Related Posts Plugin for WordPress, Blogger...

Tuesday, 31 May 2016

FreeBitcoinNow.com

freebitcoinnow.com Mobile Usability, freebitcoinnow.com Mobile Speed. 64 / 100, 74 / 100. freebitcoinnow.com User Experience 64 / 100. Use legible ...

from Google Alert - free bitcoins http://ift.tt/1r27y6C
via IFTTT

next topic

I don't think that gambling is free, you need bitcoins to gamble and to have bitcoin you need to invest your money in buying it, you can treat rest as free ...

from Google Alert - free bitcoins http://ift.tt/1WvDDBD
via IFTTT

R3 Meets Obama Advisors at DC Blockchain Event

http://ift.tt/eA8V8J

A group of technology advisors to US President Barack Obama heard from representatives from the bitcoin and blockchain industry earlier this month.

via CoinDesk http://ift.tt/1O2JcEX

Free-bitcoins

Responses to the site Free-bitcoins. Free-bitcoins. faucetbox · 15 min. +2. 100 - 100. rapid auto · recaptcha · 0. Additional info. Additional info:.

from Google Alert - free bitcoins http://ift.tt/1XcJ6Ot
via IFTTT

SAFE Crossroads Podcast #33, David Irvine Speaks

http://ift.tt/eA8V8J

In this Episode

David Irvine, Founder and lead developer of MaidSafe has faced a huge workload over the last couple of years, moving the SAFE Network towards launch. So much so that he hasn't recorded an in-depth interview in over two years. That changed today.

In this episode he finally speaks--quite a lot, actually. Our two hour interview covers much of what has been going forward with the SAFE Network, the technical barriers, some of the huge breakthroughs, the community, and a lot more.

Most of the second half of the interview deals with matters relating to a blog post being published at about the same time as this podcast (linked below), making full community disclosure about planned actions to reinforce capital availability to accelerate development and community outreach, a likely source of lively discussion on the SAFE Network Forum.

Aside from all the wonderful data, perspectives and strategy disclosures, the interview is a great dose of David Irvine in person.

Magic Word

Listen for the magic word, and submit it to your LetsTalkBitcoin.com account to claim a share of this week's listener award distribution of LTBcoin. Listeners now have a full week from the release date to submit a magic word. The magic word for this episode must be submitted by 12 noon Pacific Time on June 7, 2016.

Music

Music for this episode: Arrival, and "Magic Words" are original pieces composed and performed by Nicholas Koteskey of Two Faced Heroes

Links

MaidSafe Blog post re MaidSafeCoins usage

SAFE Network Release Cycle

Stable Droplet Network

Forum post with links about Datachains



via The Let's Talk Bitcoin Network http://ift.tt/1P1G0nO

Intel to Develop Blockchain Projects at New Innovation Lab in Israel

http://ift.tt/eA8V8J

Tech giant Intel has opened a development lab in Tel Aviv focused on financial technologies like the blockchain.

via CoinDesk http://ift.tt/1UbcjlS

coins2day.com

Crypto Coin News - Free Bitcoins Faucets and alt currencies ... Bitcoins are n…ans of trading and 19 others render only 7 pixels tall (17 CSS pixels) ...

from Google Alert - free bitcoins http://ift.tt/1Ub9fpV
via IFTTT

Bitcoin Faucet Every 5 Minutes

Bitcoin Faucet Every 5 Minutes bitcoin wikipedia the free encyclopedia get free bitcoins every hour sitesearn 200 in free btcweekly ...

from Google Alert - free bitcoins http://ift.tt/25yN34l
via IFTTT

Microsoft Inks Deal to Develop Identity Platform for Multiple Blockchains

http://ift.tt/eA8V8J

Microsoft has partnered with two startups to build an identity platform aimed to integrating with both the bitcoin and Ethereum blockchains.

via CoinDesk http://ift.tt/25xlm8F

Japan’s Trade Ministry: Government Should Promote Blockchain Use Cases

http://ift.tt/eA8V8J

Japan’s Ministry of Economy, Trade and Industry (METI) has released the results of a survey on blockchain technology.

via CoinDesk http://ift.tt/1sIKQld

List of free bitcoins mining sites!

To see a list of free bitcoins mining sites, visit my blog. http://ift.tt/280KS8u

from Google Alert - free bitcoins http://ift.tt/1TUqJti
via IFTTT

Bitcoin Faucet Every Minute

Get free bitcoins easy easy bitcoin faucet for free bitcoins Get Free Bitcoins Easy Easy Bitcoin Faucet For Free Bitcoins > get free bitcoins every 5 ...

from Google Alert - free bitcoins http://ift.tt/1TUpTwN
via IFTTT

Bitcoin Price Soars as Chinese Investors Look for Safe Haven From Devaluation and Capital Controls

http://ift.tt/1XbCKyS

Many have speculated that the recent increase in the price of bitcoin ($542 USD on Bitfinex at time of publication) can be traced to China, where Bitcoin trading has doubled on some exchanges in the last four days as Chinese investors respond to a recent currency devaluation, and look for ways to avoid the government’s stringent capital controls.

China’s economy has been flatlining for some time now. That and the strengthening U.S. dollar prompted the People's Bank of China to devalue the yuan by 0.45 percent last Friday to its lowest level since February 2011.

New Interest in Bitcoin

Huobi and OKCoin, the two largest Chinese exchanges, that now account for some 92 percent of Bitcoin global trading by (self-reported) volume, both reported almost double the usual trading volume over the past weekend.

OKCoin’s Jack Liu, Chief Strategy Officer, confirmed the surge in trading volume and told Bitcoin Magazine:

"After two long years, Bitcoin’s price crossed back across the USD $500 mark led by OKCoin's CNY exchange - the largest digital asset trading platform in the world. The price first reached $500 on May 28, and was followed later on by OKCoin's USD exchange and other global platforms such as Coinbase”.

 Huobi’s CEO Leon Li said that trading volume on their exchange has doubled in the last few days as investors look for a safe haven:

“We do think that China's economic situation has certain influence to the price. Totally, RMB has been on the trend of depreciation for a long time, and the domestic stock market has been weak since last September. More and more Chinese investors and their hot money need a new investment market, and a convenient alternative investment like Bitcoin is easy to be accepted by the traders.”

Bobby Lee, CEO of BTCC exchange told Bitcoin Magazine:

"BTCC has seen very high trading volumes this past weekend. In fact, on our Pro Exchange, we saw record volumes on Friday, the highest ever since our launch last October. This recent rally was indeed led by the China market, which gives credit to the theory that people were predicting today's yuan devaluation."

Jack Liu believes that China’s economic situation is in for a long period of flat or stagnant growth.

 “We believe with the Chinese economy is entering into a “L-shaped” recovery rather than a "U-shaped" one; the dearth of mainstream, prudent investment choices has made Bitcoin a relatively attractive choice.”

