Thursday 5th March

BITCOIN

bitcoin_logo_small-150x150

Blockchain.info Hits 3 Million Wallets

January 2013: 100,000

January 2014: 1 million

August 2014: 2 million

March 2015: 3 million

Lee Banfield

 

Coins.co.th: A Great Bitcoin 1.0 Service

Coins.co.th deserve a lot of credit for making bitcoin more useful for day to day life in Thailand & the Philippines.

Pay water, electricity, phone bills with bitcoin. Fast, easy to use, cheap. Much better than using Paypal or Western Union for getting international payments into Thai Baht or Philippine Pesos.

It’s good to see a company fixing simple real life problems and making people better off today, rather than hyping up complicated blockchain tech bitcoin 2.0 “solutions”  – Lee Banfield

 

Abra: Uber for Remittance 

The goal of Abra is to attack the $550bn global remittance market by reducing its associated fees. For ease of use, the app uses bitcoin in the back end to facilitate peer-to-peer transactions, but denominates all transactions in US dollars.

The app uses a trusted network of “tellers”, or users on the network, to facilitate transactions. Users can deposit cash into the app through a teller or by using their debit card, and then send that money anywhere using Abra.

Tellers are then subject to a ratings system in order to ensure trust on the network.

“The teller charges a fee. We take 50 basis points on either side, if the teller doesn’t charge a fee, we don’t charge a fee,” Barhydt continued. “The app actually collects the fee and pushes to Abra. It actually tells the consumers what they’re paying, they don’t have to understand how to calculate anything.” – Pete Rizzo

 

 

MINING

Mining Difficulty at All Time High

With the fourth adjustment for 2015 occurring, the Bitcoin mining difficulty has grown to a new ATH of 46,684,376,317.

This is an increase of 5.01% over February 9th’s previous ATH of 44,455,415,962. The global hash rate as of the change stands at 334,179,783 GH/s – Cazalla

 

 

ALTCOINS

Distractions

Ripple, Stellar, and Altcoins are all a distraction. Bitcoin is way too far ahead. We should be focused on bitcoin and sidechains – Brian Armstrong, Coinbase

 

Ethereum

Vitalik Buterin: Reminder: the Ethereum team has >30 people, many of whom have way more software dev exp than I do. Project is much bigger than just myself.

Cazalla: Is this your way of saying don’t blame me once investors figure out they blew 30k bitcoin?

 

Blockchains

Vitalik Buterin: Blockchains are a friggin database technology; 5 years down I doubt any users will care what the underlying network token is.

Jon Matonis: Disagree. Resiliency of the database network is the main purpose of the underlying token, which makes it about survival. If you think that the underlying network token doesn’t matter for the block chain, you’re doing it wrong.

Michael Goldstein: Not all ledgers are equal. Network size + liquidity suggest Bitcoin maximalism. Setting a reminder for Feb 23, 2020.

 

Gold

Barry Silbert: The industry at biggest risk of being disrupted by bitcoin? Gold industry. Trillions of value and billions of revenue at risk. Discuss

CoinFlipper: Sorry Barry. Way to much history going back to 700 BC when the first gold coins appeared. Bitcoin wont disrupt gold!

Gabriel D Vine: Way too much history going back to 5000 BC when the first horse-drawn chariots appeared. Cars won’t disrupt carts!

Noah: Funny how people are so naive when it comes to certain things. “gold is too old it can’t be replaced!”

 

 

PROJECTS / PRODUCTS

Pebble

I just backed Pebble Time – Awesome Smartwatch, No Compromises on Kickstarter – Andreas Antonopoulos

—————————————————

Since it broke through the $13.3m barrier, the Pebble Time has officially become the most well-funded project in Kickstarter’s history. The original Pebble smartwatch, having amassed $10.3m in donations, held the Kickstarter funding record for a long time.

The team behind the smartwatch were originally looking for just $500,000 but we’re now way beyond that. You can still get your hands on a Pebble Time by pledging $179 – David Nield

 

 

PRIVACY

Your Cellphone is a Tracking Device That Relays Your Conversations in Plain Text

GSM networks have used ‘toy crypto’ – that is, cryptography readily hacked by sub-state-level actors, as opposed to ‘full fat crypto,’ as employed by PGP and Bitcoin – from day one, and very much by design.

