Strategic Futurists; Value Systems Specialists

Events

The Basics of BitCoin and Digital Currencies

Wednesday 30 August 2017

Blockchains and Bitcoins? There's some great benefits among all the hype and yes there are risks. Perhaps the single most underrated element of the promise is the inability for any one or a handful of players to manipulate or 'game' the system. The keys to note are:

a) No one person or entity controls the system. Rather the 'block' represents a small chunk of the picture. When those small chunks are connected up, you get a 'chain'.
    aa) In fact there's versions emerging where a single entity DOES control the system and they are digital currencies I'd avoid like the plague!


b) 'Bit coins' are simply digital versions of real coins
    bb) You already spend money 'digitally' via a credit card. The digitial coin currency version is pretty much the same


c) Because no one entity controls the system, and because the system has lots of little chunks that must fit together PERFECTLY like a Jigsaw puzzle, if someone tries to manipulate or cheat the system, the jigsaw will NOT fit together and it alerts people that something is wrong. Transactions get rejected
    cc) This means INSTANT responses to scams or activity that is unusual. This is the EXACT OPPOSITE to what can happen on the sharemarket or LIBOR interest rates set by a handful of banks

And the article 'Bitcoin explained in a way a 5 Year Old can Understand' holds - pretty good way of explaining it


See more events...

Keep informed - Sign up

Look ahead for your business - sign up for your exclusive updates.
name

email address

Events

Asia on the Rise - why Australia's Neighbours Will Leave us Behind
Wednesday 31 October 2018
The Asian Productivity Organisation has shifted gears from being a centre for member countries to talk about productivity, to one that now wants to upskills its member countries. We've just completed the first chunk of helping National Productivity secretariats to ready their staff for a more proactive, future facing approach to their Country's development
Read more...
10 years on from the Australia 2020 Futurists Summit
Friday 19 October 2018
The question is, 'how does the thinking inside this document stack up?' Turns out, pretty good. What we spotted and what problems we said we'd have to watch out for, are just about spot on
Read more...
BBC Article on the Future of work and the likely skills needed
Monday 15 October 2018
it’s OK not to know your career path when you leave university – sometimes that won’t emerge until much later down the track,” Barber says. “We should remind kids that the pathway they select to start off with is unlikely to be their final pathway,
Read more...