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Author: Bitcoinist

Why Does the New Economy of Knowledge Sharing Matter?

“In today’s environment, hoarding knowledge ultimately erodes your power. If you know something very important, the way to get power is by actually sharing it.” — Joseph Badaracco The Fourth Industrial Revolution Historically, our society has undergone paramount technological changes in three industrial revolutions: 1st Industrial revolution – 1765: mechanization; 2nd Industrial revolution – 1870: mass production; 3rd Industrial revolution – 1969: automation Today, technology is already changing our lives. Drones deliver goods, Siri helps

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Bitfinex Enables Voting for EOS Block Producers

After more than 15 percent of the EOS community has already voted, Bitfinex — one of the leading candidates — has deployed an open-source voting tool which affords users the ability to vote directly from the trading platform while, at the same time, being able to trade. Bitfinex Ballot, as the tool is dubbed, is already available for voting and for deployment on other exchange platforms.  To the Bitfinex Ballot Box The world’s sixth largest

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Netflix And Shill? Hollywood Films Its Cryptocurrency Premiere

Hollywood has announced it will film its first high-profile feature centered on cryptocurrency – and its alleged connection with money laundering in the art world. ‘Crypto,’ Art And Money Laundering ‘Crypto,’ an unlikely blockbuster which will see actors from some of the most popular current US serials play major roles, will begin filming later this year, local industry magazine Hollywood Reporter revealed last week. The story of a corruption network in upstate New York, the

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Let’s Break the Internet

Cardano is by far the most philosophical of all the blockchains in the crypto-space. Its protocol has been described as more of a batch of computer science principles, than a product with a roadmap. Like Ethereum, NEO, and EOS, Cardano is a platform for creating decentralized applications. It has some really smart people backing its development too, which is one of the reasons this brand new product was able to find it’s way into the

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Everything You Need to Know Before the ICON (ICX) Token Swap

After various delays, the ICON (ICX) token swap is almost upon us. Here’s everything you need to know before the platform switches out its ERC20 ICX tokens for mainnet ICX tokens!  In the coming days, ERC20 ICX tokens will be swapped out for mainnet ICX coins. The exchange rate will be pegged to a ratio of 1:1, and mainnet ICX coins will not be backward convertible into ERC20 tokens. I just published “ICX Token swap

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The Central Banks’ Bank (BIS) Hates Bitcoin — Which is Reassuring

The Bank for International Settlements (BIS), a global “bank for central banks” based in Basel, Switzerland, has once more declared that cryptocurrencies are not only “not ready for prime time,” but could also “bring the Internet to a halt.” [Note: This is an op-ed] BIS: Bitcoin, You Scary On Sunday, BIS released a new 24-page document outlining why it believes cryptocurrencies like Bitcoin cannot become a bona fide financial instrument for the global economy. The

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Investing In Cryptocurrency Likened To Investing In The Internet 10 Years Ago

Many of those invested and interested in the cryptocurrency markets were around for the rise and fall of the Dot-com era and birth of the widespread public internet. The Dot-com bubble burst is constantly being used in arguments that cryptocurrency will suffer the same fate, bringing the markets to a crashing close. Are we early to the party, or just in line for disappointment? Boom And Bust It is safe to say that anyone who has

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The Great Ripple Debate: FinCEN Ruling Labels XRP a Currency, Not a Security

The US SEC has decided Bitcoin and Ethereum will not be regulated as securities but the debate continues to rage over Ripple, the third-largest cryptocurrency by market capitalization. Some argue US FinCen has already set a precedent for Ripple’s definition, which will mean the SEC must eventually follow suit. June has seen the US Securities and Exchange Commission (SEC) make clear that Bitcoin (BTC) and Ethereum (ETH) are not securities and will not be regulated

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Cryptocurrency Hedge Fund Profits Plunge Amid Market Volatility

The struggles of cryptocurrency hedge funds in 2018 seem to have no end in sight. With half of the year almost gone, these crypto-focused hedge funds continue to perform poorly. Declining Revenues Amid Price Dip According to the Financial Times, cryptocurrency hedge funds are down by 35 percent so far in 2018. This decline is in stark contrast to 2017 when revenues grew by 2,700 percent. Such was the success of the market that a

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EOS Tokens Not For Passive HODLers

If you’ve bought into EOS with an intention to be a long-term HODLer without having to do anything with the tokens, you might want to reconsider. According to the project’s Constitution, if your account is inactive for 3 years, it may be put up for auction. A closer look EOS’ highest law can certainly make you raise an eyebrow. EOS, the project which raised $4 billion in a year-long Initial Coin Offering (ICO), has put

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UK Department for Education Says ‘No’ to Cryptocurrency Curriculum in Schools

Though the availability of formal cryptocurrency and blockchain education around the globe is increasing rapidly, the UK Department for Education (DfE) appear to have no immediate plans to include cryptocurrency as a topic in the UK school curriculum. However, the country’s school children will see a “rigorous” new mathematics curriculum and financial literacy education. In a recent interview, a Department for Education (DfE) spokesperson did not voice any objection to cryptocurrency but equally did not

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Hoard: Accessible and Affordable Crypto Banking for All

The banking sector has long been untrustworthy, taking advantage of customers while implementing centralized and opaque practices which serve to only benefit financial institutions. In essence, you lose your hard-earned money while wealthy bankers add to their stockpiles. Luckily, the days of these unfair business practices are coming to an end.  Be Your Own Bank Only time will tell what will happen to traditional financial institutions, but history suggests no institution is too big to

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