Archive of posts filed under the Financial Markets category.

A UK Court Ruled that A Crypto Research Paper Should Be Censored

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A Prominent Bitcoin Promoter is Punished for Sharing the Satoshi Original Paper and Bitcoin Core Developers Surrender Sad day for freedom of speech in cryptography. The self-proclaimed Satoshi Nakamoto Craig Wright has won a legal battle claiming copyright infringement on the part of bitcoin.org for hosting the Bitcoin original whitepaper. After censorship of Garcia paper …

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Edward DeBono, the Precursor of Bitcoin Died

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Edward de Bono, scientist and writer, inventor of the concept of “lateral thinking”, died on 9 June 2021, aged 88. In 1994 he proposed the famous concept of IBM dollar, which is a bit like the father of bitcoin, in several ways: It would be private money, not controlled by the state. Basically IBM would …

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Brace Yourself: Bitcoin Is Likely to Go to the Moon Now

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All the conditions are reunited for bitcoin price now to explode to new highs levels of say 27,000$. This is my personal prediction at this moment. Main reasons for being bullish now MORE THAN EVER are: Global financial crisis: while it is quite difficult to buy and store gold, it is easier to buy and to store bitcoin. …

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Can the Internet become Unstoppable?

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There is a chance the the Internet will be completely transformed. One wind of change blows from blockchain tech community. Another from Communist China. Essentially all the technology we know, could disappear completely, and could be replaced by something completely different, a different set of protocols and systems. For decades the so called “Internet” was …

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The Tale of Two Evil Empires

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George Soros decided in his old days to pick up a new fight. Let us be clear about who is George Soros. This man represents simultaneously what is the best and what is possibly the worst, inside our barely democratic Western pseudo-liberal but generally still rather free world (for now). Wisdom and great intelligence, great sensibility …

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Happy Birthday Bitcoin, 10 Years!

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On January 3rd we celebrate 10 years since bitcoin network started operation. Long live all crypto currencies, especially those which actually are real innovators, and bring new technology such as advanced crypto techniques to the market. Let a thousand crypto flowers bloom. P.S. It is also 20 years and 2 days after the introduction of …

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The Low Cost of 51% Attacks

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A web page shows that many crypto currencies lack protection against 51% attacks. For example to double spend in Dash, one needs to pay only 14K$ per hour. To double spend in bitcoin private, 1000$ will suffice. And course benefits of double spending can easily outweigh the costs. In addition some of the higher numbers are questionable. There …

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