However Huobi’s Leon Li told us that he sees more than just these short-term economic factors in explaining the growing popularity of Bitcoin:

“The policy environment has been more and more tolerant worldwide, and blockchain technology has been acknowledged by academic and traditional financial institutions. Even People's Bank of China (China's central bank) is discussing blockchain. In the long term, when the price returns to rationality, it would vibrate by those fundamentals.” 

Bitcoin Halving in July Seen as a Possible Cause of Price Increase

Both Jack Liu and Leon Li see the upcoming halving as a significant factor in the increase in the price of Bitcoin.  Liu told us:

“This is especially in light of the fact that the Bitcoin supply will be halved in just over a month, adding to deflationary supply pressures and increasing the digital asset's investment value in the short, and long term.”

Bitcoin Continuing a Steady Increase in Price and Market Capitalization

As noted in this recent Bitcoin Magazine article about the price of Bitcoin, the digital currency is showing a steady and almost methodical ascent, with moderate increases in both price and market capitalization.

It appears that China’s bad fortune is good for Bitcoin, although Jack Liu notes that economic uncertainty is not just limited to China. He told us:

“It was not a surprise to see the upturn. After all, the whole world is facing slower growth and low to negative interest rates, not just China. "

The post Bitcoin Price Soars as Chinese Investors Look for Safe Haven From Devaluation and Capital Controls appeared first on Bitcoin Magazine.



via Bitcoin Magazine http://ift.tt/1RIUUPN

Will Ethereum Beat Bitcoin to Mainstream Microtransactions?

http://ift.tt/eA8V8J

Micropayments have long been one of the most anticipated use cases for bitcoin, but similar tech may be coming soon to Ethereum.

via CoinDesk http://ift.tt/1XLRwuu

Earn free bitcoins (Cybercurrency)!

Bitcoins are cybercurrencies that can be used to buy or sell things, and can be exchanged into real money. It is possible to earn bitcoins for free.

from Google Alert - free bitcoins http://ift.tt/1Pfe2ut
via IFTTT

EARN FREE BITCOINS WITH SOME BEST FREE BITCOIN SITES

how to get bitcoins,how to earn bitcoins, free bitcoin, ptc, pay to surf. bitcoin faucet, earn free bitcoins, earn bitcoins by watching videos, bit coins, free ...

from Google Alert - free bitcoins http://ift.tt/1sIsUHk
via IFTTT

Bitcoin Dice Free Faucet

Bitcoin Dice Free Faucet Primedice Bitcoin Gambling Claimbtc Free Bitcoin Faucet With Bonuses Get Free Bitcoins. 2wrvwoogk4 bitcoin dice game ...

from Google Alert - free bitcoins http://ift.tt/1PfdZib
via IFTTT

Get free bitcoins every 20 minutes!

Get free bitcoins every 20 minutes! Discussion in 'Faucet & Give Away' started by MQ1823, 9 minutes ago . Facebook · Twitter · LinkedIn · Google+ ...

from Google Alert - free bitcoins http://ift.tt/1sItepz
via IFTTT

Bitcoin Faucet Lottery

Get your first free bitcoins crypto junction Get Your First Free Bitcoins Crypto Junction givebtc bitcoin faucet Bitcoin Faucet Lottery get 400 satoshi for ...

from Google Alert - free bitcoins http://ift.tt/1Pfec55
via IFTTT

Forex bitcoin free

Bitcoin Owl - Free Bitcoin Faucet Get Free Bitcoins Satoshi Earn Free Bitcoin for Visiting Websites. We are classic example of free Bitcoin faucet site ...

from Google Alert - free bitcoins http://ift.tt/1sIsZLc
via IFTTT

Smart Dubai Director Sees Blockchain as Key to Connected Cities

http://ift.tt/eA8V8J

The head of the Dubai government's Smart Dubai initiative spoke on how she believes blockchain can help drive the city’s modernization efforts today.

via CoinDesk http://ift.tt/1XLAa0M

List of free bitcoins mining sites!

Check up a list of free bitcoins mining sites at my blog. http:

from Google Alert - free bitcoins http://ift.tt/1sp4wur
via IFTTT

List of sites that give free bitcoins!

Want to earn bitcoins through minning? I had a list of websites that provides free mining. Want to earn bitcoins through autosurf? I had a list of websites ...

from Google Alert - free bitcoins http://ift.tt/1UqBpQv
via IFTTT

Monday, 30 May 2016

Link Download Video How to Earn Free Bitcoin in pocketdice (0 views)

Get Link Download online free from YouTuBe Very Fast Format MP4, MP3, 4K, FLV, 3GPP, Webm, Audio ... ... How to Earn Free Bitcoins in pocketdice.

from Google Alert - free bitcoins https://www.google.com/url?rct=j&sa=t&url=http://www.1styoutube.com/watch%3Fv%3DgmPZdYXU0kk&ct=ga&cd=CAIyGjY1YjM0YjhiYmY2YjkwZDU6Y29tOmVuOlVT&usg=AFQjCNH8qfQfIfvrztA7f2oJQ6wDa1JZjw
via IFTTT

Australia to sell bitcoins confiscated as proceeds of crime

In this April 7, 2014 file photo, Bitcoin logos are displayed at the Inside Bitcoins conference and trade show in New York. About $13 million in bitcoins ...

from Google Alert - free bitcoins http://ift.tt/1sY3Nku
via IFTTT

Mining Books Donwload Free

Do you wonder where you can get some free bitcoins? Here is a list of 5 good ways to get free bitcoins that you can use to start your Bitcoin Endeavor.

from Google Alert - free bitcoins http://ift.tt/1TTXRCS
via IFTTT

EB133 - Pascal and Julien Hamonic: Applying the Mechanisms of Thermoregulation to Cryptocurrencies

http://ift.tt/eA8V8J

One of the problems often cited when talking about cryptocurrencies is their level of volatility compared to traditional fiat currencies. This makes most cryptocurrencies a poor instrument for storing value, and introduces complexities when making purchases in fiat amounts. Stable cryptocurrencies include mechanisms which allow them to stay pegged to fiat currencies like the US Dollar or Euro. They present a number of advantages, and, in addition to taking the headache out of making purchases, can be used by cryptocurrency traders who need a stable unit of account for hedging their assets.

We talk to brothers Pascal and Julien Hamonic, Core Members of the Nu team about the NuBit stable cryptocurrency. Similarly to the mechanisms that keep our body temperature stable, NuBits relies upon the introduction of new coins into circulation when demand increases, and for coins to be taken out of circulation when demand drops. Shareholders (NuShareholder) vote on these measures as the network relies on custodians who bring liquidity into the market in exchange for dividends, and on speculators who ""park"" coins in exchange for potential returns when demand increases again.

