t Arthur Traviss Cörry


When asked about Bitcoin in a Bloomberg News interview yesterday, Richard Branson responded by saying, “Bitcoin is working.” Branson is accepting bitcoin as a method of payment for Virgin Galactic’s commercial spaceflights.  The Winklevoss twins took Branson up on the offer in May, by paying for their $250,000 space tickets in bitcoin.  Branson discussed bitcoin’s volatility, but did mention, “There is a big industry around Bitcoin.”

Mt Baker (USA) as seen from Mt Douglas #VictoriaBC #Canada. When Capt. George Vancouver sailed past the Southern tip of what would become Victoria, Vancouver Island in 1794, 3rd Lieutenant Mr. Baker who was on watch in the crowsnest, was the first to spot it.


Last Month, Amagi Metals announced it would stop accepting the US dollar as a payment method by 2017 dealing strictly with bitcoin instead.  CEO Stephen Macaskill stood by his firm’s decision, and believes bitcoin is “going to replace the dollar in my lifetime.”  Macaskill believes the dollars days are numbered, and that bitcoin will carry our economic system, along with his company, in the future.



Paypal, the world’s second biggest payment system, will support bitcoin on its Braintree payments platform.  Now instead of associating bitcoin with Silk Road, the average user may know bitcoin as another payment option for one’s Uber ride or Airbnb trip.  The Braintree acceptance of bitcoin will hopefully take bitcoin out of the shadow, and develop help itself as an accepted online-payment system.


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

(via infoneer-pulse)


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 201411:2346 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

Arthur Traviss Corry on Singularity 1 on 1