The document discusses Bitcoin, a virtual currency created in 2009. It has grown rapidly in popularity due to its decentralized nature, which means it is not controlled by any government or banking institution. However, this lack of regulation also means Bitcoin is volatile, anonymous, and difficult to secure against theft. While Bitcoin offers an alternative to traditional currency manipulation, governments may try to regulate it due to its use for illegal activities on sites like Silk Road. The future of Bitcoin remains uncertain as it faces challenges from adoption and stabilization but could benefit from increased usage and technological advances.
1) Cryptocurrencies like Bitcoin present a new, decentralized way of transferring money internationally without fees or oversight from governments or banks. This could help solve problems like poverty and unemployment by enabling new forms of lending and funding for entrepreneurs.
2) Bitcoins work using cryptography and a public ledger called the blockchain to allow secure digital payments directly between individuals without middlemen. This bypasses traditional barriers to accessing funds that often prevent ideas from being realized or help from reaching those in need.
3) Several organizations are exploring ways to use Bitcoin and other cryptocurrencies to help address social issues like funding relief efforts during the Ebola crisis more efficiently and enabling the homeless to more easily accept donations.
Bitcoins : all you need to know and get started with BitcoinSharjeel Khawaja
Bitcoin is a digital asset designed by its inventor, Satoshi Nakamoto, to work as a currency. It is commonly referred to with terms like digital currency, digital cash, virtual currency, electronic currency, or cryptocurrency.
Blockchain & Cryptocurrency - Part I (Jose Paul Martin)Jose Paul Martin
Blockchain and cryptocurrencies have the potential to disrupt the global financial system by allowing fast, cheap, and transparent transactions without intermediaries like banks. Blockchain acts as a distributed public ledger that records all transactions in a way that cannot be altered. The first major cryptocurrency, Bitcoin, works on the blockchain protocol to enable fast digital payments anywhere in the world. However, cryptocurrencies have not yet gone mainstream due to technical restrictions and the large number of competing currencies, though banks are beginning to take an interest in blockchain technology.
Here is the Bitcoin Report. The report involves every aspect of Bitcoin that one need to understand Bitcoin from scratch. Following are the contents that are being covered by the report:-
· Abstract
· Introduction
· History and its Creation
· Working of Bitcoin
· Advantages
· Disadvantages
· Challenges to Bitcoin
· Scope of Bitcoin
· Conclusion
Hope this will help
Slides from a talk given to a Students for Liberty group at the University of Pittsburgh in February 2017. This talk covers what Bitcoin is, how it works, why people use it, how to use it, and how Bitcoin's innovation is impacting everything from payments to software to government.
This document provides an overview of cryptocurrencies like Bitcoin and discusses various ways to earn money from cryptocurrency investing and trading. It explains what Bitcoin is, how the blockchain works, and how to acquire and store Bitcoin. It also discusses trading Bitcoin on exchanges to profit from short-term price differences, investing in Bitcoin long-term, trading between cryptocurrencies to profit from peaks and troughs, and earning dividends from some cryptocurrencies. Throughout, it notes the risks involved in each money-making approach.
CoinX Trading Business Concept EnglishRomeo Abuhan
How do you like to get paid everyday? How do you like to earn money by trading and investment? Earning is that easy. Earn everyday, over and over again with CoinX Trading.
Coinx Trading offering Bitcoin Trading opportunity with fixed daily returns.
Earn daily 0.4% to 1.5% per day.
With affiliated incomes,
Direct referral 10%, and
Binary income 10%, unlimited levels.
TRADE AND INVEST with doing nothing. No hard selling, no hassle.
Register free here:
http://ow.ly/NwGa30ewwbx
1) Cryptocurrencies like Bitcoin present a new, decentralized way of transferring money internationally without fees or oversight from governments or banks. This could help solve problems like poverty and unemployment by enabling new forms of lending and funding for entrepreneurs.
2) Bitcoins work using cryptography and a public ledger called the blockchain to allow secure digital payments directly between individuals without middlemen. This bypasses traditional barriers to accessing funds that often prevent ideas from being realized or help from reaching those in need.
3) Several organizations are exploring ways to use Bitcoin and other cryptocurrencies to help address social issues like funding relief efforts during the Ebola crisis more efficiently and enabling the homeless to more easily accept donations.
Bitcoins : all you need to know and get started with BitcoinSharjeel Khawaja
Bitcoin is a digital asset designed by its inventor, Satoshi Nakamoto, to work as a currency. It is commonly referred to with terms like digital currency, digital cash, virtual currency, electronic currency, or cryptocurrency.
Blockchain & Cryptocurrency - Part I (Jose Paul Martin)Jose Paul Martin
Blockchain and cryptocurrencies have the potential to disrupt the global financial system by allowing fast, cheap, and transparent transactions without intermediaries like banks. Blockchain acts as a distributed public ledger that records all transactions in a way that cannot be altered. The first major cryptocurrency, Bitcoin, works on the blockchain protocol to enable fast digital payments anywhere in the world. However, cryptocurrencies have not yet gone mainstream due to technical restrictions and the large number of competing currencies, though banks are beginning to take an interest in blockchain technology.
Here is the Bitcoin Report. The report involves every aspect of Bitcoin that one need to understand Bitcoin from scratch. Following are the contents that are being covered by the report:-
· Abstract
· Introduction
· History and its Creation
· Working of Bitcoin
· Advantages
· Disadvantages
· Challenges to Bitcoin
· Scope of Bitcoin
· Conclusion
Hope this will help
Slides from a talk given to a Students for Liberty group at the University of Pittsburgh in February 2017. This talk covers what Bitcoin is, how it works, why people use it, how to use it, and how Bitcoin's innovation is impacting everything from payments to software to government.
This document provides an overview of cryptocurrencies like Bitcoin and discusses various ways to earn money from cryptocurrency investing and trading. It explains what Bitcoin is, how the blockchain works, and how to acquire and store Bitcoin. It also discusses trading Bitcoin on exchanges to profit from short-term price differences, investing in Bitcoin long-term, trading between cryptocurrencies to profit from peaks and troughs, and earning dividends from some cryptocurrencies. Throughout, it notes the risks involved in each money-making approach.
CoinX Trading Business Concept EnglishRomeo Abuhan
How do you like to get paid everyday? How do you like to earn money by trading and investment? Earning is that easy. Earn everyday, over and over again with CoinX Trading.
Coinx Trading offering Bitcoin Trading opportunity with fixed daily returns.
Earn daily 0.4% to 1.5% per day.
With affiliated incomes,
Direct referral 10%, and
Binary income 10%, unlimited levels.
TRADE AND INVEST with doing nothing. No hard selling, no hassle.
Register free here:
http://ow.ly/NwGa30ewwbx
www.coinxtrading.com , wwww.coinxtrading.biz,
COINX TRADING LTD
Coinx Trading - Marketing - Business Plan - Binary Compensation Plan ,Affiliate Marketing Plan
Coinx Trading - Marketing - Business Plan
Email: support@coinxtrading.com
How do you like to get paid everyday? How do you like to earn money by trading and investment? Earning is that easy. Earn everyday, over and over again with CoinX Trading.
Coinx Trading offering Bitcoin Trading opportunity with fixed daily returns.
Earn daily 0.4% to 1.5% per day.
With affiliated incomes,
Direct referral 10%, and
Binary income 10%, unlimited levels.
TRADE AND INVEST with doing nothing. No hard selling, no hassle.
Register free here:
http://ow.ly/NwGa30ewwbx
This document promotes an investment program called COINX TRADING that trades in digital currencies like Bitcoin. It highlights COINX TRADING's legal registrations in the UK and USA and features like guaranteed profits, secure investments, and earning daily returns. It discusses the growth of Bitcoin and cryptocurrencies overall, arguing they provide major investment opportunities due to their limited supply, global acceptance, and increasing transactions and market capitalization. Several reasons are given for why Bitcoin is seen as the currency of the future and a good investment, such as its decentralization, increasing merchant acceptance, and positive government regulations so far.
Bitcoin is a digital currency created by the anonymous Satoshi Nakamoto and is not controlled by any single entity. It uses cryptography to control the creation of new bitcoins and verify transactions without the need for a central authority. Users can send and receive bitcoins through peer-to-peer software or exchanges. While bitcoins have value due to demand and a limited supply, transactions are not completely anonymous and bitcoin exchanges can experience price differences.
CoinX Trading Business Concept EnglishRomeo Abuhan
This document promotes an investment program called COINX TRADING that trades in digital currencies like Bitcoin. It highlights COINX TRADING's legal registrations in the UK and USA and features like guaranteed profits, secure investments, and earning daily returns. The document provides information on Bitcoin and cryptocurrencies more broadly, arguing they are the future of currency and finance. It aims to convince readers that investing in Bitcoin through COINX TRADING presents a significant opportunity.
Sunstone Capital, Avalanche 2014 - Bitcoin: Primer, State of Play, DiscussionYacine Ghalim
Every winter, Sunstone hosts an offsite event with the participation of executives from our portfolio companies, fellow VCs, and various thought leaders.
The event is designed to mix informal networking, stimulating discussions around key topics shaping our industry, and intense skiing. We find that the best inspiration and ideas are generated when you least expect it, and in company with people that challenge your thinking.
