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200-year-old idea offers a new approach for tracing stolen Bitcoins -
bitcoin  blockchain  from twitter
yesterday by rdr
So you think Matrix might happen in the future? Nah, unless we wake the f up real fast it's here now.
bitcoin  from twitter_favs
yesterday by randyhilarski
7 questions to ask before you launch an enterprise blockchain project - O'Reilly Media
We’re only at the beginning of the blockchain story, not the middle or the end. There’s no shortage of activity and ferment. If the Bitcoin blockchain is the first-generation proof-of-concept, and the Ethereum blockchain is the second, we’re now starting to see third-generation blockchains. Those blockchains include projects like Hyperledger, Cardano, and EOS. They focus on the obvious shortcomings of the existing blockchains--most notably, transaction throughput and a user interface that can fairly be described as “savage.”

Enterprise blockchain projects will only be successful if they take advantage of a blockchain’s unique properties. I’ve written elsewhere that a blockchain is a distributed ledger, shared by untrusted participants, with strong guarantees about accuracy and consistency. With that in mind, here are some questions to ask if you’re considering an enterprise blockchain project.
blockchain  ethereum  bitcoin  hyperledger  cardano  eos  trust  data  miners 
yesterday by sentinelle
Why Reinvent the Monetary Wheel? by Robert Skidelsky - Project Syndicate
At the same time, cryptocurrencies provide no security against inflation. Hayek thought that a competitive currency system would eventually lead to a monopoly of the one that kept its value best. But we have, of course, been through exactly this process of weeding out inflationary currencies throughout history, and we ended up with central banks. It is amazing that anyone should consider it necessary to retrace these steps, only to end up in the same place.

The fact is that human societies have discovered no better way to keep the value of money roughly constant than by relying on central banks to exercise control over its issue and to act directly or indirectly on the volume of credit created by the commercial banking system. The Hayekian diagnosis of the last crisis – excessive creation of credit by the banks – is correct as far as it goes. But one has only to ask why this happened to understand that there are no mechanical answers to the question or solutions to the problem. It’s not quite true to say, “Look after the economy and money will look after itself.” But it is nearer the truth than the belief that monetary reform on its own will cure the problems of a sick economy.
yesterday by corrales

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