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PoundCoin: is the UK government working on a national coin?

PoundCoin: is the UK government working on a national coin?

Post Date 22 July 2016 Author


You know a new technology’s come of age when a major world government wants in on the action. News of bitcoin’s potential for new money markets reached Westminster earlier this week, in the form of a Bank of England white paper called The macroeconomics of central bank issued digital currencies. That’s right, central banks are pushing hard for blockchain in an effort to hedge their bets against established cryptocurrencies, against whom they are vulnerable financially and politically without a rival product. While proceedings are still in their infancy, changes are already afoot.

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Bitcoin is perfect for money remittance – so why the long wait?

Bitcoin is perfect for money remittance – so why the long wait?

Post Date 08 July 2016 Author


What could be more perfect when you need to send money across borders than borderless money? I don’t think anyone can really argue against bitcoin’s suitability for money remittance, yet the industry is still dominated by the traditional money transfer networks. But the digitisation of money is creating new gaps in the market, and there are swaths of innovative bitcoiners out there looking to fill the gaps. The existing players are working hard to fill the cracks, but they can’t – in my opinion – hang on forever. Why? I’ll explain in this article. But first, I’d like to debunk some myths.

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What does the DAO attack mean for bitcoin?

What does the DAO attack mean for bitcoin?

Post Date 24 June 2016 Author


With the DAO and Ethereum still reeling from the massive hack this week (actually, it’s not technically a hack, but more on that later), the news feeds are awash with opinions and predictions about the future of Ethereum, and the viability of its code base. If you need a quick primer, here’s what happened: a group of folks calling themselves the DAO (distributed anonymous organisation) got together and raised a lot of Ether to create an investment group. The idea was they’d collect funds, and distribute them to interesting startups or projects, hoping for returns either in Ether or its rising price thanks to increased sponsorship and uptake.

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Have 21 Inc really just invented the third web?

Have 21 Inc really just invented the third web?

Post Date 17 June 2016 Author


If you’ve never heard of 21 Inc until now, you can be forgiven. Just another bitcoin startup trying to make a dent in the internet’s colossal landscape? Maybe, but this time I reckon we might actually be witnessing a game-changing moment, not just in bitcoin, but in the internet at large. Did you know that the HTTP protocol has included a code for machine payments for the last 20 years? (Code 402 for all you inquisitive types.) Until now, it’s been too difficult to implement machine payments, because the financial world is tied up in convoluted proprietary systems.

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What's driving the bitcoin price spike?

What's driving the bitcoin price spike?

Post Date 03 June 2016 Author


Those of you holding any significant amount of bitcoin must be feeling pretty smug right now. With prices jumping up a massive 20% over the course of just 3 days last week, you’re suddenly enjoying the weight of unexpected extra funds. If you’re relatively new to bitcoin, you can be forgiven for feeling a flush of excitement – what other investment gives you this kind of rush? And while prices seem to be holding out at around $540, those of you playing the long game will know that we’ve been here before

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