This year's edition took us to Courmayeur in the Italian Alps, and Bitcoin was on the list of topics we discussed. Here are the supporting slides from our Jan 24th presentation "Bitcoin: Primer, State of Play, Discussion".
http://www.sunstone.eu
Introductory lesson for the Bitcoin and Blockchain Technology course of Milano Bicocca University (2017)
Video (in Italian) available at https://goo.gl/tbB4Pu
This document discusses whether decentralized digital cryptocurrencies like Bitcoin will be accepted in modern society. It provides background on Bitcoin and how its underlying blockchain technology works, including how transactions are recorded in blocks and verified through mining. The document aims to analyze the factors that influence societal acceptance of Bitcoin by examining how it impacts key stakeholders in society.
The document discusses the rise of bitcoin prices and increased interest from investors. It provides background on what bitcoin is as a digital currency, how it works through a peer-to-peer network, and how its supply is restricted similar to gold. While bitcoin proponents see opportunities, risks include its use for black market activities, taxation avoidance, and security issues with online wallets and exchanges being hacked.
Via Capgemini Consulting @CapgeminiConsul
BITCOIN
A Primer for Policymakers
BY JERRY BRITO AND ANDREA CASTILLO
Mercatus Center
George Mason University
3351 Fairfax Drive, 4th Floor
Arlington, VA 22201-4433
(703) 993-4930
mercatus.org
Bitcoin is the world’s first completely decentralized digital
currency.
Priyanka Jain's document discusses Bitcoin, including that it is a digital currency created by Satoshi Nakamoto, which works through mining and has the potential benefits in a perfect world of fast, low-cost, decentralized transactions without third party trust, though it also carries risks like money laundering, terrorism, and loss of money. The document concludes by noting Bitcoin provides benefits like lower fees for Indian e-commerce and its current exchange rate.
Who Gets Hurt in the Next Bitcoin Crash?InvestingTips
The recurring pump and dump of bitcoin, its ability to make and break fortunes, are matters of concern. First and foremost is who gets hurt in the next bitcoin crash?
https://youtu.be/cNHyu5HiQzw
Digital Currency Systems: Emerging B2B e-Commerce Alternative During Monetary...cjwells
Digital currency systems form the triumvirate nexus of government policies, money, and technology. Each has a global reach and responds to the needs of business and consumers. E-commerce depends on private and government financial institutions to enable payment transactions, the basis of e-commerce. As the United States financial crisis continues B2B enterprises may need to abandon traditional payment transaction systems and look to alternatives in the form of Web-based digital currency systems accessed via the Internet. The various types of digital currency systems generally fit into five categories: barter exchange software systems, non-bank digital currency payment systems, digital precious metal systems, online value transfer software systems, and online stored value transaction software systems. Digital currency systems are not online banking. Digital currency systems use private electronic monies: electronic tokens, barter-exchange currencies, digital cash, and stored value e-cash vouchers.
We explore the history of money against a backdrop of banking and government policies that cause cyclic monetary crises, how these current digital systems operate, how business can thereby benefit in their use, and why digital currency systems are such an underutilized service in the United States.
bitcoin
cryptocurrency
There are two main ways the block chain ledger can be corrupted to steal
bitcoins: by fraudulently adding to or modifying it. The bitcoin system protects
the blockchain against both using a combination of digital
signatures and cryptographic hashes.
hashsalim@gmail.com
www.coinxtrading.com , wwww.coinxtrading.biz,
COINX TRADING LTD
Coinx Trading - Marketing - Business Plan - Binary Compensation Plan ,Affiliate Marketing Plan
Coinx Trading - Marketing - Business Plan
Email: support@coinxtrading.com
This document promotes an investment program called COINX TRADING that trades in digital currencies like Bitcoin. It highlights COINX TRADING's legal registrations in the UK and USA and features like guaranteed profits, secure investments, and earning daily returns. It discusses the growth of Bitcoin and cryptocurrencies overall, arguing they provide major investment opportunities due to their limited supply, global acceptance, and increasing transactions and market capitalization. Several reasons are given for why Bitcoin is seen as the currency of the future and a good investment, such as its decentralization, increasing merchant acceptance, and positive government regulations so far.
The article discusses the growing pains facing bitcoin as it transitions from a novelty to a mainstream currency and payment system. While startups are forming around uses like brokerages and bitcoin storage, consumers remain unconvinced of using bitcoin to buy goods and services. Regulators are also proving challenging, imposing new rules around capital gains taxes and how banks can handle bitcoins. The future of bitcoin is uncertain, as it works to match the rhetoric around its potential with real-world adoption, but some see opportunities in uses like international payments and micropayments in emerging markets.
The future of cryptocurrency—some challenges
As we gaze into our crypto ball, let’s see what the future of cryptocurrency has in store for traders. With many experts estimating that the 2020 COVID-19 pandemic has hastened the decline of cash by almost five years, few are asking whether digital currencies will actually succeed (they have already). Instead, it’s a matter of when they’ll go mainstream. Nevertheless, there are some challenges ahead.
Perceptions
A significant generational divide exists when it comes to adoption rates of cryptocurrencies. Older generations are typically more sceptical of crypto’s long-term viability, expressing fears about volatile financial bubbles as well as uncertainty over how cryptocurrencies actually work.
Since President Biden issued an executive order regarding the future of US money and payment systems half a year ago government agencies have been considering cryptocurrencies and how to regulate them. The end result will be substantial regulation of the world of cryptocurrencies. That is the Biden warning to Bitcoin and the rest of the cryptocurrency world.
https://youtu.be/jGjgLQ5Oy0M
The document discusses the rise of Bitcoin as a digital currency and payment system. It outlines some of the innovations and obstacles facing wider adoption of Bitcoin, including its increasing popularity and market value, as well as legal and regulatory issues in different countries. System issues with Bitcoin's complexity and the mining process are also examined, along with how exchange traded funds could help further its acceptance but may not be necessary given Bitcoin's existing structure. In the end, the document suggests that while technical and regulatory challenges remain, it is possible Bitcoin could develop into a widely supported global currency system over time.
www.coinxtrading.com , wwww.coinxtrading.biz,
COINX TRADING LTD
Coinx Trading - Marketing - Business Plan - Binary Compensation Plan ,Affiliate Marketing Plan
Coinx Trading - Marketing - Business Plan
Email: support@coinxtrading.com
How do you like to get paid everyday? How do you like to earn money by trading and investment? Earning is that easy. Earn everyday, over and over again with CoinX Trading.
Coinx Trading offering Bitcoin Trading opportunity with fixed daily returns.
Earn daily 0.4% to 1.5% per day.
With affiliated incomes,
Direct referral 10%, and
Binary income 10%, unlimited levels.
TRADE AND INVEST with doing nothing. No hard selling, no hassle.
Register free here:
http://ow.ly/NwGa30ewwbx
This document promotes an investment program called COINX TRADING that trades in digital currencies like Bitcoin. It highlights COINX TRADING's legal registrations in the UK and USA and features like guaranteed profits, secure investments, and earning daily returns. It discusses the growth of Bitcoin and cryptocurrencies overall, arguing they provide major investment opportunities due to their limited supply, global acceptance, and increasing transactions and market capitalization. Several reasons are given for why Bitcoin is seen as the currency of the future and a good investment, such as its decentralization, increasing merchant acceptance, and positive government regulations so far.
Bitcoin is a digital currency created by the anonymous Satoshi Nakamoto and is not controlled by any single entity. It uses cryptography to control the creation of new bitcoins and verify transactions without the need for a central authority. Users can send and receive bitcoins through peer-to-peer software or exchanges. While bitcoins have value due to demand and a limited supply, transactions are not completely anonymous and bitcoin exchanges can experience price differences.
CoinX Trading Business Concept EnglishRomeo Abuhan
This document promotes an investment program called COINX TRADING that trades in digital currencies like Bitcoin. It highlights COINX TRADING's legal registrations in the UK and USA and features like guaranteed profits, secure investments, and earning daily returns. The document provides information on Bitcoin and cryptocurrencies more broadly, arguing they are the future of currency and finance. It aims to convince readers that investing in Bitcoin through COINX TRADING presents a significant opportunity.
Sunstone Capital, Avalanche 2014 - Bitcoin: Primer, State of Play, DiscussionYacine Ghalim
Every winter, Sunstone hosts an offsite event with the participation of executives from our portfolio companies, fellow VCs, and various thought leaders.
The event is designed to mix informal networking, stimulating discussions around key topics shaping our industry, and intense skiing. We find that the best inspiration and ideas are generated when you least expect it, and in company with people that challenge your thinking.
This year's edition took us to Courmayeur in the Italian Alps, and Bitcoin was on the list of topics we discussed. Here are the supporting slides from our Jan 24th presentation "Bitcoin: Primer, State of Play, Discussion".
http://www.sunstone.eu
Introductory lesson for the Bitcoin and Blockchain Technology course of Milano Bicocca University (2017)
Video (in Italian) available at https://goo.gl/tbB4Pu
This document discusses whether decentralized digital cryptocurrencies like Bitcoin will be accepted in modern society. It provides background on Bitcoin and how its underlying blockchain technology works, including how transactions are recorded in blocks and verified through mining. The document aims to analyze the factors that influence societal acceptance of Bitcoin by examining how it impacts key stakeholders in society.
