Bitcoin Explained. Bitcoin’s creator is Japanese mathematician Shinichi Mochizuki, says hypertext inventor. Promotional posters for the new Everest movie recently appeared in New York City subway stations, and these days I travel to and from work with a strange lump in my throat. Everest, which opens in wide release in the US today (Sept. 25), is based on the true story of how eight people died in a storm on the world’s tallest mountain in 1996. It’s the same story that Jon Krakauer told in his bestselling book Into Thin Air. It was, until last year, the most deadly accident in Mount Everest’s history.
Then on April 18, 2014, an ice release killed 16 climbers on the mountain. And barely a year later, April 25, 2015 became the new deadliest day in Everest history, when a magnitude 7.8 earthquake killed nearly 9,000 people in Nepal, 21 of them in an avalanche at Everest Base Camp. I was there, and my feelings about it are still a mess of contradictions. I lived through Everest’s worst day. But when I watched the Everest trailer online a few weeks ago, I couldn’t stop shaking. “Earthquake?” Bitcoin's Impact On So-Called Social Issues. This morning, I awoke to an individual on Twitter letting me know, in no uncertain terms, that bitcoin and social issues were unrelated. Since literally everything is related to everything else in some way, I’ll assume what he meant is that bitcoin and social issues are particularly far apart in terms of overlap.
This is of course absurd. While “social issues” is a term which needs to be defined prior to further discussion, the “social issues” that particularly interest me are issues of poverty, class, mobility, equality of opportunity and access to resources. Access to banking and credit Credit is one of humankind’s most important innovations. Bitcoin addresses this inequity in two ways. Second, the Bitcoin protocol offers the promise of Smart Contracts. Remittances and fighting oppressive regimes The ability to transfer money globally is a very powerful tool in the fight against poverty.
In addition, bitcoin offers an escape hatch to people trapped under oppressive regimes. Charity. The Bitcoin Group #17 (Live) - Mt. Gox (cont.) - NY Regulations - Colbert Bitcoin - JP Morgan. Bitcoin will be part of the global banking order, says Circle CEO. The future of bitcoin will be determined by central banks, standards bodies and corporate contributors. That’s the view of entrepreneur Jeremy Allaire, who used a Monday morning keynote address in New York to set out out a vision of the digital currency that is decidedly unlike the decentralized dreams of many early bitcoin backers.
Allaire, whose startup Circle is vying to taking bitcoin into the consumer mainstream, spoke at Inside Bitcoins, one of a growing number of event franchises capitalizing on a spike of interest in payments and virtual currencies. According to Allaire, bitcoin’s emergence as a global payment platform will depend on governments altering anti-money-laundering laws, and helping bitcoin service providers integrate with the world’s existing banking infrastructure. In his view, the choice between bitcoin and conventional fiat currencies doesn’t represent an “either/or” proposition.
So what will it take to get bitcoin to go from techie fetish to common currency?