“Device Democracy”: IBM’s IoT Paper – Or “on the blockchain, nobody knows you’re a fridge – made real”

Richard Brown: “….we should view Bitcoin and cryptocurrencies as far more than just currency and payment systems: they’re enablers for whole new classes of innovation.”

Richard Gendal Brown

The IBM “Device Democracy” paper is another example of how blockchain technologies could have impacts well beyond currency

I recorded an interview for Finextra last year, where I argued that we should view Bitcoin and cryptocurrencies as far more than just currency and payment systems: they’re enablers for whole new classes of innovation.

One of the example I gave was how they could provide an economic underpinning for the Internet of Things (IoT) and pointed out that if devices in your home each had their own Bitcoin wallet, the Internet of Things could rapidly become the Economy of Things

On the blockchain, nobody knows you’re a fridge (Buy it from teespring.com!)

But talk is cheap. Implementation and delivery is what counts.

So I have been enormously privileged to contribute, in a very small way, to a fascinating project being led by Paul Brody, IBM’s Vice President for…

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The Well Deserved Fortune of Satoshi Nakamoto, Bitcoin creator, Visionary and Genius

Bitslog

I won’t discuss anything in this post. I’m tired of discussing technical things with people with skewed opinions and monetary interest. I’ve talked enough in the Bitcointalk forum about Satoshi. Some people screamed at me. But a picture is worth a thousand words. And I will show pictures that everyone can replicate. Please forgive me for the awful image design.

The graphs were made by a new block chain analysis technique I tested that consist on tracking the ExtraNonce fields in the coinbase field of the coinbase transaction, which is the one that creates bitcoins. As far as I know, is hasn’t been done before. In the following graphs each dot is the creation of 50 BTC. I have only analyzed and printed graphs from block 0 upto block 36288. I wonder what will I get when I process the remaining three years.
The extraNonce fields increments every time the nonce fields (which is…

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OverstockCEO kicks butt: “Cryptocurrencies like bitcoin are going to be around for as long as the law of mathematics works.” via /r/Bitcoin

Go, Byrne/Bitcoin, go.

1.618

Cryptocoins Today


OverstockCEO kicks butt: “Cryptocurrencies like bitcoin are going to be around for as long as the law of mathematics works.”

Hows that for confidence?

Also I love this quote too: “We’re in bitcoin for the long haul, I intend to make it permanent”

Source: http://ift.tt/1l7Befh

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IAmA with Patrick Byrne from Overstock going on now! via /r/Bitcoin

Patrick Byrne is a hell of an investigative journalist. Might not have set out to be that, but he is – and it’s no easy badge to receive or live up to. One of the more relentless paths, I can attest.

R

Cryptocoins Today


IAmA with Patrick Byrne from Overstock going on now!
http://ift.tt/1i79grR

Submitted May 02, 2014 at 08:15PM by walden42
via reddit http://ift.tt/1i79gI5

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Video

ROSS WILLIAM ULBRICHT: Historical case which will set precedent

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In this video Luke Rudkowski has an emotional conversation with the mother of Ross Ulbricht, alleged Silk Road’s founder who is currently in prison. This particular case is very unique and we are witnessing our legal system adapt to the evolution of the internet. For more information on this historical case and the legal defense fund please visit FreeRoss.org

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