t Arthur Traviss Cörry
~   Digital Literacy Is the Key to the Future, But We Still Don’t Know What It Means | WIRED (via infoneer-pulse)

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The Bank of England (BOE) believes bitcoin poses no threat to the financial system, but that it one day could affect financial products, stocks, and even physical assets such as gold. The researchers for the BOE highlighted the potential usefulness of the “decentralized ledger,” also known as the blockchain, admitting that it could one day update the existing financial system’s infrastructure.  The BOE estimated that 300 bitcoin transactions occur daily in the UK with about 20,000 people in the UK holding bitcoins at the moment.

AND this is what a chat window looks like after a Consultation Session with @Think_Lyndon of http://ThinkDifferently.ca PUBLIC RELATIONS DEMYSTIFIED 
16th Sep 201413:18

How are Millennials changing the workplace? Join Stowe Boyd @stoweboyd & @IBMIBV to chat about the #FutureofWork 9/16 @ 2pm EST.
16th Sep 201411:2344 notes

I’m really proud to be able to say that we’re going to work with Samsung to have a prototype physical network based on this technology — ready (we hope) in time for CES in January.” 

IBM, one of the top five technology companies in the world, and Samsung, literally the largest technology company in the world, are working on a block chain product in time for CES this January.  

"Yesterday’s most consequential tech announcement had nothing to do with watches. Instead, it was IBM saying that it will use bitcoin’s block-chain technology to build a distribution platform for the Internet-of-Things. As I’ve previously written, the real promise of bitcoin is the underlying technology itself, rather than its various applications for stored value or payments. And this appears to be the first time that a large tech company is putting serious resources behind trying to achieve that promise."

"Tagging something to an existing block chain is relatively easy to do from a technical standpoint," says Anders Brownworth, a bitcoin technologist and founder of the Cambridge Bitcoin group.  So even if IBM chose to create its own block chain for the Adept proof of concept, it could always opt to "attach" that chain to bitcoin’s at intermittent points in the future.  According to Brownworth, "Inserting a SHA of the Adept block chain into the bitcoin block chain would be a stronger guarantee that you have the correct Adept chain, and that what you see in the Adept block chain is very likely accurate."

The question then is whether Adept could be built a) on top of the Bitcoin protocol, much like Mastercoin or Counterparty; b) as a separate framework, much like NXT or Ethereum; or c) as a “side chain” which could have a two-way relationship with the block chain.  

Chain co-founder Adam Ludwin explains, “Side chains remain a conceptual, unproven technology today, as there aren’t yet in any production that you can point to.  This requires some changes to the core bitcoin protocol.”  That leads Ludwin to believe that IBM could ultimately choose to go their own way, innovating “at the protocol level to release a new distributed consensus algorithm” rather than relying on a true block chain per se.  

However, both Ludwin and Brownworth agreed that if IBM were to build a true block chain infrastructure, the company’s best bet would be to leverage Bitcoin.  Brownworth speculates that Bitcoin’s block chain has a higher chance of survival in the long-term than IBM’s own fully maintained block chain given the infrastructure investments that both networks would require.  Big Blue could, at any point now or in the future, rely on the longest publicly running block chain in history - bitcoin’s.  

As Brownworth asks, “Why reinvent the wheel?”
My Father after a swim & a run on his 85th birthday.
13th Sep 201418:00

Another 27km #run #trailrunning to #railroad! Love this! Half marathons becoming a weekly habit for me #running #marathon #marathoner

#ShawniganLake - as we say in #VictoriaBC, it’s “#UpIsland” - #VancouverIsland
What happens when centralization of finance fails us?
11th Sep 201415:41
#Parlaiment #BritishColumbia #neo-baroque #FrancisRattenbury 1893 #RomanesqueRevival
My Father’s 1st published book, Fighters Should Be Gentlemen - now available at Amazon.com Paperback, Hardcover, & Kindle Edition. Order now to read a personal story written by my Father of the life of his boyhood hero Jimmy McLarnin. Amazon.com/Fighters-Should-Be-Gentlemen
8th Sep 201417:55



#FridayFunFact2: interesting distribution of devices used for streaming video…
4th Sep 201408:1123 notes
~   Aldous Huxley
#BritishColumbia #Parlaiment #VictoriaBC #Canada My hometown.  On the Inner Harbour. #VancouverIsland  (at Victoria Inner Harbour)

Arthur Traviss Corry on Singularity 1 on 1