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Post Tagged with: "Crypto Currency"

Blockchain Technology: From the Chaos of Capitalism a New(Revolutionary) World Order Emerges

Blockchain Technology: From the Chaos of Capitalism a New(Revolutionary) World Order Emerges

While there are many approaches to it, there is only one truth: that the world is One and thus that all is internally related.  The genius of Einstein is that he expressed and established this as the physical truth of the universe by negating Newton’s profound misconception of the world as separate and isolated units coexisting in an ether which[Read More…]

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Is India Giving Up an Opportunity to Be on a Central Stage of a Virtual Currency Revolution?

Is India Giving Up an Opportunity to Be on a Central Stage of a Virtual Currency Revolution?

Potentially a game changing digital technology, the use of crypto-currencies like Bitcoin as a viable alternative to the national currencies like Dollar or Rupee, has largely been seen by countries across the world –with India being no exception- as a danger to the existing government-centralized economic system. With contention over use of crypto-currencies as a medium of exchange, Finance Minister[Read More…]

The Venezuelan “Petro” – Towards A New World Reserve Currency?

The Venezuelan “Petro” – Towards A New World Reserve Currency?

As this article goes to print, Globovision TV quotes Venezuelan President Nicolas Maduro announcing the launch of a new cryptocurrency, the “Petro Oro”. It will be backed by precious metals. The launch of the new cryptomoney is scheduled for the next week. No details of the new offering are available at this point. “I do not want to rush things,[Read More…]

Bitcoin, Innovation of Money And Reinventing Activism

Bitcoin, Innovation of Money And Reinventing Activism

Bitcoin’s price explosion made news headlines this last year. Topics of digital assets entered onto dinner tables and friendly chats at work places. Fever of the digital gold rush that has swept mainstream finance became contagious. Institutional funds are now entering into cryptos, seemingly hedging their bets with their “sugar high” bubble economy. Jamie Dimon, the JPMorgan CEO who previously[Read More…]

Bitcoin Has An Energy Problem That Solar Power Can’t Fix

Bitcoin Has An Energy Problem That Solar Power Can’t Fix

  Bitcoin mining – the mechanism of creating Bitcoins and approving transactions on the blockchain – consumes prodigious amounts of electricity due to the use of a ‘Proof of Work’ cryptographic algorithm. While some Bitcoin is mined using clean energy (hydropower and geothermal energy, mainly) most Bitcoin is mined using coal, because coal power is both ubiquitous and cheap. Unfortunately,[Read More…]

Bitcoin, Blockchain, And Local Currencies

Bitcoin, Blockchain, And Local Currencies

The Seven Social Sins of the World: Wealth without work Pleasure without conscience Knowledge without character Commerce without morality Science without humanity Worship without sacrifice Politics without principle — given by Mohandas Gandhi to his grandson Arun shortly before his assassination BITCOIN AND BLOCKCHAIN The world is on fire lately with the exponential growth of Bitcoin and other electronic cryptocurrencies. While[Read More…]

The English City With Its Own Cryptocurrency: Q&A With The Founders Of HullCoin

The English City With Its Own Cryptocurrency: Q&A With The Founders Of HullCoin

The staff at the nonprofit organization HullCoin has done something very unusual in the city of Hull in northeast United Kingdom. They’ve launched their own local cryptocurrency — programmed on top of Bitcoin to be issued by nonprofits and social institutions — as a way of combating financial exclusion and other problems that are at the root of poverty. Residents of Hull can earn[Read More…]

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