Lifeboat Foundation

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” »

By Michael S. Malone — MIT Technology Review

The view from Mike Steep’s office on Palo Alto’s Coyote Hill is one of the greatest in Silicon Valley.

Beyond the black and rosewood office furniture, the two large computer monitors, and three Indonesian artifacts to ward off evil spirits, Steep looks out onto a panorama stretching from Redwood City to Santa Clara. This is the historic Silicon Valley, the birthplace of Hewlett-Packard and Fairchild Semiconductor, Intel and Atari, Netscape and Google. This is the home of innovations that have shaped the modern world. So is Steep’s employer: Xerox’s Palo Alto Research Center, or PARC, where personal computing and key computer-­networking technologies were invented, and where he is senior vice president of global business operations.

And yet Mike Steep is disappointed at what he sees out the windows.
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Ariel Schwartz — FastCo

No matter how many coding initiatives for women and diversity programs are launched, the inescapable fact remains: The tech industry is overloaded with men, especially in the top ranks. It’s an vicious cycle. The more men are hired for top jobs, the more they tend to hire men themselves.

Entrepreneurs Eileen Carey and Lauren Mosenthal believe the best path to gender equality is peer mentorship—that is, mentorship from people at your same skill and career level. So they created Glassbreakers, an online platform that matches women in tech (product managers, software engineers, data scientists, and so on) with peer mentors. It’s a little like online dating for mentors.

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Bitcoin as a cryptocurrency has had its moments of strength and weakness. The technology behind bitcoins, however, is a different story. While skeptics don’t expect a lot from Bitcoin as an alternative currency because of its volatility, they do have high hopes for the technological innovation that powers it, believing that it can be further developed to create something much powerful than Bitcoin itself.

To those who know Bitcoin as a great way of transacting online, but don’t completely understand its dynamics, it’s time to get acquainted with the cryptocurrency’s mathematical wonders that make anonymous, faster, and cheaper transactions of moving funds on the internet possible.

Most of us know that Bitcoin uses the SHA-256 hashing algorithm, but hashing serves a different function and purpose from that of digital signatures. Hashing actually provides proof that a message has not been changed because running the same hash always generates similar result.

Any message, regardless of the size can go into a hash function where the algorithm breaks it down, combines the parts, and “digests” it until it makes a fixed-length outcome called “digest”. However, a good hashing algorithm possesses some critical characteristics, in which the same message always produces the same result, as mentioned above, and it only works in one direction.

Continue reading “The Mathematical Wonders behind Bitcoin” »

The Economist

IN THE 50 years between the end of the American civil war in 1865 and the outbreak of the first world war in 1914, a group of entrepreneurs spearheaded America’s transformation from an agricultural into an industrial society, built gigantic business empires and amassed huge fortunes. In 1848 John J. Astor, a merchant trader, was America’s richest man with $20m (now $545m). By the time the United States entered the first world war, John D. Rockefeller had become its first billionaire.

In the 50 years since Data General introduced the first mini-computers in the late 1960s, a group of entrepreneurs have spearheaded the transformation of an industrial age into an information society, built gigantic business empires and acquired huge fortunes. When he died in 1992, Sam Walton, the founder of Walmart, was probably America’s richest man with $8 billion. Today Bill Gates occupies that position with $82.3 billion.

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Quoted: “Looking at the misinformation, speculation, and confusion about bitcoin and blockchain technology: it’s the same conversation we had 20 years ago with the Internet. In the early 90s, the only way you could check your email was through a command line prompt. Then, web browsers were developed, small websites were created, and…well, as you can see, a lot has changed since. It’s looking as though bitcoin is just the first app to use blockchain technology, just like email was the first app to use the Internet.”

Read the article, and learn about the January 27, 2015, conference, here > http://radar.oreilly.com/2015/01/bitcoin-is-just-the-first-a…ology.html

From Innovation to Oblivion…

The ups and downs of Bitcoin as an internet currency may be compared to the eventual demise of Google Glass due to its lack of purpose among consumers. While it does not significantly hold true for bitcoins, which apparently have a more supportive and enthusiastic followers, the path that these two have taken and will take may be substantially similar than we like to admit.

For one, Bitcoin’s staggering price decline in the recent days left some people wondering what road it will eventually take in the near future. Is it only taking a detour or is it bound for a dead end?

In the case of Google Glass, it received much attention during its inception a few years ago. It was even named by Time magazine one of the best innovations of 2012. However, despite the ingenuity behind a supposed-to-be groundbreaking invention, Google Glass lacked a tangible sense, its purpose incoherent.

Continue reading “Bitcoins and Google Glass: Are They Heading For the Same Direction?” »

Quoted: “IBM has unveiled its proof of concept for ADEPT, a system developed in partnership with Samsung that uses elements of bitcoin’s underlying design to build a distributed network of devices – a decentralized Internet of Things. The ADEPT concept, or Autonomous Decentralized Peer-to-Peer Telemetry, taps blockchains to provide the backbone of the system, utilizing a mix of proof-of-work and proof-of-stake to secure transactions.”

Read the article here > http://www.coindesk.com/ibm-reveals-proof-concept-blockchain…et-things/

GM Overcoming Toyota & Ford Surmounting Honda, Unfailingly, For Life!

FIRST

The reason why Japanese automotive industry beat the U.S. car-makers is because, to them, it is an outright existential world to win and in the process spread a sense of Japanese exceptionalism.

They are fighting a most-lucrative World War merciless!

Continue reading “GM Overcoming Toyota & Ford Surmounting Honda, Unfailingly, For Life! By Mr. Andres Agostini” »