twitter and the founder of Square. He conceived of the idea for Twitter in 2000 while working at Odeo and helped build the first prototype. In 2006, Dorsey posted the first tweet and helped establish Twitter as a company. He later left Twitter but returned as Executive Chairman in 2011. Dorsey also founded Square in 2009, a company that allows individuals and businesses to accept credit card payments using mobile devices.
1302018 Beyond the Bitcoin Bubble - The New York Timesht.docx
1/30/2018 Beyond the Bitcoin Bubble - The New York Times
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https://nyti.ms/2FGVArL
layer innocent nothing argue pottery winner cotton menu task slim
merge maid
T he sequence of words is meaningless: a random array strung together by an
algorithm let loose in an English dictionary. What makes them valuable is that they’ve
been generated exclusively for me, by a software tool called MetaMask. In the lingo of
cryptography, they’re known as my seed phrase. They might read like an incoherent
stream of consciousness, but these words can be transformed into a key that unlocks a
digital bank account, or even an online identity. It just takes a few more steps.
On the screen, I’m instructed to keep my seed phrase secure: Write it down, or keep
it in a secure place on your computer. I scribble the 12 words onto a notepad, click a
button and my seed phrase is transformed into a string of 64 seemingly patternless
characters:
1b0be2162cedb2744d016943bb14e71de6af95a63af3790d6b41b1e719dc5c66
This is what’s called a “private key” in the world of cryptography: a way of proving
identity, in the same, limited way that real-world keys attest to your identity when you
unlock your front door. My seed phrase will generate that exact sequence of characters
Beyond the Bitcoin BubbleYes, it’s driven by greed — but the mania for cryptocurrency could wind
up building something much more important than wealth.
By STEVEN JOHNSON JAN. 16, 2018
https://www.nytimes.com/section/magazine
https://nyti.ms/2FGVArL
1/30/2018 Beyond the Bitcoin Bubble - The New York Times
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every time, but there’s no known way to reverse-engineer the original phrase from the
key, which is why it is so important to keep the seed phrase in a safe location.
That private key number is then run through two additional transformations,
creating a new string:
0x6c2ecd6388c550e8d99ada34a1cd55bedd052ad9
That string is my address on the Ethereum blockchain.
Ethereum belongs to the same family as the cryptocurrency Bitcoin, whose value
has increased more than 1,000 percent in just the past year. Ethereum has its own
currencies, most notably Ether, but the platform has a wider scope than just money. You
can think of my Ethereum address as having elements of a bank account, an email
address and a Social Security number. For now, it exists only on my computer as an
inert string of nonsense, but the second I try to perform any kind of transaction — say,
contributing to a crowdfunding campaign or voting in an online referendum — that
address is broadcast out to an improvised worldwide network of computers that tries to
verify the transaction. The results of that verification are then broadcast to the wider
network again, where more machines enter into a kind .
Bitcoin Blockchains on Twitter timelines: A Social Media analysis of cryptocu...
Presentation at Concordia University October 2018
Dr Alexia Maddox, Lecturer in Communications, School of Communication and Creative Arts, Deakin University.
Email: a.maddox@deakin.edu.au
Keywords:
Social media analysis; twitter; cryptocurrencies; social disruption; digital trace data.
Abstract
Cryptocurrencies represent emerging financial technologies engendered through overlapping community values of decentralised peer-to-peer exchange, encryption technologies and an overarching agenda towards the disruption of centralised banking within the fiat economy. This paper will trace the development and shifts in public discourse within social media surrounding cryptocurrencies. The last five years have seen cryptocurrencies move from technological emergence to a broadening range of applications and history potholed with disputes, divergence, hacks and scams within the community. The accompanying influence of speculation has shifted the focus from social adoption to value volatility and seen the incorporation of associated technologies within banking and other organisational processes. The emphasis within public discourse has also followed a shift from bitcoin to blockchain. The study is grounded through a Twitter analysis of cryptocurrency-related social media discourse within the Australian context. The social media analysis works with social media archives of the Australian Twittersphere captured between early 2012 to May 2017. Access to this curated archive is through TrISMA and the timeframe under analysis aligns with the most detailed available dataset. The analysis seeks to characterise the emergence of public dialogue surrounding cryptocurrency use and application over time, focusing on peak engagement events. The key concepts directing the focus and interpretation of the social media analysis include financial inclusion, socio-technical disruption and social change. The whimsical quest of the study is to learn where the digital frontier has shifted to within this community and point to possible future developments. From a community studies perspective the case study represents an initial foray into data analytics to explore whether it is possible to detect the shifting shape and form of digital community through its environmental imprint (Maddox 2016). This methodological aspect of the work speaks to an attempt to generate a data recognition practice that can be deployed to search for signatures of social disruption within digital trace data.
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IS BITCOIN DEAD? NOT THE PART THAT MATTERS
Like many in the digital currency community, I’m tired of the "bitcoin is dead" line that has permeated mainstream coverage of high-profile software developer Mike Hearn’s decision to quit the "failed" bitcoin experiment.
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- 1. Twitter founder Jack Dorsey regrets his role in centralizing the Internet
- 2. Twitter originator Jack Dorsey, a solid advocate of open and decentralized online entertainment, has lamented his inclusion in making a unified Internet. In a tweet, Dorsey who presently centers around Blockchain and digital currencies through his monetary administrations organization Block (prior Square), regretted over the present status of the Internet. "The times of usenet, irc, the web...even email (w PGP)...were astounding. incorporating revelation and character into companies truly harmed the web," he said in a tweet late on Sunday. "I understand I'm somewhat to fault, and think twice about it".
- 3. Attest CEO and prime supporter Max Levchin answered to his tweet, saying that the Internet "changed from arthouse to blockbuster since it expected to acquire a group of people and bring in cash". Dorsey then, at that point, posted: "Maybe more noteworthy accentuation on convention first and afterward connection point would have made a difference. I concur there was less innovation choices around bringing in cash though. It prompted promoting ruling". In December last year, Dorsey said large investment firms, and not clients, really own the Web 3.0 development, saying that these "not entirely settled to be a media domain that can't be disregarded... not Gandhi".
- 4. Web3, otherwise called Web 3.0, is a thought for another Internet that fuses decentralization in view of Blockchain. "You don't possess web3. The VCs and their LPs (restricted accomplices) do. It won't ever get away from their motivations. It's at last a unified element with an alternate mark. Realize what you're not kidding," he had posted. Dorsey is likewise assembling an open and completely decentralized Bitcoin mining framework, while crypto mining has raised genuine energy utilization and uber e- squander age concerns. --IANS