Lifeboat Foundation

Cryptocurrency is not infallible… yet.

With IBM’s announcement of Q System One, the world’s first commercially available quantum computing system, will the processing power sufficient to break blockchain become readily available?

ARMONK, N.Y., Jan. 4, 2019 /PRNewswire/ — IBM (NYSE: IBM) Chairman, President and CEO Ginni Rometty will deliver the opening keynote at CES 2019 on Tuesday, Jan. 8. CES is the largest and one of the most influential technology events in the world.

Rometty will show how technologies like artificial intelligence, blockchain and cloud are reshaping the world of business, and, in turn, our daily lives. She also will talk about what’s coming next in these pioneering technologies – and how new data will revolutionize how we live, work and play. Rometty shares perspective on the future of technology in the Consumer Technology Association magazine It Is Innovation (i3) CES edition: https://www.nxtbook.com/nxtbooks/manifest/i3_20190102

Rometty will be joined onstage by Ed Bastian, CEO of Delta Air Lines; Charles Redfield, executive vice president of Food for Walmart; and Vijay Swarup, vice president of R&D for ExxonMobil.

Continue reading “IBM CEO Ginni Rometty Delivers Opening Keynote at CES 2019 on What’s Next in Artificial Intelligence, Blockchain and Quantum Computing” »

I owe Jack Shaw a favor. It’s one of those, “This one time in Cambodia…” type of favors. We won’t speak of it beyond perhaps a nod and wink. It’s not written down anywhere; the details of such are so vague as to be almost non existent, while encompassing the known universe. It expires upon death, of the sun; and can be redeemed whenever and by another person who need only walk up to me and say, “Jack Shaw sent me. He says to tell you ________”. And tada, that favor has been redeemed for value.

Jack would call this favor a “marker.” It’s more valuable than your house, the Empire State Building & 100k Bitcoins combined. It can even be redeemed for something even more precious, my time or an opportunity or access to my network. You know, those things that money can’t buy. Well, you can lease my time from time to time.

Favors, markers and promises are humanities’ first virtual currencies.

Continue reading “Virtual Currencies Are As Old As Favors” »

To save the tamper-proof ledger from quantum-enabled hackers, the two technologies will join forces. If they don’t, data is at risk.

The U.S. Defense Logistics Agency says blockchain technology has “enormous” potential to improve disaster relief efforts.

How Combining Mesh and Satellites leads to True Financial Freedom.

It is an eye opening video. In the financial climate we are now I am not shocked that these Miners are losing based on costs.

I wrote an article on the Wave Chronicle regarding the Crypto-Currency Crash and some of the changes that could be made to make this particular market effective for those who actually want to use Crypto-Currency as a vehicle for purchasing.

Continue reading “Bitcoin Miners Dying, Another Sign Of The Crypto-Currency Crash” »

Join me for a quick review of the spikes & dips in the Bitcoin exchange rate. This time, it’s all about one very simple chart. _{[continue below graphic]…}

The chart below shows a history of BTC price spikes, dips and recovery. Click to enlarge, then start at the top—and move down.

• • • Consider the percent-pullback after each spike (red label)
    • Think about the stellar rebound after each drop (green label)

The table at right illustrates why I do not get too worked up over the plunge in the BTC exchange rate. There are no fundamental flaws in Bitcoin math or mechanisms, the market need for benefits conveyed by Bitcoin is terrific, and popular arguments against Bitcoin are severely flawed. Skeptics and Critics typically say this:

Continue reading “BTC plunge: Why I don’t worry” »

https://paper.li/e-1437691924#/

Abstract: The term “blockchain” has caused much confusion and damage due to its failure to accurately capture the core characteristics of decentralized byzantine fault tolerant systems. In this article, a restoration of an older term is proposed as replacement.