Topics we discuss in this episode:

  • What is NuBits and what is the goal it is trying to achieve
  • The different components of Nu (NuBits, NuShares)
  • The economic mechanisms behind the $1.00 USD peg
  • Who are the different participants in the network (NuBits users, NuShareholders, custodians)
  • The important role of custodians in providing liquidity to the network
  • The consensus model used in Nu
  • The initial allocation of NuBits and NuShares
  • The governance mechanisms in Nu

Links mentioned in this episode:

Sponsors:

  • Hide.me: Protect your privacy and personal data with a free VPN account at Hide.me/epicenter.

Show notes

YouTube

SoundCloud

Epicenter Bitcoin is hosted by Brian Fabian Crain, S?Æ’bastien Couture & Meher Roy.



via The Let's Talk Bitcoin Network http://ift.tt/1UezLhU

Australia to Sell Bitcoins Confiscated as Proceeds of Crime


By THE ASSOCIATED PRESS via NYT World http://ift.tt/1OZiuIf

Free Bitcoins

You can not watch the Post Because You are a Visitor If you have already an account at BiT's HACK Do log in as Member To complete &

from Google Alert - free bitcoins http://ift.tt/25vaQPd
via IFTTT

Bitcoin Faucet Free

Bitcoin Faucet Free bitcoin wikipedia the free encyclopedia land of bitcoin get free bitcoins instantly from the faucet and earn more by doing small ...

from Google Alert - free bitcoins http://ift.tt/1O0jwc8
via IFTTT

FREE BITCOINS

Points2shop - Earn Points to get Free Rewards with your Amazon Points! ... Over days it will automatically mine bitcoins for you. I have earned over ...

from Google Alert - free bitcoins http://ift.tt/1TTmL5J
via IFTTT

Bitcoin Price Nears $550


via Gmail

Get free bitcoins every 20 minutes!

Get free bitcoins every 20 minutes! - posted in Promotions / Off-Site Giveaways / Faucets: Lets Try Biobtc.net How many free bitcoins can I make here?

from Google Alert - free bitcoins http://ift.tt/1snG4d2
via IFTTT

CCT-G

Get free bitcoins every 20 minutes! Lets Try Biobtc.net How many free bitcoins can I make here? We're giving amounts of money ranging from 500 to ...

from Google Alert - free bitcoins http://ift.tt/1UphQbc
via IFTTT

Best Bitcoin Fauceteu

Home get free bitcoins your sponsor more bitcoins contact us Home Get Free Bitcoins Your ... Best Bitcoin Fauceteu Get Bitcoins Every Hour For Free.

from Google Alert - free bitcoins http://ift.tt/1snGlg7
via IFTTT

Mining Bitcoins Free

Mining Bitcoins Free bitcoin miner and mining information bitcoinminer what is bitcoin its a decentralized digital currency; why use bitcoin its fast ...

from Google Alert - free bitcoins http://ift.tt/1PcM5n4
via IFTTT

counterparty assets information & faucet.

... Counterparty asset giveaways everyday. Find out about the most promising Bitcoin 2.0 projects and get some free Bitcrystals, Gemz and Storjcoins.

from Google Alert - free bitcoins http://ift.tt/1PclDtL
via IFTTT

Stay updated on Bitcoin: Subscribe to our new push-notification system


via Gmail

Dubai's Global Blockchain Council Unveils First Pilot Projects

http://ift.tt/eA8V8J

Members of Dubai’s Global Blockchain Council (GBC) unveiled seven new proofs-of-concept at industry conference Keynote 2016 today.

via CoinDesk http://ift.tt/1qWQvmq

Privacy

Satoshi Claim offers you the great opporunity to earn a lot of bitcoins every 10 minutes, just by clicking a button!

from Google Alert - free bitcoins http://ift.tt/1WUmWjc
via IFTTT

223

Fun Crypto Games - cryptogames.io | Play games and earn bitcoins, FREE 0.1 mBTC.

from Google Alert - free bitcoins http://ift.tt/1TH68qh
via IFTTT

Ernst & Young to Sell $12 Million in Bitcoin at Auction

http://ift.tt/eA8V8J

Ernst & Young has announced it will auction $12.9m worth of bitcoin confiscated from a former Silk Road user.

via CoinDesk http://ift.tt/24g8ktQ

Sunday, 29 May 2016

What is bitcoin and serving

A faucet Bitcoin is a website that is giving away free bitcoins for its registered users. To claim all you have to do is register on the website, solving a ...

from Google Alert - free bitcoins http://ift.tt/1X7etd4
via IFTTT

Smexycoin - Free bitcoins every 5 minutes!

Smexycoin - Free bitcoins every 5 minutes! Every 5 minutes satoshi's to your faucetbox account! Balance: 98 satoshi. 100 (58%), 125 (20.2%), 150 ...

from Google Alert - free bitcoins http://ift.tt/1OWZpqd
via IFTTT

Miami money-laundering case may define whether Bitcoin is really money

The hearing unfolded in the case of Michell Espinoza, who is accused of illegally selling and laundering $1,500 worth of Bitcoins to undercover ...

from Google Alert - free bitcoins http://ift.tt/1X7ee1D
via IFTTT

Why I'm buying bitcoins

Currently, 25 bitcoins are created every ten minutes. On 11 July, this number will drop to 12.5. Then, four years after that, it will half again. Why is this ...

from Google Alert - free bitcoins http://ift.tt/1OWYYMt
via IFTTT

Free Bitcoins – Ultimate Faucet Rotator

Reddit ·. Tumblr. Ultimate Faucet Rotator which allows you to get free bitcoins constantly 24 hours a day 7 days a week. Be Sociable, Share! Tweet ...

from Google Alert - free bitcoins http://ift.tt/1XHjSpM
via IFTTT

Free Bitcoins

free bitcoins - BTC - Get every hour 300 satoshi!

from Google Alert - free bitcoins http://ift.tt/1qVdLRN
via IFTTT

00:03:48 How to get free bitcoins 2016

Link Download Video How to get free bitcoins 2016, 799 views, Uploaded: 2 month ago From Papa Hacker Channel. Get Link Download online free ...

from Google Alert - free bitcoins https://www.google.com/url?rct=j&sa=t&url=http://www.1styoutube.com/watch%3Fv%3D_fQiCicgbqM&ct=ga&cd=CAIyGjY1YjM0YjhiYmY2YjkwZDU6Y29tOmVuOlVT&usg=AFQjCNEJBQnQKRGdyuzpbywbeEV6YdQ00Q
via IFTTT

Why ABN Amro Wants to Separate Bitcoin from the Blockchain

http://ift.tt/eA8V8J

ABN Amro managing director Karin Kersten discusses her firm's blockchain strategy and use cases.

via CoinDesk http://ift.tt/1Z6WpNB

London Workshop Explores Benefits and Challenges of Blockchain for Identity

http://ift.tt/eA8V8J

The Identity & KYC conference in London hosted a workshop on using blockchain technology to improve know-your-customer processes earlier this week.

via CoinDesk http://ift.tt/1TOEVEh

Download Make Free Bitcoins For Lifetime Bitcoin Bot Silent Miner mp3 file

Free download mp3 file music by clicking "download" button. If you want to listening it online/streaming, click "listen" button. Please select your ...

