Gentlemachines
Follow
Find tag "bitcoin"
2.5K views | +0 today
Gentlemachines
What's new at the crossroads of culture, technology and science
Curated by Artur Alves
Your new post is loading...
Your new post is loading...
Rescooped by Artur Alves from Peer2Politics
Scoop.it!

Visions of a Techno-Leviathan: The Politics of the Bitcoin Blockchain - ISN

Visions of a Techno-Leviathan: The Politics of the Bitcoin Blockchain - ISN | Gentlemachines | Scoop.it

Will Bitcoin lead to a digital cryptocurrency economy that is free from the influence of banks and, most importantly, aggressive governments? Brett Scott doesn’t think so. Yes, it may offer some protection from state power, but it hardly guarantees added ‘empowerment’ or even ‘escape’.


Via jean lievens
more...
No comment yet.
Scooped by Artur Alves
Scoop.it!

Why Bitcoin lives in a "legal gray area"

Why Bitcoin lives in a "legal gray area" | Gentlemachines | Scoop.it

"Because exchanges deal in dollars, they are relatively easy to regulate. But the Bitcoin network itself is highly resistant to meddling by regulatory authorities. Rather than having a central authority in charge of authenticating and clearing payments, the Bitcoin payment process is based on a peer-to-peer design. All nodes in the Bitcoin network have the basic rules of the Bitcoin system baked into them, and efforts to deviate from those rules will be rejected by the Bitcoin system.

Hence, governments that want to force the Bitcoin network to comply with local laws are likely to fail. And because the network operates globally, even shutting down the network in one country is unlikely to have much effect. It will continue to operate in other jurisdictions, and users in the jurisdiction where the technology is banned can easily participate in Bitcoin transactions via VPN. And simply requiring Bitcoin exchanges to disclose the identities of their users won't fully address Schumer's concerns; it will still remain difficult to unmask the parties to transactions within the Bitcoin economy."

more...
No comment yet.
Rescooped by Artur Alves from Peer2Politics
Scoop.it!

Bitcoin Explained

A short video looking at 'Bitcoin', a decentralized digital currency.


Via jean lievens
Artur Alves's insight:

Bitcoin is gaining notoriety. But what is it? And how does it work?

more...
No comment yet.