Sunday, June 25, 2017
Monday, June 12, 2017
So "The launch of “Cheque Chain”, announced today, comes months after Emirates NBD tested the feature in conjunction with the central bank of the United Arab Emirates. The banking group began testing the tech in a bid to reduce fraud."
UAE Emirates Islamic Bank launches blockchain for checks
Tuesday, June 6, 2017
Quantum computing is fascinating, but it's really early stages, so we don't know what it or where this technology will shape the space. Will it be real quantum computing or a marketing hyped space ? We all know half the AI space isn't even complicated machine learning algorithms.
But the super quantum computers could make the blockchain cryptocurrency double spend philosophy null and void and irrelevant. Brute force attacks are cost prohibitive with normal computers. But brute force with a quantum computer, Still expensive , but possible. And that's today. Just imagine.
Good start here in testing different strategies to combat this possibilities.
Tuesday, May 30, 2017
Friday, May 26, 2017
Decentralized. A decentralized world and internet. Places or DAOs or a BitNation like "organization" are out in the wild wild decentralized global West now.
However do most people know what any of this means ? Some might. Many don't. Fewer even know it's happening already. They just see Bitcoin or Ethereum as a money making investment opportunity. That's good and bad for various reasons.
But is Ethereum really decentralized?
In one way it is. In another it is one very popular intelligent young 'founder' who seems to have the Steve Jobs and Elon Musk effect on Ethereum and the cryptocurrency space.
What he says seems to be the one version of the truth. And ConsenSys also seems to be the one version of a company that builds out the real platform. A lot of very smart and great individuals. But they also arent exactly decentralized.
Maybe it's a open source Redhat kind of play. It's still open source and great for the community, but they also arent exactly all that open in many many ways. Unless it helps their own bottom line. And we have seen that with Ethereum vs Ethereum Classic. And the Ethereum Enterprise Consortium just sounds like business as usual.
Sorry, but Private blockchains aren't decentralized. And the hard vs soft forks and Segwit conversations are fascinating, but show the advantages and challenges in the space.
I think bitcoin and Bitcoin and that version of the blockchain technology is far more decentralized vs say an Ethereum. It's harder to do anything like a smart contract though.
What about a Litecoin or the lightning network or swarm or hyperledger or Monero or the Golem network or Storj or Ripple ? They all seem to be far from what the term decentralized actually means. and Ripple is centralized at its core. Plus most mining pools and exchanges are really just centralized systems. Business as usual really.
In one way or another ICOs are nothing more than raising capital for a few founders and companies. Decentralized be damned I guess.
Time will tell how it all plays out.
Thursday, May 25, 2017
How will Blockchain Change the World ?Blockchain, bitcoin, Ethereum, Litecoin, Ripple, Monero and the like are changing the world as we speak...
However they also aren't exactly being used for much more than speculative investments. Or silk road like transactions. Or Ponzi scheme like ICOs. And why not when people can earn 100%, 200%, 900% returns in such a short time. It's a very interesting dynamic but it's only one piece of the 'blockchain' and cryptocurrency puzzle. As they say it's like we are early stages of the 1993 internet but wth the 1998 Hype cycle. The investment money is driving the hype, but the technology will change the future. People just don't realize it yet. Most people don't even know what this is and the banks are so fearful they are trying to create their own private blockchain consortium.
Friday, May 12, 2017
Will it solve the transactional scaling weakness ? And will it ever be approved and integrated ? And how will that change things ?