from Google Alert - free bitcoins http://ift.tt/25u56J2
via IFTTT

Cryptal Faucetbox

Get free Bitcoins. Claim every day. Satoshis, Odds. 1000, (5 %). 500, (20 %). 100, (75 %). Faucet funds 1166360 satoshi. Your URL for 10 % referral ...

from Google Alert - free bitcoins http://ift.tt/1qUnUy3
via IFTTT

Bitcoin Prices Break $500 Barrier to Hit 20-Month High

http://ift.tt/eA8V8J

Bitcoin prices hit a more than 20-month high this weekend as the digital currency broke the $500 barrier to reap big gains.

via CoinDesk http://ift.tt/1Um3hVN

Free Bitcoins

Do you wonder where you can get some free bitcoins? Here is a list of good ways to get free bitcoins that you can use to start your Bitcoin journey.

from Google Alert - free bitcoins http://ift.tt/1TNSWlH
via IFTTT

Saturday, 28 May 2016

NEW * NEW* NEW

Quote from: ChasingCarsEU on Today at 04:32:45 AM. How are these free bitcoins ? Don't you have to invest in order to get return ? Yes!

from Google Alert - free bitcoins http://ift.tt/1sj7Y9Q
via IFTTT

WAW

ClaimBTC.com: Free bitcoin faucet with bonuses. Get free bitcoins now! (claimbtc.com). submitted 6 minutes ago by abbes63 · 1 comment; share.

from Google Alert - free bitcoins http://ift.tt/1U4nfBZ
via IFTTT

Winner

ClaimBTC.com: Free bitcoin faucet with bonuses. Get free bitcoins now! (claimbtc.com). submitted 35 minutes ago by abbes63 · 1 comment; share.

from Google Alert - free bitcoins http://ift.tt/1NVrJyi
via IFTTT

Do you want to earn free bitcoins?

Do you want to earn some freebitcoins? Well today is your lucky day! Contact me for more infomation! You will be paid every day ...

from Google Alert - free bitcoins http://ift.tt/1NUXO9n
via IFTTT

A Framework for Identity

http://ift.tt/eA8V8J

IDEO coLAB member Dan Elitzer explores a framework for digital identity using blockchain and other technologies.

via CoinDesk http://ift.tt/1WstFRD

73

Free play winnings: 0.0082. The numbers all seem to add up fine from my end. Disregarding the fact that there were 107 accounts from the same IP ...

from Google Alert - free bitcoins http://ift.tt/1XEH73C
via IFTTT

freebitcoin

FREE BITCOINS EVERY HOUR. Try your luck every hour playing our simple game and you could win up to $200 in free bitcoins!

from Google Alert - free bitcoins http://ift.tt/1U39DXG
via IFTTT

A Right to Exist: Using Cutting-Edge Technology to Create Better ID Systems

http://ift.tt/eA8V8J

Steven Malby of the Commonwealth Secretariat explores the challenges in bringing legal identity to the more than 1 billion people lacking recognition.

via CoinDesk http://ift.tt/25oQ4Rw

FreeFaucetBitco.in

FreeFaucetBitco.in :: Earn Free Bitcoins Faucet. Freefaucetbitco.in Test Results. Freefaucetbitco.in Mobile Usability: 90/100. Quick overview: The page ...

from Google Alert - free bitcoins http://ift.tt/1UjN5EL
via IFTTT

BestFaucetBitco.in

Bestfaucetbitco.in Site Title. BestFaucetBitco.in :: Earn Free Bitcoins Faucet. Bestfaucetbitco.in Test Results. Bestfaucetbitco.in Mobile Usability: 90/100.

from Google Alert - free bitcoins http://ift.tt/1XE7mHt
via IFTTT

Friday, 27 May 2016

New Economic Possibilities

Claim free btc here or Trade your currency for new digital currency here ... Honestly? The best Free way to start and get #free #Bitcoins #freebitcoins ...

from Google Alert - free bitcoins http://ift.tt/1P5o5lJ
via IFTTT

Paper Points Up Flaws in Venture Fund Based on Virtual Money


By NATHANIEL POPPER via NYT Business Day http://ift.tt/1NT6vBc

Link Download Video How to earn bitcoin and paypal money easily with proof Arnav sinha ...

How To Earn Bitcoin Earn Bitcoins In 8 Different Ways Bitcoinget: Earn Free Bitcoins 5 Ways To Get Free Bitcoins - Ccn How To Earn Bitcoins Fast And ...

from Google Alert - free bitcoins https://www.google.com/url?rct=j&sa=t&url=http://www.1styoutube.com/watch%3Fv%3DZLQVA5_o1MM&ct=ga&cd=CAIyGjY1YjM0YjhiYmY2YjkwZDU6Y29tOmVuOlVT&usg=AFQjCNHOhXZ-sFp9HD8505hg8kwVtOzwdw
via IFTTT

Link Download Video Free Bitcoin Earning Site(100% genuine way to erning BTC)

best way to earn bitcoins best way to get bitcoin best way to get bitcoins best way to get bitcoins for free best way to get free bitcoins best way to ...

from Google Alert - free bitcoins https://www.google.com/url?rct=j&sa=t&url=http://www.1styoutube.com/watch%3Fv%3DrcRYBP5Mjxs&ct=ga&cd=CAIyGjY1YjM0YjhiYmY2YjkwZDU6Y29tOmVuOlVT&usg=AFQjCNHrHJyvL_KWByUkbVNmXn-Kc192Sg
via IFTTT

Was Ether's Loss Bitcoin's Gain? Traders Wonder After Wild Week

http://ift.tt/eA8V8J

The price of bitcoin appreciated nearly 4% for the week ending 27th May, but the figure is perhaps not indicative of the wild trading action the market saw during the period. Such movements came as market observers are becoming more interested in the relationship between bitcoin, the token supporting the world's longest-running blockchain, and ether, the token for the […]

via CoinDesk http://ift.tt/1WqTGkf

Kraken to Add DAO Trading as Critics Call for ‘Moratorium’

http://ift.tt/eA8V8J

Amid a vibrant public debate, digital currency exchange operator Kraken has announced it will begin trading The DAO tokens.

via CoinDesk http://ift.tt/1TFyxNm

Bitcoin Mining Firm KnCMiner Declares Bankruptcy

http://ift.tt/eA8V8J

The parent company of Swedish bitcoin mine operator KnCMiner has declared bankruptcy.

via CoinDesk http://ift.tt/22rgDU5

Blockchain Technology Will Profoundly Change the Derivatives Industry

http://ift.tt/1THMvUd

Editor's note: This is a guest post by Matt O’Brien.

As the hype and pessimism around blockchain technology converge toward reality over the next several years, one certainty emerging among Wall Street and Main Street traders is that advancements in platform technology will profoundly change how commonly used securities known as derivative contracts will be traded. The distributed ledgers inconceivable just a couple of years ago are on the precipice of ushering in a new era of innovative financial engineering and precision in risk management.

