Lifeboat Foundation

Quoted: “If you understand the core innovations around the blockchain idea, you’ll realize that the technology concept behind it is similar to that of a database, except that the way you interact with that database is very different.

The blockchain concept represents a paradigm shift in how software engineers will write software applications in the future, and it is one of the key concepts behind the Bitcoin revolution that need to be well understood. In this post, I’d like to explain 5 of these concepts, and how they interrelate to one another in the context of this new computing paradigm that is unravelling in front of us. They are: the blockchain, decentralized consensus, trusted computing, smart contracts and proof of work / stake. This computing paradigm is important, because it is a catalyst for the creation of decentralized applications, a next-step evolution from distributed computing architectural constructs.

Read the article here > http://startupmanagement.org/2014/12/27/the-blockchain-is-th…verything/

Kaizen and Six Sigma Vs. White Swan “…Transformative and Integrative Risk Management …”

ABSOLUTE END.

Continue reading “Kaizen and Six Sigma Vs. White Swan ‘…Transformative and Integrative Risk Management …’ [Pictorial] — Andres Agostini” »

Quoted: “Ethereum will also be a decentralised exchange system, but with one big distinction. While Bitcoin allows transactions, Ethereum aims to offer a system by which arbitrary messages can be passed to the blockchain. More to the point, these messages can contain code, written in a Turing-complete scripting language native to Ethereum. In simple terms, Ethereum claims to allow users to write entire programs and have the blockchain execute them on the creator’s behalf. Crucially, Turing-completeness means that in theory any program that could be made to run on a computer should run in Ethereum.” And, quoted: “As a more concrete use-case, Ethereum could be utilised to create smart contracts, pieces of code that once deployed become autonomous agents in their own right, executing pre-programmed instructions. An example could be escrow services, which automatically release funds to a seller once a buyer verifies that they have received the agreed products.”

Read Part One of this Series here » Ethereum — Bitcoin 2.0? And, What Is Ethereum.

Read Part Two of this Series here » Ethereum — Opportunities and Challenges.

Read Part Three of this Series here » Ethereum — A Summary.

Quoted: “Bitcoin technology offers a fundamentally different approach to vote collection with its decentralized and automated secure protocol. It solves the problems of both paper ballot and electronic voting machines, enabling a cost effective, efficient, open system that is easily audited by both individual voters and the entire community. Bitcoin technology can enable a system where every voter can verify that their vote was counted, see votes for different candidates/issues cast in real time, and be sure that there is no fraud or manipulation by election workers.”

Read the article here » http://www.entrepreneur.com/article/239809?hootPostID=ba473f…aacc8412c7

Quoted: “The Factom team suggested that its proposal could be leveraged to execute some of the crypto 2.0 functionalities that are beginning to take shape on the market today. These include creating trustless audit chains, property title chains, record keeping for sensitive personal, medical and corporate materials, and public accountability mechanisms.

During the AMA, the Factom president was asked how the technology could be leveraged to shape the average person’s daily life.”

Kirby responded:

“Factom creates permanent records that can’t be changed later. In a Factom world, there’s no more robo-signing scandals. In a Factom world, there are no more missing voting records. In a Factom world, you know where every dollar of government money was spent. Basically, the whole world is made up of record keeping and, as a consumer, you’re at the mercy of the fragmented systems that run these records.”

Continue reading “BitCoin, Cryptocurrency, and Blockchain Technology — FACTOM” »

Preamble: Bitcoin 1.0 is currency — the deployment of cryptocurrencies in applications related to cash such as currency transfer, remittance, and digital payment systems. Bitcoin 2.0 is contracts — the whole slate of economic, market, and financial applications using the blockchain that are more extensive than simple cash transactions like stocks, bonds, futures, loans, mortgages, titles, smart property, and smart contracts

Bitcoin 3.0 is blockchain applications beyond currency, finance, and markets, particularly in the areas of government, health, science, literacy, culture, and art.

Read the article here » http://ieet.org/index.php/IEET/more/swan20141110

. @hjbentham. @TheVenusProject. @clubofinfo. #futurism. #LOrdre. #antistatism.

Continue reading “World Inequality, Digital Life & the State” »

My Brief Q&A session with Christoffer De Geer, about BitCoin, Cryptocurrency, and Blockchain Technology.

This Q&A was first published by Mr. Geir Solem, Director of Cryptor Trust Inc., on the Cryptor Primary Investor Blog (Date: October 31, 2014).

Quote: “BitCoin was the first small step in what I believe will be a truly transformational journey, for each and every one of us. In 10 Years Cryptocurrency and Blockchains have every chance to have the same, or greater, impact on our lives, society, and civiliation, as the creation of Email had to the Postal Service, and the Fax Machine as compared to the Internet; in 25 Years Monetary Systems, Systems of Trade and Exchange, Systems of Transaction of Goods, Ledger and Recordation Systems, Everything You Know – Will – Be – Different – and, Unrecognizable relative to what we know today at the end of the year 2014.”

See the Q&A article here » [Article: BitCoin, Cryptocurrency, and Blockchain Technology] (more…)

Currents and Undercurrents?

I was reading The Economist and a notion came to my mind.

We have all have heard the Chinese adage,

“… Don’t look at the waves but the currents underneath …”

Continue reading “Currents and Undercurrents?” »