The crypto-future is female: bitcoin innovators push for inclusion

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At the worlds largest blockchain conference, female leaders in the industry sought to shake off bitcoins boyish image

Satoshi is female was one of the more pervasive slogans at Consensus 2018, the worlds largest blockchain conference that saw thousands of crypto-believers descend on midtown New York for a packed, three-day meet-and-greet last week.

Satoshi refers to Satoshi Nakamoto, the still mysterious creator of Bitcoin who has never been identified but who, nonetheless, is credited as the founding father of cryptocurrency, or a digital form of money, and blockchain, a public and uneditable system for recording transactions. Both developments are hailed by their evangelists as potentially revolutionary technological tools.

As crowds packed Manhattans midtown Hilton to listen to leadingtechnology figures such as Twitters Jack Dorsey and the cryptography pioneer Bailey Whitfield Whit Diffie, the question of Satoshis gender was purely symbolic. But it was also understood by many attendees: blockchain should not simply perpetuate the white male tech nerd stereotypical worldview of Silicon Valley.

We think cryptocurrencies should be built with a different system and values in mind, said Nyla Rodgers, the creator of the Satoshi Is Female group. Silicon Valley is completely run by men. Women only receive 2% of venture capital funding so their ideas never rise to the top. Weve been living with a very one-sided view of the world.

The launch of #satoshiisfemale at the Women of Crypto event in Puerto Rico.

A post shared by Satoshi Is Female (@satoshiisfemale) on

The expression of a male-led crypto world is already self-evident. The frothy, unstable cryptocurrency sector is dominated by images of Lamborghinis Lambos and going moon as cryptocurrencies surge in price.

Cryptocurrency and blockchain has already received bad press for being overly gendered and insufficiently woke. In February, the North American Bitcoin Conference wrapped up 10 hours of speeches by inviting 5,000 attendees to what it called a networking party in a 20,000 sq ft strip club.

To women in the crypto sector attending Consensus, theres no time to lose if blockchain technology isnt going to follow the same path as Silicon Valley.

A recent study found that while there was improvement in the number of women in the industry in the wake of several sexism and discrimination scandals, the participation of racial minorities was worsening.

The blockchain sector has only been around for 18 months so we, as women, can help define what the culture looks like at the beginning, said Rodgers who is raising money to fund women-led tech groups, many in the developing world, through her charity Mama Hope. The urgency is there for women and minorities to create a system that actually values them.

On the first day of New Yorks crypto-week, the entrepreneur Cindy Chin held a seminar Women on The Block with the express purpose of creating a sense of inclusion in the blockchain world.

We think theres an opportunity to change what has really been an all-male space, Chin says. We want to be part of the conversation, we want to drive the leadership, to be part of the deal-flow and we want to be invested in we want the money!

Read more: https://www.theguardian.com/technology/2018/may/17/consensus-2018-conference-bitcoin-satoshi-is-female

Bitcoin tools could make finance system safer, says IMF boss

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Christine Lagarde believes revisiting crypto-assets could harness gains and avoid pitfalls

The advance of bitcoin and other digital currencies could make the global financial system safer despite the prospect of inevitable accidents waiting to happen, the head of the International Monetary Fund has said.

Christine Lagarde said some tools built using the technology behind bitcoin, which are known collectively as crypto-assets, hold the potential to revolutionise the world of high finance by making it faster, cheaper and safer. Among them, there are real threats and needless fears, she said.

Writing in a blogpost as politicians and central bankers gather in Washington for the IMFs regular spring meetings, she said there was hope for a world where firms using digital currencies could coexist alongside traditional banks.

That level of diversity could build a financial ecosystem that is more efficient and potentially more robust in resisting threats, she said.

An increasing number of consumers have used cryptocurrencies as an alternative to the old ways of holding and moving money and prefer them to traditional banks, which crashed in the 2008 financial crisis. However, many have lost money from volatile price movements and after some cryptocurrency exchanges have been hacked.

Lagarde has previously issued warnings over the risks posed by bitcoin and other digital currencies, calling for global regulators to stage a crackdown by using its technology to fight fire with fire.

Last month, she said authorities around the world could harness the potential of cryptocurrencies to help bring them under control. Failure to do so would allow the unfettered development of a potentially major new vehicle for money laundering and the financing of terrorism, she added.

The governor of the Bank of England, Mark Carney, has called bitcoin and other cryptocurrencies inherently risky and that they have failed to fulfil their most basic function as money. Bitcoin hit almost $20,000 (13,958) in value in the run-up to Christmas, before crashing by more than half earlier this year.

But ahead of the IMFs forthcoming global financial stability report, which looks at emerging risks from the world of banking, Lagarde said there were merits from looking again at crypto-assets. A clear-eyed approach can help us harness the gains and avoid the pitfalls, she said.

Comparing recent developments to the advances of the 1990s – when thousands of technology companies were started only to collapse a few years later during the dot-com crash – she said many crypto-assets were bound to fail. More than 1,600 digital currencies are in circulation, having ballooned in number in recent years.

However, just as a few technologies that emerged during the dot-com era have since transformed the world, she said crypto-assets that survived this process of creative destruction could have a significant impact on how we save, invest and pay our bills.

Read more: https://www.theguardian.com/technology/2018/apr/16/bitcoin-tools-could-make-finance-system-safer-says-imf-christine-lagarde

So you’re thinking about investing in bitcoin? Don’t

A collective insanity has sprouted around the new field of cryptocurrencies, causing an irrational gold rush. I know youre tempted, but dont be a fool

So you’re thinking about investing in bitcoin? Don’t

So you’re thinking about investing in bitcoin? Don’t

A collective insanity has sprouted around the new field of cryptocurrencies, causing an irrational gold rush. I know youre tempted, but dont be a fool

Read more: https://www.theguardian.com/technology/2018/jan/15/should-i-invest-bitcoin-dont-mr-money-moustache

bitcoin dad

Read more: https://imgflip.com/i/20vnpq

Why is bitcoins price so high?

Bitcoin’s price has risen stratospherically, a fact that leaves many minor players in the market with massive gains and many bigger players millionaires. But is this a bubble? Are the gains real? And are the bitcoin whales in for a sad Christmas?

First we must understand what drives bitcoin price and, in particular, this boom. The common understanding for current growth leads us back to institutional investors preparing for the forthcoming BTC futures exchanges.

The primary theory about the astonishing rally being put forward by investors on social media is that bitcoin will soon benefit from big institutional money injections via the introduction of the first BTC futures products. CBOE Global Markets and CME Group are launching new futures contracts on December 10 and December 17, allowing investors to go long or short on bitcoin. This ability makes bitcoin far more palatable to big investors who are currently flooding the market to make profits if and when the bitcoin price falls.

This move also legitimizes bitcoin in Wall Street’s eyes, an important point considering cryptocurrencies are still suspect.

Further growth comes from the “bitcoin as a store of value” crowd. This group of enthusiasts bought and held bitcoin and will not sell it at any current price. More and more bitcoin fans are entering into this group and they are driving up demand increases. In a world where people expect bitcoin to be worth $1 million soon this sort of activity – whether rational or irrational – is quite popular.

We see a common thread between these points: hype and news. All cryptocurrency movements are based on domain specific media and conversations between traders. Bitcoin traders, it can be said, are now akin to the jolly colonists selling stocks under buttonwood tree. This small but influential market is prone to panics based on a single tweet and users work together to at least bolster themselves with cries of “HODL!” The market is so nascent that there are no dark pools, no popular algorithmic trading systems, and no real way to automate your buying and selling activities (although, without futures, there was never a need to). That is all coming and at that point the market will harden itself against panics and booms. Until then we enjoy rises and dips and volatility that puts most bitcoin dilettantes off their lunch.

Ultimately new and old users are testing the limits of a system that, for a decade, has been untested. The futures market will be a big driver in growth and bust over the next few months as institutional investors begin using the currency. CoinDesk writer Omkar Godbole notes that the price should remain stable but “a pullback to $11,000 cannot be ruled out, but dips below the upward sloping 10-day MA of $11,500 are likely to be short-lived.”

“As of now, a significant correction is unlikely and could be seen only on confirmation of a bearish price-RSI divergence and/or if RSI and stochastic move lower from the overbought territory,” he wrote.

Is this dangerous? Yes, to those who are betting big on BTC. Again, I cannot tell you whether to buy or sell but the common expectation is that bitcoin raises to a set point and then fluctuates between a high and a low until the next run up. Many expect foul play.

“The current price isn’t truly driven by demand. When CME Group went live with Bitcoin futures we saw a sharp increase in demand and an increased number of users in the network,” said Matthew Unger, CEO and Founder of iComplyICO. “Now, some institutional major players are flooding the network with new cash and creating what appears to be market manipulation. Now that Bitcoin futures are available it is easy to buy into futures market first and then create a massive number of buys or sells of Bitcoin to ensure the price swings in favour of your futures contract.”

“In many jurisdictions, Bitcoin has yet to become subject to regulations, leaving an investor with no recourse or protection from fraud or market manipulation,” said Unger.

Is this a bubble? Many are disappointed in the moves, believing the rise is happening because of market manipulation. But we must remember that the real value of a cryptocurrency is not driven by price but instead is driven by utility. While bitcoin may always be the proverbial hidden pot of gold for early buyers the future of all cryptocurrencies is still being written. Just as, in 1994, no one could have predicted the prevalence and value of open source projects like Linux and Apache, no one can currently predict what bitcoin and other cryptocurrencies will do for us in the future. Until we know, it’s best to buckle up and enjoy the ride.

Read more: https://techcrunch.com/2017/12/08/why-is-bitcoins-price-so-high/

Bitcoin breaks $3,000 to reach new all-time high

Bitcoin has actually reached a record high assessment of $3,000 per coin to finish a rollercoaster week that start with the long-awaited split of the cryptocurrency.

A variety of exchanges, consisting of popular locations Coinbase and Kraken , valued a single bitcoin at over $3,000, an all-time high that is up $485 on the assessment one month back. Previously this year, Bitcoin rose to go beyond $2,000 for the very first time in May going on to practically reach $3,000 in June just for the appraisal to crash .

Over the last twelve hours, bitcoins worth has actually leapt by over 10 percent as forked currency bitcoin money has actually seen its evaluation crash by 30 percent.Some exchanges consisting of Chinas OkCoin even put the worth of one bitcoin above $3,200 today.

Finally, the rise implies that the overall market cap of bitcoin is more than $50 billion $51,737,289,581 at the time of composing inning accordance with Coinmarketcap.com .

A Coinbase chart reveals bitcoins appraisal has actually passed$3,000 per coin

One chief issue around the currency was unpredictability around the capacity of a split. Some factions of the bitcoin

neighborhood advised for modification to counter the slowing down processing rates of bitcoin. The outcome was a fork called bitcoin money (called BCH)which originated on August 1.

BCH replicated the initial bitcoin blockchain, suggesting that anybody holding BTC was entitled to BCH, too. Not all exchanges consisting of Coinbase supported the forked currency from day one. That resulted in droves of clients obviously taking their coins from Coinbase, as well as risks of legal action, which eventually triggered Coinbase to alter its mind and promise to support BCH withdrawals from clients by January 1. It hasn’t dedicated to trading at this point.

BCH has actually sustained a relatively unpredictable very first week, even for bitcoin requirements.

The currency began life valued around$555, prior to peaking at$ 727 on Wednesday. It later on crashed to its existing rate of around$220 as bitcoin, on the other hand, skyrocketed to cross that$3,000 mark.

The very first week of trading for bitcoin money, viaCoinmarketcap.com

Experts are doubtful of BCHs long-lasting future since, at this moment, beyond the unsteady assessment, there isn’t really in fact anything that can be maded with it. That might

alter in the future if the task draws in sufficient business and designers, however the challenging that it requires to mine BCH versus bitcoin isn’t really warranted to numerous miners. That might adjust modification in the future, as a Coindesk story just recently recommended , however bitcoin stays the more profitable choice since today.

Note: Story upgraded to alter bitcoin money abbreviation to BCH.

Read more: https://techcrunch.com/2017/08/04/bitcoin-3000/

Bitcoin just surged past $2,000 for the first time

The worlds most popular cryptocurrency is now worth over $2,000 per coin. Thats inning accordance with a series of bitcoin exchanges, consisting of Coinbase and Kraken. That assessment puts the overall market cap of bitcoin the overall variety of coins in blood circulation at $32.92 billion.

Bitcoin has actually been on a tear this year, as this chart from Coindesk reveals .

Bitcoinfirst broke the$1,000 assessment mark method back in 2013 , however a mix of elements consisting of the implosion of then-top exchange Mount Gox saw the currency drop in worth. Assistance from banks trialedbitcoin and blockchain-based services, and a basic stability following brand-new policy in China, saw bitcoin return tothe$1,000 mark once again at the end of in 2015 . Ever since, itsvaluation has actually continued to grow regularly through 2017.

When we discussed bitcoin (and ethereum)striking all-time highs back at the end ofApril, you might purchase a bitcoin coin for $1,343. Now, some 3 weeks later on, the evaluation is up 50 percent. The cost of a coin increased 12 percent over the previous week alone.

But bitcoin isn’t really the only cryptocurrency growing. Ripple, the central currency that is intending to be a settlement procedure for significant banks, has actually risen more than 10x, or 1000%in under a month making it now the 2nd most important cryptocurrency(just behind bitcoin )in blood circulation.

Similarly, ethereum, a cryptocurrency created to operate as a blockchain-based computing platform for designers, is now trading $130 per coin with an overall market cap of simply under $12B, which represents a bit more than a 2x boost over the last month.

The outcome of these boosts is that bitcoin not makes up most of the marketplace cap for all cryptocurrencies. Today the overall market cap of bitcoin represents simply 47 %of overall cryptocurrencies up till a couple of months agoit regularly hovered around 80%.

Why have these other cryptocurrencies been carrying out a lot better than bitcoin? Some state its since of bitcoins scaling concern. The currency has actually grown so big that the network is having difficulty rapidly verifying deals unless users connect substantial costs for minors. And while the issue can be repaired with services like SegWit or Bitcoin Unlimited , the most powerfulminers(who effectivelycontrol the codebase of bitcoin)have not had the ability to concern an agreement on which brand-new procedure to execute.

While boosts of 10x in a month would generally be an apparent indication of a bubble, its a little bit various with cryptocurrencies since nobody actually understands what does it cost? they must deserve. Unlike a business there are no earnings or properties we can utilize to examine a foreseeable assessment. Soin one sense, an overall cryptocurrency market cap of$70B is outrageous thinking about there is no concrete worth behind it.

But on the other hand, if(any of )these cryptocurrencies really change or supplant a worldwide shop of worth like gold, then$70B is absolutely nothing. The overall approximated worth of all gold mined is around$8.2 trillion USD. Significance that today all cryptocurrencies assembled do not even equivalent 1%of the worlds gold reserves. There is presently about$1.5 trillion USD in blood circulation, suggesting that all cryptocurrenciestoday are still worth less than 5%of USD in blood circulation.

The currency remains in unchartered waters at$2,000, however some punditsbelieve it has the prospective to reach$10,000 (or more ). To attain this the neighborhood would likely need to figure out the scaling problem, which would provide financiers self-confidence that bitcoins facilities have the ability to support it as it grows.

Read more: https://techcrunch.com/2017/05/20/btc2k/

Dont Understand Bitcoin? This Man Will Mumble An Explanation At You

Read more: http://www.clickhole.com/video/dont-understand-bitcoin-man-will-mumble-explanatio-2537