How Blockchain Technology Will Disrupt Elections And Empower Individuals

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As unprecedented charges of rigging have loomed over the U.S. presidential election, much attention has focused on the capability of blockchain technology to make voting more transparent. Joseph Lubin, the founder of ConsenSys and the co-founder of Ethereum, observed in an article in Futurism that decentralizing technologies have important implications for not only improving elections, but in empowering individuals overall. In addition to charges of rigging, this year’s U.S. election featured the emergence of foreign and non-state actors wielding the power to influence the election’s outcome. Decentralized actors form Wikileaks to Anonymous have exerted influence over the race. A foreign controller of a big botnet can create major confusion which can affect events from a distance, Lubin noted. Where the United States has historically sought to police the world, the world has since become capable of exerting checks and balances on the U.S. political system. Chinese and Russian hacks, meanwhile, are exerting information-based influence on foreign shores. Stuxnet and similar cyber weapons have delivered millions of dollars’ worth of damage. Blockchain technology’s decentralizing power will deliver tools that can not only disrupt existing systems, but also provide solutions to enable more transparent, predictable and fairer outcomes. Governance Through Code When organizations …

BITCOIN IS THE FUTURE: PAYPAL CHANGES TERMS OF SERVICE TO TAKE YOUR CONTENT

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PayPal has joined forces with Bitcoin as a sort of keep-your-friends-close-and-your-enemies closer tactic. Bitcoin is designed to overtake and make obsolete services like Paypal and Western Union. It is faster, less expensive, and doesn’t require their third-party services to accomplish the same objectives. It is a better PayPal, and they know it. Now that the Internet has borne this superior option, it would be wise for PayPal to foster a stronger connection with its customer base to keep them happy and in the fold, no? PayPal doesn’t see it that way. In fact, they may be looking to drive more people towards the freedom and convenience of Bitcoin with their upcoming changes this summer. PayPal’s Terms of Service to change July 1st, 2015 If you haven’t seen this, you should, and you should share this with your friends, family, anyone who used PayPal in connection with a website providing online content. On July 1st, 2015, Paypal will update it’s TOS agreement to take away any and all intellectual rights to any content you provide online. If you use Paypal to accept PayPal, they will attempt to take ownership of any online content you add to your business or website. Here is …

Bitcoin Foundation to be Split in Half

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Following the issues raised over the weekend by one of the new Directors of the Bitcoin Foundation, Olivier Janssens. The Bitcoin Foundation, through Patrick Murck (Executive Director), has released their strategic proposal that was presented to the board earlier this year ( an assumption is that it was presented at the last Board meeting). The Bitcoin Foundation – Strategic Proposal Initially outlining the current situation, how at the close of January 2014 the Foundations treasury was at $5.2mm and in the following year, the close of January 2015, the Treasury stands at $463k. Part of the reason for this difference is stated to have been due to the falling bitcoin prices. At the end of January 2014, the average value was $800-$900 (Bitstamp), compared to $250 at the same time in 2015. Poor reputation and a decline in membership are also stated as part of the reason the Treasury has sunk so low. In spite of this we have made significant progress in turning around the financial situation with consistent month/month revenue growth and declines in operating loss. The proposal describes March (just gone) as possibly the first cash-flow positive month the Foundation has had since its earliest days. CCN …