Wall Street firms are beginning to tinker with blockchain and smart contract technology that will allow buyers, sellers and central clearing houses of derivative trades to share information, such as KYC (Know Your Customer), in real time across various distributed ledger platforms unleashing incredible efficiencies.

Last month it was reported that Barclays tested a blockchain platform called Corda, developed by the bank consortium R3. Electronic documents that served as derivative contracts were pre-populated with standardized values, which, one day, will allow the contracts to be hashed out between counterparties, traded on an exchange across multiple banks and then cleared and settled instantaneously.  

Derivative contracts are financial instruments that derive their value from some underlying asset, such as stocks, bonds, commodities or even interest rates. Derivative contracts have become increasingly fundamental in effectively managing financial risk and creating synthetic exposures to asset classes. For example, airlines use future contracts, a form of derivative, to hedge against fluctuating oil prices. Hedge funds use options, another form of derivatives, to speculate in questionable company stock without baring the cost of purchasing a large number of shares. Derivative contracts typically have shelf lives of 30-day increments.

Industry leaders expect distributed ledger infrastructure to foster new approaches to financial engineering, enabling financiers to customize derivatives consisting of individual cash flows to meet precise needs in terms of timing and credit risk. According to a report produced by Oliver Wyman, a management consulting firm, blockchain-enabled derivative contracts could be financed by issuers selling their own instruments that match the cash flows they expect to achieve, “in essence creating swaps without the need for balance sheet intermediation.” Traditional swap agreements are traded over the counter.

Smart derivative contracts will spell out each party’s obligation such as margin agreements and swap conditions. Traditionally, financial exchanges have required clearing houses to provide a guarantee to the winning party of the derivative contract in case the loser does not pay. The clearing house is able to provide this guarantee by requiring both parties to make cash deposits during the pre-trade phase.

While one of the original goals of blockchain technology is to remove the need for central governing bodies, industry analysts reason traders will continue to novate derivative trades via a Counterparty Clearing House (CCP) in order for dealers to net their exposures and monitor the financial well-being of counterparties (ensuring problems like double-spending are eliminated). Blockchain vendors, such as kompany.com, can supply banks with customer and company information for due diligence. On May 12, at an industry conference, kompany.com announced its development of electronic ledgers with original and authoritative company information and that it is moving information on 100 million firms onto a blockchain for KYC and Know Your Bank documentation.

In the age of blockchain, dealers will post collateral to the clearing house in the form of initial and variation margin by escrowing cash on a distributed cash ledger or by allocating assets held on other asset ledgers to a distributed collateral ledger. Smart derivative contracts that bind both seller and buyer will be stored on a distributed derivative ledger along with information from the cash and asset ledgers. This will lead to efficiencies for calculating derivative positions and obligations.

“The smart contract can automatically compute exposures by referencing agreed external data sources (e.g. S&P 500, NASDAQ) that recalculate variation margin. Interoperable derivative and collateral ledgers would automatically allow the contract to call additional collateral units on asset ledgers to support these needs. At maturity, a final net obligation is computed by the smart contract, and a payment instruction automatically generated in the cash ledger, closing out the deal,” theh authors of the report state. With regard to the settlement of funds, presently the interbank transfer system entails a three to five day process that includes the Automated Clearing House and Federal Reserve as clearing agent. This represents a significant opportunity cost that parties can recapture with a real-time system.

Proponents of blockchain technology see the improvement in funds settlement and counterparty risk assessment as shortening the liquidity cycle for various derivative positions, allowing financiers to inject liquidity into the system for other transactions much more quickly. “In order to maintain liquidity levels firms have to overcompensate where the money has to be tied up for some time before the next transaction,” said Derick Smith, Cofounder and CEO of Chainreactor. “Transaction time will improve and risk assessment will improve. Most other players will get to see who they are providing liquidity for.”

Industry executives figure cost savings can come from eliminating redundant IT systems and trading and risk management overhead. The finance industry currently spends roughly $150 billion annually on IT and operations expenditures in addition to $100 billion on post-trade and securities servicing fees.

Some media outlets have reported that many Wall Street firms have increased capital budget allocations to blockchain technology initiatives. JPMorgan plans to increase its overall technology spending to approximately $9.4 billion this year while allocating about 40 percent of that budget to new investments and technologies, up from 30 percent.

While private blockchain systems continue to develop they remain closed to the trading public. A public blockchain currently available on the web is Ether Opt, which is a decentralized options exchange built on Ethereum. The website claims that options traded on its platform are vanilla call and put options priced in an Ether/USD exchange rate. Cryptocurrency exchanges Poloniex and Coindesk provide pricing information. The open-source platform is produced by Etherboost, which is a producer of decentralized autonomous organizations governed by smart contracts on the Ethereum blockchain. According to Etherboost’s website developers also created Ethvertise, an ad market, SzaboDice, a dice game, and Pokereth, a poker game.

In early April, Etherboost programmers blogged that “the first Etheropt expiration was successful. The transaction. … represents the first decentralized options expiration in the history of mankind.”

Phone calls seeking comment for Bitcoin Magazine were not returned before publication.

Despite all the fervor around blockchain and smart contract technology, many challenges still exist. Some experts estimate the new systems will be fully implemented within a decade. The well documented challenge of scalability continues to hamper progress. “Looking at Bitcoin from an architectural perspective it can at this point handle only seven transactions per second,” said Mr. Smith. “The issue is verifiability of each transaction where people have to wait for the global network to verify it.”

CME Group literature states exchange-listed derivative contracts volume averaged 15.6 million per day in 2015. The CME is the largest exchange of derivative contracts in the world. Mr. Smith added that the public blockchain platform Ethereum with its programmable transaction functionality will, in time, overcome scalability issues.

Drafting contract, system, and regulatory compliance standards across multiple smart contracts and blockchains is also a challenge. Anthony Di lorio, CEO and Founder of Decentral and Kryptokit, said he foresees banks grouping into consortiums, such as R3, to standardize private blockchain and smart contract systems. “They are the ones facilitating participation from outside parties,” hence it is only reasonable that banks set the standards.

Officials with CME Group did not respond when reached for comment, however, they referred Bitcoin Magazine to a May 2 press release about the exchange’s latest initiative in collaboration with Crypto Facilities, a digital assets trading platform, for launching the Bitcoin Reference Rate and Real-Time Index.

Regarding digital currencies, the token unit of the Ethereum platform is ether, which is used to pay for computational services on the Ethereum network. Financial firms see the digital currency as a challenge because it is perceived as lacking stability. Fiat currency would prove problematic because blockchain technology treats it as another asset class on a distributed ledger. The authors of the Oliver Wyman report suggest banks create specific digital currencies for interbank use or use existing accounts at banks where participants deposit liquidity for trading in segregated accounts.