And GTFO if you think that TextSecure, Silent Text, Signal, RedPhone, Silent Phone, or Black Phone are anything other than delusions of digital security, if not outright honey-pots – Pete Dushenski

 

 

PLACES

Thailand

Asia-Pacific: Fastest Growth In Airport Passenger Traffic Year-on-Year:

1) Don Mueang Bangkok – Up 30.8%

2) Chiang Mai – Up 21.4%

3) Abu Dhabi – Up 20.2%

Lee Banfield

 

 

THE SINGULARITY

I used to say that this is the most important graph in all the technology business. I’m now of the opinion that this is the most important graph ever graphed. – Steve Jurvetson, DFJ Venture Capital

 

When Exponential Progress Becomes Reality

Human perception is linear, technological progress is exponential. Our brains are hardwired to have linear expectations because that has always been the case. Technology today progresses so fast that the past no longer looks like the present, and the present is nowhere near the future ahead. Then seemingly out of nowhere, we find ourselves in a reality quite different than what we would expect.

We are still prone to underestimate the progress that is coming because it’s difficult to internalize this reality that we’re living in a world of exponential technological change. It is a fairly recent development. And it’s important to get an understanding for the massive scale of advancements that the technologies of the future will enable. Particularly now, as we’ve reached what Kurzweil calls the “Second Half of the Chessboard.” – Niv Dror

 

Mind Controlled Drone Demonstrated

A taste of what’s possible when you merge robotics and neuroscience

A company has successfully flown a mind controlled drone.

In a rather stunning demonstration yesterday, Portuguese business Tekever fitted a special cap to a pilot to measure his brain activity, allowing him to steer a drone through a mission in the sky using his thoughts alone.

For yesterday’s test demonstration, in order to steer the drone, pilot Nuno Loureiro focused entirely on simple thoughts within set formats, which he learned during extensive training. This means the drone received clear signals, from his brain waves, that it could process quickly.

The system works by a pilot wearing a special cap that can measure his or her brain waves, and it is programmed with highly complex algorithms to counteract any confused or unhelpful thoughts from the pilot that could cause a crash. Tekever is conducting the project with technology research center the Champalimaud Foundation and software business Eagle Science, in collaboration with the Technical University of Munich, Germany.

The technology can also be used in advanced prosthetic limbs, allowing people with severe disabilities to move with their thoughts – Nick Lavars

 

Nanobots Successfully Deliver Their Cargo Inside A Living Animal For The First Time

By the 2020s, most diseases will go away as nanobots become smarter than current medical technology. Normal human eating can be replaced by nanosystems. The Turing test begins to be passable. Self-driving cars begin to take over the roads, and people won’t be allowed to drive on highways – Ray Kurzweil

Embedded image permalink

Advancements in nanotechnology are finally starting to pay off as proved by a recent experiment which involved feeding nanobots to a living mouse.

The 20 micrometer-long nanobots were fed to the animal and immediately began to react once they made contact with the acid found in its stomach. More specifically, the zinc coating reacted to the acid by producing hydrogen bubbles, which essentially propelled the tiny devices towards the stomach’s lining where they were supposed to arrive. Once there, the nanobots dissolved and the particles found within were released into the stomach tissue. In other words, mission successful.

The goal of this experiment was to see if these rudimentary nanobots can deliver their cargo inside a living animal without any sort of side effects. Fortunately, everything worked like a charm and the mouse wasn’t even aware that it was part of an experiment which could lead to further major breakthroughs in the field of nanorobotics. The research was conducted by scientists from the University of California and published in the journal ACS Nano – Jason Moth

 

My Writing Profile Picture

Follow me on Twitter @leebanfield1

Bitcoin: 1Jwh6nZiASJf4d3hNytjxqiimWBmEJvJ4S

Bitmessage: BM-2cXjeAykLT7gbjzNHZFnCxdawvyryyb4Nf

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: