Remove tag bitcoin
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Decentralized Systems Don't Care

Phil Windley

In a more IT-related story, I also recently read this article, Despite ban, Bitcoin mining continues in China. in Bitcoin mining. In December 2021, the most recent figures available, China was responsible for 21% of the Bitcoin mined globally (compared to just under 38% in the U.S.). Bitcoin doesn't care if you hate it.".

System 52
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Germany shuts down servers for Russian darknet marketplace Hydra

The Verge

million USD) worth of Bitcoin in the process, Germany’s Federal Crime Police Office (BKA) announced on Tuesday (via Bleeping Computer ). Treasuremen,” or dealers connected with the site, push drugs throughout the region by hiding them in geo-tagged pickup locations. billion (~$1.35 million USD) in 2020 alone.

Banking 113
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Legitimacy and Decentralized Systems

Phil Windley

He says: [T]he Bitcoin and Ethereum ecosystems are capable of summoning up billions of dollars of capital, but have strange and hard-to-understand restrictions on where that capital can go. Tags: legitimacy decetrnalization. From The Most Important Scarce Resource is Legitimacy Referenced 2021-04-26T14:46:43-0600.

System 59
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Crypto’s winter is here again. How long will it last?

Vox

Tag line: “Don’t miss out on crypto.”. trillion in value has disappeared since last fall as cryptocurrencies have plunged: Bitcoin is down 56 percent from its peak in November; ethereum is down about 63 percent. And now the crash: Something like $1.5 Don’t even ask about Dogecoin. Rani Molla. We don’t have an answer yet.

Media 88
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Digital Transformation Asset Management

Cloud Musings

From virtual machines to chatbots to Bitcoin, physical has become last century’s modus operandi. Today’s businesses run in the virtual world. Dealing with this type of change in business even has its own buzzword – Digital Transformation.

IBM 95
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Is Sovrin Decentralized?

Phil Windley

Bitcoin and other decentralized ledgers are, in fact, logically centralized. But the architecture (no infrastructural central point of failure) and politics (no one controls them) of Bitcoin are decentralized. For example, while it's true that Bitcoin miners aren't centrally controlled in some aspects (e.g. There's one ledger.

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Sovrin Status: Provisional Trust Framework

Phil Windley

This is in contrast to permissionless ledgers like Bitcoin's blockchain that rely on validators who are not identified. Tags: sovrin trust+framework trust web+of+trust. Sovrin is a permissioned ledger, meaning it achieves consensus using a known set of validators—in this case, trusted institutions around the world.