The document discusses the rise of bitcoin prices and increased interest from investors. It provides background on what bitcoin is as a digital currency, how it works through a peer-to-peer network, and how its supply is restricted similar to gold. While bitcoin proponents see opportunities, risks include its use for black market activities, taxation avoidance, and security issues with online wallets and exchanges being hacked.
Via Capgemini Consulting @CapgeminiConsul
BITCOIN
A Primer for Policymakers
BY JERRY BRITO AND ANDREA CASTILLO
Mercatus Center
George Mason University
3351 Fairfax Drive, 4th Floor
Arlington, VA 22201-4433
(703) 993-4930
mercatus.org
Bitcoin is the world’s first completely decentralized digital
currency.
Priyanka Jain's document discusses Bitcoin, including that it is a digital currency created by Satoshi Nakamoto, which works through mining and has the potential benefits in a perfect world of fast, low-cost, decentralized transactions without third party trust, though it also carries risks like money laundering, terrorism, and loss of money. The document concludes by noting Bitcoin provides benefits like lower fees for Indian e-commerce and its current exchange rate.
Who Gets Hurt in the Next Bitcoin Crash?InvestingTips
The recurring pump and dump of bitcoin, its ability to make and break fortunes, are matters of concern. First and foremost is who gets hurt in the next bitcoin crash?
https://youtu.be/cNHyu5HiQzw
Digital Currency Systems: Emerging B2B e-Commerce Alternative During Monetary...cjwells
Digital currency systems form the triumvirate nexus of government policies, money, and technology. Each has a global reach and responds to the needs of business and consumers. E-commerce depends on private and government financial institutions to enable payment transactions, the basis of e-commerce. As the United States financial crisis continues B2B enterprises may need to abandon traditional payment transaction systems and look to alternatives in the form of Web-based digital currency systems accessed via the Internet. The various types of digital currency systems generally fit into five categories: barter exchange software systems, non-bank digital currency payment systems, digital precious metal systems, online value transfer software systems, and online stored value transaction software systems. Digital currency systems are not online banking. Digital currency systems use private electronic monies: electronic tokens, barter-exchange currencies, digital cash, and stored value e-cash vouchers.
We explore the history of money against a backdrop of banking and government policies that cause cyclic monetary crises, how these current digital systems operate, how business can thereby benefit in their use, and why digital currency systems are such an underutilized service in the United States.
bitcoin
cryptocurrency
There are two main ways the block chain ledger can be corrupted to steal
bitcoins: by fraudulently adding to or modifying it. The bitcoin system protects
the blockchain against both using a combination of digital
signatures and cryptographic hashes.
hashsalim@gmail.com
www.coinxtrading.com , wwww.coinxtrading.biz,
COINX TRADING LTD
Coinx Trading - Marketing - Business Plan - Binary Compensation Plan ,Affiliate Marketing Plan
Coinx Trading - Marketing - Business Plan
Email: support@coinxtrading.com
This document promotes an investment program called COINX TRADING that trades in digital currencies like Bitcoin. It highlights COINX TRADING's legal registrations in the UK and USA and features like guaranteed profits, secure investments, and earning daily returns. It discusses the growth of Bitcoin and cryptocurrencies overall, arguing they provide major investment opportunities due to their limited supply, global acceptance, and increasing transactions and market capitalization. Several reasons are given for why Bitcoin is seen as the currency of the future and a good investment, such as its decentralization, increasing merchant acceptance, and positive government regulations so far.
The article discusses the growing pains facing bitcoin as it transitions from a novelty to a mainstream currency and payment system. While startups are forming around uses like brokerages and bitcoin storage, consumers remain unconvinced of using bitcoin to buy goods and services. Regulators are also proving challenging, imposing new rules around capital gains taxes and how banks can handle bitcoins. The future of bitcoin is uncertain, as it works to match the rhetoric around its potential with real-world adoption, but some see opportunities in uses like international payments and micropayments in emerging markets.
The future of cryptocurrency—some challenges
As we gaze into our crypto ball, let’s see what the future of cryptocurrency has in store for traders. With many experts estimating that the 2020 COVID-19 pandemic has hastened the decline of cash by almost five years, few are asking whether digital currencies will actually succeed (they have already). Instead, it’s a matter of when they’ll go mainstream. Nevertheless, there are some challenges ahead.
Perceptions
A significant generational divide exists when it comes to adoption rates of cryptocurrencies. Older generations are typically more sceptical of crypto’s long-term viability, expressing fears about volatile financial bubbles as well as uncertainty over how cryptocurrencies actually work.
Since President Biden issued an executive order regarding the future of US money and payment systems half a year ago government agencies have been considering cryptocurrencies and how to regulate them. The end result will be substantial regulation of the world of cryptocurrencies. That is the Biden warning to Bitcoin and the rest of the cryptocurrency world.
https://youtu.be/jGjgLQ5Oy0M
The document discusses the rise of Bitcoin as a digital currency and payment system. It outlines some of the innovations and obstacles facing wider adoption of Bitcoin, including its increasing popularity and market value, as well as legal and regulatory issues in different countries. System issues with Bitcoin's complexity and the mining process are also examined, along with how exchange traded funds could help further its acceptance but may not be necessary given Bitcoin's existing structure. In the end, the document suggests that while technical and regulatory challenges remain, it is possible Bitcoin could develop into a widely supported global currency system over time.
- Bitcoin is a digital currency created in 2009 that allows for lower transaction fees than traditional payment methods and operates without central authority. It uses blockchain technology to record transactions through a peer-to-peer network.
- Bitcoin's value comes from its scarcity as determined by algorithms within the blockchain and the demand for the currency by speculators and merchants. However, investing in bitcoin carries risks from price volatility, lack of regulation, security issues, and uncertainty around its long-term viability.
- While some see bitcoin as the future of digital payments, governments are still working to determine how it will be regulated and whether it can become a mainstream currency or remain a niche investment.
Bitcoin An exploratory view into the crypto worldBitcoin A.docxAASTHA76
Bitcoin: An exploratory view into the crypto world
Bitcoin: An exploratory view into the crypto world
Florida International University
English Department - ENC 1102
Bitcoin: An exploratory view into the crypto world
Jesus Cotto Zayas – 5601270
Hector Lorenzo - 6034838
Prof. Nima Baghdadi
Since the rise of the Bitcoin in 2009, there has been a massive transformation in the cross-border money transfer. With the gradual evolution of technology and the internet, many things now seem to be going digital. Money has not been left behind by these technological evolutions. The enormous transition from the traditional Fiat money to the cryptocurrency has raised numerous debates with many taking different standpoints on the benefits of the digital money over the traditional money. Since its launch in 2009, the Bitcoin has received many critical reviews with numerous analysis of how it works. Unlike traditional currencies, this digital currency is not backed up by a regulatory authority. The launch of Bitcoin gave way for ways of sending or receiving payment with no or very low transaction costs. A major issue that raised alarm about Bitcoin was a vulnerability realized in Bitcoin’s protocol back in 2010. This vulnerability made it possible for one to bypass the constraints of the Bitcoin protocol to include a transaction without the proper screening process. Consequently, hackers would attack this vulnerability, duplicating Bitcoin. Most transactions in the crypto world are non refundable, meaning the bitcoin that was duplicated is now part of the system with no way to track them. (Mullan, 2014).
There are different viewpoints on whether there should be a need for regulations on the Bitcoins and the virtual currency in general. Although many have accepted the use of Bitcoins, there is still a huge concern about the illicit use inherent in virtual currency. This made us look deeper into the Silk road black market and how its closure affected bitcoin value. Based on statistical data found online in an article by Wired magazine 2013 Bitcoin price dropped from 125$ to 90$ but quickly recovered back to 115$ within a few hours. We believe this proves that the majority of the usage in crypto is made by real user with good intentions as opposed to what may of the articles we found claim. This lead us into our next dilemma, regulation.
Scholars have argued that government should have control over the money supply only when it is deemed necessary for the security of financial institutions or in the event of regulation of the global exchange rates. Financial policies may, however, be jeopardized by the decentralized nature and unregulated character of Bitcoin. Bitcoin transactions are mostly independent of any intermediary meaning that taxation and other efforts by governments to monitor or control the use of currency are less fruitful. If there were to be a firm regulation in the use of Bitcoins, governments might no longer be able to control ...
BITCOIN GETS BULLS-EYE PAINTED ON IT, THANKS TO BANKS AND GOVERNMENTSSteven Rhyner
Bitcoin, since its introduction in 2009 has come a long way to compete against US dollar and other prominent fiat currencies of the past. Banks and financial institutions who were the gatekeepers of everyone’s wealth now feel threatened as they find themselves powerless in front of the new digital currency.
