Lifeboat Foundation

Quoted: “DNotes can best be characterized, as a second generation Bitcoin alternative digital currency. It objectively studied Bitcoin’s strengths and weaknesses as well as threats and opportunities. DNotes was created on February 18, 2014 with an objective to meet the full functions of fiat currency as a unit of account, store of value and medium of exchange within three years. It decided to take a very different path since day one in building a trustworthy stable digital currency with reliable long term appreciation.

Central to DNotes long term strategic plan is the creation of highly scalable building blocks, as the foundation of its own ecosystem. Those strategic building blocks include CryptoMoms; a currency neutral site dedicated to encourage women participation, DNotesVault; a free secure storage for DNotes’ stakeholders with 100% deposit guarantee with verifiable funds, and CRISPs; a family of Cryptocurrency Investment Savings Plans for everyone worldwide. The core mission of CRISP is to make the savings opportunity available to everyone; from the unborn to the most senior; from the unbanked to the super rich. The opportunity for anyone to participate irrespective of financial standing, coupled with combined charity efforts will bring about much needed financial freedom for millions worldwide.”

Read more here > http://www.pressreleaserocket.net/bitcoin-alternative-dnotes…ce/109719/

Quoted: “The decentralized Sapience AIFX project has developed a distributed artificial intelligence system running on a cryptocurrency network. In addition, the project has implemented the first distributed database platform running entirely over the bitcoin peer-to-peer protocol, built on top of a distributed hash table with redundancy, resiliency, and multi-dimensional trie-based indexing. These technologies are the first core pieces in the Sapience AIFX platform strategy to be the market leader in the consumerization of the blockchain.

The project has implemented the first in-wallet interactive Lua shell, bringing developers unprecedented capabilities to build solutions leveraging the blockchain, multi-layer perceptron networks, and distributed data storage. The possibilities span from algorithmic trading tools to bioinformatics and data mining, and the traditional applications of deep learning.”

Read more here > http://www.pressreleaserocket.net/first-cryptocurrency-to-ut…in/104609/

by Daniel Roberts — Fortune

For all the media coverage, and for all the venture capitalist interest, the average person on the street still knows nothing about bitcoin.

According to a study released by the nonprofit Coin Center last month, 65% of the general public is “not at all familiar” with the digital currency or its underlying technology. Of those who do have some awareness, 84% have never used it.

That hasn’t stopped authors from rushing in to churn out books on bitcoin. In 2014, hundreds of books were published on the topic. Why are business writers so intrigued? Fortune spoke to the authors of three recent serious books on the topic. Below are five questions from each conversation.
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by Steve Dent — Engadget

If you recently installed or updated uTorrent on your PC, you may have have picked up an unwanted passenger: a bitcoin miner called Epic Scale. If you don’t pay attention, that piece of code can be inadvertently installed with the latest uTorrent build (version 3.4.2). It can then use your computer as part of a bitcoin farm (Litecoin, to be exact) to generate revenue for third parties. Users first reported the situation on uTorrent’s forums, and it was quickly confirmed by a senior support manager. He said that the app “cannot be installed without permission,” but one user claimed that there was “never a warning about it,” even though he opted out of other bundled software.
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Quoted: “At the event, CEO Bill Barhydt said: “Our mission with Abra is to turn every smartphone into a teller that processes withdrawals. This is not just another bitcoin app. The wallet is a full-fledged digital asset management system, and you don’t have to understand it.”

Use of the application is straightforward and relies on a network of people around the world who act as tellers, charging small fees to help people transfer money abroad. A user can deposit funds into his or her account using a debit card or by meeting up with a teller in person and handing them cash. Then those funds can be instantly — the power of Bitcoin — transferred anywhere in the world. The person receiving the money has only to find a teller, show that he or she is the recipient of the funds, and exchange the digital cash (denominated in USD) back for their local currency.”

Read the article here > https://bitcoinmagazine.com/19490/abra-announced-launch-fest…d-bitcoin/

by Wanda Carruthers — Bitcoin Magazine

Speakers from the top companies in the Bitcoin industry will present a full-day mini-conference of Bitcoin-related content during the SXSW 2015 Interactive Festival. The event will take place Monday, March 16, at SXSW’s Startup Village in the Austin Grand Ballroom of the Hilton Downtown in Austin, Texas.

The event will feature five sessions focusing on topics about the Bitcoin industry, with information from basic to advanced. Good and bad myths will be addressed, and speakers will share their vision for a future with Bitcoin.

The hour-long sessions for the day are titled “What is Bitcoin?,” “Bitcoin 2.0,” “A Future with Bitcoin,” “Impact on Developing World,” and “Real World Applications.” Read more

Quoted: “Blockchains are thus an intriguing model for coordinating the full transactional load of any large-scale system, whether the whole of different forms of human activity (social systems) or any other system too like a brain. In a brain there are quadrillions of transactions that could perhaps be handled in the universal transactional system architecture of a blockchain, like with Blockchain Thinking models.”

Read the IEET brief here > http://ieet.org/index.php/IEET/more/swan20150217

by John Biggs — TechCrunch

Bitcoin mining is not a pretty business. It requires lots of specialized servers that are essentially unusable for normal computing and lots of cooling. But when you bring thousands of miners together in the same room, things really get ugly.

Motherboard has some fascinating footage of a bitcoin mine in Liaoning Province, China. The mine, set up in an unused factory, is a snakes’ nest of wires and high-powered fans, a sort of high-tech server farm that is so resource-intensive that it has to be optimized to a fault.
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The recently concluded Bitcoin & the Blockchain Summit in San Francisco on January 27 came up as a vivid source of both anxiety and inspiration. As speakers tackled Bitcoin’s technological limits and possible drawbacks that can be caused by impending regulations, Bitcoin advocate Andreas Antonopoulos lifted up everyone’s hope by discussing how bitcoins will eventually survive and flourish. He managed to do so with no graphics or presentations to prove his claim, just his utmost confidence and conviction that it really will no matter what.

On the currency being weak

There have been statements about Bitcoin’s technology surviving, but not the currency itself. Antonopoulos, however, argues that Bitcoin’s technology, network, and currency are interdependent with each other, which means that one element won’t work without the other. He said: “A consensus network that bases its value on the currency does not work without the currency.”

On why Bitcoin works

Continue reading “Bitcoin’s Unique Features Lighten Up its Ambiguous Future” »