Banks are laying off workers across the globe as revenue declines throughout the sector. According to reports, banks have announced nearly 60,000 job cuts so far this year, with most of the layoffs happening in Europe, especially in Germany. Also read: Panic at 137 Bank Branches as RBI Limits Withdrawals to ₹1,000 Almost 60,000 Job … Read moreMassive Layoffs: Banks Cutting Nearly 60,000 Jobs Worldwide
The U.S. Internal Revenue Service (IRS) released a new report and infographic on Thursday illustrating unpaid or underpaid taxes for the years 2011 – 2013. The numbers reflect estimates based on the last such findings, for the years 2008 – 2010. With commissioner Chuck Rettig citing the importance of voluntary compliance, and crypto’s popularity on … Read moreIRS Releases ‘Tax Cheat’ Info Raising Concerns About Crypto Theft
The last decade has seen central banks print trillions of dollars, governments grown much larger, wars continue with no end, and ordinary citizens taxed even more. Thankfully there are individuals and small pockets of people all around the world who believe something is wrong. Many of these people have a plan to help end the … Read moreBitcoin Is a Viable Way to Remove the State From Your Life
Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH, but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds … Read moreInternational Crypto Exchange Luno Adds Bitcoin Cash Trading
Digitization, disruption, blockchain, and frictionless payments. It’s amazing how prominent figures from the financial elite can provide a pretty detailed description of decentralized money without uttering “bitcoin” or “crypto.” But the fact of the matter is that clever businessmen in any industry, banking is no exception, would quickly spot emerging competition, analyze its strengths, and … Read moreBankers Start to Recognize Bitcoin’s Role in Financial Evolution
Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you! If you don’t get an answer to your question, you can try phrasing … Read moreDaily Debate, September 29, 2019
Taken from LTB #414 Live Q&A Stephanie Murphy: “What’s everybody’s view on Rootstock (RSK)?” Andreas M. Antonopoulos: I don’t think Rootstock is putting smart contracts on Bitcoin. Rootstock is allowing you to use Bitcoin to pay for smart contracts on the Rootstock Drivechain, which you could theoretically do by shifting money into Ethereum. In fact, … Read more“Quite honestly, I don’t think we should be doing smart contracts on Bitcoin. Bitcoin doesn’t do smart contracts, and it doesn’t do smart contracts because it does security.” – Andreas Antonopoulos
I think in a relatively near future, Google will be able to solve any mathematical problem used in crypto in a matter of minutes. Bitcoin’s mining system is based on a mathematical problem solvable in exponential time, which is comparable to a simple linear time algorithm for a qComputer iirc. How would you avoid the … Read moreGoogle has created a 50 qbit computer and executed an algorithm in minutes where it would have ran for 20,000 years using a normal computer. Cryptography will soon (in maybe 10 years) be impacted by quantum computing. What kind of algorithm would you use to face that tremendous computational power?