Bitcoin as an Ethical Dilemma closing case (Question below article).pdfarjunhassan8
Bitcoin as an Ethical Dilemma closing case (Question below article)
Bitcoin is an open-source, peer-to-peer digital currency introduced to the world on January 3,
2009, by developer Satoshi Nakamoto. The cryptocurrency is based on a protocol and software
that allows instant peer-to-peer transactions and worldwide payments with minimal costs. In its
few years of existence, bitcoin has seen unprecedented media coverage, a rollercoaster ride of
epic spikes and epic plunges, and adopters from major retailers to lemon stands (e.g., Amazon,
Target, Victoria\'s Secret, and Whole Foods). Bitcoin has also been covered by numerous major
news organizations (e.g., ABC, CNBC, Forbes, Fox News, Reuters) as the most popular form of
virtual currency.
At the same time, ethical concerns exist with this new digital currency. The coupling of no
regulations, virtually free movement of value, and a Ponzi scheme–like system have led
renowned economist Paul Krugman to suggest that “bitcoin is evil.” At the basic level, Krugman
says that “to be successful, money must be both a medium of exchange and a reasonably stable
store of value.” He continues to say that “it remains completely unclear why bitcoin should be a
stable store of value.” Joining in the discussion, Charlie Stross, the British writer of science
fiction, says that “bitcoin looks like it was designed as a weapon intended to damage central
banking and money issuing banks, with a Libertarian political agenda in mind—to damage
states\' ability to collect tax and monitor their citizens\' financial transactions.”
What is the difference between bitcoin and normal currency, such as the U.S. dollar? Bitcoin is
an unregulated peer-to-peer digital currency that is not backed by any other commodity such as
gold or silver. Bitcoins exist almost entirely in the digital, online world, although some bitcoins
have actually been privately minted. The U.S. dollar, like many other stable currencies, are paper
or coin currency issued by a national reserve–type bank (in the United States, it is the Federal
Reserve Bank). This means that dollars are really Federal Reserve Notes that are printed or
minted at the U.S. Bureau of Engraving and Printing. The dollar is so-called fiat money, which
means that dollars derive their value from the U.S. government regulation or law. Interestingly,
the United States decided in 2014 that bitcoins will be taxed as property, not currency, for
International Revenue Services (IRS) purposes. The IRS defined bitcoin as a “convertible
currency that can be used as a medium of exchange, a unit of account, and/or a store of value.”
Technically, Bitcoin with a capitalized “B” refers to the technology and network associated with
the currency, while bitcoin with a lower case “b” refers to the actual currency. The philosophy
underlying the bitcoin is complete mistrust in authority or control—basically a perfectly
stateless, market-based approach, with no country or region-level bank intervention. It is .
Illuminating the Journey through Cryptocurrencies.pdfTEWMAGAZINE
Dive into the captivating journey of cryptocurrencies, focusing on Bitcoin's inception, technological foundation, adoption, regulatory challenges, and potential future role.
Bitcoin has become too big to fail. With interest in the digital payment network spanning from tech enthusiasts to individual retail traders, and now encompassing large institutional investment firms & most people agree the success of Bitcoin is inevitable. One doesn’t have to look very far to find massive support and adoption of the cryptocurrency.
This e-book is a comprehensive guide to crypto-quantum, the revolutionary technology that enables secure communication, data storage, and authentication. It provides an in-depth look at the cryptographic algorithms that make crypto-quantum secure, and how they can be used in a variety of applications. It also covers the basics of quantum computing and its implications for the future of cryptography. With the help of this e-book, you can gain the knowledge and skills to apply this emerging technology to your own projects.
Bitcoin has rapidly gained popularity due to its decentralized and anonymous nature. However, its volatility and lack of regulation or central authority pose risks. While some see it as championing individual liberty, others worry about potential effects and see problems with its supply and demand. The article discusses the different groups fueling Bitcoin's demand, including monetary freedom advocates, those seeking to preserve distressed savings, and online gamblers and speculators. However, questions remain around its long term viability and whether it can achieve widespread mainstream acceptance.
Project: Bitcoin - Revolution in International Payment ProcessingDinesh Kumar
Executive Summary
“Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has enormous value.” Eric Schmidt, Executive chairman Alphabet
Bitcoin is a digital, decentralized, partially anonymous currency, not backed by any government or other legal entity, and not redeemable for gold or other commodity. It relies on peer-to-peer networking and cryptography to maintain its integrity. Its proponents argue that Bitcoin has many properties that could make it an ideal currency for mainstream consumers and merchants. For example, bitcoins are highly liquid, have low transaction costs, can be used to send payments quickly across the internet, and can be used to make micropayments. This new currency could also hold the key to allowing organizations such as Wikileaks, hated by governments, to receive donations and conduct business anonymously.
Amazingly, as of October 2011, a bitcoin (currency ticker BTC) is worth about two U.S. Dollars (USD), there are about $20 million worth of bitcoins in existence, there are probably around 20,000 Bitcoin users, and over $300,000 worth of bitcoins are traded every day.
Although the Bitcoin economy is flourishing, users are anxious about Bitcoin’s legal status and the possibility of a government crackdown. Some point to Bitcoin’s ability, like all digital and anonymous currencies, to facilitate money laundering, tax evasion, and trade in illegal drugs and child pornography. Indeed, the U.S. government prosecuted and shut down the creators of e-gold, a digital currency backed by gold, under state and federal laws for conspiracy to commit money laundering, and also for providing services to those involved in “child exploitation, credit card fraud, and wire (investment) fraud”. Others point to governments’ purported interests in protecting their economies and monopolies on minting new money. These individuals point to the successful prosecution and conviction of the creator of the Liberty Dollar, a paper and coin based currency backed by gold and other precious metals.
Hence, no faith or trust towards the financers or politicians was required in case of Bitcoin, but only in Nakamoto’s well-designed algorithms. Not only the public ledger of Bitcoin, i.e. the ‘block chain’ seemed to fend off fraud, but also kept the money supply of Bitcoin growing at a predictable rate due to the prearranged release of the virtual currency. The Bitcoin network came into existence with the release of open source Bitcoin client and with the issuance of the first Bitcoin. Satoshi mined 18 the first 50 Bitcoin which are famously known as the “Genesis Block”.
In the same year the exchange rate of Bitcoin was first published by liberty standard at $1 for 1,309.03 BTC. Within a couple of years, around February 2011, Bitcoin achieved dollar parity and was now being accepted all over the world as a mode of payment for a plethora of products.
The Coin Perspective can better comprehend the market cap potential of alternative coins according to The Coin Perspective. This is for you if you’ve ever wondered, “If coin X had the market cap of coin Y, what would it be worth?”
What is the next cryptocurrency to boom?
Calvaria (RIA) is a new cryptocurrency play that has the potential to soar in 2023. Reimagining Staking For Explosive Growth at Oryen Network. Exciting Meme Coin Project Pumping Since IEO: Tamadoge (TAMA). Metropoly – Crypto Presale with 5 Star Reviews and Expert Favorite.
What coin is most searched?
Global searches for bitcoin total more than 29 million each month. It has the highest market cap and is the most widely used coin.
A cryptocurrency is a type of digital currency that is created and controlled using sophisticated encryption methods, or cryptography. With the invention of Bitcoin in 2009, cryptocurrency made the transition from an intellectual concept to (virtual) reality.
While interest in Bitcoin grew over the years, it really came to the attention of investors and the media in April 2013, when it reached a record high of $266 per bitcoin after increasing by a factor of ten in just the previous two months.
At its height, Bitcoin’s market value exceeded $2 billion, but a 50% decline soon after triggered a heated discussion over the future of cryptocurrencies in general and Bitcoin in particular.
Will these alternative currencies eventually replace traditional ones and attain the same level of ubiquity as dollars and euros? Or are cryptocurrencies a short-lived trend that will soon fizzle out? Bitcoin contains the solution.
Future of Cryptocurrency
As institutional money joins the market, several economic analysts forecast a significant change in the crypto market. 3 There is also a chance that cryptocurrencies will be listed on the Nasdaq, which would lend blockchain and its potential applications as a substitute for traditional currencies even more credibility.
Some claim that a confirmed exchange traded fund is all that cryptocurrency needs (ETF). 5 There is little doubt that an ETF would make it simpler for people to invest in Bitcoin, but there still needs to be a demand for cryptocurrency investments, which may not be produced automatically by a fund.Future of Cryptocurrency
As institutional money joins the market, several economic analysts forecast a significant change in the crypto market. 3 There is also a chance that cryptocurrencies will be listed on the Nasdaq, which would lend blockchain and its potential applications as a substitute for traditional currencies even more credibility.
Some claim that a confirmed exchange traded fund is all that cryptocurrency needs (ETF). 5 There is little doubt that an ETF would make it simpler for people to invest in Bitcoin, but there still needs to be a demand for cryptocurrency investments, which may not be produced automatically by a fund.
Unraveling the Bitcoin Breakthrough_ The Future of Cryptocurrency.pdfhk2635475
Cryptocurrency could be a buzzword that has been making waves for a long time presently . Among the different advanced monetary standards , Bitcoin is the foremost well known and widely used. It has been nearly 12 a long time since Bitcoin was to begin with , and it has come a long way since at that point . In a fairly long time , Bitcoin has gone from being a cloud concept to a worldwide wonder , and it has earned a parcel of consideration from investors, dealers , and indeed governments. In spite of this, there are still numerous people who are uncertain about how Bitcoin and other cryptocurrencies work, and what their future might hold. In this post, we'll dive into what Bitcoin is, how it works, and what long term cryptocurrency might seem like. From block chain innovation to the masters and cons of contributing in computerized cash , we'll cover everything you would like to know around the world of cryptocurrency.