Photo Liz Bustamante / Flickr(CC)

The post Blockchain Technology Will Profoundly Change the Derivatives Industry appeared first on Bitcoin Magazine.



via Bitcoin Magazine http://ift.tt/1ORZlIh

Bitcoin Price Hits Six-Month High Amid 5% Surge

http://ift.tt/eA8V8J

Bitcoin prices surged more than 5% in the early hours of 27th May, to reach a more than six-month high.

via CoinDesk http://ift.tt/1XWmZL5

Why the Global Economy Needs Open Blockchain Assets to Fight Negative Interest Rates

http://ift.tt/1UavrQM

The world economy is in a fascinating period. It is an encouraging time for those hopeful about Bitcoin and other open blockchain-based systems, but many high-level decision-makers still must be persuaded of this technology's global impact.

The United States seems to be doing fine in the aftermath of 2008’s Great Recession. Despite technological change causing some workforce pain, the U.S. economy is doing well.

But other parts of the world are still feeling some nasty economic aftereffects. Some might say this is due to colorful central banking policies. One of these policies is negative interest rates imposed by various central banks around the world.

The idea of negative interest rate policy becoming normal is concerning, as this could set a dangerous precedent for the global economy. At the same time, it provides an opportunity for alternatives to thrive. Negative interest rates could actually influence enormous growth for cryptographically backed open blockchain assets.

Negative Interest Rate Problems

Sweden, Switzerland and Japan are among countries currently enforcing negative interest rate policies. Negative interest rates, which essentially charge savers a fee to put their money in a bank, are set to induce borrowing to stimulate a sagging economy. They are also a reason for central banks to print more cash, popularly known as quantitative easing.

Over time, negative interest rate policy results in bank holdings being worth less. Therefore, it is arguable that this is not really a solution, but a stopgap until something else comes along. Some have described this policy as medicine for a “weak patient.” This refers to the concept that negative interest rates can’t heal what has already been broken for too long.

http://ift.tt/1WSt5JW

Europe has become a popular place for negative interest rates.

Negative interest rate policy forces people to look for alternatives and creates a need for services that can reflect growth rather than contraction. Retail banking relies on everyone storing cash in bank accounts, but in a negative interest rate world, people are better off borrowing money than they are saving.

In the standard fractional reserve environment, banks rely on savings to lend. Yet holding cash, for most people, is actually more lucrative in a negative interest rate environment. Even when factoring in inflation, there is long-term value in holding cash rather than putting it in a bank imposing a negative interest rate. But physical cash can be tough to hold because of security and storage issues.

Many countries believe negative interest rates are a benefit to their economies. The common mindset is that these policies are staving off even more economic problems. Distributed blockchain-based assets are clearly an attractive option in this scenario.

Choices Over Traditional Assets

As an early stage technology, Bitcoin and open blockchain are in growth mode. This is especially true since it’s not clear what long-term impact negative interest rates will have on banking. People seeking financial alternatives should be aware that there are options over traditional assets.

Bitcoin is no longer the only viable open digital currency option, with platforms such as Ethereum also offering a promising choice. With impressive performance metrics and many developers working on Ethereum projects, that choice benefits everyone. The back-end of open blockchain tech is looking more promising than ever.

http://ift.tt/1Uavv2S

Ethereum, with 14-second block times, is an attractive alternative to BTC.

The price of Bitcoin has been performing well as a store of value. Ethereum’s price performance in 2016 has been remarkable, and the fiat-to-open-blockchain exchange infrastructure around the world continues to improve.

Because of these factors, there has never been a better time to invest in and use cryptographically backed open assets. Companies such as Circle, Abra and Lawnmower are making it easier to use borderless forms of money. These startups offer a solid premise: open banking, done entirely on a digital device.

Open digital assets could provide a salvo from economic problems like negative interest rates. They can be an alternative to less transparent cash-based systems. However, there is still work to be done. This growing ecosystem still requires understanding by influential leaders to achieve widespread success.

Championing Bitcoin and Blockchain

Given the growth of Bitcoin and blockchain, new application platforms will emerge from these technologies. Global economic conditions resulting in negative interest rates certainly provide some motivation for this. But there are still obstacles to overcome for open blockchain platforms to succeed.

In Steve Case’s new book, The Third Wave, the AOL cofounder discusses today’s era of technology. In the “third wave,” current technological entrepreneurs must work to champion Bitcoin and blockchain to global leaders. This is similar to the work Case had to do at AOL in the 1990s, where he fought hard to convince regulators that the Internet would become an enormous economic opportunity.

Today, entrepreneurs must educate about the importance of Bitcoin and open blockchain. This means promoting it as an engine of economic growth and financial inclusion.

The challenge today is convincing others that this open technology is needed in economic systems. That will take dedication to developing inventive applications to solve global economic problems.

Transparency, combined with tools such as programmable agreements, ranks among the most exciting characteristics of open blockchain assets. As such, these assets should be considered highly impactful to the future of the global economy. In the case of negative interest rate policies, it is obvious that new solutions to economic problems are necessary.

Bitcoin, Ethereum and other open blockchain systems now exist to help make that happen.

The post Why the Global Economy Needs Open Blockchain Assets to Fight Negative Interest Rates appeared first on Bitcoin Magazine.



via Bitcoin Magazine http://ift.tt/20KXATo

Bitcoin Price Surges to a Year-High Beyond $475


via Gmail

US Congress Reps Receive Blockchain Briefing at Capitol Hill Event

http://ift.tt/eA8V8J

More than 15 members of Congress met with representatives of the blockchain technology industry this week in Washington, DC.

via CoinDesk http://ift.tt/1THfS97

Four Fascinating Ways To Get Free Bitcoins

Who doesn't want to get free bitcoins? There are some easy ways to claim free bitcoins just by visiting some random websites & completing simple ...

from Google Alert - free bitcoins http://ift.tt/1qOvV7C
via IFTTT

n17yhq7 get free bitcoins automatically

n17yhq7 get free bitcoins automatically (2 previews). n17yhq7 get free bitcoins automatically, Posted in 26th, 05/2016 06:37 by jibsajabsa. Take a look ...

from Google Alert - free bitcoins http://ift.tt/1P3uY6R
via IFTTT

Link Download Video How to Earn Bitcoins Free Bitcoin Earning Trick 2016 Earn Money Online ...

