Bitcoin & Cryptocurrency, Meditations & Predictions

THE PSYCHO LINGUIST

d89a1438-d89b-40be-8df3-dbd7993fa694

I am new to Crypto-Currency but this is my synopsis:

When I first investigated blockchain I asked myself who it would create value for.  I answered that it would create value if it was inspired by an intelligence agency that wanted to have records of every monetary interaction ever.  It would also have value for a Super-Intelligent A.I. Computer that developed time-traveling abilities and was able to incentivize the infrastructure for it’s own creation. 

I joke a little bit, but not really.  Like most people I am optimistic but skeptical. 

Blockchain is a series of computers that all record the same transfer of money.  For this reason it is impossible to falsify or forge.  It eliminates the problem of double spending created by credit, in which two or more people are spending the same dollar.

Banks that are manipulating currency or are engaged in illegal activities will recognize blockchain not…

View original post 468 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s