Regulation, adoption, and volatility are the three critical factors that will guide bitcoin in 2014. Regulation will continue to be evaluated by governments as bitcoin poses challenges as a currency without a central authority. Adoption of bitcoin by merchants is accelerating as early bitcoin millionaires seek to spend their virtual wealth. While bitcoin experienced high volatility in 2013, its stability increased by year's end, which will need to further improve for it to succeed as a widespread method of value transfer.
GREECE SEIZES 500,000 BANK ACCOUNTS WORTH EURO 1.6 BLN, ESCAPE WITH BITCOINSteven Rhyner
{Tax|Tax obligation} authorities in Greece {have|have actually} {seized|taken|confiscated} half a million {bank accounts|checking account|savings account}, {containing|including|consisting of|having} 1.6 billion Euros, in the {first|very first|initial} {half|fifty percent} of 2016.
Saske is a decentralised blockchain social connectivity platform designed to bring together the world at large on the most preeminent social communications networks while simultaneously tearing down the monolithic barriers still standing between the everyday person and the unprecedented benefits of cryptocurrencies.
Bitcoin's Meteoric Rise: Unveiling the Secrets of Its SuccessSergey Ionnikov
In the world of cryptocurrencies, Bitcoin has emerged as a revolutionary force, captivating global attention and initiating a profound financial transformation. Since its inception in 2009 by the enigmatic Satoshi Nakamoto, Bitcoin has shattered records, gained a passionate following, and sparked intense debates. This analysis uncovers the factors driving Bitcoin's extraordinary ascent.
Bitcoin's genesis lies in Nakamoto's vision of a decentralized digital currency, free from traditional intermediaries. Its success hinges on several key elements: decentralization, enabled by a peer-to-peer network; blockchain technology, ensuring transparency and security; limited supply, creating a perception of scarcity; recognition and adoption by major institutions; and the reinforcing network effects stemming from its growing user base.
Though Bitcoin's path to mainstream acceptance has not been without challenges, it has evolved to address concerns of volatility, security, and regulation. The cryptocurrency's future appears promising, with potential roles as a cross-border payment system and a hedge against inflation, while ongoing regulatory developments will further influence its trajectory.
In conclusion, Bitcoin's meteoric rise is a testament to the power of innovation and decentralization. As it continues to evolve and adapt, Bitcoin is poised to remain a transformative force in the financial world, redefining the concept of digital currency and financial freedom.
The document discusses the history and characteristics of Bitcoin, a digital currency created in 2009. Bitcoins are created by users through mining and have a finite supply capped at 21 million. The document outlines several advantages of Bitcoin like its independence from any central authority and lack of manipulation compared to national currencies. However, it also notes challenges like Bitcoin's volatility, risk of theft, and potential resistance from governments and banks who could see it as disruptive competition. While Bitcoin may not survive long-term, the concept of an alternative currency independent of national control is seen as an idea that will continue.
With the release of the two next gen gaming consoles imminent, comparisions rule the day. So, which one should you get? The answer, of course, depend on which console has the games you really want to play, If early indications are to be believed, PS4 has quite a lead on it's competition. The PS4 and Xbox One are born out of compeltely different design aesthetics and which one you choose depends greatly on your taste.
A Whatsapp rival, Google's answer to Evernote...six apps that are destined to climb the popularity charts.
WeChat, PAC-Man + Tournaments, Modem Combat, Zero Hour, AppLock, Breaking News, Google Keep
We recently became the proud owners of one of the hottest products of 2013: the Pebble smartwatch. Many might recognise Pebble as the breakout project of crowdfunding website Kickstarter, where it raised over $10million, For the uninitiated, however, Pebble is designed to synchronise with your Android/iOS smartphone via Bluetooth, bringing text, email notifications, social media update and more right to your wrist.
The Phonograph, The Turntable, Vacuum Tube Audio amplifier, Transistor Radio, Sony Walkman, CD Player, Sony MD ( Minidisc), Apple Ipod, USB Turntables And Tube Amp
A portable karaoke device, an invisible gamepad and, among others, a BBQ assistant: here's what we are putting our money on the renowned crowdfunding platform.
Will whatsapp anti-corruption campaign reduce graft in the police department?Jason Fernandes
Technology is an excellent tool to make the government more efficient and easily accountable to people. WhatsApp usage is universal across vast socio-economic spectrum, so it is most likely that the WhatsApp anti-graft campaign would be successful here. I applaud the initiative and welcome the government into the 21st century.
Has the state govt done enough to ease the way for entrepreneursJason Fernandes
The government could do more for startups, particularly in the areas of streamlining processes and providing greater access to capital. I'm optimistic that some of these concerns can be addressed through greater dialogues between private/ public stakeholders.
CUT THOSE UMBILICAL TIES. OR NOT…- The Goan Jason Fernandes
Jason Fernandes talks about how even though he has moved out of his own parents house and is living alone, the bond between a parent and offspring is permanent and immutable.
We want an IT policy which will have a focus on startups and not just benefit medium and large scale businesses. Encouraging a vibrant startup atmosphere is exactly what Goa should do if is to ever grow as an IT hub.
He is the founder of US-based technology company Smartklock. He is attempting to create a WiFi/Bluetooth connected desktop that will dynamically pull social media and other updates from the Internet.
Has the state govt. done enough to ease the way for entrepreneurs- -Times of ...Jason Fernandes
The government could do more for startups, particularly in the areas of streamlining processes and providing greater access to capital. I’m optimistic that some of these concerns can be addressed through greater dialogue between private/public stakeholders.
GOAN WINS ACCLAIM AT ASIAN SCIENCE WRITING PRIZE, 2015 - The Times Of IndiaJason Fernandes
A Goan entrepreneur, Jason Fernandes received an honourable mention at the Asian Scientist Writing Prize 2015, after competing with 300 writers from 16 different countries in Asia, including China, Japan and Thailand, recently.
Suddenly, the world has opened up, the walls have come down and even the sky’s not the limit. At 16, Jason Fernandes is proof of that. Himself Dyslexic, the teenager responded to one of his own needs – and created an internet based support group for learning disabilities. One year later his website, ldkids.zeocities.com, is one of the three largest in the world- and besides unconditional help in the form of laptops and free domain hosting, Jason goes to Barbedos this month to pick up a 1500-pound award from ChildNet, an international organisation working with young people.
TEENAGER WITH DYSLEXIA WINS AWARD FOR HIS WEB SITE - India Abroad Jason Fernandes
Jason Fernandes, a boy who suffers from the learning disability (LD), Dyslexia, has achieved the distinction of becoming the first Indian student to win a prestigious international honour for his innovative work on the Internet.
The first site, created by 15 year old Jason Fernandes, is the Learning Disabled Kids Support [India] site, with information about disabilities like dyslexia, dysgraphia, attention deficit disorder and dyscalculia. While information hosted on net often is in the cold third party format, this site differs, since Jason himself, was recently diagnosed as being learning disabled. He and his family went from pillar to post to try to find out where they could talk to others who could share information on what to do, and the best ways to overcome the disability. All that resulted in the clean and simple yet very functional LDKSI website that today provides an anonymous medium where they can share their views, experiences and info and there by help each other. He’s also got a special page with information on Help In India. Three cheers for you Jason! Keep it up!!
Unlock the Future of Search with MongoDB Atlas_ Vector Search Unleashed.pdfMalak Abu Hammad
Discover how MongoDB Atlas and vector search technology can revolutionize your application's search capabilities. This comprehensive presentation covers:
* What is Vector Search?
* Importance and benefits of vector search
* Practical use cases across various industries
* Step-by-step implementation guide
* Live demos with code snippets
* Enhancing LLM capabilities with vector search
* Best practices and optimization strategies
Perfect for developers, AI enthusiasts, and tech leaders. Learn how to leverage MongoDB Atlas to deliver highly relevant, context-aware search results, transforming your data retrieval process. Stay ahead in tech innovation and maximize the potential of your applications.
#MongoDB #VectorSearch #AI #SemanticSearch #TechInnovation #DataScience #LLM #MachineLearning #SearchTechnology
Introducing Milvus Lite: Easy-to-Install, Easy-to-Use vector database for you...Zilliz
Join us to introduce Milvus Lite, a vector database that can run on notebooks and laptops, share the same API with Milvus, and integrate with every popular GenAI framework. This webinar is perfect for developers seeking easy-to-use, well-integrated vector databases for their GenAI apps.
20 Comprehensive Checklist of Designing and Developing a WebsitePixlogix Infotech
Dive into the world of Website Designing and Developing with Pixlogix! Looking to create a stunning online presence? Look no further! Our comprehensive checklist covers everything you need to know to craft a website that stands out. From user-friendly design to seamless functionality, we've got you covered. Don't miss out on this invaluable resource! Check out our checklist now at Pixlogix and start your journey towards a captivating online presence today.
