Satoshi Nakamoto will reveal his true identity in three installments, starting on August 18 at 4 pm Eastern time, including his plans for a bitcoin renaissance and an explanation of the critical role that Chaldean numerology cyphers and encryption played in his creation of bitcoin.
So as a dystopian cat-and-mouse game emerges in Hong Kong, with a technologically sophisticated police chasing protesters for their faces, a refusal to use centralized digital cash, and arrests of protesters for their participations in virtual forums and state-mounted attacks on communications apps — cryptocurrency has quite a role to play in what may be the opening act of the dystopian, cyberpunk protests of the future.
Research by PARSIQ details the massive accumulation of wealth in the hands of a minuscule few, resulting in inequality greater than what can be found in the established “old money” institutions. Just 0.023% of the top Bitcoin addresses hold 50% of the total funds. 50% of XRP outstanding is held just 14 addresses.
Digital assets and cryptocurrencies make estate planning complex. You need to track where assets exist online and how to access them. If you fail to do proper planning, your digital footprint and assets will likely be stuck in the cloud forever.
There’s an arms race afoot over who can store cryptocurrency safest.
In just over one year since launch, Coinbase Custody has grown to over $7 billion in Assets Under Custody stored on behalf of more than 120 clients in 14 different countries, making it the largest institutional custodian in the world.
Most crypto funds are backed by traditional venture capital, so even though they are supporting the emergence of the new crypto economy, it will be one that will have strong, foundational links with the financial system.
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Published by kiffmeister
The Kiffmeister is a former Senior Financial Sector Expert at the International Monetary Fund.
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