Last week we discussed problems with using really big numbers in cryptocurrencies. This week I'd like to talk about misconceptions surrounding cryptocurrencies with big coin supplies, as well as the wider topic of inflation. Both this and the previous article were inspired by the OneLife Mastermind event, during which the people on stage were gushing about how many coins their system will have and can mine, "The new blockchain will mine 50'000 coins per minute. [...] I think we are mining about 2'000'000'000 coins now." http://bravenewcoin.com/news/big-numbers-dont-mean-big-money/ |
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Scorechain is a Luxembourg-based bitcoin and blockchain solutions startup that entered the market with the release of the mobile bitcoin wallet, Yallet, last year. The company has since pivoted towards blockchain analytics, raising US$570,000 along the way. “We want our solutions to meet Bitcoin users’ actual needs and anticipate financial regulators constraints,” the company CEO, Pierre Gérard, explains. “We address Bitcoin activities while continuing to promote Research & Development on other blockchains providing smart-contracts implementation.” http://bravenewcoin.com/news/financial-institutions-investigate-blockchain-in-leading-investment-fund-country/ |
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The Bitcoin blockchain has long been touted as an alternative to legacy financial systems. Among a range of technological achievements, the peer to peer electronic cash system offers low fees and near instant transactions. However, the number of transactions processed by the network has been an ongoing source of contention. https://www.reddit.com/r/BraveNewCoin/ |
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Bill Gross recently shared his thoughts about bitcoin and blockchain. As Portfolio Manager of the Janus Global Unconstrained Bond strategy, Gross is responsible for responsible US$1.54 billion in assets. Gross has had a long and successful career in financial markets. He co-founded Pacific Investment Management (PIMCO) in 1971 and went on to run what would become the world’s largest bond fund, PIMCO’s Total Return Fund, which had US$270 billion in assets. He left the position to join Janus in September 2014. http://bravenewcoin.com/news/bill-gross-says-bitcoin-might-lead-to-an-alternative-to-the-current-financial-system/ |
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PricewaterhouseCoppers (PwC) recently recently hosted a discussion for the Asset and Wealth Management (AWM) sector to specifically look at the application and potential of distributed ledger technology on their business. “From our work across the financial services sector, it is clear to us that Blockchain applications have the potential to transform the industry,” said Steve Webb, Partner at PwC & UK lead for Blockchain. “Blockchain is not just hype – there is real interest in this topic.” http://bravenewcoin.com/news/the-mass-adoption-of-blockchain-technologies-is-becoming-inevitable-says-pwc/ |
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From controlled to marketplace and from internal to external focus, another key change is the very nature of technology itself. It’s quite clear that a start-up today could launch with just a few thousand dollars, Amazon Web Services and a bright idea. There is no need to build complex infrastructure and spend months with hundreds of coders creating something. https://www.reddit.com/r/BraveNewCoin |
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A pandemic is plaguing the cryptocurrency industry today, yet most of us don’t yet know we’re infected. These diseases arise from extreme exposure to hundreds of national and local laws, jurisdictions, rules, and unknown legal risks due to engaging in open global systems in a world that is largely still clinging to nation-centric, hyper-local rules and controls. While currently there is no cure for these diseases as a whole, we can acquire immunity to some of the most problematic, by using an existing prophylactic vaccine: arbitration. This article aims to explain what options exist and how they might be used to protect yourself, your clients, and the industry. http://bravenewcoin.com/news/vaccinating-ourselves-from-local-courts/ |
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