License to print money... BitCoin?

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April 10th, 2017 at 5:55:28 AM permalink
Member since: Oct 27, 2012
Threads: 47
Posts: 4134
Slashdot reports that a Japanese bitcoin exchange is suing Wells Fargo bank for suspension of its wire transfer system despite the bitcoin exchange having no direct dealings with Wells Fargo.
May 8th, 2017 at 10:06:53 AM permalink
Member since: Oct 24, 2012
Threads: 660
Posts: 7563
With a bitcoin now being firmly above the price of an ounce of gold (since 2012) and market capitalization at $27 billion, it is interesting to note that there are four other crypto currencies with market cap above $1 billion.

Bitcoin released 3 January 2009
Etherum released 30 July 2015
Ripple released 2012

# Name Market Cap Price Circulating Supply Volume (24h) % Change (24h)
1 Bitcoin $27,013,211,886 $1655.39 16,318,337 BTC $1,419,840,000 5.91%
2 Ethereum $8,480,102,800 $92.75 91,426,328 ETH $262,033,000 -4.63%
3 Ripple $8,330,186,884 $0.219472 37,955,579,225 XRP $383,127,000 69.00%
4 Litecoin $1,522,786,215 $29.85 51,006,582 LTC $148,556,000 -0.20%
5 NEM $1,161,540,000 $0.129060 8,999,999,999 XEM $45,063,100 35.98%

As I said earlier, UK, Denmark, Sweden, Norway and Iceland are all considering releasing a digital national currency. Sweden and Denmark are part of the EU with Britain having decided to withdraw.

Britain has increased speculation that it may withdraw the £50 banknote, as it has not made an announcement as to when it will be replaced with a polymer version.

NEM is a peer-to-peer cryptocurrency and blockchain platform launched on March 31, 2015. The NEM blockchain software is used in a commercial blockchain called Mijin, which is being tested by financial institutions and private companies in Japan and internationally.The development goal of Mijin is publicly stated as being to reduce the cost of banking infrastructure by 90% by Q4 2018.
May 9th, 2017 at 6:40:39 AM permalink
Member since: Oct 27, 2012
Threads: 47
Posts: 4134

13 ISPs host 30% of the entire Bitcoin network, 39 ISPs host 50% of the whole Bitcoin mining power, and 3 ISPs handle 60% of all Bitcoin traffic making partioning and latency attacks rather easy for hackers to perform.

Paper to be presented at soon to convene IEEE conference in San Diego/San of those 'sans'.
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