Link Download Video How to Earn Bitcoins Free Bitcoin Earning Trick 2016, 1 views, Uploaded: 1 hours ago From Earn Money Online Channel.

from Google Alert - free bitcoins https://www.google.com/url?rct=j&sa=t&url=http://www.1styoutube.com/watch%3Fv%3Dcqxe56rdbjY&ct=ga&cd=CAIyGjY1YjM0YjhiYmY2YjkwZDU6Y29tOmVuOlVT&usg=AFQjCNHeXLc5U8SoIvoSV0Q727O1RD920Q
via IFTTT

Free Bitcoins

Free Bitcoins Free Phone Calls,Free Texting 2.6.6.apk,Bike Race Free-Top Free Game 5.9.apk,Go Free 2.04.apk,Go Free 1.16.apk,oO Free 1.02.apk ...

from Google Alert - free bitcoins http://ift.tt/1WpixVv
via IFTTT

TopFaucet.info

TopFaucet.info :: Earn Free Bitcoins Faucet. Topfaucet.info Test Results. Topfaucet.info Mobile Usability: 90/100. Quick overview: The page content is ...

from Google Alert - free bitcoins http://ift.tt/1qOcIDd
via IFTTT

BTCFaucet.xyz

Btcfaucet.xyz Site Title. BTCFaucet.xyz :: Earn Free Bitcoins Faucet. Btcfaucet.xyz Test Results. Btcfaucet.xyz Mobile Usability: 89/100. Quick overview:.

from Google Alert - free bitcoins http://ift.tt/1Wpjddw
via IFTTT

[PeopleBTC] Gratis Bitcoin (BTC) Verdienen [100% Free Bitcoins]

[PeopleBTC] Gratis Bitcoin (BTC) Verdienen [100% Free Bitcoins]. May 26, 2016. SHARE. Facebook · Twitter. x. ▽○▽○▽○▽○▽○▽○▽ – [Info´s] ...

from Google Alert - free bitcoins http://ift.tt/1sesbxJ
via IFTTT

Thursday, 26 May 2016

One of the biggest bitcoin startups just took 'bitcoin' out of its Twitter bio


One of the biggest bitcoin startups just took 'bitcoin' out of its Twitter bio via Digg http://ift.tt/1qKcAVh

FEEDCAT.NET: What is new (7)


via Gmail

The Crypto Show with Christopher David and The A Team.

http://ift.tt/eA8V8J

26,313 members in 2 weeks on the Arcade City Austin Facebook group. It's been an amazing display in free market agorism for ride sharing.This is not a live radio episode but an impromptu podcast after a full house meetup for the first meeting in Austin of Arcade drivers complete with local press and city council members.

Sponsored by Bitcoin.com & CryptoCompare.com

Links:

http://ift.tt/1VqoIZI

http://FreeRoss.org

http://ift.tt/25lj78u

http://ift.tt/1RQIx6C

@TheCryptoShow & @The_Crypto_Show

Tips:

BTC 139R6K7fxTYaFf2aXTid84Le1ayqMVvSCq

Dash XqDeHnokQocBpvffsa2dWz8mX7oTKpoKzc

LTC LUTJtk4QqXLiDkK8pDKK3jM73VVwbp7oSr

Doge DQBJ7PSpFzUTwpBrny46Kug4BW8AGtq1YQ

LTBC 1CevFxMT6srBtTkWx2qrNaJmjtgxbo7pBA

ETH 0x10cfd6916832566e82b3ab38cc6741dfd7e6164f



via The Let's Talk Bitcoin Network http://ift.tt/1Z4FV8E

Dice.biz

Automated Bitcoin Depositing / Withdrawal • Real time chat. We will randomly be giving active players free bitcoins, so go ahead and give it a try!

from Google Alert - free bitcoins http://ift.tt/1RvbfHQ
via IFTTT

Lawyers Be DAMNed: Andreas Antonopoulos Takes Aim at Arbitration With DAO Proposal

http://ift.tt/eA8V8J

Andreas Antonopoulos takes aim at local governments with new plans for an Ethereum-based system that could be recognized across borders.

via CoinDesk http://ift.tt/1XAIAIc

00005 Bitcoin- Direct to your Wallet! READ! FREE BITCOIN INFORMATION INSIDE!

Earn Free Bitcoins Today! The following links are ones that have been compiled by myself that allow me to earn free Bitcoins. Everyday I go to ...

from Google Alert - free bitcoins http://ift.tt/1sdMoUn
via IFTTT

CFTC Grants Full Registration to Bitcoin Swaps Trading Platform

http://ift.tt/eA8V8J

The CFTChas granted registration to a trading platform that was an early entrant in the US market for financial derivatives tied to bitcoin.

via CoinDesk http://ift.tt/1P1BsmK

Claim Free Bitcoins!

Dark Faucet - top Bitcoin faucet, up to 5851 satoshi.

from Google Alert - free bitcoins http://ift.tt/1TM1c6R
via IFTTT

Cloud mining bitcoin free trial

Dear community users, We have just developed a Free Bitcoin Cloud Mining server this type of mining allows users to mine bitcoins or. Don t expect ...

from Google Alert - free bitcoins http://ift.tt/1qMAOOF
via IFTTT

claimbtc.com

Description, Earn free bitcoins, receive bonuses and get even more bitcoins completely FREE in our faucet! The more you claim, the more you get.

from Google Alert - free bitcoins http://ift.tt/1RulZpQ
via IFTTT

Nasdaq Opens Blockchain Services to Global Exchange Partners

http://ift.tt/eA8V8J

Nasdaq's new financial infrastructure hub could pave the way for other exchanges to start using blockchain technology in a wide range of services.

via CoinDesk http://ift.tt/1TCOyDL

IBM: Government and Blockchain Sector Should Work Together to Enhance National Security

http://ift.tt/25kqw7T

IBM Vice President for Blockchain Technologies Jerry Cuomo recently testified before the Commission on Enhancing National Cybersecurity on how the blockchain can benefit transactions, eWeek reports.

Cuomo is persuaded that the technology could potentially cause a tectonic shift in the way financial systems are secured and that government, technology companies and industries should work together to advance blockchain technology to enhance national security. 

The Commission on Enhancing National Cybersecurity, announced in April, is tasked with making detailed recommendations on actions that can be taken over the next decade to enhance cybersecurity awareness and protections throughout the private sector and at all levels of government, to protect privacy, to ensure public safety and economic and national security, and to empower Americans to take better control of their digital security. Sam Palmisano, former CEO of IBM, is the commission’s vice-chair.

President Barack Obama issued Executive Order 13718 to establish the commission in February. The executive order tasked the National Institute of Standards and Technology (NIST) to provide the commission with such expertise, services, funds, facilities, staff, equipment and other support services necessary to carry out its mission.

“The Commission will make detailed short-term and long-term recommendations to strengthen cybersecurity in both the public and private sectors, while protecting privacy, ensuring public safety and economic and national security, fostering discovery and development of new technical solutions, and bolstering partnerships between federal, state and local government and the private sector in the development, promotion and use of cybersecurity technologies, policies and best practices,” notes the official commission websiteat NIST.

The commission held an open meeting on May 16 in New York City. Cuomo’s statement, which appears in the Panelist Statements document issued by the commission, is republished in the IBM Think blog with the title “Blockchain: Securing the Financial Systems of the Future.”

Cuomo noted that 80 years ago a public-private partnership between the U.S. government and IBM created the Social Security system, which was the most advanced financial system of the time. “Today, as financial transactions become increasingly digital and networked, government and industry must once again combine forces to make the financial systems of the future more efficient, effective and secure than those of the past,” he said.