Full-RAG: A modern architecture for hyper-personalizationZilliz
Mike Del Balso, CEO & Co-Founder at Tecton, presents "Full RAG," a novel approach to AI recommendation systems, aiming to push beyond the limitations of traditional models through a deep integration of contextual insights and real-time data, leveraging the Retrieval-Augmented Generation architecture. This talk will outline Full RAG's potential to significantly enhance personalization, address engineering challenges such as data management and model training, and introduce data enrichment with reranking as a key solution. Attendees will gain crucial insights into the importance of hyperpersonalization in AI, the capabilities of Full RAG for advanced personalization, and strategies for managing complex data integrations for deploying cutting-edge AI solutions.
How to Get CNIC Information System with Paksim Ga.pptxdanishmna97
Pakdata Cf is a groundbreaking system designed to streamline and facilitate access to CNIC information. This innovative platform leverages advanced technology to provide users with efficient and secure access to their CNIC details.
Alt. GDG Cloud Southlake #33: Boule & Rebala: Effective AppSec in SDLC using ...James Anderson
Effective Application Security in Software Delivery lifecycle using Deployment Firewall and DBOM
The modern software delivery process (or the CI/CD process) includes many tools, distributed teams, open-source code, and cloud platforms. Constant focus on speed to release software to market, along with the traditional slow and manual security checks has caused gaps in continuous security as an important piece in the software supply chain. Today organizations feel more susceptible to external and internal cyber threats due to the vast attack surface in their applications supply chain and the lack of end-to-end governance and risk management.
The software team must secure its software delivery process to avoid vulnerability and security breaches. This needs to be achieved with existing tool chains and without extensive rework of the delivery processes. This talk will present strategies and techniques for providing visibility into the true risk of the existing vulnerabilities, preventing the introduction of security issues in the software, resolving vulnerabilities in production environments quickly, and capturing the deployment bill of materials (DBOM).
Speakers:
Bob Boule
Robert Boule is a technology enthusiast with PASSION for technology and making things work along with a knack for helping others understand how things work. He comes with around 20 years of solution engineering experience in application security, software continuous delivery, and SaaS platforms. He is known for his dynamic presentations in CI/CD and application security integrated in software delivery lifecycle.
Gopinath Rebala
Gopinath Rebala is the CTO of OpsMx, where he has overall responsibility for the machine learning and data processing architectures for Secure Software Delivery. Gopi also has a strong connection with our customers, leading design and architecture for strategic implementations. Gopi is a frequent speaker and well-known leader in continuous delivery and integrating security into software delivery.
Generative AI Deep Dive: Advancing from Proof of Concept to ProductionAggregage
Join Maher Hanafi, VP of Engineering at Betterworks, in this new session where he'll share a practical framework to transform Gen AI prototypes into impactful products! He'll delve into the complexities of data collection and management, model selection and optimization, and ensuring security, scalability, and responsible use.
Climate Impact of Software Testing at Nordic Testing DaysKari Kakkonen
My slides at Nordic Testing Days 6.6.2024
Climate impact / sustainability of software testing discussed on the talk. ICT and testing must carry their part of global responsibility to help with the climat warming. We can minimize the carbon footprint but we can also have a carbon handprint, a positive impact on the climate. Quality characteristics can be added with sustainability, and then measured continuously. Test environments can be used less, and in smaller scale and on demand. Test techniques can be used in optimizing or minimizing number of tests. Test automation can be used to speed up testing.
Essentials of Automations: The Art of Triggers and Actions in FMESafe Software
In this second installment of our Essentials of Automations webinar series, we’ll explore the landscape of triggers and actions, guiding you through the nuances of authoring and adapting workspaces for seamless automations. Gain an understanding of the full spectrum of triggers and actions available in FME, empowering you to enhance your workspaces for efficient automation.
We’ll kick things off by showcasing the most commonly used event-based triggers, introducing you to various automation workflows like manual triggers, schedules, directory watchers, and more. Plus, see how these elements play out in real scenarios.
Whether you’re tweaking your current setup or building from the ground up, this session will arm you with the tools and insights needed to transform your FME usage into a powerhouse of productivity. Join us to discover effective strategies that simplify complex processes, enhancing your productivity and transforming your data management practices with FME. Let’s turn complexity into clarity and make your workspaces work wonders!
GraphSummit Singapore | The Art of the Possible with Graph - Q2 2024Neo4j
Neha Bajwa, Vice President of Product Marketing, Neo4j
Join us as we explore breakthrough innovations enabled by interconnected data and AI. Discover firsthand how organizations use relationships in data to uncover contextual insights and solve our most pressing challenges – from optimizing supply chains, detecting fraud, and improving customer experiences to accelerating drug discoveries.
Why You Should Replace Windows 11 with Nitrux Linux 3.5.0 for enhanced perfor...SOFTTECHHUB
The choice of an operating system plays a pivotal role in shaping our computing experience. For decades, Microsoft's Windows has dominated the market, offering a familiar and widely adopted platform for personal and professional use. However, as technological advancements continue to push the boundaries of innovation, alternative operating systems have emerged, challenging the status quo and offering users a fresh perspective on computing.
One such alternative that has garnered significant attention and acclaim is Nitrux Linux 3.5.0, a sleek, powerful, and user-friendly Linux distribution that promises to redefine the way we interact with our devices. With its focus on performance, security, and customization, Nitrux Linux presents a compelling case for those seeking to break free from the constraints of proprietary software and embrace the freedom and flexibility of open-source computing.
Enchancing adoption of Open Source Libraries. A case study on Albumentations.AIVladimir Iglovikov, Ph.D.
Presented by Vladimir Iglovikov:
- https://www.linkedin.com/in/iglovikov/
- https://x.com/viglovikov
- https://www.instagram.com/ternaus/
This presentation delves into the journey of Albumentations.ai, a highly successful open-source library for data augmentation.
Created out of a necessity for superior performance in Kaggle competitions, Albumentations has grown to become a widely used tool among data scientists and machine learning practitioners.
This case study covers various aspects, including:
People: The contributors and community that have supported Albumentations.
Metrics: The success indicators such as downloads, daily active users, GitHub stars, and financial contributions.
Challenges: The hurdles in monetizing open-source projects and measuring user engagement.
Development Practices: Best practices for creating, maintaining, and scaling open-source libraries, including code hygiene, CI/CD, and fast iteration.
Community Building: Strategies for making adoption easy, iterating quickly, and fostering a vibrant, engaged community.
Marketing: Both online and offline marketing tactics, focusing on real, impactful interactions and collaborations.
Mental Health: Maintaining balance and not feeling pressured by user demands.
Key insights include the importance of automation, making the adoption process seamless, and leveraging offline interactions for marketing. The presentation also emphasizes the need for continuous small improvements and building a friendly, inclusive community that contributes to the project's growth.
Vladimir Iglovikov brings his extensive experience as a Kaggle Grandmaster, ex-Staff ML Engineer at Lyft, sharing valuable lessons and practical advice for anyone looking to enhance the adoption of their open-source projects.
Explore more about Albumentations and join the community at:
GitHub: https://github.com/albumentations-team/albumentations
Website: https://albumentations.ai/
LinkedIn: https://www.linkedin.com/company/100504475
Twitter: https://x.com/albumentations
In his public lecture, Christian Timmerer provides insights into the fascinating history of video streaming, starting from its humble beginnings before YouTube to the groundbreaking technologies that now dominate platforms like Netflix and ORF ON. Timmerer also presents provocative contributions of his own that have significantly influenced the industry. He concludes by looking at future challenges and invites the audience to join in a discussion.
Maruthi Prithivirajan, Head of ASEAN & IN Solution Architecture, Neo4j
Get an inside look at the latest Neo4j innovations that enable relationship-driven intelligence at scale. Learn more about the newest cloud integrations and product enhancements that make Neo4j an essential choice for developers building apps with interconnected data and generative AI.
Pushing the limits of ePRTC: 100ns holdover for 100 daysAdtran
At WSTS 2024, Alon Stern explored the topic of parametric holdover and explained how recent research findings can be implemented in real-world PNT networks to achieve 100 nanoseconds of accuracy for up to 100 days.
Pushing the limits of ePRTC: 100ns holdover for 100 days
Bitcoin: Future Of Money or Curse
1. 86 GlobeAsia July 2013
Technology
or the uninitiated, Bitcoin
is a virtual currency created
in 2009 that has of late
exploded in popularity
worldwide. Created by
a person or group of people known
collectively under the pseudonym
Satoshi Nakamoto, Bitcoins are slowly
increasing in circulation and now have
a market cap of over $2 billion.
While introducing currency had
previously been the purview of nations,
now it’s being taken over by a rag-tag
group of monetary enthusiasts who
refuse to let their government tell
them what money is worth. Bitcoin
effectively democratizes money, as
anybody with a computer and an
internet connection can create and
spend their own Bitcoins.
Since the currency is free from
any governing authority, it cannot
be artificially manipulated. Recent
occurrences such as the United States
bank bailout, the LIBOR scandal or
the crisis in Cyprus have left many
questioning whether the governments
and banking institutions in those
cases are making prudent decisions.
