Bitcoin crash coming
news, the record-breaking heist. Expanding leverage for retail investors exacerbated the Crash of 1929 which led to the Great Depression. Japan is going wild and I think the crash is going to come from Japan. We went from highly centralized and integrated mainframes to distributed PCs, back to cloud computing, which is an evolved mainframe model.
(One reason financial institutions should be more cautious than Silicon Valley startups.). Rasmus regards bitcoin as a speculative commodity, a play on top of blockchain technology. Open source just means tech companies like Google, Facebook, all the way down the chain, develop standards and norms and software in areas where they don't compete because to do so would stymie progress and profits in the whole ecosystem.
The objects of their desires were cryptocurrencies based on blockchain such as bitcoin and ether. Maybe Bitcoin gets superseded or stamped out almost entirely. But that database is a nexus of principal-agent problems. Financial innovations gone awry can cascade across entire economies. He said most cryptocurrency action happens in Asia particularly in Japan, as more than 40 percent of all the purchases come from the country. Because governments rely on taxes. Big Brother uses AI to learn your greatest fears and desires and what to show you when, to optimize you for engagement and manipulate you into clicking. According to the article, 65 projects have raised 522 million so far in 2017.
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