A similar partnership between government and industry, centered on innovative applications of distributed ledger technology, could enhance national security. Cuomo is persuaded that the government has a key role to play in funding blockchain research and providing official identity certification services for the emergent blockchain economy. In particular, according to the IBM executive, the NIST should define standards for interoperability, privacy and security, and government agencies should become early adopters of blockchain applications.

Cuomo identifies four key priority areas for government-supported developments in distributed ledger technology for national security: a new identity management system able to provide robust proof of identity; automatic systems able to track changes made to data and verify data provenance with time stamps and annotations; secure transaction processing; and a blockchain-based system to securely and confidentially share intelligence on cyber-threats and cyber-terrorism.

“We need to create a new social compact, where business, with input from government, architects the future of financial services,” concluded Cuomo. “We at IBM look forward to working with our partners in government, industry and academia to get this done.”

Of course, Cuomo defended IBM’s positions on current distributed ledger issues and development prospects. After bashing the “public enemy” Bitcoin for its openness, anarchy and potential for anonymity, Cuomo defended the “permissioned blockchain” approach favored by IBM and other major industry players.

“Blockchain came to prominence because it’s the core technology underlying the infamous Bitcoin cryptocurrency, but, while Bitcoin is an anonymous network, industries and government agencies are exploring the use of blockchain in networks where the participants are known,” said Cuomo. “We call this a ‘permissioned blockchain.’”

IBM is a premier member of Linux Foundation’s Hyperledger Project, a collaborative effort started in December to establish, build and sustain an open ‒ but “permissioned” ‒ non-Bitcoin blockchain. In February, Bitcoin Magazine reported that IBM is making tens of thousands of lines of code available to the Hyperledger Project. In April, IBM announced new cloud services based on the company’s Hyperledger code and Bluemix, IBM’s cloud Platform as a Service (PaaS).

“IBM is playing a central role in the development of a permissioned blockchain,” said Cuomo. “We’re a founding member of the Linux Foundation’s open-source Hyperledger Project, where we’re helping to build the foundational elements of business-ready blockchain architecture with a focus on privacy, confidentiality and auditability.  We have joined consortia that are developing industry-specific blockchain implementations. And we’re pioneering the use of blockchain in our own operations.”

The post IBM: Government and Blockchain Sector Should Work Together to Enhance National Security appeared first on Bitcoin Magazine.



via Bitcoin Magazine http://ift.tt/1TE59fI

BunkerChain Labs Takes on Fraud in Online Gaming Using the Blockchain

http://ift.tt/1sd9DxO

In a bid to provide the online gaming industry with a transparent and provably fair wagering platform, ex-military nuclear bunker and data center operation BunkerChain Labs has reactivated the “War Games” protocol built entirely on the blockchain.

For more than 50 years, the nuclear bunker where BunkerChain Labs operates was used by the Canadian Department of Defense to conduct frequent war games exercises to determine survivability scenarios for nuclear, chemical and biological warfare. It was during the Cold War that a lack of transparency led to a breakdown of trust between countries, and one of the objectives of these games was to find ways to ensure that too much power was never given to any one individual or group.

The new project by BunkerChain Labs, codenamed “Peerplays,” uses a high-speed program called Graphene to automatically connect players from around the world, enabling online gaming and wagering that is highly resistant to cheating.

Two years in the making, the project began with delegated proof-of-stake (DPoS), a decentralized autonomous cooperative organization (DAC or DAO) supporting protocol that was developed by Invictus Innovations, Inc., which later became Cryptonomex, for BitShares in the spring of 2014. A year later, a modified and improved version of the DPoS Graphene was released under the MIT free software license, with some of the Peerplays team taking part in its development.

“The Peerplays team began to design and implement a platform that combines Graphene with a set of smart contracts that enables users to wager and compete in provably fair games, which are hosted directly on the blockchain,” said Michael P. Maloney, Peerplays communications manager, in an interview with Bitcoin Magazine.

It was in the fall of 2015 that Neil Haran, the Peerplays project lead, approached BunkerChain Labs, to discuss the possibility of using blockchain technology to build a transparent and provably fair wagering platform that would eliminate the ability for unchecked “superpowers” to control and manipulate the games.

“Today, the online gaming industry is plagued with accusations of cheating by players and system administrators, but nothing can really be done about it as long as games lack transparency and continue to be hosted by private companies on private servers,” said Maloney.

In order to solve this issue, BunkerChain Labs, took the idea to the developers who helped create Graphene, and who began to design and implement a blockchain-based platform to solve the problem before going public on May 9.

Built on a custom blockchain, Peerplays is possible because of third-party services known as “gateways.”

“Gateways issue tokens backed by Bitcoin onto the Peerplays decentralized exchange, and players can then purchase or redeem these tokens like exchanging money for chips at a casino,” said Maloney. “Right now there are many reputable companies that operate gateways on existing decentralized exchanges like BitShares and NXT.”

Unlike the supercomputer called WOPR in the 1983 hit movie, “War Games,” which mistook a computer game for real-life and almost set off a global thermonuclear war, Peerplays is programmed to remain neutral. As Peerplays is a decentralized network, with no single gaming company gaining an advantage or monopoly over it, it seeks to be a major disruptor to the online gaming industry. However, it’s not limited to on-chain games.

“In fact anyone can plug their website into the blockchain API and Peerplays will manage tournaments and process wagers for third-party games,” said Maloney. “This will help tournament hosting companies to reduce their costs while minimizing the liabilities and risks involved with managing the infrastructure required to operate a centralized gaming and wagering platform.”

Unlike war in the real world, the peer-to-peer war games enabled by Peerplays will ensure that the winner can’t go back and rewrite the official record of what took place, as it is completely open-source and 100 percent transparent. Not only that, but Peerplays will be the first blockchain-based platform that allows users to schedule tournaments, wager funds and play games 100 percent on-chain.

“Anyone in the world with Internet access will be able to use Peerplays to wager and compete, while all their funds are held safely out of reach of any third party,” said Maloney. “Peerplays’ provably fair gaming could help reduce the estimated tens of millions of dollars that fair players lose to cheaters each year.”

The post BunkerChain Labs Takes on Fraud in Online Gaming Using the Blockchain appeared first on Bitcoin Magazine.



via Bitcoin Magazine http://ift.tt/27Uc2xO

Santander UK to Launch Ripple-Powered Payments App in 2016

http://ift.tt/eA8V8J

The UK arm of Spanish banking group Santander has developed a new payments app in partnership with distributed ledger startup Ripple.

via CoinDesk http://ift.tt/22qA0wO

Blockchain Entrepreneurs, Musicians Test Ideas at Berlin Music Festival

http://ift.tt/eA8V8J

A group of musicians, entrepreneurs and blockchain advocates is set to gather at a festival in Germany later this week.

via CoinDesk http://ift.tt/1TGUSwm