Bringing In and Breaking Out: 10 Bitcoin and Blockchain Predictions for 2017

Bringing In and Breaking Out: 10 Bitcoin and Blockchain Predictions for 2017

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Blockchain had a good run in 2016 with a lot going on, including over $1.5 bln invested in startups, Bitcoin breaking out of the $700 resistance level and the likes of IBM and Microsoft betting the shop on this new pervasive technology. We saw Barclays Bank’s first live commercial banking transaction, Hyperledger’s very promising Corda technology coming of age and, of course, more attacks requiring more forks. In addition, the Scaling Conference in Milan showcased some amazing projects that bode well for Blockchain’s amazing future. So what does 2017 hold for the Bitcoin Blockchain? On par with gold Bitcoin will continue its rise from its three-year high to reach parity with gold, continuing the trend post the devaluation of the yuan, the withdrawal of large Indian notes, as well as the Trump and Brexit effect. Breaking out As 2016 was the year of the Proof of Concept, 2017 will be the year when Blockchain breaks out of the lab and into production environments. Forks Ethereum will continue to fork under constant attacks and will get stronger as Casper comes of age. Furthermore, Ether will continue to struggle to break through the $1 bln market capitalization. Smart contracts Banks will try …

Bitcoin Wallet Uses Comprehensive Multi-Factor Security

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A new device is aiming to offer comprehensive security for bitcoins, reports Romain Dillet in a TechCrunch article. Called Case, the credit card-shaped product is aiming to prevent any further data breaches against bitcoin users. The device features a robust security apparatus employing a fingerprint sensor, a small screen, and a GSM chip. In order to authenticate a transaction, the user presses the bitcoin button, scans a QR code using Case’s camera, and performs biometric authentication via the fingerprint sensor. Each device comes with its own unique built-in key, and Case keeps a corresponding, encrypted key in its online database. There’s also a third key in an offline vault, which can be used to recover bitcoins in the event that a user loses their Case. While a recent MasterCard study indicated that consumer attitudes toward security in mPayments are apparently pretty lax, it seems a good bet that users of the bitcoin crypto-currency will be somewhat more concerned about safeguarding their stockpiles. Other organizations have dipped into biometrics to try to offer such security, as in the case of Robocoin’s bitcoin ATM, but no device has offered as comprehensive a solution as the one from Case. Case devices are slated …

BITCOINPORNSITES.NET LETS YOU VIEW PORN ANONYMOUSLY

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Sexual depictions have existed in the form of rock art since prehistoric times. From the controversial French impressionist painting by Édouard Manet, Olympia, which was a picture of a prostitute, to today’s celebrity leaked porn videos, pornography has long been controversial and in demand. Thanks to Bitcoinpornsites.net, audiences of porn can now watch porn without fears of embarrassment or retribution. With websites being added all the time, Bitcoinpornsites.net library expands consistently.  It has become the internet’s top resource for porn available in Bitcoin. Since its incipience, Bitcoin has been considered an intriguing tool for porn audiences. Long have individuals worried about porn subscriptions showing up on credit card statements. But, in this day-and-age, thanks to Bitcoin, your porn viewing can be kept private. Bitcoin is the simplest, easiest means of paying for things online, especially for pornography. Unlike dollars or euros, bitcoins are produced by computers all around the world with a software that solves mathematical problems. Bitcoin is best for buying things electronically. What makes it markedly different than most other types of currency is that it is decentralized. When paying with Bitcoin, you no longer need to provide your name nor address for even the most hardcore of …

MIT Media Lab Announces Launch of MIT Digital Currency Initiative, Headed by Former White House Senior Adviser

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A few days ago Bitcoin Magazine reported that Joi Ito, director of the prestigiousMassachusetts Institute of Technology (MIT) Media Lab, was about to unveil a plan for the institute to become what he called an independent, neutral home to help with Bitcoin standards development. “I think within a couple of weeks we’ll be announcing something which will be a little bit more substantive,” said Ito. “And I’m not pushing it, but I’m offering MIT as a neutral academic home for some of the conversations and the technical coordination.” MIT has now formally announced the launch of a Digital Currency Initiative, to be directed by former White House senior adviser for mobile and data innovation Brian Forde, who joined the MIT Media Lab as director of digital currency. Forde will work with researchers across the institute and leading experts at other universities around the world to address some of the most critical challenges to creating a safe, stable and secure digital currency. “As a technologist, there’s no more exciting place to work than the MIT Media Lab,” said Forde. “The innovations that come out of the Media Lab have made a truly global impact. I look forward to working with the …