Considering the massive debt in the US
and the instability in Europe as the EU
struggles to stay solvent, it’s easy to see
why Bitcoins have become so popular.
Bitcoin is different
One of the main ways central
governments create money is by
manipulating interest rates. The Federal
Reserve, for example, routinely adjusts
the interest rates in the US. When rates
are lowered, banks are incentivized to
borrow money from the Fed, which
creates that money out of thin air.
Ever since the US got off the gold
standard in 1971, there is nothing
substantial that backs this money. The
bank in turn lends that money to its
customers, thus increasing the total
money supply.
While lowered interest rates are a
boon to people looking for cheap loans,
they are a nightmare for those living
on savings who just saw the interest on
those savings slashed. The only reason
the Federal Reserve is able to raise
and lower rates at will is because it has
a monopoly on issuing money that’s
considered legal tender in the US.
Bitcoin, on the other hand, is
very different. Bitcoins are created
when a so-called Bitcoin “miner” or
a team of miners are able to use their
computer processing power to decode
an unknown 64 byte number, at which
point 25 Bitcoins are released into the
system.
The software code that governs
the creation of Bitcoins ensures
each successive block of Bitcoins is
mathematically more complex to create
Bitcoin and the future
of money
2. July 2013 GlobeAsia 87
By Jason Fernandes
then the last, and also that there will
never be more than 21 billion Bitcoins
in the entire system.
While like many other currencies
there is again nothing that backs
Bitcoin, its method of creation provides
a built-in safety net for its value. Unlike
the US dollar whose supply can be
increased by $1 million or $10 million
just as easily at the stroke of a pen, each
additional Bitcoin mined requires a
steadily increasing amount of actual
real world resources, such as time and
processing power, to produce.
Why Bitcoin is the answer
Lately there is an increased concern
that governments and large banking
institutions have betrayed the public’s
trust. Those following the crisis
in Cyprus may be aware that the
government there has essentially
gone into people’s bank accounts
and taken a portion of their money
away. That which would have seemed
inconceivable a few short years ago is
now a reality these people must live
with.
This is far from an isolated incident.
The inter-connectedness of financial
institutions worldwide and the US
dollar’s status as a reserve currency
have often led to ripple effects globally.
The US bank bail-outs, for example,
resulted in the influx of billions of
dollars into the banking system and a
downgrade of the US credit rating.
While the original rationale for
the bank bailout was that the banking
institutions were “too big to fail,”
the banks have grown even bigger
since the bail-out. In the three years
immediately after the bail-out, the five
major banking institutions have gone
from managing $6.1 trillion in assets to
$8.5 trillion – an increase amounting to
13% of the entire US economic output.
One shudders to think what
would happen the next time one
of them makes a bad decision. The
ramifications on the global scale could
be catastrophic.
The US cannot be singled out for
criticism, however, as even Europe has
its own issues. The LIBOR (London
Interbank Offered Rate) scandal has
proved that major financial institutions
in the United Kingdom were not
above manipulating the interest rates
worldwide for their own profit. The
scandal revealed that traders would
routinely manipulate the LIBOR
upwards or downwards depending on
their trades for the day.
An adjustment downwards
would increase their credit score
and promote a perception of better
financial health, while an adjustment
upwards would result in higher loan
rates for customers. Since LIBOR is
the most widely used interest rate in
the world, its value also sets the rates
of US derivatives and loans. Thus the
ripple effects of the LIBOR scam were
felt throughout the global financial
marketplace.
Many view the banking institutions
and governments that control, issue
and manipulate currency as the
proverbial fox guarding the henhouse.
The machinations are too complex
and opaque for the average person to
understand and abuse is rife. Bitcoins
offer a solution because they are
capped at finite amounts and their
functioning is completely transparent.
The code also happens to be open
source and can be freely examined by
anybody so inclined. Bitcoin can never
be manipulated by a sudden increase in
supply and, instead, its supply increases
in a measured, predictable manner.
Bitcoin does have drawbacks
Some of the biggest advantages of
Bitcoin could also prove the biggest
barrier to its mass adoption. Bitcoin
is unregulated and completely
anonymous. While many herald this as
a major benefit, it puts Bitcoin squarely
in the sights of regulatory authorities
of various governments in whose
jurisdiction these transactions occur.
US prosecutors recently shut down
Liberty Reserve, the second largest
Bitcoin exchange, for alleged criminal
links and money laundering. This is the
sort of risk that’s part and parcel of the
anonymous currency concept.
People have used Bitcoin to
purchase everything from guns to
drugs, all anonymously via a website
known as the Silk Road that accepts
payment solely in untraceable Bitcoins.
It’s unlikely that the currency will
be allowed to survive in its present
form without heavy attempts by
governments to regulate it.
The other problem with untraceable
Bitcoins is that one’s entire Bitcoin
portfolio is stored on one file in one’s PC
(known as a Bitcoin Wallet) and is thus
susceptible to theft. While some have
chosen to store their Bitcoins in services
that provide essentially the equivalent
of an online vault, these too have been
targeted by hackers in the past.
Many view the banking institutions and governments
that control, issue and manipulate currency as the
proverbial fox guarding the henhouse. Bitcoins offer a
solution because they are capped at finite amounts and
their functioning is completely transparent.
3. 88 GlobeAsia July 2013
Technology
The problem is that there is no
remedy for theft because even the
Bitcoins obtained through theft are as
valid and untraceable as those obtained
through other means. If a credit card was
lost, one could just call and cancel it – but
there is no way to do that with Bitcoin.
On the other hand, one could say
the same is true for actual currency.
If you lose your wallet, you have little
means at your disposal to track that
money down and reclaim it. That
said, at least Bitcoiners do not have to
be concerned with the government
deciding it can reach into your digital
wallet and help itself to some of your
money, as was the case in Cyprus.
Another concern is the volatility
of the currency. Over the course of
their existence Bitcoins have cost
anything from $5 to a high of $266 and
everything in between. This makes it
difficult for businesses to feel stable in
accepting it in lieu of payment.
Since there is no central regulatory
authority, the buffer role that central
banks play in stabilizing currency
fluctuations just does not exist in this
case. On the other hand, services have
slowly been emerging that would ease
this sort of volatility.
Websites like Bitpay, for example,
allow merchants including those on
Amazon to accept Bitcoins and have
the funds transferred to their bank
accounts in real currency at the close
of the business day. This eases risks
somewhat for business owners, because
the currency is unlikely to have a
massive negative fluctuation simply
over the course of the business day.
Also, as more people begin
to use Bitcoins, the currency will
automatically stabilize as, with
increased usage, the market will figure
out how to price them reliably. There
are currently a little over 11 million
Bitcoins in circulation and there
is quite a bit of mining left before
Bitcoin hits the hard limit of 21 billion
Bitcoins. That means of course, that
many more Bitcoins will be introduced
into the system. More Bitcoins in
circulation will mean more people
with a vested interest in maintaining
its value.
Many have suggested that since
the system is designed to become
progressively harder after every Bitcoin
is released that miners will lose interest
in the currency once it is no longer
economical to mine. They predict
that deflation is a real possibility with
Bitcoins because increased scarcity
would change the economics of the
system.
These naysayers fail to consider
Moore’s law which, if applied to
Bitcoin, suggests that the computing
power will likely increase at such a rate
so as to offset the increasing complexity
needed to make more Bitcoins.
How will this all play out?
Bitcoin will likely face extreme
resistance from both the financial
services industry and government
regulatory agencies. Bitcoin represents
disruptive change in the way these two
groups do business and they are not
likely to take it lying down.
The financial services industry,
for example, will have to completely
revamp its business strategies. Credit
card and money transfer companies
will have to drastically drop their rates
to compete with the much lower rates
that govern Bitcoin transactions.
Governments, too, will push back
and lobby for increased regulation to
prevent things like money laundering,
but will likely be more concerned at
losing their monopoly on determining
what constitutes money.
The future for Bitcoin is wide open.
The genie has been released from the
bottle, never to return. While Bitcoin
itself may not survive long-term, the
concept itself is here to stay: record
companies were able to shut down
Napster, but file sharing lives on in the
dark corners of the internet.
Ultimately, the government cannot
prevent an otherwise legal transaction
between two parties from happening,
simply because it doesn’t like what
is being bartered. Bitcoin has value
because several people the world over
mutually agree that it does. The most
recent exchange rate has one Bitcoin
hovering at $109 and, while it has
come down off its high from several
weeks ago, it still retains quite a bit of
its value.
As the world financial markets
remain in flux, Bitcoin will continue
to be an attractive option for many
looking to diversify their cash holdings
to guard against sudden fluctuations.
Bitcoin represents a change in the way
we earn, spend and think about money.
Bitcoin is Money 2.0.
Jason Fernandes is a tech commentator
and the founder of SmartKlock.
Ultimately, the government cannot prevent an
otherwise legal transaction between two parties
from happening, simply because it doesn’t like what
is being bartered.
