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Enterprise blockchain adoption: 8 reasons to doubt – Part III
"Despite the disadvantages, enterprise blockchain has advantages. Many of these are unique. Enterprises must balance the advantages against the disadvantages. As in 2018, the ‘test’ for all blockchain implementations lies in resolving the inherent contradiction between centralised and decentralized, between cryptocurrencies and digital ledgers. Unfortunately, achieving these remains, in practical terms, as difficult as being half-pregnant."
blockchain  features  bis  bitcoin  blocksyte  cbdc  central  bank  cryptocurrency  e-currency  ethereum  food  trust  galileo 
2 days ago by jonerp
The billion-dollar cryptocurrency scams you've never heard about • OZY
Godfrey Olukya:
<p>The suicide note cited “personal reasons.” But Ashraf Nusubuga, a radiology student at Kampala’s Makerere University — Uganda’s leading higher education institution — didn’t hang himself over a love affair gone wrong or because of academic pressure. The 22-year-old killed himself after losing money he had invested in a bogus cryptocurrency firm.

He had put all of his money — and some he had borrowed — into what turned out to be a Ponzi scheme, lured by the promise of high returns, according to Luke Oweyesigire, deputy spokesperson for Kampala Metropolitan Police. But Nusubuga isn’t the only one to have fallen victim.

A series of large cryptocurrency scams is rocking Uganda, turning the East African nation into an unlikely hub for fraudulent firms claiming to offer digital currencies, while preying on weak governance and low financial literacy. Other major cryptocurrency scams in 2019 involved developed economies — Japan’s BITPoint exchange lost $28 million, and con men in the U.K. and the Netherlands stole $27 million from Bitcoin users. Globally, cybercriminals stole $4.3 billion from users and exchanges last year. But Uganda is the worst hit — by far.  

At least five cryptocurrency firms have closed shop and walked away with a total of more than $26 million of their clients’ money in the past six months. From students and churchgoers to army officers and government officials, the victims span Ugandan society. Robert Bakalikwira, a criminal investigations officer probing these cases, estimates that in all, 200,000 Ugandans have lost about $1 billion, or almost 4% of the country’s GDP of $28 billion, over the past two years.

These scams are different from those in the West, where hackers have stolen from exchanges or robbed from people. In Uganda, fake firms claiming to offer cryptocurrencies are luring people to buy in, before walking away with their money.</p>

In fairness, there have been quite a few Western dupes who have been scammed in exactly the same way. (*Looks meaningfully at the scores of Initial Coin Offerings in the past three years*)
cryptocurrency  scam 
2 days ago by charlesarthur
Kirkville - Intego Mac Podcast, Episode 122: Understanding Blockchain and Cryptocurrency
A child spends a fortune on in-app purchases, the CIA has been running a fake company providing encryption services, and beware of public lockers. We then take a deep dive into blockchain technology and cryptocurrency; if you’ve been wondering what Bitcoin is, we explain (almost) everything.
Check out the latest episode of The Intego Mac Podcast, which I co-host with Josh Long. We talk about Macs and iOS devices, and how to keep them secure.
podcast  security  privacy  blockchain  cryptocurrency 
3 days ago by rgl7194
Enterprise blockchain adoption: 8 reasons to doubt – Part I
"The advantages of a permissioned blockchain lie in its blend of performance and organized management – along with mutual visibility of entries for the permissioned. These are, for enterprises, significant attractions – especially when enterprises make comparisons with permissionless blockchains. In effect, permissioned blockchain fits traditional IT considerations better.

However, permissioned blockchains come with disadvantages. Often an enterprise has to ‘join the club’ and abide by the club’s rules, as a third party. More worrying, for enterprises, is the potential scale of the information an enterprise is releasing into a permissioned blockchain."
blockchain  features  bis  blocksyte  cbdc  central  bank  cryptocurrency  e-currency  food  trust  ibm  kadena  marco  polo 
4 days ago by jonerp
Decentralization with Epic Cash.
Learn More--> $EPIC
CryptoCurrency  EpicCash  from twitter
4 days ago by randyhilarski
Hal Finney (computer scientist)
It seemed so obvious to me: "Here we are faced with the problems of loss of privacy, creeping computerization, massive databases, more centralization - and [David] Chaum offers a completely different direction to go in, one which puts power into the hands of individuals rather than governments and corporations. The computer can be used as a tool to liberate and protect people, rather than to control them."
culture  cryptocurrency  crypto  algorithm 
4 days ago by F9FABE037
Mass Adoption of Bitcoin's Values — Limitless Curiosity
The significance of monetary Liberty might not be immediately obvious to someone who has lived all their life in the west. It might seem like people have the freedom to send money to anyone without asking for permission. This is not the case.
Archive  bitcoin  blockchain  crypto  cryptocurrency 
5 days ago by sudakshsoti
Privacy is a Fundamental Right.
Learn More--> $EPIC
EpicCash  CryptoCurrency  from twitter
5 days ago by randyhilarski
Esperando pacientemente que el mercado crypto siga su curso. 😍

cryptocurrency  bitcoin  from twitter_favs
6 days ago by randyhilarski
is they dont party like this about or any other people wake up and
realize  cryptocurrency  BTC  Bitcoin  BSV  from twitter_favs
6 days ago by joechin
Ethereum 2.0 Includes Major Changes That Could End Bitcoin's Blockchain Dominance | IEEE Computer Society
Proof of stake and sharding will be added to Etherium starting in Q1 2020 over a period of about 3 years.
cryptocurrency  ethereum  via:reddit 
8 days ago by mcherm

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