4. Technology
74 | GlobeAsia April 2014
B
itcoin has seen some interesting twists and
turns of late, some almost worthy of a spy
novel. On February 10 Mt. Gox, the world’s
largest Bitcoin exchange, suspended trading,
citing a possible hacking incident. Later we would
learn that in the weeks leading up to its collapse,
Mt. Gox was experiencing as many as 150,000
DDoS (denial of service) attacks per second. These
were followed closely by hacking of the notorious
Silk Road 2 illegal marketplace on February 14
and the collapse of Mt. Gox competitor Flexcoin
shortly thereafter.
While not quite the St. Valentine’s Day
massacre, the Silk Road 2 hack resulted in a loss
of over $2.4 million while Flexcoin, too, reported
a loss of over half a million dollars, which it
attributed to hacker activity. Another victim of
the hacking epidemic, Slovenia’s Bitstamp, was
also forced to temporarily halt trading after a
DDoS attack on its servers.
The fallout from these disasters unfortunately
did not limit itself to the virtual world, as
evidenced by the untimely death of Singapore-
based Bitcoin exchange First Meta’s chief
executive officer Autumn Radtke. A victim of
what’s beginning to look like the Bitcoin curse,
Radtke was found dead on February 26 in an
apparent suicide. Radke had shared a news story
on depression among entrepreneurs via a social
media site shortly before her death.
If Bitcoin enthusiasts were hoping for a quiet
and uneventful March, fate did not oblige. By
The Bitcoin curse:
Can the crypto currency weather the storm?
IllustrationNelarealino
5. April 2014 GlobeAsia | 75
far the strangest week yet in the saga
of Bitcoin began with the release of
Newsweek’s print issue relaunch on
March 7. The article centered around
the supposed unmasking of the
mysterious Satoshi Nakamoto.
The name Satoshi Nakamoto was
the (presumed) pseudonym used by
the creator of Bitcoin who had gone
to great lengths to keep his identity
secret, and had not been heard from
in a long while. Newsweek claims to
have discovered that the true identity
of Satoshi Nakamoto is none other
than 64-year-old bespectacled Dorian
Nakamoto.
Nakamoto has since vigorously
denied having any connection with
Bitcoin and other news organizations,
too, have expressed heavy skepticism
toward Newsweek’s reporting. Indeed,
an expert hired by Forbes magazine
is convinced that Nakamoto is not the
same Satoshi Nakamoto presumably
connected with Bitcoin. Newsweek,
for its part, has not only stood by its
story, but deepened the mystery by
indicating it has secret evidence – that
it will not reveal – which definitively
convinced it of Nakamoto’s identity.
Interestingly, Nakamoto has
previously worked on classified projects
for the United States government and
there are huge swathes of his life that
are largely unaccounted for. Nakamoto
also seems to be an otherwise good
candidate, given his engineering and
mathematics background. In an even
weirder (according to Nakamoto)
coincidence, he was also once known as
Satoshi Nakamoto, but westernized his
name in a bid, he says, to simplify it.
As the story played out over the
next few hours and days, it took on a
bizarre life of its own complete with
a car chase through downtown Los
Angeles, as reporters jostled to get a
word in with the presumed, elusive
creator of Bitcoin.
If things were not strange enough,
on exactly the same day the Newsweek
While Bitcoin reached a high of
approximately $1,000 recently, the
Mt Gox fiasco caused it to drop to
about $500. Bitcoin now trades in the
neighborhood of $750. While this is
certainly more volatile than we would
like to see, it is a good deal less volatile
than it could have been, given that this
is such a new concept.
Among the torrent of news relating
to Bitcoin this month, reports say that
a group of individuals has proposed
a service they call Goxcoin. As the
mutant cousin of Bitcoin, Goxcoin
would allow individuals who lost
money in Mt. Gox to sell their right
to the recovery of said monies in
exchange for immediate liquidity at a
heavily discounted rate. The existence
of Goxcoin (even as a theory, if not yet
in practice) speaks volumes about how
confident these individuals are that
the stolen Bitcoin will eventually be
recovered.
Fortunately for those who have
lost Bitcoins in the whole Mt. Gox
fiasco, a volunteer army continues
to crowdsource their search efforts.
This sort of altruism is built into the
concept of Bitcoin itself, since because
of its revolutionary structure, every
Bitcoiner has an interest in locating
the stolen coins. Because an increased
supply could impact the value of their
own holdings, there are quite a few
armchair detectives hot on the case.
A good thing in the long run?
Recently Benjamin Lawsky,
superintendent of New York’s
Department of Financial Services, told
Reuters that the collapse of Mt. Gox
article went to print, there appears
to have been a historic transaction
involving 180,000 Bitcoins, worth an
estimated $115 million. Nobody has
yet been able to ascertain the source
or destination of those funds but
many theories revolve around the
mysterious Satoshi Nakamoto and his
rumored stash of over $400 million in
Bitcoin.
The drama didn’t end there.
Just when everybody thought they
had heard the last of Mt. Gox and
its founder Mark Karpeles, the saga
again took a turn for the absurd. Soon
after Mt. Gox filed for bankruptcy
protection, a group of hackers released
a collection of documents purportedly
from Karpeles’s hard drive that they
say indicates Karpeles may have
spirited away the money himself!
While it is too soon to definitively
prove just who could have made off
with millions in Bitcoins, an ad-hoc
group of cyber sleuths is hot on the
trail. Experts say that by examining
the Bitcoin Chain, the public registry
of all Bitcoin transactions, it should be
possible to trace the stolen Bitcoins,
although this is a lengthy process.
What is really interesting,
however, is how resilient the
currency has proved. Bitcoin has
emerged largely unfazed by the entire
hullabaloo, all things considered.
Certainly the thieves who have been
stealing these massive troves of
Bitcoin were not afraid of the potential
reduction in value that a Bitcoin crash
triggered by their actions could bring.
Indeed the numbers appear to support
such a view.
Bitcoin is not the only girl at the dance, only the
prettiest. Crypto currencies are all the rage these days
and there are plenty of alternatives waiting in the
wings to take Bitcoin’s place.
April 2014 GlobeAsia | 75
Jason Fernandes
Tech commentator and the founder of SmartKlock.
6. Technology
76 | GlobeAsia April 2014
weed out the smaller players, there is clearly
a growing enthusiasm for these currencies.
While part of this is speculation, a great deal
of the interest comes from people who are
increasingly distrustful of financial institutions
and government regulation.
What next?
One can’t help but wonder if perhaps Dorian
Nakamoto’s choice for a new first name was not
influenced by the classic Oscar Wilde novel A
Picture of Dorian Gray. The tormented portrait
of Gray is a perfect metaphor for the original
Satoshi Nakamoto (whoever he is) and his Dr.
Frankenstein-like relationship with his creation.
The future of Bitcoin, of course, depends on
what’s next for the fledgling cyber currency. Will
it ever grow out of its fascination with its creator
and actually become a viable transactional
currency? Many (myself included) once believed
Bitcoin had the potential to change everything
but now that view appears to be faltering.
The good news is that Bitcoin is not
inherently insecure. While Bitcoin is distributed
and untraceable by design, that does not mean
Bitcoins are unsecurable or that Mt. Gox took
every available precaution but was simply
overrun by a fundamental flaw in Bitcoin.
Indeed, the transactions that are at the center
of the Mt. Gox collapse could have been easily
avoided or quickly discovered, had Mt. Gox used
industry-accepted accounting practices.
The fact is that there is a way to do this
legitimately and still profit because there is such
a huge opportunity for exchanges. Perhaps a
bigger player will see the value of Bitcoin and
jump in with a fully-secure system that insures all
deposits the way the Federal Deposit Insurance
Corporation (FDIC) does for banks. While nobody
wants increased regulation, some regulation
might be welcome and indeed necessary, if that’s
what it takes to keep the idea alive.
Peer-to-peer finance is the next area of
great innovation and Bitcoin is at the forefront
of this democratization of finance. One must
learn to expect a few ruffled feathers when a
fledgling currency like Bitcoin begins to play in
the big leagues, but once these early troubles are
overcome, the possibilities are too great to be
ignored.
could actually strengthen Bitcoin in the long run.
He described the collapse as a “shaking out” of
the market. I disagree with this characterization
because Mt. Gox was the world’s largest Bitcoin
trading exchange and “shaking out” usually
refers to the culling of the smaller players in the
market.
On the positive side, the collapse will
likely lead to increased safeguards and better
accounting practices across the industry. The
most controversial possibility is the ever-looming
specter of government regulation, something
Lawsky appears to favor. Part of Bitcoin’s whole
appeal is its Wild West-style fierce independence.
Most Bitcoiners would likely look at any
regulation warily and with great suspicion,
prodding it only from time to time with a long
stick to ensure that it was truly not a threat.
I’d be a fool to say that Bitcoin will survive in
its current form for much longer. Just a few short
months ago in these very pages I heralded Bitcoin
as the future of money. Today the future seems
uncertain. India has strongly cautioned Bitcoin
users and both Japan and the United Kingdom
have flirted with regulating it, only to shy away at
the last moment.
Bitcoin is not the only girl at the dance
though, only the prettiest. Crypto currencies are
all the rage these days and there are plenty of
alternatives waiting in the wings to take its place.
Ripple, Litecoin and Dogecoin are all growing
quite fast and while market forces will eventually
Many (myself included) once believed Bitcoin
had the potential to change everything but now
that view appears to be faltering.